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Pro-democracy demonstrators carry a banner against the new national security law as they march during a protest in Hong Kong, on Wednesday, July 1, 2020. Pro-democracy demonstrators carry a banner against the new national security law as they march during a protest in Hong Kong, on July 1. Photo: Lam Yik/Bloomberg

Global lawyers and companies in Hong Kong are unsure about the city’s future as a global business hub following Beijing’s introduction of a new national security law for the city and the tough U.S. sanctions that are expected to follow.

Tuesday’s passing of the new law marked the most significant shakeup to Hong Kong’s constitution since the city’s return to Chinese rule in 1997. With local authorities already strictly enforcing the law just hours after its full text was made public, global law firms are scrambling to deal with clients’ inquiries about how the new law will affect their bottom lines—an increasingly complicated question as the United States ramps up its response.

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Vincent Chow

Vincent Chow is a reporter for Law.com International and China Law & Practice, based in Hong Kong. He writes about lawyers and legal issues in Hong Kong and China and covers the business of law, global and domestic law firms, in-house legal departments and regulatory issues. He can be reached at [email protected]

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