Tag Archives: Sit Fung Kwong & Shum

Establishment of the Intellectual Property (IP) List in the Court of First Instance of the Hong Kong High Court

 

 

 

 

According to the 2018 Global Competitiveness Report released by the World Economic Forum, Hong Kong was ranked 9th out of 140 economies in terms of IP protection.  In accordance with the recommendations made by the Working Group on IP Trading in 2015 (of which the writer is a member), a wide range of measures were introduced to enhance Hong Kong’s role as an IP trading hub to serve overseas IP owners/users as well as those in Mainland China (rising as a major intellectual property user, buyer, provider and seller) including those on legal services and  dispute resolution.

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Firm defends doctor in Medical Council disciplinary inquiry

We successfully defended a doctor in a Medical Council disciplinary inquiry against two charges of professional misconduct.

The doctor was charged for failing to explain the nature of a box of cream to the complainant and to label the box of cream appropriately. This is remarkably the first time a doctor in Hong Kong is charged for professional misconduct in prescribing a non-medicine (the box of cream in the present case). These unprecedented charges were tested by our complex legal arguments on the application of the Code of Professional Conduct of the Medical Council to non-medicines.

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Trainee solicitors admitted by High Court as Solicitors

We are pleased to announce that our trainee solicitors, Ms. Veronica Wong and Mr. Ricky Cheung were admitted on 30 September 2017 by the High Court as Solicitors. Our Senior Partner, Mr. Peter Sit moved Veronica and Ricky for their admission. Veronica and Ricky will stay with our firm as Associates whose focus will be on Corporate, Commercial and Litigation work.

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Arbitration Amendment Ordinance 2017 gazetted

The Arbitration (Amendment) Ordinance 2017 was gazetted on 23 June 2017 http://www.gld.gov.hk/egazette/pdf/20172125/es1201721255.pdf  after the Arbitration (Amendment) Bill 2016 was passed by Hong Kong’s Legislative Council (“Legco”) on 14 June 2017.

The idea of the new law was proposed by C.K. Kwong, senior partner of Sit Fung Kwong & Shum, to the Hong Kong Government Working Group on Intellectual Property Trading which was formed to study the overall strategy for promoting Hong Kong as an IP trading hub. The Sub-Group on IP Arbitration and Mediation with Mr. Kwong appointed as Convener, looked into the strategic area of IP ADR with the view to developing Hong Kong into an IP ADR hub. Mr. Kwong delivered his draft working paper to the Working Group on Arbitrability of IPR when it was set up by the Department of Justice in May 2015.

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Sit, Fung, Kwong & Shum act for two clients

We acted for two clients in the disposal of Nos.1, 3 & 5 Pollock’s Path, The Peak. The consideration of the transaction was HK$2.8 billion. Formal agreement was entered into on 4th January 2017 and completion took place on 31st March 2017. Preceding that, we conducted a private tender on behalf of clients. The current purchaser successfully snatched the deal from other interested parties just before the close of the private tender. This is the second occasion within last two years when the firm’s property team participated in the sale of valuable land lots on the Peak. In August 2015, we assisted another client to sell No.22 Barker Road by way of a company sale to the present new owner at the reputed price of $1.5 billion.

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Sit, Fung, Kwong & Shum acts for Lau

We acted for Mr. Joseph Lau, Luen-hung in the distribution of all the 74.99% shares in Chinese Estates Holdings Limited indirectly held under a discretionary trust founded by him. Chinese Estates is company listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 127) with market capitalisation of over HK$20 billion. After the distribution on 1 March 2017, Mr. Lau Ming Wai (the son of Mr. Joseph Lau) and Ms Chan Hoi Wan (the spouse of Mr. Joseph Lau), as trustee for her minor children Lau Chung-hok and Lau, Sau-wah, indirectly hold shares representing approximately 24.97% and 50.02% of the total issued share capital of Chinese Estates respectively.

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ILN Firm of the Month – Sit, Fung, Kwong & Shum – Hong Kong, China!

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The ILN is proud to announce our latest firm of the month, Sit, Fung, Kwong & Shum – Hong Kong, China!
Founded in 1981, Sit Fung Kwong & Shum has established a solid practice in litigation, conveyancing, commercial law, intellectual property, information technology and Chinese law. Local and overseas clients include leading multinational, public and private companies and professional firms.

There are four notaries public and five China-appointed attesting officers in the firm. Many of the lawyers are qualified to practise in other jurisdictions in addition to Hong Kong, including England, Australia and Singapore.

The partners believe that the success of a modern law firm depends on its ability to understand and satisfy its clients’ needs and answer them in a professional manner. In pursuit of such belief, they have insisted on a high level of accountability to their clients. Continuous training organised within and outside the firm equip their staff with up-to-date legal knowledge and regular practice reviews provide venues where practical experience is shared among members of the firm.

Through effective office management, effective deployment and structuring of human resources, application of modern information technology, meticulous business planning and budgetary financial control, they have been able to build a smooth and efficient working environment achieving optimum output for their clients’ benefits.

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Sit, Fung, Kwong & Shum represent Lifestyle International Holdings Limited

We acted for Lifestyle International Holdings Limited (stock code: 1212) and Lifestyle China Group Limited (stock code: 2136) in the spin-off and separate listing of Lifestyle China on the Main Board of The Stock Exchange of Hong Kong Limited. Lifestyle China was successfully listed on 15 July 2016 by way of introduction. The Lifestyle China group is principally engaged in the operation of department stores and supermarket business in the PRC and restaurant business.

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Sit, Fung, Kwong & SHum acting for Sun Hung Kai Properties

We are acting for Sun Hung Kai Properties in the sale of residential units in the “Ocean Wings (海天晉)” development. “Ocean Wings (海天晉) “ provides a total of 628 units in which our firm is responsible for handling around 144 of them. The project is led by our partner Ms. Margaret Choi and assisted by Ms. Angela Wong (senior associate), Mr. William Chan (associate) and a team of experienced conveyancing clerks.

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Senior Partner re-appointed by Chief Executive

Our Senior Partner Peter Sit has been re-appointed by the Chief Executive as a member of the Standing Committee on Directorate Salaries and Conditions of Service for two years, effective from 1 April 2016 to 31 March 2018. Peter Sit gladly accepted the re-appointment.

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