Limited liability for professional practices



DateContextSummary of developmentAction
31.3.05 AJLS The Panel considered the research report on "Limited Liability Partnership and Liability Capping Legislation for the Practice of Law in Selected Places" prepared by the Research and Library Services Division of the Legislative Council (LegCo) Secretariat. [Report]

The Panel also considered the submission from the Hong Kong Institute of Certified Public Accountants on limiting liability for professional practices. [Submission] (English version only)

4.5.05 CQ Hon TAM Heung-man raised a question on "Reform in professional liability". [Hansard "page 32"]
23.5.05 AJLS The Panel discussed the Administration's paper on "Limiting liability of professional practices". [Paper]

The Panel noted the Report of the Working Party on Limited Liability Partnership of the Law Society of Hong Kong. [Report] (English version only)

The Panel also noted a background brief entitled "Limited liability for professional practices" prepared by the LegCo Secretariat. [Paper]

- AJLS The Consumer Council's submission dated 24 June 2005 on "Limited Liability Partnership". [Submission] (English version only)
27.3.06 AJLS The Panel continued discussion on limitation of liability for professional practices. [Paper]

The Panel noted the submission from the Hong Kong Institute of Certified Public Accountants [Submission] (English version only) and the Law Society of Hong Kong. [Submission] (English version only)

The Panel also noted a background brief entitled "Limited liability for professional practices" prepared by the LegCo Secretariat. [Background brief]

5.7.06 CQ Hon TAM Heung-man raised a question on "Reform on Professional Liability System". [Hansard "page 91"]
- AJLS Administration's letter dated 22 February 2008 to the Panel on "Limited Liability for Professional Practices". [Paper]
- AJLS Administration's letter dated 10 July 2008 to the Panel Chairman on "Limited Liability for Professional Practices". [Paper]
16.12.08 AJLS The Panel discussed the proposal to permit limited liability partnership for legal practice. [Paper]

The Panel also noted a background brief entitled "Limited liability partnership for legal practice" prepared by the LegCo Secretariat. [Background brief]

The Administration's response on whether professions outside the legal sector had been consulted on the introduction of limited liability partnership. [Follow-up paper]

Law Society's letter dated 24 March 2009 on its current position on solicitor corporations and various issues relating to limited liability partnership for solicitors' practices. [Follow-up paper] (English version only)

The Administration's response on a number of issues relating to the legislative proposal on limited liability partnership for legal practice. [Follow-up paper]

25.5.09 AJLS The Panel further discussed the Administration's proposal on introducing limited liability partnerships for legal practice. [Paper]

The Panel also noted a background brief entitled "Limited liability partnerships for legal practice" prepared by the LegCo Secretariat. [Background brief]

Law Society's paper on the respective percentage of the different types of business entities adopted by solicitors' practices in overseas jurisdictions which allowed limited liability partnerships and relevant statistics on the adequacy of the current statutory professional limit in meeting claims against solicitors. [Follow-up paper] (English version only)

The Panel also received a submission from the Consumer Council. [Submission]

15.12.09 AJLS The Panel was briefed on the legislative proposals for the introduction of limited liability partnerships for legal practice. [Paper]

The Panel also noted a background brief entitled "Limited liability partnerships for legal practice" prepared by the LegCo Secretariat. [Background brief]
28.3.11 AJLS The Panel discussed the Law Society's letter on "Solicitor Corporation Rules" dated 28 January 2011. [Letter from the Law Society of Hong Kong] (English version only) [Background brief prepared by the LegCo Secretariat]



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