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FRIDAY, JULY 9, 1993
"THE GOVERNMENT WOULD NOT BE ABLE TO TAKE A VIEW
AT THEY ARE THOROUGHLY DELIBERATED RECOMMENDATIONS
UNTIL
TAC.
14
ON
THE
THE
FULL
THIS
THE SPOKESMAN EMPHASISED THAT IT WAS TOTALLY UNFOUNDED AT STAGE TO SUGGEST EITHER THE TAC OR THE ADMINISTRATION HAD FORMULATED A VIEW IN THE CURRENT REVIEW OF THE TAXI POLICY.
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FOREIGN CORPORATIONS BILL GAZETTED
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THE FOREIGN CORPORATIONS BILL WAS PUBLISHED IN THE GAZETTE TODAY (FRIDAY).
A GOVERNMENT SPOKESMAN SAID CONCERN HAD BEEN EXPRESSED BY THE LEGAL PROFESSION IN HONG KONG OVER THE UNCERTAINTY WITH THE STATUS OF CORPORATIONS INCORPORATED IN TERRITORIES NOT RECOGNISED BY THE UK.
IN
"SIMILAR PROBLEMS WERE ENCOUNTERED IN THE UK WHICH RESULTED THE ENACTMENT IN 1991 OF THE FOREIGN CORPORATIONS ACT TO ENABLE THE LEGAL CAPACITY OF FOREIGN CORPORATIONS INCORPORATED UNDER THE LAWS OF UNRECOGNISED STATES TO BE ACCEPTED IN THE UK, THE SPOKESMAN SAID.
H
"THE EFFECT OF THE ACT IS TO PUT IT BEYOND DOUBT THAT OBLIGATIONS FLOWING FROM CONTRACTS ENTERED INTO BY THOSE CORPORATIONS ARE ENFORCEABLE," HE SAID.
"THE BILL IS MODELLED ON THE UK ACT AND IS STRICTLY A SOLUTION TO A COMMERCIAL PROBLEM. IT HAS NO BEARING ON RECOGNITION OF STATES," HE SAID.
THE BILL IS SCHEDULED FOR INTRODUCTION INTO COUNCIL ON JULY 21.
LEGISLATIVE
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