“Hong Kong’s robust and transparent legal system provides the bedrock for the city’s forward-looking development as a commercial and financial hub in Asia,” says Ms Teresa Cheng, SC, who is visiting the United States for the first time since assuming office as Secretary for Justice of the Hong Kong Special Administrative Region (HKSAR). “I am delighted to share the latest developments of Hong Kong’s common law system with the legal community here in the US.”
One country, two legal systems
Under the principle of “one country, two systems”, Hong Kong is unique in maintaining its own legal system separate to that of Mainland China’s. This arrangement is constitutionally guaranteed under the Basic Law, a national law enacted by the National People’s Congress on 4 April 1990, and effective since 1 July 1997 when the HKSAR was established upon the resumption of exercise of Chinese sovereignty. No fewer than 18 articles of the Basic Law relate to the legal system, and three articles specifically affirm independent judicial power in Hong Kong...
New York-based international law firm Paul, Weiss has had an office in Hong Kong since 1983, and the city has all along maintained its competitive edge in the region, according to Jack Lange, Partner, Paul, Weiss. “Hong Kong’s strengths in the rule of law, IP protection, world-class professional services and connectivity with the rest of Asia and the world give the city a distinct advantage as a global financial and business hub,” said Mr Lange, who is also Chairman of the American Chamber of Commerce in Hong Kong (AmCham).
Headquartered in Chicago, Illinois, Baker & McKenzie opened its first office in Hong Kong in 1974. Richard L. Weisman, Principal, Baker & McKenzie said: “Hong Kong’s prime location and trusted legal system make the city an ideal place from which to connect with corporations as well as the growing number of high net worth individuals in Mainland China and Asia and meet clients’ demands for high-quality and reliable legal services.” Richard is also one of the Board of Governors of AmCham
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