HKSIPapers HKSIPapers HKSI LE practice and regulatory notes
Regulatory foundation Paper 1 · Topic 2

Hong Kong Law and the Companies Ordinance

Covers common law, equity, civil and criminal law, contract and agency, separate corporate personality, share capital, directors' duties, shareholder resolutions and winding up.

HKSI Paper 1 study notes: Hong Kong Law and the Companies Ordinance

1 Legal system and company operations

Place similar concepts side by side: identify the legal relationship first, then learn the procedure and threshold.

Civil versus criminal law

香港法律制度
  • Civil cases generally use the balance of probabilities; criminal cases require proof beyond reasonable doubt. Compare
  • Equitable remedies such as specific performance and injunctions are generally discretionary, not automatic upon proving breach. Trap

三步判斷

When damages and imprisonment appear together, first distinguish private remedies from public criminal prosecution.

Standards of proof

Proceeding Standard
CivilBalance of probabilities
CriminalBeyond reasonable doubt

Companies, shares and resolutions

《公司條例》(第622章)
  • A registered company has separate legal personality; its debts are generally not the personal debts of shareholders. Definition
  • The current Companies Ordinance uses a no-par-value regime and has abolished authorised capital. Exam
  • An ordinary resolution generally requires a simple majority; a special resolution generally requires at least 75%. Numbers

核心框架

Do not treat shareholders, directors and the company as the same legal person. Identify the actor before assigning liability.

Practise with 2,195 original Paper 1 questions

These notes are distilled from the 10min HKSI1 app. Use them alongside bilingual questions, reasoned explanations, chapter practice and error review.

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