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Daniel P. Malone
ASIA: "Asia Pacific private equity outlook (November 2011)" report. 64-page report by Ernst & Young.
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backASIAtalk March, 2012
Hong Kong: Amendment to the General Holidays Ordinance and the Employment Ordinance
The General Holidays and Employment Legislation (Substitution of Holidays) (Amendment) Ordinance 2011 (the "Ordinance") will come into force on 24 February 2012.
As reported in our November issue, the new Ordinance in essence provides that if any of the first three days of the Lunar New Year falls on a Sunday, the fourth day of the Lunar New Year (instead of the day preceding the Lunar New Year Day) will be substituted as a statutory holiday and general holiday. Similarly, if the day following the Chinese Mid-Autumn Festival falls on a Sunday, the second day following that Festival (instead of the day of that Festival) will be substituted as a statutory holiday and general holiday. The Ordinance was enacted to address the concern that the current arrangement for substitution of holidays results in employees getting Saturday off, which does not have any benefit to employees working on a five-day basis.
The next Lunar New Year Day falling on a Sunday is expected to be in 2013. The general holidays for 2013 will be announced by the government in or around April this year thus providing employers with sufficient time to plan ahead.
Source: Baker & McKenzie - GAI
For more information or to contact Baker & McKenzie, please click here.
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