Will Hong Kong Remain a Critical Financial Centre for Law Firms?
Protests and political crisis have cast some uncertainty on the city's future as a financial center in Asia.
August 01, 2019 at 05:21 PM
4 minute read
The original version of this story was published on The American Lawyer
A political crisis that shook Hong Kong to its core has tested the city's valued reputation as Asia's financial hub. For several weeks now, residents have organised regular protests demanding the resignation of the city's leader, and on July 1 a small group of protesters broke into the Legislative Council building by force and occupied the legislature's main chamber for several hours.
The break-in was an escalated response to the police's use of excessive force in an earlier protest, and at the time of writing, more than a dozen people were arrested for storming the chamber. The unrest and the series of clashes between the police and civilians raise questions about Hong Kong's perceived stability.
The protests broke out in early June, first opposing a bill that would allow criminal extraditions with mainland China, and have morphed into a wider movement against the police, the special administrative region government and the central government in Beijing.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 2The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 3First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 4The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 5Elder Litigators Confront Tough Questions in Last Act of Careers
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250