Hong Kong law firm with commercial lawyers onprofessional legal services to Hong Kong companies, commercial litigation, civil litigation, legal disputes, contract drafting, criminal lawyers representations in courts, divorce proceedings.
Yip, Tse & Tang ("YTT") is a premier law firm in Hong Kong, renowned for its extensive expertise in commercial law. Since its founding in 1994, YTT has grown significantly, now boasting a team of over 30 highly skilled lawyers and a total staff force exceeding 100. With more than 17 law offices strategically located across Hong Kong, we ensure our clients have easy and convenient access to top-notch legal services.
Our Commercial Law Office
YTT's Commercial Law Office is dedicated to addressing the comprehensive legal needs of businesses and corporations. We operate two specialized offices focused exclusively on commercial legal matters, staffed with lawyers who are experts in this field. Whether your legal issue is transactional or non-contentious, or involves disputes and litigation, our team is equipped to provide the necessary support and representation.
Our offices function collaboratively, with senior and junior lawyers teaming up to safeguard the legal rights and interests of our commercial clients. This teamwork approach ensures that our clients benefit from a blend of experience, innovation, and practical knowledge. Our legal team excels in a variety of areas, including:
Corporate and Commercial Transactions: We provide thorough legal advice and representation in all types of corporate and commercial transactions, ensuring compliance and protecting our clients' interests.
Commercial Litigations: Our lawyers are adept at handling complex commercial litigation cases, advocating effectively for our clients in court.
Investigatory Matters: We assist clients in dealing with investigations by law enforcement agencies such as the Independent Commission Against Corruption (ICAC), Commercial Crime Bureau (CCB), Customs & Excise (C&E), and the Securities and Futures Commission (SFC).
Contract Advice and Drafting: Our team offers expert advice on contract law, drafting and reviewing contracts to ensure they are robust and in the best interest of our clients.
Intellectual Property Rights: We help businesses protect their intellectual property through strategic advice and legal action, ensuring their innovations and creations are safeguarded.
At Yip, Tse & Tang, we pride ourselves on our commitment to delivering exceptional legal services tailored to the unique needs of each client. Our extensive experience, coupled with a deep understanding of commercial law, makes us the preferred choice for businesses seeking reliable and effective legal solutions.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
A Notary Public can certify identities, authenticate documents, and witness signatures to meet legal requirements in various international and domestic transactions.
2. When might I need a Notary Public to certify my identity?
As a Person: Certification of personal identity documents such as passports and citizen ID cards.
As a Company: Certification of company registration documents, such as certificates of incorporation and business registration records.
3. What types of legal requirements in international business transactions require notarization?
Notarization can be needed for a wide range of commercial transactions, including sales and purchases, to comply with legal requirements in international business.
4. Why would I need a Notary Public when buying property abroad?
When purchasing property in a foreign country, you may need notarized documents to confirm title or mortgages as required by foreign laws.
5. Can a Notary Public witness Powers of Attorney or authorizations?
Yes, a Notary Public can witness the signing of Powers of Attorney, authorizations, or agent appointments.
6. Is a Notary Public needed when setting up a business or company abroad?
Yes, notarization is often required to authenticate documents needed for establishing a business or company in a foreign country.
7. Can a Notary Public help with sponsoring relatives from abroad?
Yes, notarized documents may be required to sponsor relatives from abroad for immigration or visa purposes.
8. Do I need a Notary Public for adopting children internationally?
Yes, notarization of documents is commonly needed for international adoption processes.
9. What are other instances where I might need a Notary Public?
Travel Documentation and Work Permits: Notarized documents are often required for visas and work permits.
Legal Documents for International Use: Documents to be used in the USA, Canada, European countries, Russia, South America, Middle East, Africa, Taiwan, Macau, and other Asian regions/countries.
10. What are the fees for Notary Public services?
The fee for notary services starts at HK$900. There is no extra charge for same-day or immediate service for simple documents and witnessing requiring a notary’s attestation or signature.
11. How can I schedule an appointment for notary services?
You can call 6888-9999 and speak with Miss Law, our notary assistant, who is fluent in English and Cantonese. If Miss Law cannot be reached, please leave a voice message for a callback or complete an online enquiry form on our website.
12. How many full-time Notaries Public are available?
We have 3 full-time Notaries Public available to assist you with your notarization needs.
By providing comprehensive notary public and apostille services, Yip, Tse & Tang ensures your international and domestic transactions are legally sound and properly authenticated. For more information or to schedule a service, please contact us at your convenience.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Our lawyers represent Hong Kong and international businesses or corporations on legal aspects of various transactional matters. Whether routine legal transactions arising from daily business operations or a high stakes transaction your business is facing, we can give our legal help.
Sound and Practical Legal Advice
We provide sound and practical legal advice putting your business decisions in the right legal perspective. Our lawyers can take part in your business negotiations by offering your sensible legal advice and assistance. We also strive to provide you and your business with prompt and trusted legal advice using our legal expertise.
1. What types of businesses do your lawyers represent?
Our lawyers represent both Hong Kong and international businesses or corporations, providing legal assistance across a wide range of industries and sectors.
2. What kind of transactional matters can you help with?
We assist with various transactional matters, including routine legal transactions arising from daily business operations as well as high-stakes transactions that your business may encounter.
3. Do you handle both large and small scale commercial legal works?
Yes, we handle both large and small scale commercial legal works, ensuring that businesses of all sizes receive the legal support they need.
4. What kind of legal advice do you provide?
We provide sound and practical legal advice to help you make informed business decisions. Our advice is tailored to fit the specific legal needs of your business.
5. Can your lawyers participate in business negotiations?
Yes, our lawyers can actively participate in your business negotiations, offering sensible legal advice and assistance to ensure your interests are protected.
6. How do you ensure the legal advice is practical and useful?
Our lawyers combine legal expertise with a deep understanding of business practices to provide practical and actionable legal advice that aligns with your business objectives.
7. How quickly can you provide legal advice?
We strive to offer prompt legal advice, ensuring that you receive timely assistance to address your business needs and make informed decisions without delay.
8. What makes your legal advice trusted?
Our legal advice is based on extensive experience and expertise in commercial law. We prioritize building long-term relationships with our clients, grounded in trust and reliability.
9. Do you offer legal services for routine business operations?
Yes, we offer legal services for routine business operations, helping you navigate daily legal matters efficiently and effectively.
10. How can your legal services benefit my business?
Our legal services provide a comprehensive legal perspective on your business activities, helping you mitigate risks, comply with regulations, and seize opportunities for growth.
For more information on how our legal services can support your business, please contact Yip, Tse & Tang. We are here to provide the legal expertise and support your business needs to thrive.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Our lawyers at Yip, Tse & Tang are ready to assist you with the preparation of various types of commercial or company contracts and provide comprehensive legal advice. Below is a brief introduction to each type of contract we specialize in:
1. What is a Shareholders' Agreement?
A shareholders' agreement outlines the rights and obligations of the shareholders within a company, governing aspects such as the management of the company, the transfer of shares, and dispute resolution.
2. What are Corporate Secretarial Matters?
Corporate secretarial matters include maintaining statutory records, filing annual returns, and ensuring compliance with corporate governance standards. We provide expert guidance on fulfilling these legal requirements.
3. What is a Partnership Agreement?
A partnership agreement defines the terms of a business partnership, including the roles and responsibilities of partners, profit sharing, and procedures for resolving disputes or dissolving the partnership.
4. What is the Transfer of Business or Chattels?
This involves the legal processes required for transferring ownership of a business or its assets (chattels). We assist in drafting the necessary agreements and ensuring compliance with relevant laws.
5. What is a Director's Share Option Scheme?
A director's share option scheme provides directors with the option to purchase company shares at a predetermined price. We help design and implement these schemes to align with corporate goals and regulatory requirements.
6. What are Employment Contracts?
Employment contracts outline the terms and conditions of employment, including duties, compensation, benefits, and termination procedures. We draft clear and legally compliant employment agreements.
7. What is Corporate Restructuring?
Corporate restructuring involves reorganizing the structure of a company to improve efficiency or profitability. This can include mergers, acquisitions, or divestitures. We offer strategic advice and legal support for these processes.
8. What are Joint Ventures or Cooperation Agreements?
Joint ventures and cooperation agreements establish the terms of collaboration between two or more parties to undertake a specific business project. We ensure these agreements are well-structured and legally sound.
9. What are Buy Back Arrangements?
Buy back arrangements allow a company to repurchase its shares from shareholders. We assist in drafting the necessary agreements and navigating the legal requirements for buy backs.
10. What are Mergers & Acquisitions?
Mergers and acquisitions involve the consolidation of companies or assets through various types of financial transactions. We provide comprehensive legal services to support these complex transactions.
11. What is Corporate Rescue and Insolvency/Liquidations?
Corporate rescue involves strategies to save a financially troubled company, while insolvency and liquidations deal with the legal process of winding up a company. We offer expert guidance through these challenging situations.
12. What are Manufacturing Agreements?
Manufacturing agreements outline the terms under which a manufacturer produces goods for another company. We ensure these contracts protect your interests and comply with industry standards.
13. What are Distributorship Agreements?
Distributorship agreements establish the terms under which a distributor sells and markets a company's products. We draft agreements that clearly define the rights and responsibilities of both parties.
14. What are Franchising Agreements?
Franchising agreements allow one party to use another party's business model and brand. We assist in drafting and reviewing these agreements to ensure they are fair and enforceable.
15. What are Licensing Contracts?
Licensing contracts grant permission to use intellectual property, such as patents or trademarks. We draft and negotiate these contracts to protect your intellectual property rights.
16. What are Technology Contracts?
Technology contracts cover the development, licensing, and transfer of technology. We ensure these agreements are comprehensive and protect your technological innovations.
17. What is the Deregistration of Companies and their Re-Activation?
Deregistration involves the removal of a company from the official register, while re-activation involves reinstating a previously deregistered company. We handle the legal procedures for both processes.
18. What is Intellectual Property Rights Protection and Advancement?
We provide services to protect and advance your intellectual property rights, including trademarks, patents, and copyrights, ensuring your innovations and creations are legally safeguarded.
For further information or to instruct us on preparing these types of contracts, please contact Yip, Tse & Tang. Our team is dedicated to providing expert legal advice and support tailored to your business needs.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Civil litigation often results in significant legal costs and time. Experienced and responsible lawyers strive to avoid litigation or court proceedings by advising clients on dispute avoidance strategies.
2. How can your lawyers help in avoiding disputes?
Our litigation lawyers assist clients in studying and analyzing their cases to identify legal strengths and weaknesses, apply relevant laws, and recognize possible legal consequences, thereby helping to avoid disputes whenever possible.
3. When is litigation unavoidable?
Litigation becomes unavoidable in cases such as breach of contract, civil fraud or torts, negligence, or breach of fiduciary duty. Our experienced litigation lawyers handle these issues proficiently.
4. What is the scope of your litigation services?
Our litigation services cover a wide range of issues including breaches of contract, civil fraud, torts, negligence, and breaches of fiduciary duty. For more details, visit www.hongkonglitigation.com.
5. What are Mediation and Arbitration?
Mediation and arbitration are alternative dispute resolution (ADR) methods that serve as alternatives to traditional litigation. They help resolve legal battles outside of court. Consult our litigation lawyers for more details on these options.
6. What are contractual disputes?
Contractual disputes occur when one party breaks the terms or conditions of a contract, negatively impacting the other parties involved. Our lawyers provide legal advice and representation to protect your rights in such disputes.
7. How do you handle civil fraud cases?
Civil fraud occurs when a commercial entity makes a false representation of a material fact, causing physical or financial harm. Our commercial lawyers help clients seek adequate compensation for the harm caused by initiating civil litigation and obtaining court injunctions to freeze fraud proceeds.
8. Can civil fraud lead to criminal charges?
Yes, civil fraud often carries criminal implications. We assist clients in reporting such cases to the police, ICAC, or other law enforcement agencies to ensure proper legal action is taken.
9. What is the process for handling a breach of contract?
When a breach of contract occurs, our lawyers analyze the situation, provide legal advice on the best course of action, and represent clients in court if necessary to seek remedies and protect their interests.
10. What steps should I take if I suspect fraud?
If you suspect fraud, it is crucial to act quickly. Contact our lawyers to evaluate your case, advise on legal options, and assist in reporting the matter to the appropriate authorities.
11. How do mediation and arbitration work as alternatives to litigation?
Mediation involves a neutral third party helping the disputing parties reach a mutually acceptable solution, while arbitration involves a neutral arbitrator making a binding decision on the dispute. Both methods are generally faster and less expensive than traditional litigation.
12. What should I do if I need legal assistance with civil litigation?
If you need legal assistance with civil litigation, contact our experienced litigation lawyers who will guide you through the process, provide sound legal advice, and represent your interests effectively in court.
For further information or to schedule a consultation, please contact our team at Yip, Tse & Tang. Our experienced lawyers are dedicated to providing expert legal advice and representation tailored to your specific needs.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Lawyers of Yip, Tse & Tang can provide one with the useful legal advice and help in resolving all the issues involving legal procedures and methods. Let us know your legal problem in your business and ask our legal opinions. The main purpose of hiring us as your lawyer is to ensure that your problem is understood and appropriate legal measures are taken to resolve it. Don't waste time in pondering it. ACT NOW!
Need Of Legal Experts in Commerce/Business
All businesses need lawyers to handle their routine legal matters in commerce in a competitive and economic manner. These include drafting contracts, getting legal advice, preventing disputes and resolving disputes.
Our commercial lawyers are well equipped to make a constructive representation in accordance with the client’s goals and objectives. We are well experienced to resolve the various issues through mediation, litigation, negotiation, or arbitration. A good commercial lawyer also defends his client’s case vigorously in all types of trials and appeals.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
A contract is a legal document binding you and another party to certain obligations. This is very important on commercial transactions. Merchants rely on contracts to enforce their legal rights. Making one tiny mistake in drafting a contract could mean a lot to a business:
loss of time in disputes when time can be spent in business course
loss of money in disputing through legal proceedings
loss of reputation due to publicity of disputes
loss of customers if the dispute relates to your customers.
Before you sit down to create a contract, take some time to learn the most common mistakes business owners make when they're drafting a contract.
6 Common Mistakes on Drafting Commercial Contracts
Mistake #1: Being unprepared.
Insufficient facts, figures, and data. Insufficient understanding of costs, due dates, obligations, responsibilities
Mistake #2: Not binding as a "contract."
Contract has a legal meaning in law. If you don't put sufficient elements in it, it fails to be enforced in court.
Mistake #3: Terms too vague.
The terms and clauses are too wide or too vague to cover sufficient matters. It therefore leaves much room for disputes or arguments. Some are supplemented by oral terms which become factually arguable.
Mistake #4: Confusing wording.
Sentences are too brief or unclear. At times, wrong wordings or words are used. Terms are drafted in bad English or incomprehensible terminologies.
Mistake #5: Too hurried.
Parties rushed to sign the contracts just want to get the deal done as quickly as possible. Many terms are left opened and undecided. This results in room for disputes.
Mistake #6: Not using a lawyer.
You can prepare a draft or set out your most important terms and conditions. But you should always find a lawyer to review the final document. If you don't know a thing, you just don't know. Don't think that you are as good as a lawyer. It's better to be overly cautious now than to be sorry later. A dispute can cost 10 or even a hundred times of your legal expenses. A lawyer makes a little less but a dispute can ruin your life or cost your entire business.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Our Corporate & Commercial Legal Practice handles major aspects of business, financing, corporate structuring, acquisition and disposition of assets and shares, joint ventures and cooperation issues facing businesses.
Area of our Legal Practice
Our legal practice in this area includes the following:
Commercial agreements, including distributorship and franchising contracts, agency contracts, construction contracts, agreements for the sale, purchase or manufacture of goods, and management and consulting contracts
Corporate assets or shares purchase and disposition
Corporate organization and reorganizations
Establishment and maintenance of corporate structures using Hong Kong and offshore entities
Intellectual property matters including registration, licensing, protection and enforcement of trademark rights, patents, registered design and other intellectual property rights
Joint ventures
Labour and employment issues
Liquidation and winding-up of companies
Corporate mergers and acquisitions
Venture capital and private equity transactions
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
In Hong Kong, discretionary trusts are used by families to make long-term financial provision for sons and daughters. It is a form of "family trust". The key point about a discretionary trust is that funds or property put into the trust do not count as assets for the purposes of benefits or in terms of the responsibility of the local authority or health authority to fund care. This is because the funds put into a discretionary trust do not belong to the beneficiaries but to the trust.
Why is it called a Discretionary Trust?
This kind of trust is administered by trustees. The deeds which set up the trust give the trustees discretion as to how the funds are to be used. The intended beneficiaries have no rights to either the income or capital held in trust. To work in terms of financial planning for children an additional characteristic is usually that the trust is set up for the benefit of a group of people, not a single person. This can be a 'class' of beneficiary of whom the son or daughter is a member, for example all people with Downs Syndrome or with an Autism Spectrum Disorder.
Can I put my house into a Discretionary Trust?
Yes. Your home is an asset and can therefore be put into trust. This is commonly done through setting up a trust in the parents' will which makes provision for the property to be put into trust. There are several reasons why this may be a good idea.
First, the trustees can undertake the task of managing and maintaining the property. This is particularly important where the disabled person may lack legal capacity and therefore would be unable to manage money and to contract for the maintenance services.
Second, because the property is put into trust it does not belong to the individual and therefore cannot be subject to a legal liability owed by a beneficiary.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Entertainment law is generally sub-divided into the following areas:
DEFAMATION (LIBEL OR SLANDER) Hong Kong's defamation laws protect reputation of a person. Generally speaking, Libel means defamatory statements made on papers or a fixed media while slander is something verbal. The difference is legally important !
FILM covering option agreements, finance, chain of title issues, talent agreements (screenwriters, film directors, actors, composers, production designers), production and post production and trade union issues, distribution issues, motion picture industry negotiations distribution, and general intellectual property issues especially relating to copyright and, to a lesser extent, trademarks
MULTIMEDIA including software licensing issues, video game development and production, Information technology law, and general intellectual property issues
MUSIC including talent agreements (musicians, composers), producer agreements, and synchronization rights, music industry negotiation and general intellectual property issues, especially relating to copyright
PUBLISHING and print media issues, including advertising, models, author agreements and general intellectual property issues, especially relating to copyright
TELEVISION and RADIO including broadcast licensing and regulatory issues, mechanical licenses, and general intellectual property issues, especially relating to copyright
THEATRE: including rental agreements and co-production agreements, and other performance oriented legal issues
VISUAL ARTS AND DESIGN including fine arts, issues of consignment of artworks to art dealers, moral rights of sculptors regarding works in public places; and industrial design, issues related to the protection of graphic design elements in products.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
We provide a wide range of Intellectual Property (“IP”) and information technology legal services:
patents
trademarks
copyright
registered designs
We also give legal advice to clients on confidential information or trade confidential informtion.
We also advise information technology enterprises or clients on legal aspects of IT:
software escrow
IT contracts
domain names transfer.
We offer legal help to IP and IT owners in litigation for the enforcement of and defence of intellectual property rights of all kinds, including obtaining injunctions and other relief in Hong Kong.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
A prenuptial agreement in Hong Kong is commonly abbreviated to prenup or prenupt.
A prenuptial agreement is a contract entered into prior to marriage, civil union or any other agreement prior to the main agreement by the people intending to marry or contract with each other. In the situation of Hong Kong, we mean 'prior to marriage".
Objectives
to cut huge legal fees in disputes that can last for years
save parties from mental trauma in litigation
resolve financial issues more easily
reduce chance of personal attacks which hurt both parties
option to deal with marital relation
Content of Prenuptial Agreement
The content of a prenuptial agreement can vary widely, but commonly includes:
division of property and
spousal support in the event of divorce or breakup of marriage
terms for the forfeiture of assets as a result of divorce on the grounds of adultery
conditions of guardianship
In some countries, including the Netherlands, the prenuptial agreement not only provides for the event of a divorce, but also to protect some property during the marriage, for instance in case of a bankruptcy. Many countries, including Canada, France, Italy, and Germany, have matrimonial regimes, in addition to, or some cases, in lieu of prenuptial agreements.
Postnuptial agreements are similar to prenuptial agreements, except that they are entered into after a couple is married.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
When the husband and wife go for a divorce, what the divorce court is envisaged to consider regarding the importance of a pre-nuptial agreement may be as follows. Nevertheless, these are general rules and applicability differs when it comes before different judges. Please consult your lawyer before you make up your mind:
whether the Pre-nuptial Agreement has made full disclosure of the assets of the parties.
is the size of the assets significant? The more the assets, the more weight to be given by the court
How long the marriage has lasted? The longer the marriage, the less the weight attached by the Court. This is because with the passage of time, the family will more likely have experienced more changes in terms of family composition such as the growing up of children, the sacrifice of the married parties in the course of family commitment, illness, financial and income changes. This does not mean that a short marriage will make a pre-agreement obsolete. The key point is the post-marriage changes to the family. For instance, sudden coming of tragedy to the family out of illness or financial change due to huge investment loss or business loss.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Our conveyancing legal team stands ready to assist you in completing the title acquisition of the property you intend to purchase in Hong Kong. We have extensive experience and skill sets on dealing with purchase of houses, apartments, commercial properties such as offices and factories.
Below we have some helpful information on buying real estate in Hong Kong and what the process involves. Our legal team can guide you through the whole process very simply so you that you do not unwittingly fall into any traps due to a lack of understanding.
Are there restrictions on foreign ownership?
There are NO restrictions. Foreigners are permitted to own any land or properties in Hong Kong without any restrictions.
What are my ownership options?
The nature of ownership is not freehold but rather a long leasehold. For example, land situate in the New Territories has a lease term up until year 2047. In Hong Kong, you have the option to buy as an individual (including joint names with your spouse) or through a corporation. For large projects, its best to own property through a Hong Kong corporation.
Step One: Confirm the title
People usually find a property through an estate agent. On finishing negotiation, the estate agent will arrange you to pay an initial deposit (which is usually up to 4% of the purchase price) and to sign a provisional agreement for sale and purchase with the seller. A provisional agreement for sale and purchase consists of pre-printed standard terms widely adopted in the property market.
Before the signing, the first thing you need to do is confirm the legal owner of the property. This is done by making a title search at the Land Registry which is a Government department deposited with all property instruments on land. Either the estate agent or your lawyer may do that on your behalf.
Step Two: Checking the Title
Unlike many other countries, Hong Kong does not practise title registration. Therefore, owner's title is not proved by a title certificate. To ascertain the title, you need a conveyancing lawyer to investigate the title by perusing all instruments relating to the property you intend to purchase. Title investigation is usually done by your lawyer after the signing of the formal agreement for sale and purchase.
Step Three: Signing of Formal Agreement for Sale and Purchase
After you have signed the provisional agreement for sale and purchase, the estate agent will help you to pass its copy to your lawyer. Your lawyer will then contact the seller's lawyer. They will negotiate and agree on the terms of the formal agreement for sale and purchase. After agreement, your lawyer will arrange you to sign it and at the same time arrange you to pay the balance of deposit. By this stage, you will have paid a sum equal to 10% of the property price.
Step Four: Registration of the Formal Agreement for Sale and Purchase
Your lawyer will cause the registration of the formal agreement for sale and purchase at the Land Registry to protect your interest in the property.
Your lawyer will eventually receive the title instruments from the seller's lawyer. He will check the title and give advice you on its title aspect. He may do updated search at the Land Registry if necessary and raise title questions to the seller's lawyer to answer.
Getting clean title to property can be a problem and therefore you need an experienced conveyancing lawyer.
Step Five: Deed Execution: Assignment for Transfer of Title
Once you are satisfied that the title is in order you will sign an assignment with the seller with the arrangement by your lawyer. An assignment is a deed which helps to transfer the property's title to you. You arrange for payment by arranging financing.
Step Six: Transfer the Funds
Purchase price is paid by cheques drawn at your lawyer's bank account. Your lawyer will arrange with you to make sure that your money is available in their account to pay for you by their cheques. The safest thing is pay your lawyer the money several days before the completion date to enable clearance of the fund. This is extremely important in Hong Kong because non-payment before the agreed completion time on the completion date will mean your breach of the agreement. Breach will result in loss of the deposit and a seller's claim for other losses. When your lawyer has paid the purchase price for you in full to the seller, the seller will send the keys of the property to your lawyer to enable you to take possession of it.
Step Seven: Register the Assignment at the Land Registry
Your lawyer will do this for you in order to protect your interest in the property. Once the registration process is completed, your lawyers will give you the registered deeds and the property will be yours. In case your purchase is financed by a bank's mortgage, the registered deeds will be passed to the bank for their custody as a lending security.
Transaction Costs: Commission and Legal Cost
Real estate agent commissions typically 1% of the price and are paid by the seller and the buyer each. The legal fee to your lawyer is by agreement. There is no standard fee. Agree the fee with your lawyer before you appoint them to deal with the conveyance. The buyer must pay the expenses registering the new deeds. The amount is fixed by the Government. For example, it is $500 to register a mortgage deed. The same fee amount applies to an assignment.
You have to pay the Government stamp duty on the transaction.Property below $2,000,000 is $100 only. If you let a property to a tenant, you have to pay the property tax on the rental income. However, there is no capital tax in Hong Kong.
Financing
It is easy to get a mortgage in Hong Kong if you have an income. Local financing is widely available for foreign residents. Many banks in Hong Kong are extremely active in the mortgage loan markets. They offer terms to home buyers with competitive rates. The loan term can be as long as up to 25 years.
PROPERTY HOTLINE: 68388789 David Mann (Office at Central, Hong Kong)
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
In Hong Kong matrimomial legal proceedings include divorce, maintenance, child custody and adjustment on matrimonial properties or assets. Contentious proceedings are dealt by the Family Court, Hong Kong.
We provide matrimonial clients with our complete attention and act quickly in response to their legal needs. We have a team of lawyers who are skilled and experienced in Hong Kong matrimonial legal matters: divorce, maintenance and child custody.
We are also able to give legal advice on financial settlements and/or children issues. In the break-up of relationships, we offer a complete legal service including:
divorce (contentious or non-contentious)
separation
maintenance to spouse or children
child custody and access.
We welcome your phone call or e-mail enquiry.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Trusts have multiple objectives or purposes. When setting up a Family Trust in Hong Kong, a settlor usually has the following in mind as the consideration factors:
Family Wealth
To help manage family wealth
To keep family wealth consolidated
To preserve the family wealth
To protect the family wealth
As a vehicle to foster the stewardship of family wealth
To help fund family member's new ventures
Save Costs & Avoid Troubles
To avoid arguments within the family
To pass on family values
To avoid probate
To provide confidentiality
Beneficiaries & Well Being
Enhance the lives of the beneficiaries
As an emergency fund for the family
To protect young beneficiaries
To make provisions for Settlor's incapacity
To make provisions for surviving spouse
Family Business
Succession planning purposes
To help continue the family business
Charity
For charitable and / or philanthropic purposes
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Our lawyer Henry Chung is a musician. We handle media and entertainment clients on their litigation and transactional legal needs.
Litigations in Courts:
On litigations, we assist clients in offensive and defensive legal actions involving other parties:
defence in legal proceedings
issuing preliminary demands/letters before action or commencing a legal action when someone is violating their legal rights
responding to governmental inquiries or when accused of violations of the law.
Transactions:
In transactional aspect, we facilitate business deals, negotiation tactics, strategic business initiatives, and other contractual or law matters involving in business:
production contracts
talent contracts
financing contracts
business formation in different legal entities
trademark laws
copyright laws
performing rights in laws
moral rights in laws.
Contact our Partner to follow up: Stephanie Yuen 63799999 (WhatsApp or Tel)
Capabilities: multiple areas of practice with emphasis on Commercial Laws, Contracts Drafting, Commercial Disputes & Litigations, Family & Matrimonial Disputes, Family Trusts & Wealth Planning
Current no. of lawyers: over 30.
Notaries Public: 2
Civil Celebrants of Marriages: 10
China-Appointed Attesting Officer: yes
Total no. of staff: about over 150
Total no. of bankruptcies handled: more than 10000
Total no. of individual debt restructuring: more than 1200
Law Offices: Hong Kong Island, Kowloon and NT.
Corporate Social Responsibility awards: 5-Year Plus Logo Caring Company Award by Hong Kong Council of Social Services AND Outstanding Partnership Award: Wise Financial Planning and Debt Counselling Project with Caritas Hong Kong
CAAO: Hong Kong Documents for Use in Mainland China
We have one China-appointed Attesting Officer.
Appointed by the Chinese Ministry of Justice, Mr. Patrick Lam. He is therefore authorised to attest or certify acts, matters and documents with a legal meaning in Hong Kong for use in Mainland China.
Acts, matters and documents emenating from Hong Kong requiring trusted proofs in Mainland China.
Notary Public in Hong Kong may notarise documents, matters and acts for use overseas, except in Mainland China. Therefore, you need a China-appointed Attesting Officer.
Documents, matters and acts of Hong Kong needed to be used in Mainland China require attestation, certification or witnessing by a China-appointed attesting officer. It is usually called "attesting" services instead of "notarial" services.
Notary Public & Apostille: Non-Mainland China countries, Taiwan & Macau
We have two Notaries Public
We have two partners who are Hong Kong notaries (Thomas Tse and Charles Tse).
Documents for attestation
Our China-Appointed Attesting Officer is capable of preparing and attesting of, as the major examples:-
Declaration for an intended marriage (bachelor or spinster certificate)
Declaration in support of an application of relatives for family reunion in Hong Kong
Declaration for the succeeding or quiting inheritance of an estate
Declaration for the adoption of children
Power of Attorney or Authorisation (in personal or corporate capacity) for civil or commercial purposes.
Appointing lawyers or legal representatives to conduct legal or other lawful proceedings
Appointing an agent or attorney for sale or purchase of properties
Certifying corporate particulars or personalities of Hong Kong companies
incorporation status
business registration particulars
directors’ and/or shareholders’ resolutions
CEPA Certification: application for CEPA service provider certificate (under Annex 5).