• Sat
  • Nov 29, 2014
  • Updated: 5:11am

Contract Law

Students learn the perils of sublets

Today marks the end of a legal tangle over a property lease for mainland student Zhang Mengtao.

Wednesday, 15 August, 2012, 10:42pm

Students learn the perils of sublets

Today marks the end of a legal tangle over a property lease for mainland student Zhang Mengtao.

'I am just relieved that it is finally over,' said Zhang, who made the mistake of subletting her rented flat without letting her landlord or agents know - a pitfall into which many mainland students have evidently fallen as they seek to save additional charges for amending leases.

15 Aug 2012 - 10:42pm

10pc of civil servants 'may have cross-leased'

Up to one-tenth of senior civil servants cross-leased their properties to gain as much benefit as possible from rental subsidies, a senior government officer says.

Philip Kwok Chi-tak, chairman of the Senior Government Officers' Association, yesterday explained why the perk, known as the private tenancy allowance, was the preferred option for senior civil servants.

14 Jul 2012 - 12:00am

Mak 'allowed tenant to sell' controversial flat

Secretary for Development Mak Chai-kwong authorised a civil-servant tenant to sell a flat that is a cause of controversy because of a 'cross-leasing' scheme, Lands Registry documents reportedly show.

The other civil servant, Tsang King-man, meanwhile rented his own flat to Mak and later authorised Mak to sell it, Apple Daily reported.

8 Jul 2012 - 12:00am

NEW lease of life

After a flurry of buying sprees in the first quarter of this year, backed by pent-up demand, sales have significantly slowed recently. But leasing transactions remain brisk as more people turn to the rental market.

6 Jul 2012 - 12:00am

Hontex fails to stop SFC from seeking refund order

Hontex International Holdings has failed in a bid to stop the Securities and Futures Commission (SFC) from seeking a court order to refund back to investors the HK$1 billion it raised in its 2009 initial public offering.

8 Jun 2012 - 12:00am

'No need for jail terms' in IPO rules

A Securities and Futures Commission (SFC) proposal to tighten regulation of initial public offering sponsors has drawn indignation from investment banks over the possibility of jail sentences under the new law, but investigative firms and lawmakers are throwing their weight behind the tougher rules.

28 May 2012 - 12:00am

Investigator backs planned listings reform

Steve Vickers, a retired senior policeman turned commercial investigator, who has supervised over 300 initial public offering due diligence exercises across Asia over the past seven years, praised planned reforms to initial public offering (IPO) rules, saying he had encountered serious problems in the sector.

28 May 2012 - 12:00am

We don't want to jail bankers, SFC chief says

The Securities and Futures Commission's controversial proposal to tighten rules covering listing sponsors is not intended to put bankers in jail but to encourage them to do a better job, the regulator's chief said.

23 May 2012 - 12:00am

Pages