Hong Kong Government has issued a further round of financial relief worth HK$137 billion (US$17.5 billion) to help Hong Kong combat the impacts of COVID-19. This blog explores two key initiatives, namely (1) the Employment Support Scheme (announced on 8th April 2020); and (2) SME Financing Guarantee Scheme (announced on 26th February 2020). It also summarises other relief measures announced on 8th April 2020 which may be of interest to our clients with businesses in Hong Kong in particular in aviation, real estate, construction, tourism, hospitality, F&B and the financial services sector.  

In light of the impacts of COVID-19, the Hong Kong government has followed the footsteps of other countries to implement laws and regulations to limit the size of gatherings. A company should now rethink whether options other than physical meetings are available to validate its corporate actions. In this article, we aim to refresh the requirements on corporate meetings and explore how a company may tackle the challenges.