On 17 October 2023, PwC announced to ally with OpenAI and Harvey, leveraging OpenAI’s advanced foundation models, Harvey’s expertise in domain-specific models, to create advanced solutions in tax, legal and human resources, such as carrying out due diligence on companies, identifying compliance issues and even recommending whether to authorize business deals. This collaboration signals PwC’s […]
An Analysis of Director’s Duties to Avoid Conflicts of Interest: A Perspective on HKEX’s Guidelines
The Hong Kong Exchanges and Clearing Limited (HKEX) has recently issued an Enforcement Bulletin, focusing on directors’ duties towards conflicts. It discusses various cases to illustrate potential pitfalls directors might encounter and provides practical tips and best practices on conflict management. The report concludes with a summary of enforcement cases from the first half of […]
Understanding Price Sensitive Information (PSI) and its Implications
What is PSI? Price Sensitive Information (PSI), also referred to as “inside information” under Part XIVA of the Securities and Futures Ordinance (SFO), is a legal concept that came into effect on 1st January 2013. “Insider information”, is defined by section 245(1) of the SFO as “specific information” that: (a) is about i. the corporation; […]