Global Law Experts Logo

Find a Global Law Expert

Specialism
Country
Practice Area

Awards

Since 2010, the Global Law Experts annual awards have been celebrating excellence, innovation and performance across the legal communities from around the world.

ESG series – ESG-related disclosures required from listed companies: a comparison between Hong Kong and the United Kingdom

posted 3 years ago

By Rossana Chu, Jacky Chan:

With the COP26 Climate Change Conference dominating the headlines, there is rising attention to environment, social and governance (“ESG”) issues, in particular climate change. The financial sector has an important role in the transition to a more sustainable future, and disclosure provides the bedrock in the pursuit of a more sustainable economy. As a result, there has been growing demand for useful climate-related financial information to be made by listed companies. In this article, we will discuss the latest development in ESG reporting in Hong Kong and the UK.

Financial Stability Board and its Task Force on Climate-Related Financial Disclosures

The Financial Stability Board (“FSB”) is an international body that monitors and makes recommendations about the global financial system. Its membership includes most international financial centres such as Mainland China, Hong Kong, Brazil, Canada, France, Germany, India, Japan, Korea, Russia, Singapore, South Africa, the UK and the US, as well as international organizations like the International Monetary Fund, the World Bank, the International Organization of Securities Commissions and the International Accounting Standards Board.

FSB established the Task Force on Climate-Related Financial Disclosures (“TCFD”) to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions. A stronger concern over the financial system’s exposures to climate-related risks will encourage companies to incorporate climate-related risks and opportunities into their risk management and strategic planning processes. As this occurs, investments will be channelled to sustainable and resilient solutions, opportunities, and business models.

TCFD’s 2017 recommendations

In 2017, the TCFD released its recommendations (“TCFD Recommendations”) on climate-related financial disclosures in four areas that represent core elements of how companies operate:

  1. Governance – the company’s governance around climate-related risks and opportunities
  2. Strategy – the actual and potential impacts of climate-related risks and opportunities on the company’s businesses, strategy, and financial planning where such information is material
  3. Risk Management – how the company identifies, assesses, and manages climate-related risks
  4. Metrics and Targets – the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material

Hong Kong’s ESG Reporting Guide under the Listing Rules

In Hong Kong, the ESG reporting obligations applicable to listed companies were updated to incorporate the elements of the TCFD Recommendations, and the latest requirements took effect for financial years beginning on or after 1 July 2020. Listed companies are required to make disclosures in annual ESG reports on ESG aspects, including but not limited to climate-related issues. The Hong Kong Stock Exchange has provided an ESG Reporting Guide[1] in the Listing Rules to assist corporations to map their disclosures.

It is essential to disclose (i) the board’s oversight of ESG issues, (ii) the management approach and strategy, including the process used to evaluate, prioritise and manage material ESG-related issues (including risks to the company’s business), and (iii) how the board reviews progress made against ESG-related goals and targets with an explanation of how they relate to the company’s businesses.

The other subject areas covered in the ESG Reporting Guide are “comply or explain” provisions. Each listed company is to make disclosure or explain why a disclosure is not made. While this approach allows flexibility to report on those aspects that are relevant to the company’s business, it helps ensure that the company will address each of the aspects while preparing the ESG report.  The reporting areas include emissions, use of resources, environment and natural resources, employment and labour practices such as health and safety, operating practices including supply chain management and anti-corruption, and community engagement. Notably, there is a specific aspect of climate change as well as some key performance indicators on how significant climate-related issues have impacted or may impact the company and the actions taken to manage such issues.

Non-compliance with the ESG Reporting Guide constitutes a breach of the Listing Rules, which may result in investigations or regulatory responses such as disciplinary actions or issuance of warning or caution letters by the Stock Exchange, depending on the facts and circumstances.

“Guidance on Climate Disclosures” published by the Hong Kong Exchanges and Clearing Limited

The Hong Kong Exchanges and Clearing Limited published a “Guidance on Climate Disclosures” [2] on 5 November 2021 to provide practical guidance to assist listed companies in complying with the TCFD Recommendations and fulfilling the mandatory reporting requirements under the ESG Reporting Guide. The Guidance targets companies that are yet to develop substantive in-house expertise on climate-related issues and seeks to mitigate the challenges faced by most companies in relation to these issues.

Disclosure obligations by fund managers in Hong Kong

The Securities and Futures Commission of Hong Kong (“SFC”) issued a circular on 29 June 2021[3]  to set out its expectations on SFC-authorized unit trusts and mutual funds which incorporate ESG, climate change and/or sustainability factors (“ESG factors”) as their key investment focus (“ESG Funds”) with a view to improve their comparability, transparency, and visibility. The circular will become effective from 1 January 2022 and re-define ESG Funds and their disclosure and reporting obligations. An ESG Fund must disclose in its offering document information regarding (i) its ESG focus, (ii) its ESG investment strategy, (iii) its expected or minimum proportion of ESG investment in terms of net asset value, (iv) any reference benchmark, and (v) related risks and limitations. The ESG Fund should also conduct periodic assessment of the attainment of its ESG focus at least annually and disclose the result of such assessment to its investors through appropriate means, for example in its annual report. The disclosure should cover how it has attained its ESG focus during the assessment period, the basis of the assessment performed (including any estimations and limitations), and comparison between the current and at least the previous assessment period.

As another initiative, the SFC announced in August 2021 that the Fund Manager Code of Conduct will be amended to require fund managers managing collective investment schemes (“CIS”) to (i) take climate-related risks into consideration in their investment and risk management processes and (ii) make appropriate disclosures. The requirements cover four key elements, namely governance, investment management, risk management and disclosure. Baseline requirements are to be complied with by all those managing CIS, while enhanced standards only apply to fund managers with CIS under management which equal or exceed HK$8 billion (approximately US$1 billion) in fund assets for any three months in the previous reporting year. [4]

The SFC stresses that it will keep abreast of the development of local and international regulations and standards in this area and will refine its requirements and provide further guidance when necessary.

The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2021 of the UK (the “Regulations”)

In the UK, currently only listed companies are required to make climate-related disclosure in their annual reports. The Financial Conduct Authority (“FCA”) made it compulsory for listed UK companies (companies with a premium listing, and companies with a standard listing for financial years beginning on or after 1 January 2022) to disclose on a “comply or explain” basis against the TCFD Recommendations.

On 29 October 2021, the UK announced that the Regulations has been laid before the Houses of Parliament. The proposals contained would amend the Companies Act 2006 and require many of the largest UK companies (including both listed companies and large private companies with more than 500 employees) to disclose climate-related financial information in the non-financial information statement portion of their strategic reports that will be publicly available and accessible to investors and the general public. If passed into law, the Regulations will be effective from 6 April 2022 and companies subject to them will need to comply with the new reporting requirements for accounting periods starting on or after this date.

Although the exact content required is not clear, the Department for Business, Energy and Industrial Strategy of the UK has stated that it intends to release more comprehensive guidance before the end of 2021 to assist companies in preparing to implement the Regulations. Further, some useful publications on making disclosures in accordance with the TCFD Recommendations which companies can draw reference to when preparing ahead for the regime have been published, including the London Stock Exchange’s guidance [5] for London-listed companies regarding climate reporting best practices and implementation of the TCFD Recommendations. In line with such recommendations, the following disclosures are likely to be required[6] :

  • Description of the board’s oversight of and the management’s role in assessing and managing climate-related risks and opportunities;
  • Description of the climate-related risks and opportunities that have been identified over the short, medium, and long term, and the impact of the mentioned risks and opportunities on the organisation’s businesses, strategy, and financial planning;
  • Description of the resilience of the organisation’s strategy, taking into consideration the different climate-related scenarios, including a 2°C or lower scenario;
  • Description of the organisation’s processes for identifying and assessing climate-related risks; and
  • Disclosure of the metrics used by the organisation to assess climate-related risks and opportunities in line with its strategy and risk management process.

The new requirements will ensure that the larger corporations consider the risks that they face as a result of climate change and encourage them to set out plans or goals on sustainability and emission reduction. This helps both investors and businesses to better understand the financial impacts of their exposure to climate change, and supports the greening of the UK economy. Through the Regulations, the UK is committed to become the first country in the world to make TCFD-aligned disclosures fully mandatory by 2025, with most requirements in place by 2023, going beyond the “comply or explain” approach.

A comparison in ESG disclosure approaches between Hong Kong and UK

The UK has various existing regulations in place covering ESG aspects that companies must comply with, including the UK Corporate Governance Code, the Climate Change Act, the Modern Slavery Act, the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018, etc. In addition, the FCA published a consultation regarding ESG disclosures by asset managers on 3 November 2021[7]  that will be open until 7 January 2022, seeking feedback on potential approaches on sustainability disclosure requirements for asset managers and FCA-regulated asset owners.

In respect of ESG disclosures, Hong Kong so far has been focusing on listed companies and certain funds and fund managers. This is probably due to the high proportion of small-medium-sized businesses and their wish to maintain privacy of their performance in financial and other aspects, e.g. private limited companies incorporated in Hong Kong are generally not required to make their audited financial statements available to the public. However, there is an increasing call for the large private companies to tell the public more about their ESG strategies and efforts, especially those in the energy generating or high energy consumption industries.

The Green and Sustainable Finance Cross-Agency Steering Group co-chaired by the Hong Kong Monetary Authority and the SFC announced in December 2020[8]  that it was taking steps to require financial institutions (including banks, asset managers, insurance companies and pension trustees) to enhance climate-related disclosures in line with TCFD Recommendations no later than 2025.

Takeaways

ESG’s importance is increasingly evident as regulators of different jurisdictions and international organizations start rolling out new ESG disclosure requirements for corporates and financial institutions.  We expect that ESG regulations will continue to grow in scope in the coming years. On the other hand, more guidance or even standards will be issued to help overcome issues of disclosure consistency, data relevance and quality and greenwashing attempts.

ESG should be a clear standing item on the board agenda, and companies should be aware of the increasing disclosure standards, heightened regulatory scrutiny and, more importantly, the appeal for making investments in green projects and emission reduction initiatives.

The author would like to thank Ms. Nicole Chan (trainee solicitor) for her contribution in this article.

____________________________

[1] Appendix 27 of the Main Board Listing Rules and Appendix 20 of the GEM Listing Rules.

[2] https://www.hkex.com.hk/-/media/HKEX-Market/Listing/Rules-and-Guidance/Environmental-Social-and-Governance/Exchanges-guidance-materials-on-ESG/guidance_climate_disclosures.pdf?la=en

[3] https://apps.sfc.hk/edistributionWeb/api/circular/openFile?lang=EN&refNo=21EC27

[4] https://apps.sfc.hk/edistributionWeb/api/circular/openFile?lang=EN&refNo=21EC31

[5] https://docs.londonstockexchange.com/sites/default/files/documents/LSE_guide_to_climate_reporting_final_0.pdf

[6] https://assets.bbhub.io/company/sites/60/2021/07/2021-TCFD-Implementing_Guidance.pdf

[7] https://www.fca.org.uk/publications/discussion-papers/dp21-4-sustainability-disclosure-requirements-investment-labels

[8] https://www.hkma.gov.hk/eng/news-and-media/press-releases/2020/12/20201217-4/

 

Download (pdf)

Note: This material has been prepared for general information purposes only and is not intended to be relied upon as professional advice for any cases. Should you need further information or legal advice, please contact us.

Author

Find the right Legal Expert for your business

The premier guide to leading legal professionals throughout the world

Specialism
Country
Practice Area
LAWYERS RECOGNIZED
0
EVALUATIONS OF LAWYERS BY THEIR PEERS
0 m+
PRACTICE AREAS
0
COUNTRIES AROUND THE WORLD
0

Join

who are already getting the benefits
0

Sign up for the latest advisor briefings and news within Global Advisory Experts’ community, as well as a whole host of features, editorial and conference updates direct to your email inbox.

Naturally you can unsubscribe at any time.

Online Casino Reviews

  • Freeroll Poker Tournaments For Real Money
  • Australian Online Casino Real Money
  • Best Slot App To Win Real Money
  • Online Casino Real Money Australia
  • Best Paying Online Pokies
  • Wizard Of Oz Online Slots
  • All Slots Casino Mobile
  • Best Online Poker App Real Money
  • Best Online Casino To Play Roulette
  • Is Online Casino Legal
  • Online Casino That Accepts Paypal
  • Play Roulette For Real Money
  • Slot Apps To Win Real Money
  • Real Money Slots Online Usa
  • Safe Online Casino
  • Wizard Of Oz Slots
  • Real Online Pokies Nz
  • Biggest Online Casino In The World
  • Online Casino Pay With Paypal
  • Online Casino That Accept Paypal
  • Online Casino Canada Real Money
  • 3 Card Poker Online Real Money
  • Online Slots Real Money Canada
  • Best Online Poker Sites For Real Money
  • Real Money Poker App Android Usa
  • How To Make Money From Online Casino Bonuses
  • Real Money Poker App Iphone
  • How To Play Blackjack Online For Real Money
  • Best Slots To Play
  • Top 10 Online Pokies
  • Best Poker Apps Real Money
  • Online Casino Legal
  • Best Payout Online Casino Uk
  • Win Money Online Slots
  • Online Poker Nj Real Money
  • How To Win Online Slots
  • Casino Gaming License
  • Play Real Pokies Online
  • Blackjack Sites For Real Money
  • Real Money Casino Games For Android
  • Best New Online Slots
  • Flaming 777 Slots Games
  • Online Blackjack With Live Dealers
  • How To Play Online Slots
  • Facebook Casino Games Real Money
  • Online Casino With No Minimum Deposit
  • How To Beat Online Slots
  • Online Casino License
  • The Big Payback Slots
  • Royal Vegas Online Casino Withdrawal
  • Online Casino Minimum Deposit 5
  • Online Pokies Real Money Australia
  • Las Vegas Usa Online Casino
  • Real Money Poker App Android
  • Wheel Of Fortune Slots
  • Game Of Thrones Slots
  • Online Poker Real Money Usa Legal
  • Best Online Casino European Roulette
  • Blackjack Online Real Money Paypal
  • Online Video Poker Real Money Usa
  • How To Create An Online Casino
  • Lucky Nugget Online Casino Mobile
  • How To Withdraw Money From Online Casino
  • Platinum Play Online Casino Download
  • Online Casino For Usa Players
  • Best Online Casino Usa Real Money
  • Online Roulette Real Money Usa
  • Best Real Money Poker Sites
  • Android Slots Real Money
  • How To Start An Online Casino Business
  • How To Start An Online Casino
  • How To Start An Online Gambling Site
  • Best Online Casino For Blackjack
  • Play Baccarat Online For Money
  • Online Pokies New Zealand
  • Best Slots To Play At Golden Nugget
  • Slots Of Vegas Online Casino
  • Best Online Pokies Site
  • How To Beat Online Roulette
  • New Zealand Online Pokies
  • Online Poker Mobile Real Money
  • Which Online Slots Payout The Most
  • Is Online Casino Legal In India
  • Online Casino Software For Sale
  • Best Online Casino For Craps
  • Hard Rock Casino Slots
  • Win Real Money Online Pokies
  • Online Casino With Highest Payout Percentage
  • Poker Apps With Real Money
  • Online Roulette Real Money Review
  • Full Tilt Poker Real Money
  • Online Casino 5 Dollar Minimum Deposit
  • Online Roulette With Real Money
  • Best Online Roulette For Real Money
  • I Migliori Casino Online Italiani
  • Best Payout Online Slots
  • How To Play Baccarat Online
  • Play Casino Card Game Online
  • Play Blackjack Online For Real Money
  • Best Paying Online Slots
  • Casino License Cost
  • Online Poker Real Money California
  • Safe Online Casino Australia
  • Online Roulette Australia Real Money
  • Online Poker Real Money Texas
  • Online Roulette Real Money Paypal
  • Online Slots Australia Real Money
  • Golden Nugget Online Casino Review
  • Casino Games To Win Real Money
  • Online Pokies Australia Real Money
  • Online Gambling Blackjack Real Money
  • Win Real Money Playing Slots
  • How To Win Roulette Online
  • Aristocrat Pokies Online Real Money
  • Hollywood Casino Online Slots
  • Play Online Keno For Real Money
  • What's The Best Online Casino
  • Triple Double Diamond Slots
  • Play Roulette Online With Real Money
  • Roulette Online For Real Money
  • Play Roulette Online Real Money
  • Best Online Pokies Real Money
  • Big Red Pokies Online
  • How To Win At Online Blackjack
  • What Is The Best Online Roulette Site
  • Real Money Online Pokies
  • Spin To Win Slots
  • Ruby Slots Online Casino
  • Wheel Of Fortune Online Casino
  • Spin Palace Flash Casino Online
  • Online Poker Real Money App
  • Online Casino With Paypal Deposit
  • How To Win At Online Roulette
  • Can You Win Real Money On Slot Apps
  • Is Ignition Casino Safe
  • Online Casino Blackjack Real Money
  • Online Casino Win Real Money Usa
  • How To Make Money Online Casino
  • Online Casino Real Money Reviews
  • Slot Games To Win Real Money
  • Jackpot City Online Casino Download
  • Online Pokies Real Money
  • Casino War Online Real Money
  • Online Casino No Minimum Deposit
  • Play Wheel Of Fortune Slots Online
  • Best Online Casino Game To Win Money
  • Online Casino Without Wagering Requirements
  • Online Slots For Real Money Usa
  • Legal Online Casino Australia
  • How Do Online Slots Work
  • Best Online Casino For Us Players
  • Online Play Casino Roulette Game
  • Online Blackjack Real Money Australia
  • Real Casino Games Real Money Online
  • Online Slot Machines Real Money Paypal
  • The Best Online Casino For Roulette
  • What Online Casino Pays Out The Most
  • Start Your Own Online Casino
  • Legal Online Casino
  • Online Live Roulette Casino Game
  • Playing Blackjack Online For Real Money
  • Online Penny Slots Real Money
  • Best Online Blackjack For Money
  • How To Win Online Roulette
  • Real Money Poker Sites Usa
  • Best Time To Play Slots
  • Online Keno For Real Money
  • Best Payout Online Slots Uk
  • Online Slots Real Money Reviews
  • Best Online Pokies Nz
  • What States Allow Online Gambling
  • Best Real Money Poker App
  • Online Slots To Win Real Money
  • Real Money Slots App Iphone
  • Jackpot City Flash Casino Online
  • Ignition Casino Legit
  • All Star Slots Casino
  • How To Play Online Casino
  • Real Time Gaming Slots
  • Online Video Poker Real Money
  • How To Play Roulette Online For Money
  • How To Win On Online Slots
  • Age Of Gods Slots
  • Online Real Casino Money Games
  • Best Online Slots To Play
  • Online Poker California Real Money
  • Is Jackpot City Casino Legit
  • How To Win At Online Slots
  • Play Poker For Real Money
  • Safe Online Pokies Australia
  • Best Way To Play Slots
  • How To Play Casino Online
  • Play Online Roulette For Money
  • Online Casino Australia Real Money
  • Which States Allow Online Gambling
  • Play Keno Online Real Money
  • How To Win Online Blackjack
  • Online Blackjack With Real Dealers
  • How To Open Online Casino
  • What Are The Best Online Slots To Play
  • Big Win Casino Slots
  • Spin Palace Online Casino Australia
  • Best Slots To Win On
  • Casino Slots Win Real Money
  • Slots Magic Online Casino
  • Blackjack Online For Real Money
  • Slot Machine App Win Real Money
  • Online Casino Not Paying Out
  • Slots That Pay Out Real Money
  • Online Pokies Australia Reviews
  • Online Casino Minimum Deposit 1
  • Jackpot City Online Casino Review
  • Live Dealer Baccarat Online Casino
  • Online Casino Apps For Android
  • Online Casino Paypal Deposit Australia
  • Online Casino With Live Dealer
  • How To Play Blackjack Online
  • Slots To Win Real Money
  • Wheel Of Fortune Online Slots
  • Play Quick Hit Slots Online
  • Can You Count Cards In Online Blackjack
  • Palace Of Chance Online Casino
  • How To Play Roulette Online
  • Good Slots To Play
  • Which Online Casino Pays Out The Most
  • Heart Of Vegas Casino Slots
  • Best Online Casino For Canadians
  • Australian Online Pokies Real Money
  • Mohegan Sun Online Casino Nj
  • Online Casino Live Games Best Uk
  • Best Online Casino Australia Reviews
  • Play Pokies Online Real Money
  • Best Online Casino For Usa Players
  • How To Win Online Casino
  • Play Blackjack For Real Money
  • Best Slots On Bovada
  • Online Keno Real Money Usa
  • Online Slots Real Money Paypal
  • Best Poker Sites For Real Money
  • Safe Casino Sites
  • The Best Online Slots
  • Play Keno For Real Money
  • Real Online Pokies Australia
  • Queen Of The Nile Slots
  • Mummys Gold Casino Online Casino
  • Play Keno Online For Real Money
  • Best Poker Websites Real Money
  • Lucky Nugget Online Casino Download
  • Best Online Casino For Roulette
  • Play Roulette For Money Online
  • Video Slots Mobile Casino
  • Best Time To Play Online Slots
  • Best Real Money Online Poker
  • Play Blackjack Online With Friends
  • Play Baccarat Online For Real Money
  • Is Silver Oak Casino Legit
  • Big Fish Casino Real Money
  • Can You Win Real Money On Caesars Slots
  • Game Of Thrones Slots Casino
  • Best Online Slots Payout Percentage
  • Play Online Pokies For Real Money
  • Play Pokies Online Australia
  • High 5 Casino Real Slots
  • The Best Online Pokies
  • Online Pokies That Accept Paypal
  • Heart Of Vegas Slots
  • How To Play Online Roulette
  • Best Poker App Real Money
  • Best Online Casino Fast Payout
  • Best Slots At Wind Creek Casino
  • Online Casino 10 Minimum Deposit
  • Play Roulette Online For Money
  • Us Real Money Poker Sites
  • How To Win In Online Casino
  • Best Online Pokies Australia Review
  • Where To Play Roulette Online For Real Money
  • How To Beat Online Casino Slot Machines
  • Highest Payout Online Slots
  • Best Paying Online Casino Slots
  • Golden Tiger Online Casino Review
  • Online Casino With Live Dealers
  • Play Roulette Online For Real Money
  • Best Slots To Play At Casino
  • Slot Machine Games Win Real Money
  • Most Popular Online Casino Games
  • Casino Slots App Real Money
  • Online Casino Real Money Canada
  • Online Real Money Pokies
  • Online Roulette Game Real Money
  • Online Casino Roulette Real Money
  • Best Place To Play Roulette Online
  • Online Casino Book Of Ra Paypal
  • Online Blackjack With Real Money
  • Play Online Blackjack For Real Money
  • Is There A Slot Machine App For Real Money
  • Royal Vegas Online Casino App
  • Best Casino Slots To Play
  • Most Popular Online Slots
  • Best Way To Win At Slots
  • Slots You Can Win Real Money
  • Play Roulette Online Real Money Usa
  • Online Casino Real Money Paypal
  • Online Casino Australia Legal
  • Treasures Of Troy Slots
  • Online Casino For Us Players
  • Where Can I Play Blackjack Online For Real Money
  • Online Casino Paypal Book Of Ra
  • Online Roulette For Real Money
  • Best Online Blackjack Real Money
  • Poker App For Real Money
  • Jackpot Magic Slots Facebook
  • Best Online Casino Real Money Usa
  • Best Online Casino New Zealand
  • The Four Kings Casino And Slots
  • How To Play Slots Online
  • Best Online Pokies Australia
  • Usa Online Slots Real Money
  • Real Money Casino Android App
  • Online Slot Machines That Pay Real Money
  • Online Pokies Real Money Nz
  • Online Pokies Real Money App
  • Play Igt Slots Online
  • Best Casino Slots To Win Money
  • Online Casino Business For Sale
  • Play N Go Slots
  • Poker Apps For Real Money
  • Lucky Slots Real Money
  • All Slots Online Casino
  • Best Online Pokies Real Money Australia
  • Online Pokies Win Real Money
  • Best Online Casinos For Roulette
  • Pay Slots For Real Money
  • Best Online Poker Real Money
  • Slots App Win Real Money
  • Play Online Roulette For Real Money
  • Is Ignition Casino Legit
  • Wheel Of Fortune Slots Online
  • Lotsa Slots Real Money
  • Video Poker Online Real Money
  • Online Slots Usa Real Money
  • Play Blackjack Online Real Money
  • Jackpot City Online Pokies
  • Video Slots Online Casino
  • Is 888 Casino Legit
  • Online Slot Games That Pay Real Money
  • Prepaid Visa Card Online Casino
  • How To Stop Online Gambling
  • Best Slots To Play Online
  • Online Blackjack For Real Money
  • Slot Apps For Real Money
  • Mobile Slots Win Real Money
  • Newsletter Sign Up

    About Us

    Global Advisory Experts is dedicated to providing exceptional advisory services to clients around the world. With a vast network of highly skilled and experienced lawyers, we are committed to delivering innovative and tailored solutions to meet the diverse needs of our clients in various jurisdictions.

    Contact Us

    Stay Informed

    Join Mailing List

    GAE