Steps to consider for new entrepreneurs & startups
The decision to become an entrepreneur or to venture into a
startup company requires careful consideration and meticulous
planning. Before embarking on a new venture, it is essential to
plan ahead and prepare all necessary documents to avoid future
headaches. This article will introduce the necessary steps to
consider in setting up a business, be it a company, an enterprise
or a partnership, and present both legal terms and agreements to
consider beforehand. There is no all-inclusive starter pack for
entrepreneurs and startups as every business venture will vary and
comprise different needs. As a start, the following are a few
The Securities and Futures Commission
(
SFC ) recently published updated FAQs in respect of the requirements
applicable to a Type 1 licensed corporation or registered
institution ( Type 1
custodian ) that
wishes to be appointed by a private open ended fund company
(
OFC ) as its custodian.
The clarifications are helpful and further boost the
attractiveness of using a private Hong Kong OFC as a hedge fund
vehicle, as it is now clear that a prime broker can act as a
custodian.
What documents are required for the appointment of an Type 1
custodian such as a prime broker?
For an application for the appointment of an Type 1 custodian,
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As environmental, social and governance (ESG) factors have
become a growing focus for companies and their shareholders,
financiers, employees and other stakeholders, they have also become
increasingly important to the success of M&A transactions.
ESG factors are now seen as important value drivers for
dealmakers, as well as being essential to corporate values and
reputational expectations. Effective diligence, evaluation and
management of ESG considerations are critical steps for parties to
take to mitigate risk, achieve beneficial outcomes and synergies,
and successfully execute transactions. This article explores key
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Ikigai Law advised Pixxel Space, an Indian space-tech startup, in
contract negotiations for its forthcoming satellite launches aboard
a
SpaceX Falcon-9 and a
Russian Soyuz space craft.
Pixxel is building a constellation of earth imaging satellites
to provide real-time remote sensing data across the world. It is
planning to launch 30 satellites by June 2023. Its satellites aim
to provide highly accurate data-based insights in agriculture,
climate change and forestry. The company has signed an agreement
with Silicon Valley-based in-space satellite transportation
company Momentus Inc, to
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Corporate governance has become one of the most hotly debated
topics in recent years. Whether it be board diversity, corporate
culture or succession planning, directors across the world have
hugely diverse opinions. But what happens when there is no-one to
steer the ship?
Companies with sole directors, members, resident agents and
company secretaries are less frequently encountered, but cannot be
left in limbo if the worst is to happen and the sole
individual holding those roles dies. Without someone to progress
the company s interests, bank accounts are likely to be