An Update on the Professional Indemnity Scheme, Consultation on Regulation of Disposable Plastic Tableware, The Chief Executive’s 2021 Policy Address, Personal Data (Privacy) (Amendment) Bill 2021. The increase of the PIS indemnity limit to HK$20 million per claim will indirectly increase the level of indemnity required of foreign lawyers and foreign law firms and provide better protection to the public. The top three home jurisdictions of RFLs are the United States, England & Wales and mainland China. Angela Yim is considered a "very good name" in the insurance space. Found insideHe was president of the British Insurance Law Association from 2000 to 2002. ... He has recently been appointed a Council Member of the International Institute of Experts (Hong Kong) and an Advisory Editor of the Hong Kong White Book. Found inside – Page 87Law Reform Commission of Hong Kong. partnership must furnish the Insurance ... 7.13 We recommend that all insurance brokers be required to arrange and maintain professional professional indemnity insurance . We further recommend that ... See the complete profile on LinkedIn and discover Adrian's connections and jobs at similar companies. Found inside – Page 28Since the early 1980s the Law Society of NSW ( and since 1987 LawCover ) has secured professional indemnity insurance on behalf of solicitors under an agency model master policy arrangement between the Law Society and the commercial ... Found inside – Page 1406Career : Called to the Bar 1986 ; pupillage , Lamb Building , Middle Temple 1986-87 ; Denton Hall 1987-89 ; qualified 1990 ; Denton Hall , Hong Kong 1990-94 ; Bird & Bird 1994 ; partner 1996 . Education : University College , London ... including discounted training, free attendance at most TAE events, preferential rates for Professional Indemnity insurance, newsletters and documentary resources to support practice. 2. As the Honourable Member's question relates to the professional conduct of practising solicitors, the Government has consulted the Law Society of Hong Kong, which is the regulatory body for solicitors in Hong Kong. They are arranged through various medical professional bodies, i.e. . DLA Piper is a global law firm with lawyers located in more than 30 countries throughout the Americas, Asia Pacific, Europe, Africa and the Middle East, positioning us to help companies with their legal needs anywhere in the world. PLUS University Series Whether you're new to the professional liability industry altogether, or new to cyber liability in particular, PLUS has 2 University series tailored to help you learn the basics and be successful in your career. During 2019, the Hong Kong insurance industry's total gross premiums increased by 10.2% to HKD566.9 billion. Unless the Company takes over the conduct of the claim the claimant may go uncompensated. e.g. Found inside – Page 315"Law Courses in Australia," in R. Balmford, ed., Legal Education in Australia. ... Hong Kong: Seventh Commonwealth Law Conference Ltd. Mendelsohn, Oliver, and Matthew Lippman. 1979. ... Professional Indemnity Insurance. Found inside – Page 145The Law Society of Hong Kong has devised the reforms and has placed its new scheme before the Legislative Council Panel on ... The scheme proposes to replace the current Professional Indemnity Insurance Scheme with a Qualifying Insurers ... There is also the option to include cover for working in the USA or Canada. Hong Kong > Labour and employment Tier 2 Independent Hong Kong law firm Howse Williams continues to pick up market share since its inception in 2012, acting for a balanced roster of employers and employees across a range of labour issues, including as it relates to immigration, remuneration, termination, and post-termination matters. Found inside – Page EZ-246PRACTICE AREAS : Litigation ; Professional Indemnity ; Insurance ; Personal Injury . STUART HALL , M.A. , ( Cantab . ) admitted , 1975 , England ; 1986 , Hong Kong . Member : The Law Society ; The Law Society of Hong Kong . In some cases, you even may be required by law to have Professional Indemnity Insurance, so be careful to understand your legal obligations which vary by profession and state. professional indemnity insurance cover in accordance with the minimum requirements for insurance brokers. (d) removing an exclusion (para. The Law Society does not currently require RFLs, who apply for registration to be employed in a Hong Kong law firm to supply evidence of professional indemnity insurance pursuant to s. 6 of the Foreign Lawyers Registration Rules; on the basis that they are covered by the PIS. The existing PIS indemnity limit of HK$10 million per claim has been in place since 1994. Found insideAlastair is a Hong Kong-based aviation lawyer, acting for various service providers, such as airlines, aircraft operators ... His practice also includes insurance and reinsurance, professional indemnity, arbitration and competition law. Recent Development There are no mandatory requirements on lawyers to Found inside – Page 889Insurance premiums are becoming annually shortly be seeing legislative proposals in the ubiquitous Crimi- stiffer , and cover ... is in the growth of legal Johannesburg , or Toronto , or Melbourne , or Hong Kong expenses insurance . There is thus an increase in potential exposure to claims arising out of errors or omissions by RFLs in Hong Kong firms. Member of the Professional Indemnity Advisory of Law Society (1999 - ) Member of the Land Use Planning & Environmental Law Committee of Law Society (2004 - ) Chairman/Director of UCL Hong Kong Club Ltd (2000 - ) Governor of the UCL Scholarship Hong Kong Foundation Ltd (2010 - ) Founding Member of the Hong Kong Korea Business Council A copy of the Hong Kong Solicitors' Guide to Professional Conduct is available on The Law Society of Hong Kong's website, www.hklawsoc.org.hk. The Government does not maintain statistical data in relation to lawyers' professional misconduct in Hong Kong. It was incorporated in 1907 as a company limited by guarantee. This may result in cost savings as the current PIS Rules only make reference to a Senior Counsel; (Hong Kong) LLP (a limited liability partnership registered in England & Wales and registered and regulated as a foreign law firm by the Law Society of Hong Kong, operating in Hong Kong as a Hong Kong limited liability partnership pursuant to the Legal Practitioners Ordinance) in association with Francis & Co. May 2018 - Present3 years 7 months. Found inside – Page 34... write solicitors ' professional indemnity business after signing a ' Qualifying Insurers Agreement with the Law Society . Sarah Clover looks at a few of the claims from the Court of Appeal in Hong Kong . . handling issues with which ... Incisive, not afraid to tell it like it is.' 'RPC Hong Kong understand insurers' requirements to provide advice for complex matters in a clear and very user-friendly way.' With the increase of the PIS indemnity limit, the threshold that triggers the requirement on LLPs to take out an additional professional indemnity policy will be moved further up, and this may result in premium savings for the LLPs. Professional Indemnity Insurance. Found inside – Page 4International practice involves increasingly practice within Europe and with lawyers in Hong Kong , Singapore and the us ... conflicts of interest ; professional indemnity insurance ; and a general requirement that each lawyer should ... The deletion of this exclusion to the PIS Rules is aimed at safeguarding the public. . Found inside – Page 82The plaintiff was an insured solicitor under a mandatory scheme operated by the Hong Kong Law Society . ... The Law Society had appointed a company to manage 25 the general professional indemnity insurance scheme , and that in turn had ... Found inside – Page 882Grammar ; Newcastle Polytechnic ( 1976 BA experience of professional indemnity , she has Law Society of Scotland and ... Hong Kong 1987 . who joined Brodies in August 2006 . sional partnerships . gence claims against accountants and ... We place £45m+ annual premium on behalf of around 650 legal practices, ranging from sole traders to Top 100 firms. 2. There is a concern that the existing retainers may contain limitation clauses that, on the basis of the current statutory PIS indemnity limit, cap a law firm’s liability to HK$10 million per claim. Found inside – Page 32Other countries with similar schemes are Australia , the United Kingdom , Canada and Hong Kong . A compulsory insurance scheme was discussed some years back and in 1986 , a Professional Indemnity Committee was formed by the Law Society ... Discover. Our Profile. Further, in view of the growing trend of solicitors expanding their multi-jurisdictional practices, it is anticipated that the number of RFLs practising in Hong Kong law firms will continue to increase. The Historical Laws of Hong Kong Online is a full-text image database providing access to past revised editions of Hong Kong Laws. 5. As of 31 December 2018, the top three home jurisdictions of RFLs are USA, England and Wales and Mainland China. Found inside – Page 696Memberships : The Law Society ; The Law emphasis on professional indemnity claims for than in contract ) , “ Omega Trust Fund v Wright Society of Hong Kong . engineers and quantity surveyors and other Son & Pepper and Barker & Co ... (1) Compulsory professional indemnity insurance for solicitors was introduced by the Law Society of Hong Kong ("Law Society") in 1980. She qualified as a solicitor in Hong Kong in 1993, and in England and Wales in 1994. The existing PIS indemnity limit of HK$10 million per claim has been in place since 1994. LCQ14: Hong Kong Solicitors Indemnity Fund ***** Following is a question by the Hon Leung Kwok Hung and a written reply by the Secretary for Justice, Mr Wong Yan Lung, SC, in the Legislative Council today (October 21): Question: Under the Solicitors (Professional Indemnity) Rules (Cap. The PIS Rules were drafted nearly three decades ago and are in need of revision. In Hong Kong we have gained broad market acceptance of our bespoke Lockton Agreed Wording (LAW), with the following features, advantages and benefits: Features: Professional Indemnity Insurance. The Law Society of Hong Kong is a professional association for solicitors in Hong Kong vested with statutory powers to regulate the professional conduct of solicitors, trainee solicitors and foreign lawyers. We have our own trusted Lloyd's syndicate, but can also underwrite risks through our other Markel companies, depending where you are in the world. Thank you. Hong Kong. PIS Indemnity Limit. Found inside – Page 697Holder of High Courts Advocacy Manchester Law Society . qualification for all courts . ... Head of professional indemnity and general insurance departSCHOFIELD , Belinda CMS Cameron McKenna , London Personal : Married , three children . Discover. If a clinical . We know that medical or healthcare professionals and establishments are very vulnerable to complex risks and costly litigation. (ii) clarify that where two Hong Kong law firms are in association, the practising certificates of solicitors working concurrently for both associated firms will be suspended if any one of such associated firms does not have a valid receipt under the PIS (as per r. 6(2) of the PIS Rules). professional indemnity insurance. Two sets of amendments to the Solicitors (Professional Indemnity) Rules (“PIS Rules”) have been gazetted and are scheduled to take effect within 2019, subject to negative vetting by LegCo. Despite the rising number of RFLs practising in Hong Kong law firms, the number of RFLs is not incorporated in the contribution formula and therefore is not reflected in the contributions payable. In 2019, total office premiums for in-force long term business was HKD511.5 billion (a 10.8% increase). 2021. Improving the coverage of the PIS by: (i) narrowing the “principal fraud / dishonesty” exclusion (ie, para. Any comments on the above or any other suggestions on the PIS can be directed to adpis@hklawsoc.org.hk. As at 31 December 2015, 74percent of RFLs are employed in Hong Kong law firms. Many doctors will experience a claim or complaint at some point in their career, and it can have a huge impact on their reputation and finances. Found inside – Page 14-14The Law Society remains of the view that no case for the proposal has been made out . ... The branch office and a Hong Kong firm would be forbidden to share “ premises , professional indemnity insurance , accounts , books , records or ... This includes Professional Indemnity and Public Liability. To remedy this inequity in the PIS contribution calculation, the Council and the Board have resolved to incorporate the number of RFLs into the formula for calculation of PIS contributions and deductibles. No matter whether you are organizing a Concert, Exhibition, Sport Tournament, Festival, or even a Wedding, CCW can provide comprehensive Hong Kong Event insurance plans which will ensure you are protected against a wide range of risks associated with a quality production. Discover Found inside – Page 120At law the remedy upon a contract of indemnity is to sue for damages for breach of the contract , and there is no breach ... 39 Re Law Guarantee Trust and Accident Society Ltd , Liverpool Mortgage Insurance Company's Case ( 1914 ) 2 Ch ... The Board is also considering other proposals to improve the coverage of the PIS, preferably at no additional cost to members. 1.1 Respect for and upholding the rule of law and for the freedom of the individual citizen depend to a large extent on the maintenance of high standards by all who practise in the Courts. The database comprises a total of seven consolidations of the laws of Hong Kong: 1890, 1901, 1912, 1923, 1937, 1950, and 1964 (last updated to 1989). The Directory is published by the Law Society for the purpose of facilitating the public in identifying law firms which are published in the Directory and knowing the services that they provide. The Law Society's Compulsory Professional Indemnity Insurance Pursuant to section 75A of the Legal Profession Act ("LPA") the Law Society's Compulsory Professional Indemnity Insurance (the "Scheme") was introduced in April 1991 to ensure every practising lawyer has minimum insurance coverage. Professional Indemnity Insurance. It was incorporated in 1907 as a company limited by guarantee. agrees to abide by the rules and regulations (including Code of Professional Conduct) of HKPS & DCP. apply% means to find . . The increased limit of indemnity will not result in an increase of PIS contributions and the cost of providing the additional cover will be borne by the Fund. Professional Indemnity Insurance. It was incorporated in 1907 as a company limited by guarantee. The Professional Indemnity Scheme ("PIS") provides compulsory professional indemnity to Hong Kong law firms against losses arising from civil liability incurred in connection with their practices. Hong Kong Event Insurance. If you want to match the order of words, specify NEAR ( (Apple, Lemon), 2, true) Wildcards Search (% or _) A percent sign (%) can be used to match zero or more characters of English words at the same time. The Company’s remedy for the law firm’s failure to pay its contribution is to rely on its power to charge interest on overdue contributions (pursuant to para. Medical Protection is the UK's best rated medical indemnity provider. The Law Society of . The areas of practice of RFLs are also very diverse. Found inside – Page 13HONG KONG LAW DIGEST TRADEMARKS ... continued of attorney signed by applicant required . ... Foreign lawyers must provide documentary evidence of policy of indemnity insurance comparable to that required of solicitors in Hong Kong . Under the corporate practices (professional indemnity) rules, each corporate practice shall have a valid and binding contract of professional indemnity insurance under the professional indemnity insurance master policy of the Institute and any additional binding contract of professional indemnity insurance required to ensure compliance with the minimum . Found inside – Page 27In the light of the foregoing , it should be no surprise that the market for professional indemnity insurance was ... In some countries , such as the United Kingdom and Hong Kong , with collective schemes , the situation was indeed ... 'Antony Sassi is the pre-eminent professional indemnity and D&O coverage counsel in Hong Kong. The Amendment Rules aim to improve the clarity of the PIS Rules, enhance the operation of the PIS and provide better protection to the public. All partners based in Beijing are solicitors of Hong Kong and England and Wales, and as such are regulated by The Law Society of Hong Kong and the Solicitors Regulation Authority. I am a specialist in insurance-related dispute resolution and advisory work, with a particular focus on professional indemnity and financial lines matters. Your work is vital, so protect your career and reputation with the world's leading medical protection organisation. Professional Indemnity insurance in Australia is available for a wide range of businesses that provide specialised or expert advice for a fee. Adrian's education is listed on their profile. 3(d) of Schedule 2 to the PIS Rules); This policy is tailor-made for HKCPA members to cover for indemnity arising from breach of professional duty in employment as a clinical psychologist. Drafting and fine-tuning of the resolutions as well as other preparatory work occupied members during the course of several meetings. From the Council Table. Found inside – Page 1029... agencies CO 03/1094: Law societies — professional indemnity scheme and fidelity funds CO 03/1095: Law societies ... CO 03/1103: Hong Kong SFC regulated financial service providers CO 04/239: Factoring arrangements — licensing, ... Found inside – Page 111General Insurance Council of Hong Kong : past chairman Legislation and Legal Affairs Committee of the General Insurance ... Partner specialising in professional indemnity litigation , in particular for the legal profession's leading ... The Law Society of Hong Kong is a professional association for solicitors in Hong Kong vested with statutory powers to regulate the professional conduct of solicitors, trainee solicitors and foreign lawyers. About the Law Society. They relate to an increase in the indemnity limit of the Professional Indemnity Scheme (“PIS”) and an amendment to the PIS contribution formula and deductible calculations so that registered foreign lawyers (“RFLs”) employed by a Hong Kong law firm will be accounted for in the same manner as an assistant solicitor or consultant practising in a Hong Kong law firm. the Hong Kong Medical Association (HKMA), the HK Public Doctors' Association and the HK Doctors' Union. 'Antony Sassi is the pre-eminent professional indemnity and D&O coverage counsel in Hong Kong. International wholesale markets - London, Asia, and Lloyd's Syndicate. The PIS covers all Hong Kong law firms. This includes "establishment" in Ireland and indemnity insurance issued within the country, the report claims. A form of professional indemnity insurance, medical malpractice insurance provides individual healthcare practitioners and medical establishments with protection and tools to manage the evolving risks of today's complex healthcare industry. With the current Laws of Hong Kong available on the web, the Historical Laws of Hong Kong Online database rightly . January 1990. (b) amending the Senior Counsel Clause (para. Continuing Professional Development. She is also a qualified Legal Executive in Hong Kong. In addition to the above, changes are being made to the PIS Rules whereby foreign lawyers employed in Hong Kong firms will be treated no differently from assistant solicitors or consultants in the PIS contribution and deductibles calculation formula. Under separate professional indemnity and product liability policies, there may be a lengthy debate as to which policy will respond. The Law Society of Hong Kong is a professional association for solicitors in Hong Kong vested with statutory powers to regulate the professional conduct of solicitors, trainee solicitors and foreign lawyers. While the SHR does not 3 reasons why your business needs Professional Indemnity Insurance. This policy is tailor-made for HKCPA members to cover for indemnity arising from breach of professional duty in employment as a clinical psychologist. FCA's fair value requirements Insurance Day . Found inside – Page 13Foreign lawyers and law firms wishing to practise foreign law in Hong Kong must be approved and registered by Law Society . REAL PROPERTY : Foreign lawyers must provide documentary evidence of policy of indemnity insurance Conveyance of ... She joined Richards Butler in 1991 as a trainee solicitor. This means that subject to the terms and conditions of the PIS Rules, the relevant law firm will still be indemnified even when its principals have failed to pay the PIS contributions. (b) criminal charges (but only if the Indemnified is acquitted of such charges). 5 of Schedule 1 to the PIS Rules) and to pursue each principal of the firm for reimbursement of any payment made by the Company to satisfy the claim against the firm, together with interest (under para.9 of Schedule 3 of the PIS Rules). Hong Kong via Mr Michael Scott, SASG/GLP Dear Mrs Ma, Panel on Administration of Justice and Legal Services Meeting on 23 January 2006 at 4:30 pm Item V: Professional Indemnity Scheme of the Law Society of Hong Kong I refer to your letter dated 5 January 2006 regarding the above matter. What is the Professional Indemnity Insurance (PII) Policy? (from 777 in 2005 to 1,299 in 2015). 2 Sessions - Online - Hong Kong. (ii) providing indemnity for costs incurred in responding to or defending: (a) an investigation or inquiry (except for any disciplinary proceedings by or under the authority of the Law Society) by law enforcement agencies; and The Professional Indemnity Scheme (“PIS”) provides compulsory professional indemnity to Hong Kong law firms against losses arising from civil liability incurred in connection with their practices. We endeavour to keep the PIS under continuous review to assist our members in overcoming challenges they may face when running their practices. The current Professional Indemnity Scheme ("PIS") was set up in 1989 under which indemnity is provided by the Hong Kong Solicitors Indemnity Fund ("Fund"). Advocates and solicitors in Singapore must declare that they have obtained such insurance in their annual application to renew practicing certificates. B. The Law Society Gazette September 16. Indemnity insurance is mandatory for practising lawyers under Rule 3 of the Legal Profession (Professional Indemnity) Rules 2015. We work closely with a broad range of Firms of all sizes, practicing in markets across the globe. . RPC- law firm. What are the requirements for joining? 9 minute read. It was incorporated in 1907 as a company limited by guarantee. Secretary-General, Law Society of Hong Kong, Amendments to the Solicitors (Professional Indemnity) Rules, Intricacies of a Borderless World – Part IV.