Gaucho Hong Kong Unaffected By UK Collapse

July 20, 2018

NewsStandOnline.Net (20-July-2018): The collapse in the United Kingdom of the Argentinian steakhouse chain Gaucho and its sister chain Cau will not affect Hong Kong’s Gaucho Hong Kong eatery at LHT Tower, in the heart of Central, and a second international eatery in Dubai.

“Gaucho Hong Kong will continue to trade as its part of its international properties, which will not be affected,” Gaucho Hong Kong told NewsStandOnline.Net this afternoon.

“The administration is [with regard to] the UK businesses and not the international business, which does not come under the same legal structure.”

Gaucho Hong Kong Unaffected By UK Collapse

Gaucho International said of the chain’s closures in the UK: “As has been well publicised, the Gaucho and Cau directors have been running an options process with their advisers KPMG since mid-May to try to find a solution to the challenging financial situation facing the business.

“Despite strong interest from a number of parties, the complexities of the legal structure, the ongoing challenges with Cau’s performance and the level of indebtedness, has meant that we have been unable to find a solvent solution.”

“Consequently, the directors have this morning filed in court a notice of intention to appoint an administrator for the business.  “This is the first step that the directors are obliged to take ahead of an administrator being appointed. The administrators are likely to be partners of Deloitte.”

Gaucho is known for its steaks, empanadas and other food items from Argentina and Gaucho Hong Kong opened in 2014.

Government Gears Up For Legal Battle Over HKNP Ban

July 19, 2018

NewsStandOnline.Net (19-July-2018): Secretary for Security John Lee Ka-chiu dropped a major political bombshell as he announced that he has decided, on the advice of the police’s assistant societies officer, to invoke Article 8 of the Societies Ordinance to call for a ban on the Hong Kong National Party (HKNP).

It marked the first time the Hong Kong government has invoked such clause to consider banning the operation of a society since the city’s return to Chinese rule in 1997.

It is said that the administration knew very well that this decision will kick up a huge controversy, and that it did have concerns about the potential legal challenge it might face.

Still, Lee still decided to press ahead with it, a development that suggests that the action had been in the making for a long time and that the administration is bent on curbing the HKNP, as the party is seen as advocating separatism.

Government sources say the government has expected the HKNP to file a judicial review lawsuit against its decision, and that it is already gearing up for the upcoming legal battle.

Government Gears Up For Legal Battle Over HKNP Ban

Although there are doubts as to whether the government is justified in trying to outlaw the HKNP, which, after all, did nothing but only talk about and promote its aims only over the past two years, the sources believe the Security Bureau may have built a strong case against the group with sufficient evidence.

As to why it took two years for the authorities to take action against the HKNP, the government said there must be a process for everything to proceed, and that it also takes time to collect evidence.

Some in the pro-establishment camp believe that officials in charge of the case may have been proceeding with extreme caution and seeking legal advice repeatedly, which explains why it took so long for them to act.

They also said they had learnt that Beijing was only informed of the decision after the SAR government had made up its mind.

And that coincides with what government sources have stressed: the administration hasn’t sought any advice from Beijing on this issue, and the Security Bureau is acting entirely in accordance with the law of Hong Kong this time.

The sources also reiterated that the decision is not related at all to the administration’s potential moves toward national security legislation under Article 23 of the Basic Law.

Honma Golf Teams Up With Hong Kong Open

July 17, 2018

NewsStandOnline.Net (17-July-2018): Honma will be the title sponsor of the newly named Honma Hong Kong Open, when the US$ 2 million purse tournament returns to the Hong Kong Golf Club in Fanling from November 22-25.

The Japanese golf equipment manufacturer takes on the sponsorship of one of Asia’s most prestigious golf tournaments as Honma and the Hong Kong Open look to celebrate their respective 60th year anniversaries.

Established in Sakata, Japan in 1959, Honma is one of the world’s leading premium golf brands, synonymous with intricate craftsmanship, dedication to performance excellence and exceptional product quality. Its renowned ‘Made in Japan, Sakata’ stamp is recognised by golfers around the world.

Honma Golf Teams Up With Hong Kong Open

Dating back to the same year, the Hong Kong Open is Hong Kong’s oldest professional sporting event and along with the Masters Tournament at Augusta National and the Omega European Masters at Crans-Montana, is the only professional golf tournament to have been held at the same venue for more than 55 consecutive years.

The tournament, which was won in thrilling fashion by Wade Ormsby of Australia last November, will continue to be played on the Hong Kong Golf Club’s composite Championship Course in Fanling, and will be tri-sanctioned by the European Tour, Asian Tour and the Hong Kong Golf Association.

The 2018 edition of the Honma Hong Kong Open presents both the Hong Kong Open and Honma with an opportunity to celebrate each other’s history and provide a world-class sporting spectacle for the people of Hong Kong and golf fans around the world.