The complexity of tax laws has led to the success of tax liability insurance (TLI), an intriguing insurance product established over 20 years ago.
What is TLI? Importantly, what are the key features of TLI for buyers and sellers in the context of share and asset acquisitions or M&A, in Hong Kong?
For market-relevant explanations from a broker's perspective, check out Practical Law Hong Kong for this practice note by Martijn de Lange, BMS Group Asia, with the assistance of Practical Law Hong Kong at https://anzlaw.thomsonreuters.com/w-029-5064 and many other resources from leading lawyers.