Best Funds & Asset Management Lawyers in Central

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So Keung Yip & Sin
Central, Hong Kong

Founded in 1992
50 people in their team
Chinese
English
AboutThe firm So Keung Yip & Sin (“SKYS”) was established in 1992 by five senior lawyers then practising in the Hong Kong office of a leading, U.S. based international law firm. Since its establishment, the firm has developed a reputation as a high quality boutique commercial law...
Alvan Liu & Partners
Central, Hong Kong

Founded in 1999
10 people in their team
Chinese
English
Alvan Liu & Partners is situated in the Central, Hong Kong.The Firm provides legal services under the founding concept of "The Law Within Reach".Our firm has a very international profile. We have advised clients from around the world including China, Taiwan, Singapore, Malaysia, Thailand, Korea...
Ng, Au Yeung & Partners
Central, Hong Kong

Founded in 2010
English
Ng, Au Yeung & Partners was founded by Kenneth Ng and Raymond Au Yeung on 18 August 2010 and operates from Wan Chai, Hong Kong. The boutique firm specializes in construction-related regulatory matters with a particular emphasis on occupational safety and environmental protection, and it maintains...
Lau, Chan & Ko
Central, Hong Kong

Founded in 1951
50 people in their team
Chinese
English
Lau Chan & Ko , Solicitors & NotariesFounded in 1951, Lau Chan & Ko was originally known as Tso & Hodgson. Being one of the most established and progressive law firms in Hong Kong, we enjoy a rich history since the early years of Hong Kong’s development as a leading...
Weil, Gotshal & Manges LLP
Central, Hong Kong

Founded in 1931
1,100 people in their team
English
Chinese
Founded in 1931, Weil has provided legal services to the largest public companies, private equity firms and financial institutions for the past 90 years. Widely recognized by those covering the legal profession, Weil’s lawyers regularly advise clients globally on their most complex Litigation,...
Hampton, Winter and Glynn
Central, Hong Kong

Founded in 1982
10 people in their team
Chinese
English
Hampton, Winter and Glynn (HWG) has been providing legal services to Hong Kong’s businesses, community and people for 40 years.  HWG is Hong Kong’s preeminent independent law firm and is strongly committed to the prosperity and success of the region. The firm’s areas of...
F Zimmern & Co
Central, Hong Kong

Founded in 1935
50 people in their team
Chinese
English
Welcome to Grandall Lawyers (Hong Kong) Firmhistory and originZimmern Law Firm has a long history and was established in 1935 by Frederick Zimmern, one of the first Eurasians to immigrate to Hong Kong. After World War II, Hong Kong's economy recovered and its real estate business flourished. Shi...
Kevin Ng & Co., Solicitors
Central, Hong Kong

Founded in 1999
50 people in their team
Chinese
English
About UsEstablished since 1999, KEVIN NG & CO., SOLICITORS ("KNC") at present comprises of six legal professionals: Mr. Kevin Ng, Senior Partner; Mrs. Cecilia Wong, Partner; Mr. Wing Lung Kwok, Consultant;  Mr. Alex Lam, Associate; and Ms. Mandy Wong, Associate.The aspiration of Kevin Ng...
Pacific Chambers
Central, Hong Kong

Founded in 1990
32 people in their team
English
Pacific Chambers is a leading set of Hong Kong barristers founded in 1990 and based on Duddell Street in Central. With a roster of over 30 members, the set handles the full spectrum of civil and criminal matters and includes counsel qualified in multiple jurisdictions. Its location near the Court...
Mayer Brown
Central, Hong Kong

Founded in 1863
200 people in their team
Chinese
English
Mayer Brown is a distinctively global law firm, uniquely positioned to advise the world’s leading companies and financial institutions on their most complex deals and disputes.With extensive reach across four continents, we are the only integrated law firm in the world with approximately 200...
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About Funds & Asset Management Law in Central, Hong Kong

Funds and asset management play a crucial role in Central, Hong Kong, a major financial center in Asia. This field involves the professional management of different securities and assets such as stocks, bonds, real estate, and other investment vehicles. The area is highly regulated to ensure investor protection, market integrity, and compliance with international standards. Asset managers, hedge funds, private equity funds, and other investment professionals all operate under a robust legal framework that enables efficient fund raising and asset management while mitigating risks such as fraud, financial crime, and market abuse.

Why You May Need a Lawyer

Legal advice is often necessary in the funds and asset management sector for both individuals and institutions. Situations where a lawyer may be needed include:

  • Establishing or structuring a new investment fund or asset management company
  • Ensuring regulatory compliance with the Securities and Futures Commission (SFC) rules and requirements
  • Drafting and reviewing fund offering documents, agreements, and disclosures
  • Assisting in licensing and registration applications for fund managers or distributors
  • Conducting due diligence for mergers, acquisitions, or partnerships involving funds
  • Addressing disputes between investors and managers, or among partners
  • Managing ongoing reporting, anti-money laundering (AML), and know-your-client (KYC) obligations
  • Navigating cross-border investment and taxation considerations
  • Handling winding up or restructuring of funds
  • Managing investigations or enforcement actions by financial regulators

Local Laws Overview

Funds and asset management in Central, Hong Kong are principally governed by the Securities and Futures Ordinance (SFO) and are regulated by the Hong Kong Securities and Futures Commission (SFC). Key aspects include:

  • Licensing Requirements - Any individual or company carrying out regulated activities such as asset management must be licensed by the SFC.
  • Types of Funds - Hong Kong supports a variety of fund structures including unit trusts, mutual funds, open-ended fund companies (OFCs), private funds, hedge funds, and real estate investment trusts (REITs).
  • Offering Documentation - Detailed offering documents must be prepared and, in many cases, approved by the SFC, particularly for retail funds.
  • Ongoing Obligations - Managers and funds must comply with ongoing reporting, compliance, and disclosure obligations to protect investors and maintain market integrity.
  • AML and KYC - Strict anti-money laundering and counter-terrorist financing obligations apply.
  • Cross-Border Issues - There are specific rules for funds marketed to Mainland China investors or distributed across Asia, including under the Mutual Recognition of Funds (MRF) program.
  • Investor Protection - The legal framework includes various safeguards to protect both retail and professional investors.
  • Taxation - Hong Kong offers an attractive tax environment for funds, but stamp duty and profits tax requirements may still apply in certain cases.

Frequently Asked Questions

What is required to set up an investment fund in Central, Hong Kong?

To set up an investment fund, you need to decide on the fund structure, prepare offering documents, and, depending on the type of fund, obtain SFC authorization or registration. An asset manager must usually be licensed. Legal advice is recommended to ensure compliance.

Who regulates funds and asset managers in Hong Kong?

The Hong Kong Securities and Futures Commission (SFC) is the primary regulator overseeing funds, asset managers, and related activities under the Securities and Futures Ordinance.

Can foreign investors or managers participate in Hong Kong funds?

Yes, both foreign investors and foreign fund managers frequently participate. However, all entities must adhere to local licensing and regulatory requirements.

What are the main legal risks for fund managers?

Major risks include non-compliance with licensing conditions, failure to meet ongoing compliance requirements, breach of fiduciary duties, and violations relating to AML or investor protection.

Do all investment funds need SFC approval?

Retail funds offered to the public require SFC authorization. Many private funds intended for professional investors can be established without prior SFC approval but must still comply with relevant laws.

What legal documents are needed to set up a fund?

Common required documents include the fund’s constitutive documents, offering memorandum or prospectus, management agreement, subscription documents, and compliance manuals.

What is the difference between a retail fund and a private fund?

A retail fund is offered to the general public and faces stricter regulatory oversight. A private fund is only offered to professional or institutional investors and is subject to lighter regulation.

Are there restrictions on how funds are marketed in Hong Kong?

Yes. Fund marketing is strictly regulated, particularly for retail investors. Only authorized or registered professionals may promote funds, and offering materials must meet legal standards.

What should investors look for when investing in a Hong Kong fund?

Investors should review licensing status, offering documents, risk disclosures, historical performance, governance structure, and fee arrangements. Independent legal or financial advice is recommended.

How can I resolve a dispute with a fund manager in Central, Hong Kong?

Disputes can be resolved through negotiation, mediation, arbitration, or legal proceedings. Regulatory complaints can also be lodged with the SFC, but legal counsel should be sought to determine the best course of action.

Additional Resources

Several organizations and resources can provide helpful information and support for those seeking legal advice in funds and asset management:

  • Securities and Futures Commission (SFC) - The primary financial regulator in Hong Kong responsible for licensing, regulation, and investor protection
  • Hong Kong Monetary Authority (HKMA) - Supervises the banking sector and monitors systemic risks in the financial market
  • Hong Kong Investment Funds Association (HKIFA) - Industry body for fund managers and service providers
  • The Law Society of Hong Kong - Referral service for finding qualified lawyers in funds and asset management law
  • InvestHK - Government department providing support and information for investors and fund management companies
  • Companies Registry - Handles incorporation and regulatory filings for fund structures and asset managers

Next Steps

If you require legal assistance in funds and asset management in Central, Hong Kong, consider the following steps:

  • Clearly define your objectives and gather essential information and documents related to your case or query
  • Contact a qualified lawyer or law firm specializing in funds and asset management in Hong Kong
  • Arrange an initial consultation to discuss your situation and obtain preliminary legal advice
  • Prepare questions for your lawyer regarding compliance, strategy, timelines, and costs
  • Follow your lawyer’s recommendations regarding further action, documentation, and dealings with regulators
  • Stay updated on changes in relevant laws and regulations to maintain compliance and protect your interests

Seeking experienced legal professionals can help ensure your funds and asset management activities in Central, Hong Kong are set up for success and fully compliant with the law.

Lawzana helps you find the best lawyers and law firms in Central through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Central, Hong Kong - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.