Stevenson, Wong & Co. presented at Bank of China (Hong Kong) Limited on cross-border security

On 19 November 2014, SW partner Mr. Eric Lui and AllBright Law Offices senior partner Mr. Du Xiao Dong delivered a joint presentation at the Kowloon West Commercial Centre of Bank of China (Hong Kong) Limited (“BOCHK”) on the topic of “Introduction to Legal Issues on Cross-border Security”. More than 50 representatives from BOCHK attended the seminar, including Mr. Chung Sin To Alex and Mr. Wong Tsz Nang Ray, both of whom are the Head of Business at BOCHK, together with six other division managers.

Mr. Lui and Mr. Du discussed with the attendees the “Foreign Exchange Administration Rules on Cross-border Security” (跨境担保外汇管理规定) promulgated by the State Administration of Foreign Exchange on 19 May 2014, highlighting the major reforms involved and the interpretations given by the authorities. They also explored legal issues and the practical implications arising from the new rules relating to offshore and onshore loan facility and security.

Please contact our Eric Lui for any enquiries or further information about this event.

Stevenson, Wong & Co. attended the Annual Cocktail Reception organised by the Law Society of Hong Kong

SW partners Mr. Eric Lui and Ms. Heidi Chui attended the Annual Cocktail Reception organised by the Law Society of Hong Kong (the “Law Society”) on 17 November 2014. The event attracted more than 430 guests, including the Honorary Chief Executive Mr. Leung Chun Ying, the Honorary Secretary for Justice Mr. Rimsky Yuen SC and Secretary for Development Mr. Chan Mo Po, Paul.

Our partners cherished the precious opportunity to meet and exchange views with fellow practitioners and distinguished guests. This annual function of the Law Society indeed provided a good setting for SW to mingle with our professional peers, and to interact with members of the Judiciary, the Legislative Council and Government officials.

Photograph of Mr. Lui (on the left) and Ms. Chui (on the right) with Secretary for Justice Mr. Yuen SC (second from right) and Ms. Bonita Chan (second from left), Chairlady of the Member Benefit Committee of The Law Society of Hong Kong, taken at the event:

Please contact our Mr. Eric Lui and Ms. Heidi Chui for any enquiries or further information about this event.

Stevenson, Wong & Co. attended “Cosmoprof Asia 2014”

On 14 November 2014, SW legal executives Mr. Stanley Hung and Mr. Man Wong attended the 19th “Cosmoprof Asia 2014”, the industry’s leading B2B beauty event in Asia, held at the Hong Kong Convention and Exhibition Centre upon the invitation of our client, Choi Fung Hong Co., Ltd.

The event organisers hosted more than 2,350 exhibitors from 42 countries and regions including 22 national and group pavilions, exhibiting products of cosmetics, skincare, nail, hair and personal care. The event attracted close to 60,000 visitors from all over the world. China, Korea, Taiwan, Thailand and Japan were the top 5 Asian sources of visitors outside of Hong Kong. International attendees accounted for 64% of the total attendance with 38,059 visitors from 93 non-Asian countries. The strong international turnout was underlined by the big increase in representation from the USA and European countries such as Belgium, Denmark, Hungary and Sweden – together with emerging countries such as Indonesia, Myanmar, South Africa and Turkey.

Established in 1995, Choi Fung Hong Co., Ltd. is a large regional manufacturer and distributer for personal skin care and cosmetics products in Hong Kong. It has established famous brands such as Joseristine and JimmBENNY.

Please contact our Eric Lui for any enquiries or further information about this event.

(Source: http://www.cosmoprof-asia.com/en-us/PRESS-ROOM/Press-Release)

Stevenson, Wong & Co. attended PRC Arbitration Practice Seminars for Hong Kong Legal Professionals in Shanghai

SW partner Ms. Heidi Chui attended the “PRC Arbitration Practice Studies for Hong Kong Legal Professionals” organized by, inter alia, the East China University of Political Science and Law from 13 to 15 November 2014 in Shanghai, China.

Ms. Chui, together with more than twenty other legal professionals from Hong Kong, participated in the 3-day seminar focusing on the practice of arbitration in Mainland China. Eminent scholars and experts in PRC Arbitration law and practice shared their insights on new development in arbitration laws in Mainland China, including the innovative legal framework, finance and investment facilitation measures and diversified arrangements for dispute resolution in the China (Shanghai) Pilot Free Trade Zone (“the Shanghai Free Trade Zone”).

Ms. Chui also visited the Shanghai International Arbitration Center (“SHIAC”) and exchanged views on the latest trends in the Shanghai Free Trade Zone with Mr. Xu Chuan, Presiding and Senior Judge of the Higher People’s Court of Shanghai Municipality, Mr. Wen Wanli, the Vice Chairman and Secretary-General of SHIAC and lawyers and arbitrators from both Hong Kong and Mainland China.

Please contact our Heidi Chui for any enquiries or further information about this event.

Stevenson, Wong & Co. sponsored scholarship to law students of City University of Hong Kong

Since 2010, we have been donating an annual prize, “Stevenson, Wong & Co. Fellowship”, to students of the Postgraduate Certificate in Laws (“PCLL”) programme in the School of Law of the City University of Hong Kong (“City University”).

The fellowship awarded annually to one PCLL student of City University who was previously a full-time student of the Bachelor of Laws with Honours (“LLB”) in the School of Law of the City University and achieved the highest mark in the course “4627 Economic Law of China” as part of his/her LLB degree completed immediately prior to entering the PCLL programme.

Publication of The Hong Kong Encyclopaedia of Forms and Precedents – Insurance Volume

The Insurance Volume of The Hong Kong Encyclopaedia of Forms and Precedents, co-authored by SW’s three experienced insurance practitioners Mr. Neville Watkins and Ms. Heidi Chui, partners, and Mr. Angus Forsyth, senior consultant, has been published.

This volume contains a detailed commentary on Hong Kong insurance law, which provides an informative read with a hard pragmatic edge.  It is designed to assist legal practitioners by providing a basic guide through the complex structure of rules, codes and practice directions requiring observance in implementing the self-regulation of the insurance industry in Hong Kong.

The Commentary sets out and distinguishes between the major players in the insurance industry under self-regulation as separately defined in and provided for under the Insurance Companies Ordinance (Cap. 41) between insurers (including reinsurers) and the intermediaries which comprise brokers and agents.  It further explains and, by reference to decided Hong Kong cases and UK cases which are of persuasive authority, sets out the various necessary principles of insurance law giving useful definitions.

The Commentary is linked by cross-references to the Forms and Precedents, which include a useful glossary giving the meanings of technical terms and acronyms widely used in the insurance industry.

Please contact our Neville Watkins, Heidi Chui and  Angus Forsyth for any enquiries or further information about this publication.