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Prompt Payment Hong Kong Proposed Legislation

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Key Developments and Changes in Comparison With the Existing Contractual Security of Payment Regime: Construction Industry...

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In May 2024, the Hong Kong Government introduced the Construction Industry Security of Payment Bill (Bill) to the Legislative Council for first reading. If the Bill is passed into law, the Bill will introduce a statutory...more

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LegCo In-house Lawyers Request Clarifications Regarding the Security of Payment Bill

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On 19 June 2024, the Legal Service Division of the LegCo wrote a letter to the Development Bureau seeking to clarify certain matters in the Construction Industry Security of Payment Bill (“Bill”). The Legal Service...more

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Bills Committee Formed to Review Hong Kong Security of Payment Bill

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We explored in our earlier Insight Hong Kong Security of Payment Bill gazetted the key provisions of the long-anticipated Construction Industry Security of Payment Bill (“Bill”) which was gazetted on 17 May 2024....more

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