Hong Kong to give green light to LLP structures next year
Law firms practising in Hong Kong could be permitted to establish limited liability partnerships (LLPs) from next year under new rules being drawn up by the Law Society of Hong Kong. A law bringing local liability regulations in line with international frameworks is expected to come into force in the next 12 months after additional legislation is approved by Hong Kong’s Legislative Council (Legco), the city’s solicitor-general Frank Poon has indicated.
International firms permitted to expand limited liability to HK
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