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Experienced restructuring and recovery professionals joined Moore Hong Kong in 2020

Moore Hong Kong is delighted to announce as of 1 January 2020, very experienced restructuring and recovery professionals including Jim Wardell, Jackson Ip, Joanne Lui and their team have joined Moore Hong Kong. The new Moore Hong Kong restructuring and recovery services operates as Moore Recovery Limited.  

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Present Values of Lease Payments under the New Standard: HKFRS 16 Leases

HKFRS 16 Leases has become effective since 1 January 2019 and replaced HKAS 17 Leases for lease accounting to specify the principles for recognition, measurement presentation and disclosure of leases. The new standard specifies that individual leases should be considered separately.

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Valuation Guidelines for Private Equity and Venture Capital

In response to the increasing demands for building consensus within the valuation industry, various valuation guidelines have been developed to suit different purposes, and to caterdifferent needs. Among them the International Private Equity and Venture Capital Valuation (IPEV) Guidelines and International Valuation Standards (IVS) are two of the most widely adopted standards in the private equity investments and accounting practices respectively.

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ANDY ARMANINO TO SUCCEED RICHARD MOORE AS MOORE GLOBAL CHAIRMAN

After 15 years as Chairman of the leading international accountancy and consulting network, Moore Stephens International, now Moore Global, Richard Moore today announced his decision to step down at the end of 2019.  Andy Armanino will succeed Richard as Chairman of Moore Global from 1 January 2020. Andy is currently a member of Moore Global’s board and until 1 January 2019 was CEO and Managing Partner of Armanino LLP.

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Yan Ng promoted to Assurance Director

Moore Hong Kong is pleased to announce the promotion of Yan Ng to the position of Assurance Director with effect from 1 October 2019.

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MOORE: Helping you thrive in a changing world

Moore Stephens Hong Kong relaunches our brand to become ‘Moore’. This is part of a wider rebrand of the Moore Stephens global accountancy and consultancy network, of which Moore Stephens Hong Kong is a member.

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Due diligence by external consultants plays a crucial role in merger & acquisitions

On 4 July 2019, the SFC of Hong Kong issued the “Statement on the Conduct and Duties of Directors when Considering Corporate Acquisitions or Disposals”, reiterating the importance of independent professional valuations in relation to the fiduciary duties of the directors of public companies in their planned acquisitions or disposals. The authority particularly points out the importance of due diligence, which is an area that many valuation practitioners in Hong Kong do not possess the relevant expertise nor resources to advise and work on.

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Moore Stephens International Global Directors Conference and Moore Stephens Da Hua 10th Partners Conference in Chengde

Moore Stephens Hong Kong Managing Director Helen Tang and Assurance Director Leo Cheung attended Moore Stephens International Global Directors Conference and Moore Stephens Da Hua 10th Partners Conference in Chengde during 8-11 July 2019.  

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Moore Stephens as Corporate Associate Member of Hong Kong Venture Capital and Private Equity Association

Moore Stephens has become a corporate associate member of the Hong Kong Venture Capital and Private Equity Association (HKVCA).

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Hong Kong Tax Returns Filing Due Dates

On 1 April 2019, The Hong Kong Inland Revenue Department had issued the Profits Tax Returns, Employer’s Returns and Property Tax Returns for the year of assessment 2018/19.  On 2 May 2019, it will issue the 2018/19 Individual Tax Returns for individuals. 

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Building cyber resilience among insurers

With technology advancement, there are more and more digital insurers. Though digitalisation helps insurers increase efficiency and enhances customers experience, cyber threats must be anticipated.     The cyber insurance market is still far from mature. What should the regulators do? What role can insurance play in addressing cyber risks?

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How cyber security breaches impact personal data protection in particular in relation to the European Union General Data Protection Regulation (GDPR) on Hong Kong businesses

The news of cyber security breaches come waves after waves. Cathay Pacific leaks information consist of passengers’ names, nationalities, dates of birth, travel document numbers and historical travel details. The hacking of Marriott’s Starwood reservation system exposes data of up to 500 million guests. Just over a week ago, Hong Kong credit reporting agency TransUnion was forced to suspend its online services over unauthorised access of personal credit information.   Hong Kong business has largely ignored the EU General Data Protection Regulation (GDPR) that replaced the preceding data protection laws in all European Union (EU) countries on 25 May 2018. The potential impact of GDPR on Hong Kong business with ineffective cyber security measures could be severe.