CONFIDENTIAL

47082

1

IT HAS TO BE DEALT WITH ON A CASE BY CASE BASIS. LEGAL ADVISERS

HAVE ADVISED IN THE PAST THAT HONG KONG COULD PROVIDE FOR CERTAIN

REGULATIONS WHICH, INEVITABLY, HAVE EXTRATERRITORIAL EFFECT UNDER

THEIR EXISTING POWER. THE PRESENT ORDER WILL ENABLE YOU TO GO

BEYOND YOUR EXISTING POWERS BUT CANNOT EXCLUDE THE POSSIBILITY THAT, IN THE FUTURE, YOU MAY HAVE TO ARGUE BEFORE A COURT THAT WHAT YOU REFER TO AS THE EXISTING LEGISLATION WAS VALID UNDER THE

GENERAL POWER WHEREAS LATER LEGISLATION IS CLEARLY VALID UNDER

THE PRESENT ORDER. THE HONG KONG ACT 1985 DOES NOT PROVIDE POWER

TO LEGISLATE WITH RETROSPECTIVE EFFECT.

HOWE

OCMIAN 7082

NNN N

YYYY

MA IN

LIMITED

HKD

FED

MAED

LEGAL ADVISERS

DR WILSON

MR SLATER

2

CONFIDENTIAL

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