Document background
The Company Agreement is a foundational document used when establishing or restructuring a company in Hong Kong. It serves as the primary governing document that defines the relationship between shareholders, directors, and the company itself. This agreement is particularly crucial in Hong Kong's business environment, where companies must comply with the Companies Ordinance (Cap. 622) and related regulations. The document typically includes detailed provisions on share ownership, transfer restrictions, management structure, decision-making processes, and dispute resolution mechanisms. It's especially important for joint ventures, start-ups, and companies with multiple shareholders, as it provides clarity on governance and helps prevent future disputes. The Company Agreement must be drafted in accordance with Hong Kong law and should reflect both mandatory legal requirements and the specific commercial arrangements agreed upon by the parties.
