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In this article, Aki Corsoni-Husain and Andrew Knight look at the movement by the Cypriot government towards implementation of DAC 6, and discuss the features of the draft bill currently in progress.

We are pleased to announce that Partner and Head of our Transactional team, Lishi Fong, has been appointed Managing Partner in Singapore. Additionally, Nicola Roberts, Partner in the Litigation, Insolvency and Restructuring team and Head of the Trusts and Private Client Advisory Group in Asia, and Jayesh Chatlani, Counsel in the Litigation, Insolvency and Restructuring team, have relocated to the Singapore office from Hong Kong. Furthermore, we are pleased to announce that Paula Kay has been named Head of Litigation Asia.

The Securities and Investment Business Act 2010 (SIBA) has been recently amended by the Securities and Investment Business (Amendment) Act 2019 (the SIBA Amendment). The SIBA Amendment came into force on 31 December 2019 subject to various transitional provisions.

Harneys Hong Kong has today completed the global share offering of Wise Ally International Holdings Limited on the Main Board of the Hong Kong Stock Exchange. The company is an established electronics manufacturing services provider offering full turnkey solutions with a particular focus in consumer electronic products. It raised approximately HK$80 million from the IPO.

The BVI Business Companies (Amendment) Act, 2019 came into force on 23 December 2019. This 60 second update summarises the changes, which are intended to clarify the requirements around filing a company’s register of directors in special circumstances.

All directors registered with the Cayman Islands Monetary Authority (CIMA) under the Director Registration and Licensing Law are required to file their annual declaration by 15 January 2020.