#Hong Kong business registration
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A Guide to Navigating Corporate Legal Requirements in Hong Kong
Operating a business in Hong Kong comes with ample opportunities but also an array of legal and regulatory requirements that corporations must comply with. Failing to adhere to the rules around company formation, securities trading, taxation, employment and other key areas can land your business in hot water. This guide outlines the major legal landscape that HK corporations should be aware of.
Choosing a Business Structure
One of the first steps is deciding how you will formally constitute your HK company. Common structures for small to mid-sized companies include a Private Limited Company and Limited Company. Key legal paperwork includes filing Articles of Association and a Memorandum that specifies company objectives and structure. You’ll also need to formally issue company shares and understand share classes as well as share types like ordinary or preference shares with varying ownership rights. Statutory meetings must be held annually.
Following Securities Trading Laws
If your company seeks investment from the public, then you must comply with Hong Kong securities regulations around registering prospectuses, issuing financial reports and disclosing shareholder equity changes, governed overall by the Securities and Futures Ordinance (SFO). Listed firms face continuing regulatory burdens around price sensitive information – any data that may impact share prices must be announced. Insider trading is also tightly regulated under SFO, least employees use undisclosed financial information for profit.
Paying Taxes and Filing Returns
As a HK corporation, key taxes will include Profits Tax on company earnings as well as potential Withholding Tax on payments like royalties or service fees sent overseas. Proper calculation of tax residency status is essential to determine tax exposure. Audited accounts may be required, and tax returns generally must be filed annually under strict guidelines. FAILURE_DETECTED
Meeting Employment, Payroll Regulations
Critical employment law issues span offering employment contracts that meet government standards on pay, overtime, leave policies and more per Hong Kong’s Employment Ordinance. Preventing discrimination and sexual harassment is also mandated. Retirement schemes equivalent to at least the Minimum Wage level (currently HK$37.5 hourly) must be provided. Consult deeply on hiring and termination best practices.
Protecting Intellectual Property Rights
Register trademarks and patents early to establish legal ownership over key company innovations and brands in the Hong Kong market. Also enact document management procedures focused on retaining contracts, transaction records, board minutes and other materials that may be involved in potential disputes or investigations for 6-7 years as best practice.
The regulatory pressures on HK corporations are significant, but with proper legal guidance around formation, trading, hiring, tax policies and IP rights, your company can securely navigate the Hong Kong landscape. Government agencies like InvestHK provide additional resources on ongoing compliance requirements as corporate policies evolve. Taking a conservative approach with oversight from your company secretary or legal team is wise as your business grows and expands.
#Hong Kong company law#Hong Kong corporate regulations#Hong Kong business setup#Hong Kong company structure#Hong Kong private limited company#Hong Kong limited company#Hong Kong Companies Ordinance#Hong Kong business registration#Hong Kong company incorporation#Hong Kong company shares#Hong Kong company meetings#Hong Kong Securities and Futures Ordinance (SFO)#Hong Kong public companies#Hong Kong stock market compliance#Hong Kong price sensitive information#Hong Kong insider trading laws#Hong Kong company prospectus#Hong Kong company reporting requirements#Hong Kong Profits Tax#Hong Kong withholding tax#Hong Kong tax filing
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With Boom’s Company Registration services in Hong Kong, establishing your business in this thriving economic hub has never been easier. We provide comprehensive support for company registration, including name approval, document filing, and securing the necessary licenses and certifications. Our team ensures compliance with all legal requirements, enabling you to focus on what matters most: growing your business.
#business#legal services#founder#economy#investing#entrepreneur#commercial#registration#company registration#hong kong
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Why Hong Kong is Crucial for Entrepreneurs and Business Owners Seeking Expansion?
With its strategic location and pro-business environment, Hong Kong has become a top destination for Indian entrepreneurs aiming to expand. But what exactly makes Hong Kong the ideal choice for company incorporation?
Hong Kong’s Strategic Advantage
Situated at the crossroads of East and West, Hong Kong serves as a key gateway to the expansive Asian markets. Its world-class infrastructure and established legal system provide businesses with a strong foundation to thrive. Entrepreneurs around the globe view Hong Kong company formation as an essential starting point for their ventures.
A Pro-Business Climate
One of Hong Kong’s most appealing aspects is its business-friendly environment. With no trade barriers and a liberal investment regime, the city offers a streamlined experience for foreign investors. Its low, predictable tax system — with a corporate profits tax rate as low as 8.25% — along with no capital gains tax, VAT, or sales tax, makes Hong Kong a prime destination for company incorporation and business services.
Access to Capital and Skilled Talent
Hong Kong’s financial sector is a powerhouse, offering ample funding opportunities for startups, ranging from government initiatives to private investors. This makes forming a company in Hong Kong especially advantageous.
Additionally, Hong Kong’s ability to attract top talent from around the world offers startups access to a diverse, highly skilled workforce, fueling innovation and growth.
The Greater Bay Area Opportunity
Hong Kong’s strategic role within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) unlocks even more opportunities. Serving as a critical “Gateway to China,” Hong Kong company registration now connects Indian entrepreneurs to the fast-growing Chinese market. The GBA’s rapid development presents immense potential for those ready to capitalize on new opportunities.
Tackling Challenges
While Hong Kong offers numerous benefits, challenges such as high living costs and intense competition can be intimidating. However, tapping into government funding programs and alternative financing options can help entrepreneurs navigate these challenges. Additionally, offering a positive work culture and professional development opportunities can help businesses attract and retain top talent during the company registration process.
Conclusion: Unlocking Hong Kong’s Potential
Hong Kong’s vibrant business landscape is full of opportunities for those ready to take the plunge. But the real question is: how can you fully harness Hong Kong’s potential for your unique business needs? Curious to learn more? Explore our in-depth guide on Hong Kong company formation and business incorporation services. Uncover the strategies and insights that could power your next big move. Your journey toward successful expansion starts here — don’t miss out on the knowledge that could transform your business.
#business incorporation#company registration#hong kong company formation and incorporation services#business consulting#hong kong company formation
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Meet CDN Solutions Group at InnoEx 2024 (HKTDC) – HongKong
CDN Solutions Group is among the InnoEX 2024 Exhibitors. We are eager to exhibit the next-gen technology solutions we offer to support many industry sectors especially focused on smart cities and sustainable growth.
Explore CDN Solutions Group’s cutting-edge technology solutions and expertise at InnoEX 2024 to understand how we have helped businesses enhance operational agility, and increase productivity and efficiency.
#InnoEX#InnoEX 2024#InnoEX 2024 exhibitor list#InnoEX 2024 Hong Kong#Best tech company in InnoEX#Biggest Tech Conferences 2024#biggest tech event in the world#business events#business events in Hong Kong#Event Pass#hktdc 2024#hktdc 2024 april#hktdc 2024 schedule#HKTDC Electronics Fair#HKTDC Electronics Fair 2024#HKTDC Events#hktdc exhibition 2024#hktdc exhibition address#hktdc exhibition registration#hktdc fair 2024#HKTDC Hong Kong Electronics Fair#InnoEX 2024 agenda#InnoEX 2024 dates#InnoEX 2024 location#Innoex 2024 venue#InnoEX event pass 2024#InnoEX exhibition Hong Kong#InnoEX exhibition Hong Kong 2024#InnoEX Exhibition registration#InnoEX exhibitor List
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At vOffice, our experienced team provides comprehensive company formation services to help entrepreneurs and investors set up limited companies in Hong Kong. From company name search and reservation to preparing incorporation documents, we handle every step of the registration process for you remotely.
Our all-in-one incorporation package includes company secretarial service, virtual office address, business registration, and bank account opening. We also assist with any post-incorporation changes to keep your company compliant. With vOffice, you can have your Hong Kong company up and running quickly without visiting Hong Kong.
Our goal is to make company registration smooth and stress-free. Trust our specialists with 20+ years of experience to incorporate your Hong Kong company efficiently. Enjoy end-to-end assistance from experts you can count on. Contact vOffice today to bring your business plans to life!
#Hong Kong Company Formation#Company Registration in Hong Kong#Set Up Company in Hong Kong#Company Secretary Hong Kong#Business Center Hong Kong
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#Business Setup In Hong Kong#Hong Kong Offshore Company Formation#Hong Kong Company Incorporation#Offshore Company Registration In Hong Kong
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Okay, Matrix plagiarism case postscript
One thing I didn't answer is how she got the Wachowski's timeline wrong. I still don't know, but it appears she essentially shifted their lives back a decade
She says less than a decade ago they were running a construction business, but actually, working at a construction company is what they were doing in 1986. In 1976 Lana and Lilly were eleven and nine years old respectively. I can't explain why she messed this up, beyond having to age them up a decade for the story to work
But this screencap also brings up another thing she mentions repeatedly that I didn't mention - the smoking gun in her claim is that...the Matrix ripped off her words verbatim for its opening crawl. The opening crawl...to The Matrix.
Huh?
So her story is - and unsurprisingly the timeline here is jumbled, for instance, citing production interviews from 1997 when the film wouldn't enter production until 1998 - the original version of The Matrix contained a Star Wars-style opening crawl, and this was the most directly plagiarized part of the film.
She claims this opening crawl was, in fact, in the theatrical release of The Matrix and only removed when it came to home media, because she. Because she called the FBI on the Wachowskis for stealing the idea of opening crawls from her
The theatrical cut does differ from later versions slightly - most infamously the Wachowskis made the green color filter much more green in the second DVD release, to make it consistent with the style of the sequels - but if there was a opening crawl mandated by the studio, nobody but her has mentioned it, and I find it hard to believe critics wouldn't mention it.
Because this is Dark City. She's clearly confused The Matrix with stories about the studio's meddling with the 1998 film Dark City.
Dark City was the dystopian sci-fi film that had a opening narration explaining the whole plot foisted on it by the studio, and critics mentioned it. Basically every review mentioned it (some even suggest covering your ears or muting the film the first time you see it, at least until the Director's Cut removed it). Meanwhile, reviews of The Matrix praised its opening from the very beginning: how it drops you right into things and lets you find out about its world as Neo does. It's just not possible that the theatrical release has a opening crawl no one mentioned when I can pull up full comparisons of theatrical vs first DVD vs second DVD vs Bluray. Whatever story she read either was about Dark City, or was a Wachowski saying in passing "yeah the studio wanted us to add one but we didn't".
Another thing I didn't touch on is just how much it hypes her up as a untouchable genius of cinema. For instance, she claims to have come up with the effects of The Matrix in 1983 too
(one funny part is how little she brings up The Terminator at all? She just threw it in as a bonus I guess)
I looked up how they did the bullet time effect in particular and...it would have been impossible in 1983. It's not just high speed photography; it's entire banks of cameras, placed in the right place by computer previsualization, their sequence programmed, and with all the elements composited together by CGI. Even stylistically - the true creator of the effects cited Akira as a influence, and Akira the movie didn't exist in 1983. Neither did the type of Hong Kong action film that heavily influenced it. I guess it would be possible to write down "someone goes really fast and we depict it like they slowed down time", concepts of a plan etc
But like.
She's destined to be one of the most profound master writers of the 21st century. This is a book proving she's never written anything. It has a pitch for The Third Eye, it has a second film treatment tacked on at the end, and it has copyright registrations for her sequels to Terminator and The Matrix. M. Night Shyamalan's character in Lady in the Water was destined to be a great writer too, but he actually wrote a book. He didn't put out a book with a decades-old synposis that was never finished & reams of legal documents and a bio saying, I'm one of the greatest authors of all time. Because who needs writing when you have destiny, God, and the ancient superrace living in the Pyramids on your side?
This is my for real last post on this since I ended up just depressed about it in the end. I think the worst part is, she knows she lost. But she still goes to the press telling a story she knows isn't true, and people believe her. Some of it is transphobic - "stop saying it's a trans allegory when they stole it"; some of it runs with the Christian oppression narrative (full disclosure, I was inspired to look for her book again bc while looking up another crank, I saw an interview with her in the sidebar of a religious website); but a lot of it is just people who innocently want it to be true.
One of the few pieces debunking her story is on a website called Black Excellence - it doesn't even have a byline - said this:
"There are many people, especially Black people, who wanted the story to be true. It symbolized a Black person, especially a Black woman, finally winning against the system. When Sophia Stewart spoke about how mainstream media would not give her the time of day because almost all of them were owned by Warner Brothers, some Black media embraced her. Blogs spread her story, especially the initial story on Globe that contained errors about the case.
"But the story is not true. Sophia Stewart did not become the richest Black person in the country. But that did not deter her from going on several shows and publications to tell her story."
She took advantage of people's urge to root for the underdog against a corporation - and seized on a lack of mainstream coverage to claim her story was being suppressed. But it just isn't true. Also yeah she ridiculously claims that Warner Bros owns every news website and newspaper and that's kind of funny I guess. Well, that's it. I'm never doing this again
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Love is Love
Event date: Jun.17th 00:00:00 AM - Jun.25th 11:59:59 PM EST
1. Only diamonds received & coins gifts/diamonds gifts spent from this event gifts will count toward the leaderboard. If you recharge or give/receive gifts during the event and are consistent with the requirements of the event rules, you will be deemed to have agreed to participate in the event, and your information will enter the event ranking list and be publicized.
Note: Each user is only allowed to use one account to participate in the event. If it is found to use another number of contestants, which seriously affects the contestants in the activity, the account with higher “user” level will be retained, and the account with lower “user” level will be removed from the list so that it will be disqualified from participating in the competition and winning prizes. The removed list data will not be returned. The above rules apply to all the event, including but not limited to the Gifter &Broadcaster Leaderboard, Points Leaderboard, etc. Coins sent or diamonds received from participating the event shall be obtained from normal channels. If it is found that the acquisition channel is abnormal, which seriously affects the contestants in the event, accounts involved will be disqualified from participating in the competition and winning prizes.
2. Coins-spent and diamonds-received only include sending gifts in broadcasts. Gifts received through Direct Message, Guardian Knight, Shorts, and all other channels will not be counted towards the competition.
3. Cash rewards will be delivered as diamond rewards based on the cash-out rate. Diamond rewards from the event will not be counted on the profile page. Leaderboard rewards will delivered after the event ends in 3-5 business days.
4. The final ranking is based on the point ranking on the leaderboard.
5. This event is only available to users of US region, if there are users in other regions, they will not be eligible for the rewards.
6. LiveMe reserves the final interpretation of this event.
7. Release And Indemnity. By participating in this Contest or receiving a Prize, users (and in particular, each Winner) agrees to release and to indemnify and hold harmless Hong Kong LiveMe Corporation Limited and related companies and affiliates, and their respective officers, directors, employees and agents for any liability, injury, death, loss or damages to registrant or any person or entity, including without limitation damage to personal or real property, caused in whole or in part, directly or indirectly, by participation in this Contest (or related activities) or the acceptance, possession or use/misuse of a Prize.
8. Broadcast Delivery Disclaimer: LiveMe is not responsible for electronic transmission errors resulting in omission, interruption, deletion, defect, delay in operations or transmission, theft or destruction or unauthorized access to or alterations of entry materials, or for technical, network, telephone equipment, electronic, computer, hardware or software malfunctions or limitations of any kind, or inaccurate transmissions of or failure to receive entry information by LiveMe on account of technical problems or traffic congestion on the Internet, at any Web site, or via the mobile phone or any combination thereof. If for any reason the Internet or mobile phone portion of the program is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes which corrupt of affect the administration, security, fairness, integrity, or proper conduct of this Contest, LiveMe reserves the right at its sole discretion to cancel, terminate, modify or suspend the Contest, and LiveMe reserves the right to select winners from eligible entries received as of the termination date. LiveMe further reserves the right to disqualify any individual who tampers with the entry process. LiveMe may prohibit a registrant from participating in the Contest if it determines in its sole discretion that said registrant is attempting to undermine the legitimate operation of the Contest by cheating, hacking, deception or other unfair playing practices or intending to abuse, threaten or harass other entrants. Any attempt by a registrant to deliberately damage any LiveMe channel, or otherwise undermine the legitimate operation of the Contest is a violation of criminal and civil laws and should such an attempt be made, LiveMe reserves the right to seek damages from any such participant to the fullest extent of the law.
9. Approximate Retail Prize Value (“ARV”) of the Prizes is the actual value at the time of issuance of the Prize. Any difference between the stated ARV and the actual value of the prize will not be awarded in any form.
10. Disputes/Choice Of Law. Except where prohibited, each registrant agrees that: (i) any and all disputes, claims, and causes of action arising out of or connected with this Contest or any Prize awarded shall be resolved individually, without resort to any form of class action, and exclusively by state or federal courts situated in Los Angeles County, in the State of California; (ii) any and all claims, judgments, and awards shall be limited to actual out-of-pocket costs incurred, but in no event attorneys’ fees; (iii) no punitive, incidental, special, consequential or other damages, including without limitation lost profits may be awarded (collectively, “Special Damages”); and (iv) Registrant now waives all rights to claim Special Damages and all rights to have such damages multiplied or increased. California law, without reference to California choice of law rules, governs the Contest and all aspects related to it. Any questions pertaining to Contest should be directed via email to [email protected].
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The First Step to Business Success: A Complete Guide to Company Registration
Launching a business in Hong Kong is an exciting and lucrative opportunity, but it all begins with one critical step: company registration. Whether you’re starting a small business or a large enterprise, proper registration sets the stage for long-term success. Here’s a complete guide to help you navigate the process.
Choose Your Business Structure The first decision in the Hong Kong company registration process is selecting your business structure. A limited liability company is the most common choice due to its flexibility and the protection it offers to owners.
Select a Unique Company Name Your company name needs to be unique and compliant with local regulations. Conduct a name search to avoid potential conflicts and ensure it’s available for registration.
Prepare the Necessary Documents Key documents for company registration in Hong Kong include the Articles of Association, details of directors and shareholders, and a registered office address. These must be accurate to avoid delays.
Submit Your Application Once you’ve prepared your documents, submit your application to the Hong Kong Companies Registry. The process can be complex, so many entrepreneurs opt to work with a professional service to streamline the procedure.
Meet Post-Registration Obligations After your company is registered, remember to file annual returns, keep proper financial records, and comply with tax regulations to maintain good standing.
By completing the Hong Kong company registration process correctly, you’re setting the groundwork for growth, credibility, and business success in one of the world’s most dynamic economies.
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Register Offshore Company
How to Register an Offshore Company: A Comprehensive Guide
Register Offshore Company is a strategic move for businesses looking to benefit from tax advantages, enhanced privacy, and global expansion opportunities. Offshore companies are legal entities incorporated in a jurisdiction different from where their principal operations are conducted. Here is a step-by-step guide to help you understand the process of setting up an offshore company.
1. Understand the Benefits
Before proceeding, it is crucial to understand the benefits of registering an offshore company. These may include:
Tax Efficiency: Many offshore jurisdictions offer low or zero corporate tax rates.
Asset Protection: Offshore companies can help protect assets from lawsuits or creditors.
Privacy: Some jurisdictions allow minimal public disclosure of ownership and financial details.
Ease of Operations: Streamlined regulations make incorporation and ongoing compliance simpler.
Global Expansion: Operating offshore can provide access to international markets and customers.
2. Choose a Suitable Jurisdiction
Selecting the right jurisdiction is a critical step. Popular offshore jurisdictions include the British Virgin Islands (BVI), Cayman Islands, Seychelles, and Hong Kong. When choosing a jurisdiction, consider:
Tax policies
Regulatory requirements
Reputation and political stability
Ease of doing business
Costs of incorporation and maintenance
3. Determine the Type of Company
Offshore jurisdictions offer different types of business entities, such as:
International Business Companies (IBCs)
Limited Liability Companies (LLCs)
Trusts and Foundations
Select the structure that aligns with your business goals and operational needs.
4. Engage a Registered Agent
Most jurisdictions require offshore companies to appoint a registered agent. These agents assist with the incorporation process and ensure compliance with local regulations. They also provide a registered office address for the company.
5. Prepare Required Documentation
Typical documentation required includes:
Completed application forms
Certified copies of passports and proof of address for directors and shareholders
Memorandum and Articles of Association
Business plan or activity details
Ensure that all documents are notarized or apostilled, as per jurisdictional requirements.
6. Register the Company
Submit the required documents to the relevant authority in the chosen jurisdiction. Once approved, you will receive a certificate of incorporation, signifying the company’s legal existence.
7. Open a Bank Account
An offshore company needs a corporate bank account to conduct financial transactions. Many jurisdictions offer banking services tailored to offshore entities. Be prepared to provide detailed information about the company’s activities and ownership structure.
8. Comply with Legal Obligations
After incorporation, maintain compliance by adhering to local laws, including:
Filing annual reports
Renewing licenses
Keeping accurate financial records
Failure to comply with these requirements can result in penalties or loss of company status.
9. Consult Professionals
Engage legal and financial professionals with expertise in offshore company registration. They can provide tailored advice and ensure the process runs smoothly.
Conclusion
Register Offshore Company can offer significant advantages for businesses, but it requires careful planning and compliance. By understanding the benefits, choosing the right jurisdiction, and following the required steps, you can successfully establish an offshore entity to support your business goals.
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Discover key legal considerations for Company Registration in Hong Kong including structure, compliance, taxes, and more to ensure your business thrives.
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Professional company formation Hong Kong
Professional company formation services Hong Kong simplify the process of establishing a business in one of the world’s leading financial hubs. These services typically include assistance with selecting the right business structure, such as a private limited company, and preparing necessary incorporation documents like the Articles of Association. Experts handle the registration process with the Companies Registry and secure the Business Registration Certificate from the Inland Revenue Department. Additional offerings often include providing a local registered office address, appointing a company secretary, and offering compliance support. By leveraging these services, businesses can efficiently set up operations while ensuring adherence to Hong Kong’s legal and regulatory requirements.
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Hire Top Experts for China Trademark Registration
Trademarks are vital in any business and can help to give legal authenticity and recognition to your business brand. Different countries have diverse rules and regulations related to trademark registration. China trademark registration process has its own rules and you require an expert to help you with the process.
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Legal Agreement
1. Only diamonds received & coins gifts/diamonds gifts spent from this event gifts will count toward the leaderboard. If you recharge or give/receive gifts during the event and are consistent with the requirements of the event rules, you will be deemed to have agreed to participate in the event, and your information will enter the event ranking list and be publicized.
Note: Each user is only allowed to use one account to participate in the event. If it is found to use another number of contestants, which seriously affects the contestants in the activity, the account with higher “user” level will be retained, and the account with lower “user” level will be removed from the list so that it will be disqualified from participating in the competition and winning prizes. The removed list data will not be returned. The above rules apply to all the event, including but not limited to the Gifter &Broadcaster Leaderboard, Points Leaderboard, etc. Coins sent or diamonds received from participating the event shall be obtained from normal channels. If it is found that the acquisition channel is abnormal, which seriously affects the contestants in the event, accounts involved will be disqualified from participating in the competition and winning prizes.
2. Coins-spent and diamonds-received only include sending gifts in broadcasts. Gifts received through Direct Message, Guardian Knight, Shorts, and all other channels will not be counted towards the competition.
3. Cash rewards will be delivered as diamond rewards based on the cash-out rate. Diamond rewards from the event will not be counted on the profile page. Leaderboard rewards will delivered after the event ends in 3-5 business days.
4. The final ranking is based on the point ranking on the leaderboard.
5. This event is only available to users of US region, if there are users in other regions, they will not be eligible for the rewards.
6. LiveMe reserves the final interpretation of this event.
7. Release And Indemnity. By participating in this Contest or receiving a Prize, users (and in particular, each Winner) agrees to release and to indemnify and hold harmless Hong Kong LiveMe Corporation Limited and related companies and affiliates, and their respective officers, directors, employees and agents for any liability, injury, death, loss or damages to registrant or any person or entity, including without limitation damage to personal or real property, caused in whole or in part, directly or indirectly, by participation in this Contest (or related activities) or the acceptance, possession or use/misuse of a Prize.
8. Broadcast Delivery Disclaimer: LiveMe is not responsible for electronic transmission errors resulting in omission, interruption, deletion, defect, delay in operations or transmission, theft or destruction or unauthorized access to or alterations of entry materials, or for technical, network, telephone equipment, electronic, computer, hardware or software malfunctions or limitations of any kind, or inaccurate transmissions of or failure to receive entry information by LiveMe on account of technical problems or traffic congestion on the Internet, at any Web site, or via the mobile phone or any combination thereof. If for any reason the Internet or mobile phone portion of the program is not capable of running as planned, including infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes which corrupt of affect the administration, security, fairness, integrity, or proper conduct of this Contest, LiveMe reserves the right at its sole discretion to cancel, terminate, modify or suspend the Contest, and LiveMe reserves the right to select winners from eligible entries received as of the termination date. LiveMe further reserves the right to disqualify any individual who tampers with the entry process. LiveMe may prohibit a registrant from participating in the Contest if it determines in its sole discretion that said registrant is attempting to undermine the legitimate operation of the Contest by cheating, hacking, deception or other unfair playing practices or intending to abuse, threaten or harass other entrants. Any attempt by a registrant to deliberately damage any LiveMe channel, or otherwise undermine the legitimate operation of the Contest is a violation of criminal and civil laws and should such an attempt be made, LiveMe reserves the right to seek damages from any such participant to the fullest extent of the law.
9. Approximate Retail Prize Value (“ARV”) of the Prizes is the actual value at the time of issuance of the Prize. Any difference between the stated ARV and the actual value of the prize will not be awarded in any form.
10. Disputes/Choice Of Law. Except where prohibited, each registrant agrees that: (i) any and all disputes, claims, and causes of action arising out of or connected with this Contest or any Prize awarded shall be resolved individually, without resort to any form of class action, and exclusively by state or federal courts situated in Los Angeles County, in the State of California; (ii) any and all claims, judgments, and awards shall be limited to actual out-of-pocket costs incurred, but in no event attorneys’ fees; (iii) no punitive, incidental, special, consequential or other damages, including without limitation lost profits may be awarded (collectively, “Special Damages”); and (iv) Registrant now waives all rights to claim Special Damages and all rights to have such damages multiplied or increased. California law, without reference to California choice of law rules, governs the Contest and all aspects related to it. Any questions pertaining to Contest should be directed via email to [email protected].
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