Background It is common for Hong Kong employment agreements to describe a bonus as “discretionary” or “gratuitous’ in nature. The employer’s objective is to retain sole and absolute discretion to decide whether to award a bonus and if so, to decide the amount to be awarded. However, the line between discretionary and non-discretionary bonuses can
Gall been recognised as a finalist in the following categories at ALB’s upcoming HK Law Awards: · Shortlisted – Dispute Resolution Lawyer of the Year · Shortlisted – Dispute Resolution Boutique Law Firm of the Year · Shortlisted – Matrimonial and Family Law Firm of the Year The full list of finalists can be found here: ALB Hong Kong
The Insolvency Team at Gall continues to advise Century Sunshine Holdings Group Limited (Stock Code: 509) (the “Company”) on its debt restructuring and has successfully secured sanction of a Hong Kong scheme of arrangement (the “Hong Kong Scheme”) (as part of parallel schemes of arrangement in Hong Kong and Singapore). In August 2023, the Honourable Mr Justice Harris sanctioned the Hong Kong Scheme between the Company and 5 of its subsidiaries in the British Virgin Islands and Hong Kong on one hand and their Scheme Creditors on the other: Re Century Sunshine Group Holdings Ltd and Others [2023] HKCFI 2041.
Gall has been recognised as a Firm to Watch (Hong Kong) in ALB’s inaugural rankings targeting firms that are already making waves, and are either challenging (or have the potential to challenge) much larger law firms for their share of the work.
Gall Writes Hong Kong Chapter for Global Legal Insights – Employment & Labour Law 2023 Felda Yeung has written the Hong Kong chapter for Global Legal Insights’ (GLI) Employment & Labour Law 2023 handbook. In the chapter, Felda explores: Click here to read the chapter.
