RH
pls
Mr Store
15
MA's a 40
06 MAY 1992
ISTRY
FROM: M V Stone
State
9 APR 1992
5 Hong Kong Department
DATE: 27 April 1992
I hidhetto HD). Legal Advisers Thank you
cc: Miss Brooks,
Mr Ricketts
Ricket
minika
Mr Burns PS/Mr Goodlad
Private Secretary
As2914
Армей
Sile
Разбри
A
HONG KONG: MIDDLE EAST FINANCE INTERNATIONAL LTD
(TRANSFER OF UNDERTAKING) BILL 1992
Problem
1. A private member wishes to introduce this Bill into the Legislative Council, but,under the Royal Instructions, the Governor may not assent to it without the approval of a
Secretary of State.
5
Recommendation
2. That the Secretary of State should agree that the
Governor may assent to the Bill, should it be passed by the Legislative Council. A departmental Legal Adviser is
content.
Background
3.
The purpose of the Bill is to transfer the undertaking of Middle East Finance International Ltd (a deposit taking company incorporated in Hong Kong) to Emirates Bank
International Ltd (a restricted licenced bank incorporated in the Emirate of Dubai).
A departmental Legal Adviser has
advised that the Bill is unobjectionable and, at Clause 17,
contains the necessary saving provision required by Royal
ALKADD/1
JRB