Themed “Developing Global Business in Hong Kong from the Legal Perspective”, a networking luncheon jointly organised by the Law Society and the Hong Kong Economic and Trade Office (Tokyo) was held on 26 April 2024 in Tokyo, Japan, to showcase Hong Kong’s advantages as a global business partner and the strategic role of Hong Kong’s legal system and services in the international business framework.
In her welcome remarks, Miss Winsome Au, Principal Hong Kong Economic and Trade Representative (Tokyo), highlighted Hong Kong’s internationally recognised legal system, which is renowned for its transparency, robustness and reliability, which are critical in maintaining a stable and prosperous environment for business. Meanwhile, President C. M. Chan underscored the city’s legal strengths and the rich pool of legal talent in his welcome remarks. Being the only common law jurisdiction within China, Hong Kong has a tried and trusted legal system which has always been a cornerstone of the city’s success. Combined with its cultural familiarity with the Mainland, Hong Kong’s terrific geographical advantage and world-class financial system position itself as a “super-connector” and “super value-adder”, bridging the Greater China and international markets.
Echoing Miss Au and Mr Chan, Mr Huen Wong, Past President of the Law Society and the Inter-Pacific Bar Association, reiterated Hong Kong’s distinguishing advantages in his keynote speech. Using arbitration services as an example, he highlighted Hong Kong as a desirable seat for arbitration, particularly for international and cross-border commercial disputes. Mr Wong also shed light on Article 23 of the Basic Law by providing factual account of the legislation and assuring that Hong Kong’s strengths as an international financial and legal service hub remain unchanged.
During the luncheon, Mr Chan and Mr Wong explained to the participants Hong Kong’s status as a leading international legal and financial hub and a gateway to the Mainland for doing international businesses.
The event was attended by around 40 participants from various sectors from Japan and Hong Kong, including legal, finance, IT, logistics, trading and more.