We heartily thank Mr. Alan Wu for giving a presentation at SFKS on ‘How Web3 Brings Impact: Hong Kong Blockchain Business’.
Mr. Wu is a co-founder of an established startup on digital asset business. Being a leading and innovative entrepreneur, and leveraging from his experience in the fast-growing Fintech industry, Mr. Wu discussed the market trends and compliance issues in respect of digital identity, real-world asset (RWA) tokenization, stablecoins and Web3 banks, against the regulatory and policy backdrop in Hong Kong.
As the market projects, tokenization will be well received in Hong Kong, and potentially in the Greater China, as a modern and convenient means of and cross-border transactions and investments, as well as a viable alternative to traditional corporate finance by way of public listing.
Amongst the multifaceted developments of Web3 and blockchain business, there are growing concern and needs on legal and banking compliance e.g. licensing, know-your-client procedures, data protection on the blockchain, proper drafting of smart contract frameworks, anti-money laundering, and freezing and tracing as a result of fraud.
SFKS stands at the forefront in providing legal support for clients as they navigate across digital finance mechanics, thereby transforming innovative investments into enforceable rights in a safe and compliant manner.
SFKS humbly received the following recognitions in the ALB Hong Kong Law Awards 2025:-
- GBA Law Firm of the Year (Hong Kong) - Winner
- Civil Litigation Law Firm of the Year - One of the Top 7 Finalists
- Real Estate Law Firm of the Year - One of the Top 6 Finalists
- Managing Partner of the Year - One of the Top 6 Finalists (Peter Sit)
- Young Lawyer of the Year (Law Firm) - One of the Top 8 Finalists (Jenny Wong)
- Dispute Resolution Lawyer of the Year - Finalist (Roy Leung)
- Restructuring & Insolvency Law Firm of the Year - Finalist
Thank you Asian Legal Business and Thomson Reuters for organising this annual flagship event. Thank you panel judges for your dedication in the selection process. Congratulations to all winners and finalists, our dearest peers in the Hong Kong legal profession. Last but not least, we heartily thank our colleagues in SFKS who contributed to this remarkable success in the firm’s history!
We are delighted that Sammy Koo, former seasoned insolvency practitioner, has given an insightful presentation on third party funding approaches and litigation funding arrangements in arbitrations and insolvency practice at our firm.
Third party funding has emerged as a crucial element in significant litigations and arbitrations worldwide. It has a longer history in insolvency practice, and has been a useful tool since February 2019. A well-structured funding arrangement offers numerous advantages including:-
- Independent health assessment of case merits and enforcement capabilities
- Mitigation of financial risks associated with disputes
- Access to specialized expertise from funders and introducers
- Flexible funding solutions, including hybrid fee models
- Availability of after-the-event insurance
As we look forward to the gradual integration of third party funding into Hong Kong’s mega dispute resolution framework, it is essential for practitioners to stay updated of industry developments. We stand ready to collaborate effectively with funders, introducers, insurers and other experts to safeguard the best commercial interests of clients in arbitrations and stakeholders in insolvency matters.
We celebrated the impressive achievements of our Conveyancing Department at a wonderful dinner. The tireless efforts and dedication of every colleague have made a remarkable success on our various real estate projects.
We heartily welcome the visit of Mr. Francisco Leitão and Ms. Angela Wong of MdME. We exchanged on legal and economic developments between Macau and Hong Kong.
We are delighted to be named as Finalist in 7 categories of ALB Hong Kong Law Awards 2025 by Thomson Reuters.
Law firm categories:
- GBA Law Firm of the Year (Hong Kong)
- Civil Litigation Law Firm of the Year
- Real Estate Law Firm of the Year
- Restructuring and Insolvency Law Firm of the Year
Individual categories:
- Peter Sit, Managing Partner of the Year
- Roy Leung, Dispute Resolution Lawyer of the Year
- Jenny Wong, Young Lawyer of the Year (Law Firm)
We are honoured by this recognition, and remain committed to excellence in serving clients and society.
We hosted an inter-departmental session on search warrant execution by the Securities and Futures Commission (SFC).
It is part of our regulatory and enforcement practice to advise corporate clients in ensuring compliance and dealing with regulators.
Apart from SFC, we frequently act in relation to investigations by the ICAC, the Customs and the Police.
At Sit, Fung, Kwong & Shum, we feel obliged to keep abreast of latest legal developments to serve professionally and practically as a team.
To embrace collective and continuous learning, lawyers across departments and levels would sit together to exchange thoughts and experiences.
In a Decision for our client concerning a mega cross-border commercial dispute involving a Mainland restructuring plan, the High Court reaffirmed the antecedence of the issue of a solicitor’s authority to act, over other procedural or substantive issue including an issue of locus.
In Tu Jianhua v USUM Investment Group Hong Kong Limited [2025] HKCFI 2782, our client as the Plaintiff applied by an Originating Summons (the “OS”) for leave to commence a statutory derivative action on behalf of the subject Respondent company (the “Company”).
A firm of solicitors (the “Firm”) filed an acknowledgement of service on behalf of the Company (the “AS”). Our client filed a summons for an order that the AS be struck out on the ground that the Firm had no authority to act for the Company (the “Authority Summons”). The Firm filed a summons for striking out the OS on the ground that our client has no locus to seek the Leave on behalf of the Company (the “Locus Summons”).
There was effectively a procedural contest between the Authority Summons and the Locus Summons. Deputy High Court Judge Maria Yuen held that the Authority Summons shall be heard first, before the Locus Summons. The legal analysis is threefold, summarized as follows.
First of all, it is well established that where the solicitors’ authority to act for that litigant is challenged, that challenge should be raised at the outset and determined by the court at the earliest opportunity.
Secondly, comparing the two summonses, the learned Judge found that the Authority Summons was filed in good time and supported by PRC legal opinion, whereas the Locus Summons should not be heard first before determining whether the Firm even has authority to issue it on the Company’s behalf.
Thirdly, the learned Judge refused to hear two summonses together, as hearing an authority challenge together with substantive issues shall be discouraged.
The question of a solicitor's authority to act in legal proceedings is not just procedural, but goes in the heart of public interests in maintaining confidence in the judicial system.
This case is conducted by our Partner Mr. Sidney Ho.
In extension of our expertise in advising educational institutions, and in dedication of our service to 10 schools sponsored by The Evangelical Lutheran Church of Hong Kong, our Partner Mr. Mathew Liu gave a seminar talk to teachers at one of the member schools, titled ‘Professionalism and Legal Responsibilities of Teachers’, followed by a roundtable with Senior Graduate Masters/Mistresses (SGM) with fruitful exchange on practical legal questions in school contexts.
We welcome Mr. Qi-Yang Chang and Mr. Frank Oh, Partners of Wong Partnership LLP from Singapore. We enjoyed a valuable exchange on the developments across jurisdictions and dispute resolution practices.
Mr. Tam Wai Choi, Tommy, has retired as Partner and remained as Consultant of the firm from 1 July 2025.
Mr. Tam has dedicated his whole legal career to the firm since joining as a trainee solicitor in 1987. The Partners extend their heartfelt thanks to Tommy for his invaluable contribution to the success of the firm throughout the years.
Our Senior Partner hosted a memorable private dinner for Mr. and Mrs Tam. Please see photo below.
