Hong Kong lawyers remain vexed by LLP issue as sticking points linger over reform
Hong Kong is continuing to grapple with the issue of limited liability partnerships (LLPs), with new proposals for regulatory reform discussed at a packed local Law Society meeting earlier this week (13 February). Under current regulations, Hong Kong partnerships must be isolated from global law firms’ LLPs, and the Hong Kong Department of Justice (DoJ) has long signalled its intention to bring local liability laws in line with international rules, potentially allowing worldwide integration of legal networks.
Attempts to bring HK liability laws in line with international standards stall as long-running debate continues
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