The Biden administration issued an advisory on Friday, warning businesses operating in Hong Kong of escalating legal and regulatory risks. This comes amidst the implementation of Article 23 security legislation by China in March, which the US suggests could lead to potential legal pitfalls including the violation of US sanctions. The advisory, which underscores potential threats to human rights protections, indicates that routine business activities such as lobbying, market analysis, or media engagement might now be subject to prosecution under the new legislation.
For more details, please refer to the full article on Bloomberg Law.