At the new Hong Kong Economic and Trade Office (HKETO) in Berlin, a delegation headed by the President of the Law Society of Hong Kong, Huen Wong, promoted Hong Kong as an international legal platform for doing, in particular, cross-border business and investment deals in China and Asia.
In his welcoming remarks, the Director of HKETO in Berlin, Stephen Wong, said: "The service sector is the driving force of the Hong Kong economy, making up over 90% of its gross domestic product (GDP). Professional services, including legal services, are one of the key industries of Hong Kong, making up 11.9% of GDP. Now when you do business in China, you will need to bring along lawyers, particularly those from Hong Kong because of their world class professional services.”
In his presentation, Huen Wong pointed out that: "Hong Kong, as an international arbitration and dispute resolution centre, has established regimes under Hong Kong laws to protect business' rights in case of cross-border disputes.”
Huen Wong, in a later interview, expressed his opinion that: "Hong Kong has an effective and fair judicial system, which is a source of confidence and protection to investors to do business in China." In respect to the close proximity to mainland China, Huen Wong added: "Hong Kong has a pool of multi-jurisdictional legal talents who have diverse experience in handling cross-border transactions involving international clients and the Mainland parties."
Hong Kong, it was said, possesses many qualified lawyers with a wide range of experience in providing legal services in fund raising, corporate finance, securities, banking, international trade and related cross-border transactions. Hong Kong is also a regional centre of dispute resolution.
Hong Kong is the largest offshore renminbi (RMB) settlement centre in the world, benefiting from its close proximity to Mainland China. Lawyers practising in Hong Kong have substantial experience in handling international trade settlements in RMB transacted between Hong Kong and designated Chinese cities on the Mainland. Their knowledge of the Mainland China market and its regulatory framework facilitates cross-border transactions involving international clients and Mainland counterparties.
In his welcoming remarks, the Director of HKETO in Berlin, Stephen Wong, said: "The service sector is the driving force of the Hong Kong economy, making up over 90% of its gross domestic product (GDP). Professional services, including legal services, are one of the key industries of Hong Kong, making up 11.9% of GDP. Now when you do business in China, you will need to bring along lawyers, particularly those from Hong Kong because of their world class professional services.”
In his presentation, Huen Wong pointed out that: "Hong Kong, as an international arbitration and dispute resolution centre, has established regimes under Hong Kong laws to protect business' rights in case of cross-border disputes.”
Huen Wong, in a later interview, expressed his opinion that: "Hong Kong has an effective and fair judicial system, which is a source of confidence and protection to investors to do business in China." In respect to the close proximity to mainland China, Huen Wong added: "Hong Kong has a pool of multi-jurisdictional legal talents who have diverse experience in handling cross-border transactions involving international clients and the Mainland parties."
Hong Kong, it was said, possesses many qualified lawyers with a wide range of experience in providing legal services in fund raising, corporate finance, securities, banking, international trade and related cross-border transactions. Hong Kong is also a regional centre of dispute resolution.
Hong Kong is the largest offshore renminbi (RMB) settlement centre in the world, benefiting from its close proximity to Mainland China. Lawyers practising in Hong Kong have substantial experience in handling international trade settlements in RMB transacted between Hong Kong and designated Chinese cities on the Mainland. Their knowledge of the Mainland China market and its regulatory framework facilitates cross-border transactions involving international clients and Mainland counterparties.
