Articles of Association Deadlock
(50/50) (Hong Kong)

Summary

This template Articles of Association Deadlock (50/50) (Hong Kong) may be used by a private "deadlock" or 50/50 joint venture company. This template includes practical guidance and drafting notes. For more information, see Joint Venture Documentation (Hong Kong) and Joint Venture Agreement Deadlock 50/50 Clause (Hong Kong). This template assumes that: o there are two corporate shareholders who will own equal numbers of shares in the company; o the company has two classes of shares (A ordinary shares and B ordinary shares) issued fully paid; and o the company has been incorporated on or after March 3, 2014 under the Companies Ordinance (Cap 622) (CO) and has unrestricted objects.