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Giving Back to Community / Annual Report 2019 Elderly Visit on 16 March 2019 Pro Bono and Community Service Award Presentation Ceremony on 19 December • the “Three-Year Pilot Free • community services for children marked the 10th anniversary of the Outreach Legal Advice Service of under-resourced families Pro Bono and Community Work on Building Management” with with the Tung Wah Group of Recognition Programme. A record- the Home Affairs Department Hospitals, where Law Society breaking 282 applications were launched in September to volunteers raised awareness received. A total of 35 law firms and enhance legal support to of the core values of the Hong 179 lawyers received awards. Apart Owners’ Corporations in Kong legal system during their from the Individual and Law Firm conducting general meetings. visits. awards, a number of Distinguished 29 practitioners have joined Awards were presented. The “Pro the panel and one case was Further, The Law Society also Bono and Community Service processed during the year with organises an annual Pro Bono and 10-Year Achievement Award” six other cases in progress; Community Work Recognition was introduced and presented to Programme to honour our members the eight lawyers who had been who have selflessly contributed awarded every year over the past their time and expertise for the decade. benefit of the community. 2019 49

The Law Society of Hong Kong MEMBERSHIP OF STANDING COMMITTEES, COMMITTEES, WORKING GROUPS, WORKING PARTIES AND ORGANISING COMMITTEES Committees and Working Parties Honours Committee Reporting Directly to the Council Huen WONG (Chair) Anson K.C. KAN Belt and Road Committee Michael J. LINTERN-SMITH Amy Y.K. LIU Thomas S.T. SO (Chair) Amirali B. NASIR Nick CHAN (Vice-Chair) Paul C.Y. TAN Bonita B.Y. CHAN Herbert H.K. TSOI C. M. CHAN Julianne P. DOE Secretary: Secretary General Brian W. GILCHRIST Stephen W.S. HUNG New Working Group on Pro Bono Insurance Clarice M.T. KAN Frederick K.C. KAN Melissa K. PANG (Chair) Amirali B. NASIR Serina K.S. CHAN (resigned in September) Melissa K. PANG Heidi K.P. CHU Robert C. RHODA Junius K.Y. HO Careen H.Y. WONG Amirali B. NASIR Huen WONG Secretary: Director of Member Services Secretary: Director of Communications and External Affairs 50

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 LegCo Liaison Group PIS Claims Committee Melissa K. PANG (Chair) Brian W. GILCHRIST (Chair) C.M. CHAN Colin B. COHEN (Vice-Chair) Heidi K.P. CHU Charles W. ALLEN (resigned in July) Brian W. GILCHRIST Keith M. BRANDT (resigned in March) Amirali B. NASIR Simon P. CLARKE Johnny C. M. FEE (joined in September) Secretary: Director of Practitioners Affairs George D. LAMPLOUGH Jeffrey H. LANE (joined in September) Hong Kong Solicitors Indemnity Fund Ltd Gary A. SEIB Ronald W.T. TONG (joined in May) Amirali B. NASIR (Chair) Careen H.Y. WONG Brian W. GILCHRIST Cleresa P.Y. WONG Colin B. COHEN Felix K.Y. YAU Christopher G. HOWSE Richard KEADY Secretary: Essar Insurance Services Ltd. Alexander H.Y. LEUNG Peter C.L. LO PIS Investment Sub-Committee Patrick R. MOSS Andrew W.Y. NG Peter C.L. LO (Chair) Kevin C.K. SHUM John S. GALE David G. SMYTH IP Shing Hing Norris H.C. YANG Elen LAU LEE Kher Sheng Secretary: Essar Insurance Services Ltd. Kevin C.K. SHUM Norris H.C. YANG Secretary: Assistant Director, Professional Indemnity Scheme 51

The Law Society of Hong Kong PIS Panel Solicitors Selection Board Working Party on PIS Gross Fee Income Reports and Contributions Huen WONG (Chair) Stephen W.S. HUNG Amirali B. NASIR IP Shing Hing (Chair) Roden M.L. TONG Amirali B. NASIR Andrew W.Y. NG Secretary: Assistant Director, Huen WONG Professional Indemnity Scheme Secretary: Assistant Director, Professional Indemnity Scheme Professional Indemnity Advisory Committee David G. SMYTH (Chair) Working Party on YSG Kevin R. BOWERS (joined in May) Ming L.M. CHUNG Brian W. GILCHRIST (Chair) Richard KEADY (joined in June) Serina K.S. CHAN Susan P.S.K. LIANG Roden M.L. TONG Amirali B. NASIR Cecilia K.W. WONG Andrew W.Y. NG Peter K.H. NGAI Secretary: Deputy Secretary General Robin S. PEARD Thomas S.T. SO Working Party on Election System Fiona J. STEWART Gareth H. THOMAS Thomas S.T. So (Chair) C.M. Chan Secretary: Assistant Director, Eric T.M. Cheung Professional Indemnity Scheme Roden M.L. Tong Secretary: Secretary General 52

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Working Party on Unregulated Legal Working Party on Membership Survey 2019 Service Providers Melissa K. PANG (Chair) Denis G. BROCK Stephen W.S. HUNG (Chair) Calvin K. CHENG C.M. CHAN Heidi K.P. CHU Jonathan ROSS Doreen Y.F. KONG Roden M.L. TONG Karen LAM Amirali B. NASIR Secretary: Secretary General Roden M.L. TONG Careen H.Y. WONG Working Party on Dreamvar’s Case Amirali B. NASIR (Chair) Secretary: Director of Member Services C.M. CHAN Debbie CHEUNG Doreen KONG Simon S.C. LAI Billy W.Y. MA Fiona STEWART Roden M.L. TONG Secretary: Director of Practitioners Affairs 53

The Law Society of Hong Kong Standing Committee on Compliance Consents Committee Melissa K. PANG (Chair) Nick CHAN Pierre T.H. CHAN (Chair from August) (10/12) IP Shing Hing Christopher YU Raymond M.S. KWOK (Vice-Chair from (3/4) Henry H.W. LAI Nick CHAN Billy Y.C. LAM Denis G. BROCK August; joined in August) Henson LAM C.M. CHAN William C.W. LAM Serina K.S. CHAN (Chair until August) (5/12) Jonathan T.W. LEE Paul K.Y. CHOW Amirali B. NASIR Warren P. GANESH (5/12) Paul K.Y. NG Brian W. GILCHRIST Roden M.L. TONG Dennis H.F. HIE (4/12) Annie P.K. WONG Patricia D.Y. HO Ann M.S. YEUNG Arthur K.H. HONG (5/12) Stephen W.S. HUNG Henson LAM (9/12) Stephanie W.Y. LAU Andrew Y.B. LEE (12/12) Billy W.Y. MA Amirali B. NASIR (9/12) Robert C. RHODA Jonathan ROSS (7/12) Annie P.Y. WONG (2/12) (Joined in May) (6/7) (7/12) Secretary: Director of Compliance (6/12) (Joined in May) (5/7) (11/12) (8/12) (4/12) (7/12) (11/12) (7/12) Secretary: Director of Compliance Note: Figure shown in the “( )” denote the meeting attendance during the year. 54

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Investigation Committees [Note: These Committees are Subcommittees of the Standing Committee on Compliance, consisting of three members, and consider agendas by circulation. Members are selected by the Compliance Department from members of the Standing Committee on an ad hoc basis to consider individual agendas.] Compliance Department 55

The Law Society of Hong Kong Standing Committee on External Affairs LAWASIA Conference 2019 Organising Committee Robert C. RHODA (Vice-Chair until August, (5/7) Melissa K. PANG (Chair) Amirali B. NASIR (Vice-Chair) Doreen Y.F. KONG Chair from September) C. M. CHAN (Vice-Chair) Stephen W.S. HUNG (Vice-Chair) Simon S.C. LAI (Vice-Chair from (2/3) Lester G. HUANG (Consultant) C. M. CHAN Usha B. CASEWELL Pierre T.H. CHAN September) Nick CHAN Mark DALY Serina K.S. CHAN Stephen W.S. HUNG (Chair until August) (4/7) Alan C.W. CHIU Carmen W.M. KAN Grace H.W. CHU Frederick K.C. KAN (6/7) Heidi K.P. CHU Olivia H.Y. KUNG Colin B. COHEN Nadine LAI (3/7) Julianne P. DOE Daphne F.Y. LO Christine M.K. KOO Amirali B. NASIR (joined in August) (1/3) Olivia H.Y. KUNG Melissa K. PANG Shourav LAHIRI Hin Han SHUM (6/7) Nadine LAI Thomas S.T. SO Martin C.H. LEONG Michelle W.T. TSOI (resigned in November) (0/6) Alvin C.Y. LIM Maggie Y.T. TSUI John C.Y. LO James K.T. WONG (2/7) Felix MIAO Louise K.F. WONG Linda L. NGAN Philip W.C. WONG (joined in November) (1/1) Robert C. RHODA Ann M.S. YEUNG Hin Han SHUM (6/7) Ronald K.N. SUM David N. TIANG (5/7) Roden M.L. TONG Cecilia K.W. WONG (5/7) James K.T. WONG Lawrence S.H. YEUNG (5/7) M.S. YEUNG (joined in November) (0/1) (2/7) (6/7) (6/7) (3/7) (7/7) (4/7) (6/7) Secretary: Director of Communications and External Affairs Note: Figure shown in the “( )” denote the meeting attendance during the year. Secretary: Director of Communications and External Affairs 56

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Law Week 2019 Organising Committee Teen Talk 2019 Organising Committee Nadine LAI (Chair) Roden M.L. TONG (Chair) Nathan S.K. WONG (Vice-Chair) Ian P.N. CHU (Vice-Chair) DoDo CHAN Andy Y.C. CHAN George K.H. CHAN Nick CHAN Rico W.H. CHAN Pierre T.H. CHAN Raphael HUI Simon S.M. CHAN Geoffrey KAM Neville C.H. CHENG William C.Y. KONG Alan M.B. LAM Arthur Y.Y. LAW Kenneth L.K. LEE Daphne F.Y. LO Winnie W.L. LEE Grace NG Alwyn LI Sammy W.N. NG Jacky H.Y. MAN SAUW Yim Alice W.L. MOK William W.L. TONG Hin Han SHUM Michelle W.T. TSOI Sharon S.Y. TAM Cecilia Grace L.A. WONG Euphemia M.S. WONG James K.T. WONG William W.K. WONG Louise K.F. WONG Sherman S.M. YEUNG Ann M. S. YEUNG Jackie N.M. YEUNG Secretary: Director of Communications and External Affairs Secretary: Director of Communications and External Affairs 57

The Law Society of Hong Kong Community Relations Committee Working Group on Law and New Generation Programme and School Talks Philip W.C. WONG (Chair) Ann M.S. YEUNG (Vice-Chair) Serina K.S. CHAN (Chair until June, George K.H. CHAN (joined in July) resigned in July) Nick CHAN (resigned in July) Patricia WIJAYA (Vice-Chair until June, Serina K.S. CHAN Chair from July) Stanley W.L. CHAN (joined in July) Joyce C. CHENG (Vice-Chair from July) Joyce C. CHENG (joined in July) George K.H. CHAN Ian P.N. CHU (joined in July) Nick CHAN (joined in August) Nadine LAI Ian P.N. CHU Arthur Y.Y. LAW Hilda LAM SAUW Yim Winnie W.S. LO Sharon S.Y. TAM Hin Han SHUM Sander L.S. TING Sander L.S. TING William W.L. TONG William W.L. TONG Michelle W.T. TSOI James K.T. WONG Maggie Y.T. TSUI Cassandra K.C. WU Patricia WIJAYA James K.T. WONG Secretary: Communications and External Affairs Officer Nathan S.K. WONG Cassandra K.C. WU Working Group on “Sing Tao Legal Mailbox” Secretary: Director of Communications and Nadine LAI (Chair) External Affairs Michelle W.T. TSOI (Vice-Chair until November) Nathan S.K. WONG (Vice-Chair from December) Francis M.B. AU YEUNG Isabella W.H. CHAN (joined in August) Stanley W.L. CHAN MAK Hon Ming SAUW Yim Hin Han SHUM Albert M.K. SO Sharon S.Y. TAM Sander L.S. TING William W.L. TONG Secretary: Communications and External Affairs Officer 58

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Working Group on Community Talks and Services Working Group on “Legal Pioneer” Mentorship Programme SAUW Yim (Chair until November) Michelle W.T. TSOI (Vice-Chair until Nathan S.K. WONG (Chair until July) November, Arthur Y.Y. LAW (Vice-Chair until July Cassandra K.C. WU Chair from December) Chair from August) (Vice-Chair from Ian P.N. CHU (Vice-Chair from August) George K.H. CHAN November) Rachel C.W. CHAN (joined in August) Ian P.N. CHU (joined in January) Serina K.S. CHAN (resigned in July) Nadine LAI Ronald Y.H. KAN Stephanie W.Y. LAU (joined in August) Nadine LAI (joined in February) William W.S. LING (joined in August) Leonard Y.L. LAW Hin Han SHUM Anita P.F. LEUNG (joined in August) William W.L. TONG SAUW Yim Maggie Y.T. TSUI Hin Han SHUM Patricia WIJAYA Sharon S.Y. TAM James K.T. WONG William W.L. TONG Weijing WU Judy W.C. YAM Jackie N.M. YEUNG Cerin N.T. YIP Secretary: Communications and External Affairs Officer Secretary: Communications and External Affairs Officer 59

The Law Society of Hong Kong Greater China Legal Affairs Committee Cross Strait Four Regions Young Lawyers Forum 2019 Organising Committee C. M. CHAN (Chair) Neville C.H. CHENG (Vice-Chair) Brian P.C. HO (Co-Chair) Henry Y.H. WAI (Vice-Chair) Gary S.K. YIN (Co-Chair) James K.T. WONG (Vice-Chair) C. M. CHAN (Advisor) Rico W.K. CHAN James K.T. WONG (Advisor) Natalia K.Y. CHEUNG Neville C.H. CHENG Brian P.C. HO Ian P.N. CHU Stephen W.S. HUNG Rossana C.M. CHU Frederick K.C. KAN Heidi H.Y. CHUI Ronald Y.H. KAN Conrad H.S. HO Ambrose S.K. LAM Raphael Y. HUI Karen LAM Karen LAM William C.W. LAM Jonathan T.W. LEE Alan Y.K. LAU Martin C.H. LEONG Jonathan T.W. LEE Daniel N.C. LEUNG Alexandra D.W. LO Amelia Y.W. LO Eric C.H. LUI Anny C.L. LO Melissa K. PANG Daphne F.Y. LO Patrick K.W. MAK SHUM Hin Han Catherine L.M. MUN William W.L. TONG Thomas S.T. SO Henry Y.H. WAI Wilfred K.P. TSUI William W.K. WONG Careen H.Y. WONG Winnie W.L. WONG Lawrence S.H. YEUNG Victor C.K. YAU Gary S.K. YIN Secretary: Assistant Director, Communications and Secretary: Assistant Director, Communications and External Affair External Affairs 60

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 International Legal Affairs Committee Public Policy Committee Amirali B. NASIR (Chair) Nick CHAN (Chair) Stephen W.S. HUNG (Vice-Chair) James K.T. WONG (Vice-Chair) Simon M.Y. CHAN C. M. CHAN Heidi H.Y. CHUI Keith C.W. CHAN Deborah S.W. FONG Stanley W.L. CHAN Munenori KAKU CHAN Tze Chin Frederick K.C. KAN Wendy CHAN Olivia H.Y. KUNG Eliza L.S. CHANG Karen LAM Horace K.K. CHEUNG David Y.C. LUK Sebastian Y.F. KO Melissa K. PANG Angela Y.L. LAU Robert C. RHODA Terry C.Y. LIU Louise K.F. WONG Raymond C.P. SIU Maggie M.Y. YIM Roden M.L. TONG Eric H.Y. WOO Secretary: Assistant Director, Communications and Roderick B. WOO External Affairs Secretary: Assistant Director, Communications and External Affairs Communications and External Affairs Department 61

The Law Society of Hong Kong STANDING COMMITTEE ON In-House Lawyers Committee MEMBER SERVICES Maggie Y.T. TSUI (Chair) Roden M.L. TONG (Chair) (10/11) Adamas K.S. WONG (Vice-Chair) Karen LAM C.M. CHAN Bonita B.Y. CHAN (Vice-Chair) (11/11) Grand H.L. CHAN (joined in October) Grand H.L. CHAN Ricky M.T. CHAN (joined in October) Nick CHAN (8/11) CHAN Wing Kit Serina K.S. CHAN Joyce C. CHENG Eliza L.S. CHANG (9/11) Vivian S.M. CHIU Calvin K. CHENG Diana W.L. HUI Eric T.M. CHEUNG (4/11) Geoffrey W.C. MO IP Shing Hing Rendy K.M. NG Nancy B.Y. LEUNG (resigned in September) (4/9) Jonathan ROSS Elaine Y.M. LO Irene W.K. SIU Melissa K. PANG (9/11) Roden M.L. TONG Cecilia K.W. WONG Karen H.L. WONG WONG Hau Yan (joined in August) (3/3) Nancy N. YANG Cerin N.Y. YIP (9/11) (7/11) (4/11) (7/11) (9/11) (9/11) (8/11) Secretary: Director of Member Services Secretary: Assistant Director, Member Services (II) Note: Figure shown in the “( )” denote the meeting attendance during Member Benefit Committee the year. CHAN Tze Chin (Chair) Nadine LAI (Vice-Chair) Bonita B.Y. CHAN Simon S.M. CHAN (resigned in July) Heidi H.Y. CHUI Geoffrey F. KAM Daphne F.Y. LO Sammy W.N. NG SAUW Yim Sharon S.Y. TAM Maggie Y.T. TSUI Adamas K.S. WONG Secretary: Member Services Officer (I) 62

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Practice Management Committee Working Party for SME Firms Elaine Y.M. LO (Chair) IP Shing Hing (Chair) Ambrose S.K. LAM (Vice-Chair from April) Careen H.Y. WONG (Vice-Chair) Eliza L.S. CHANG Joseph W.K. CHAN Junius K.Y. HO Ian P.N. CHU HOU An Che Angela M.K. HO IP Shing Hing Junius K.Y. HO Amirali B. NASIR Kenneth H.W. SIT NG Ching Wo YAU Chi Keung Ludwig S.W. NG Melissa K. PANG Secretary: Director of Member Services WONG Hau Yan (from January to September) YAU Chi Keung Assistant Director, Member Services (I) Secretary: Director of Member Services Pro Bono Committee Islamic Finance Working Party Alan G. SCHIFFMAN (Chair from September) Serina K.S. CHAN (Chair until September; Amirali B. NASIR (Chair) resigned in September) Balbir S. BINDRA Arthur C.Y. CHAN John S. GALE Philip K.S. CHAN (joined in October) Daphne F.Y. LO Sherman K.N. CHAN Kingsley T.W. ONG Eric T.M. CHEUNG William W.L. TONG Michelle Y.W. CHOW Edmond M.Y. YEUNG E. John DAVISON Maryellen N.Y. KO Secretary: Assistant Director, Member Services (II) Anthony W.M. KWAN Alexander H.S. LEUNG Bharati S. MANEK Melissa K. PANG Jonathan ROSS William W. L. TONG Careen H.Y. WONG Davyd WONG Cassandra K.C. WU Secretary: Assistant Director, Member Services (I) 63

The Law Society of Hong Kong Working Group on Insurance for Pro Bono Work Pro Bono and Community Work Recognition Committee Eric T.M. CHEUNG (Chair) Serina K.S. CHAN (joined in August; Melissa K. PANG (Chair) resigned in September) Sherman K.N. CHAN (joined in October) Sherman K.N. CHAN (joined in August) C.M. CHAN (joined in October) Bharati S. MANEK (joined in December) Ian P. N. CHU Jonathan ROSS (joined in August) IP Shing Hing Davyd WONG (joined in August) Daphne F.Y. LO Sharon S.Y. TAM Secretary: Assistant Director, Member Services (I) William W. L. TONG Christopher K.Y. WONG Working Group on Pro Bono Project on Philip W.C. WONG Building Management Work Alexander H.S. LEUNG (Chair) Secretary: Assistant Director, Member Services (I) Anthony W.M. KWAN (joined in August) Melissa K. PANG Recreation and Sports Committee William W.L. TONG Roden M.L. TONG (Vice-Chair until August; Secretary: Assistant Director, Member Services (I) Chair from September) Nick CHAN (Chair until August) Working Group on Pro Bono Webpage Agnes H.C. CHAN Simon S.M. CHAN (student representative) Davyd WONG (Chair) CHAN Tze Chin (student representative Serina K.S. CHAN (resigned in September) Eliza L.S. CHANG joined in February) Maryellen N.Y. KO Calvin K. CHENG (student representative May M.Y. LUN (joined in August) Ian P.N. CHU joined in February) William W.L. TONG Karen LAM William W.L. TONG Secretary: Assistant Director, Member Services (I) Careen H.Y. WONG Jackie N.M. YEUNG Working Group on Seminars for Social Enterprises Winston S.Q. YU Jason Y.S. LI E. John DAVISON (Chair) LI Ching Pang Serina K.S. CHAN (resigned in September) CHI Kee Ming (joined in August) Thomas W.H. TSE Michelle Y.W. CHOW Teresa C.W. CHU (joined in August) Secretary: Assistant Director, Member Services (II) May M.Y. LUN Kirindi Y.T. TANG William W.L. TONG Stephen M. VINE Secretary: Assistant Director, Member Services (I) 64

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 InnoTech Committee Young Solicitors’ Group Amirali B. NASIR (Chair) George K.H. CHAN (Chair from December) Nick CHAN (Vice-Chair) Calvin K. CHENG (Vice-Chair from Alan C.W. CHIU (joined in May) December; joined in Joyce W.Y. CHOW Kenneth L.K. LEE December) HO Ching Man (resigned in February) (Vice-Chair from Sebastian Y.F. KO Vicky W.K. MAN December) Philip Z.F. KWOK (Vice-Chair until William W.S. LAM Melissa K. PANG December; resigned in Andrew S.K. LAW December) Amy L.E. LEE Irina Y.L. CHAN (Vice-Chair until LEE Man Hei Katie T.W. CHAN December) Steven K. LEE Serina K.S. CHAN (joined in December) PANG Kam Wing Eliza L.S. CHANG (joined in December) Jolene REIMERSON Janice K.C. CHANG (resigned in September) Charles H.W. TO Desmond C.T. CHEUNG (resigned in December) Alice F.M. TSUI Anson J. DOUGLAS YU Pui Hang Danny L.Y. EU (joined in December) Sebastian Y.F. KO (resigned in October) Secretary: Director of Member Services Brian C.T. KWOK (joined in December) Gerald H.C. LAM (resigned in November) Working Group on the Law Society’s App Hilda LAM Marcus T.C. NG (joined in December) Nick CHAN (Chair) SHUM Hin Han (joined in December) Grand H.L. CHAN Thomas S.T. SO (joined in December) Pierre T.H. CHAN Billy C.H. TANG (resigned in November) Simon S.M. CHAN Joanna P.S. TONG (joined in December) CHAN Tze Chin Salvador H.F. TSANG (joined in December) IP Shing Hing Catherine K.Y. WONG KWAN Chiu Yin Karen H.L. WONG (resigned in November) Jacky Y.T. MIU Louise K.F. WONG Billy Y.K. NG Secretary: Assistant Director, Member Services (I) Working Group on InnoTech Law Hub Sebastian KO (Chair) Nick CHAN Alan C.W. CHIU Secretary: Assistant Director, Member Services (II) Joyce W.Y. CHOW HO Ching Man Philip Z.H. KWOK Amy L.E. LEE LEE Man Hei Amirali B. NASIR Charles. H.W. TO Alice F.M. TSUI Secretary: Member Services Officer (II) 65

The Law Society of Hong Kong Interest Group on Mergers and Acquisitions Working Party on Historical Archive Ambrose S.K. LAM (Chair) Frederick K.C. KAN (Chair) Jan R. BOGAERT Jenkin S.F. CHAN Nick CHAN Stanley W.L. CHAN (joined in October) May W.M. CHAN Ian P.N. CHU (joined in October) Michelle W. CHEN William W.S. LING Mason Y.K. CHING Patrick R. MOSS Paul R.P. CHRISTOPHER Amirali B. NASIR Basil H.L. HWANG Melissa K. PANG Christine M. KOO Steven K. LEE Secretary: Assistant Director, Member Services (II) Steven C. NELSON Wilfred K.P. TSUI William A. WILSON III Benson Shuobin XIAO YEOH Soon Chin Secretary: Director of Member Services Member Services Department 66

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Standing Committee on Hong Kong Lawyer Editorial Board Policy and Resources Huen WONG (Chair) Peter C.H. CHAN Melissa K. PANG (Chair) (10/11) Nick CHAN Thomas S.T. SO (Resigned in May) (4/5) Amirali B. NASIR (Vice-Chair) (10/11) Charles C.C. CHAU Denis G. BROCK (6/11) C.M. CHAN (Resigned in May) (7/11) Michelle M.L. CHENG Nick CHAN (4/5) Heidi K.P. CHU (Resigned in May) (10/11) Heidi K.P. CHU Warren P. GANESH (Resigned in August) (11/11) Brian W. GILCHRIST (Joined in August) (9/11) Julianne P. DOE Stephen W.S. HUNG (Joined in August) (11/11) Simon S.C. LAI (Joined in August) (2/5) Elliot FUNG Billy W.Y. MA (5/7) Roden M.L. TONG (9/11) Steven Brian GALLAGHER Cecilia K.W. WONG (3/4) Robert C. RHODA (4/4) Warren P. GANESH Pierre T. H. CHAN (4/4) Julienne JEN Karen LAM Byron T.W. LEUNG Stella S.Y. LEUNG Adamas K.S. WONG Tony Y.H. YEN Secretary: Assistant Director, Member Services (I) Secretary: Assistant Director, Administration and Human Resources Note: Figure shown in the “( )” denote the meeting attendance during the year. 67

The Law Society of Hong Kong Working Party on the Law Society IT Systems Working Party on Review of The Law Society’s Memorandum and Articles of Association Nick CHAN (Chair) Pierre T.H. CHAN Kenneth Y. CHOY Huen WONG (Chair) Sebastian Y.F. KO Julia F. CHARLTON Karen LAM Paul K.Y. CHOW William W.S. LAM Simon S.C. LAI Steven K. LEE Thomas S.T. SO Amirali B. NASIR Charles H.W. TO Secretary: Deputy Secretary General Roden M.L. TONG Secretary: IT Consultant Finance and Administration Department 68

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Standing Committee on Arbitration Committee Practitioners Affairs Huen WONG (Chair) Denis G. BROCK Warren P. GANESH (Chair) (9/9) Rachel C.W. CHAN (joined in October) Cecilia K.W. WONG (Vice-Chair) (7/9) Simon H. BERRY (7/9) Stephen H.N. CHAN Eric T.M. CHEUNG (joined in August) (7/9) Mark D. DALY (2/9) Mason Y.K. CHING E. John DAVISON (6/9) Rebecca V.I. HO (6/9) H.Y. CHUI IP Shing Hing (6/9) Richard KEADY (8/9) P.S. HAU Doreen Y. F. KONG (1/2) Karen LAM (8/9) Shourav LAHIRI (retired in October) Jonathan C.Y. MOK (5/9) Amirali B. NASIR (5/9) Dominic Y.K. LAI Roden M.L. TONG (7/9) Simon W.L. WONG (2/9) Lily Y.Y. LAI Eric H.Y. WOO (4/9) Lorraine L.Y. LEE John Y.C. LEE Edward Y. LIU (joined in October) Catherine L.M. MUN Billy Y.K. NG Robert C. RHODA H.H. SHUM Thomas S.T. SO Secretary: Director of Practitioners Affairs Y.S. TEOH Sam K.S. TSUI Note: Figure shown in the “( )” denote the meeting attendance during Janie L.Y. WONG the year. Kenneth W.Y. WONG Eric H.Y. WOO Yifan XIAN Steven W.Y. YIP Secretary: Director of Practitioners Affairs Arbitrators Admission Sub-committee M.S. YEUNG (Chair) Gavin Z. DENTON Glenn R.A. HALEY James P. KWAN Dominic Y.K. LAI Simon D. POWELL Steven W.Y. YIP Secretary: Director of Practitioners Affairs 69

The Law Society of Hong Kong Civil Litigation Committee Competition Law Committee Kenneth W.Y. WONG (Chair) Stephen R. CROSSWELL (Chair from October) Denis G. BROCK Simon H. BERRY (Chair until October, Johnny C.M. FEE resigned in October) D. Nigel FRANCIS Nick CHAN Warren P. GANESH Sebastien J. EVRARD (joined in October) Dominic GEISER Amita K. HAYLOCK (joined in October) Sally P.L. HO Adelaide M.W.Z. LUKE (joined in January) Patrick M.K. HUI Philip F. MONAGHAN (joined in October) Nicholas D. HUNSWORTH Marcus P. POLLARD Richard KEADY Simon D. POWELL (joined in January) Joseph S.M. KWAN Dominic S.C. WAI Karen LAM Henry J.H. WHEARE Jeffrey H. LANE James H. WILKINSON Brenda F. LEE David P.H. WONG Mark LIN YAM Kin Fung Simon D. POWELL Natalie YEUNG Nathan S.K. WONG Sherman C.N. YAN Secretary: Assistant Director, Practitioners Affairs (II) Secretary: Assistant Director, Practitioners Affairs (II) Constitutional Affairs and Human Rights Committee Company Law Committee Amirali B. NASIR (Chair) Nick CHAN (joined in October) Simon S.C. LAI (Chair) Mark H.Y. CHIU Grace K.W. CHAN (joined in August) John J. CLANCEY Julia F. CHARLTON Mark D. DALY Jacqueline S.T. CHIU Dr. James D. FRY Paul K.Y. CHOW Junius K.Y. HO Lisa M.C. CHUNG IP Shing Hing Danny K.H. KAN Elise O.S. Leung Bernardine S.Y. LAM Melissa K. PANG Daphne F.Y. LO Thomas S.T. So John Martin MAGUIRE Dr. Stephen THOMSON Alexander QUE Christopher K.K. YU Psyche C.S. TAI Patrick C.K. WONG Secretary: Director of Practitioners Affairs Christopher K.K. YU Frank K.F. YUEN Secretary: Assistant Director, Practitioners Affairs (I) 70

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Criminal Law and Procedure Committee Family Law Committee Kenneth H. S. NG (Chair) Dennis C.K. HO (Chair) Geoffrey N. BOOTH Anthony J. HUNG (Vice-Chair) Bucky K.H. CHAN Winnie W.Y. CHOW Johnny C.H. HO Barbara A. HUNG (joined in November) Stephen W.S. HUNG Jennifer W.C. IP Christopher KNIGHT KU Ming Wai Paul M.W. LI Lily Y.Y. LAI Kane K.F. MAK Karen S.Y. LAM Jonathan C. Y. MOK LAM Tze Yan Eric TANG LEUNG Shek Lim Michael J. VIDLER Dr. Athena N.C. LIU Ben K. K. WONG Jonathan C.Y. MOK Catherine K.G. POR Secretary: Director of Practitioners Affairs Cecilia K.W. WONG Steve Y.F. WONG Employment Law Committee Kenneth K.S. YUNG Walter Y.W. LEE (Chair) Secretary: Assistant Director, Practitioners Affairs (II) Duncan A.W. ABATE (joined in October) Kim BOREHAM Higher Rights of Audience Committee Lily S.M. CHANG Fiona B.L. CHOW Denis G. BROCK (Chair) Paul HASWELL CHIU Koon Shou Lily Y.Y. LAI Andrew N. HART Adrian W.H. LAU Patrick M.K. HUI Fiona M. LOUGHREY Jason D KARAS Melissa K. PANG Jacky H.S. LEE Eric A. SZWEDA Simon D. POWELL Charles H.W. TO Jennifer A. VAN DALE Secretary: Director of Practitioners Affairs Secretary: Assistant Director, Practitioners Affairs (II) 71

The Law Society of Hong Kong Insolvency Law Committee Intellectual Property Committee Keith M.K. HO (Chair) Kenny K.S. WONG (Chair) CHIU Koon Shou (Vice-Chair) Steven J. BIRT (resigned in September) Ian R. DE WITT Simon C.C. CHAN Junius K.Y. HO (resigned in April) Nick CHAN Camille JOJO Ella S.K. CHEONG Ludwig S.W. NG Yvonne CHUA Simon D. POWELL A. Clinton D. EVANS Alexander H.L. TANG Chloe Y.F LEE Richard M. TOLLAN Anita P.F. LEUNG King K.L. WONG Rebecca M.C. LO Annie S.T. TSOI Secretary: Assistant Director, Practitioners Affairs (II) Adelaide H.M. YU Insurance Law Committee Secretary: Assistant Director, Practitioners Affairs (I) Martin C.v.M. LISTER (Chair) Investment Products and Financial David G. ADAMS Services Committee Denis G. BROCK Peter J. CASHIN Simon H. BERRY (Chair) Anthony L.C. CHIU Jason C.H. CHAN (joined in October) Christine M. KOO Augustine K.C. CHAN (joined in October) MAK Hon Ming Cherry M.S. CHOW Gary MEGGITT Eliof S. W. FONG (resigned in October) Hideo NAKAMURA Peter M. LAKE Mark F. REEVES Jason C.Y. LEE Antony R. SASSI Alan H. LINNING Rupert C. SKRINE Amirali B. NASIR Roden M.L. TONG Sara S.M. OR Sam K.S. TSUI Charlotte J. G. ROBINS Stuart J. VALENTINE Maggie Y.T. TSUI Shane F. WEIR Padraig L. WALSH Angela S.Y. YIM Adamas K.S. WONG Secretary: Assistant Director, Practitioners Affairs (II) Secretary: Assistant Director, Practitioners Affairs (I) 72

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Land Use Planning and Environmental Liaison Committee with the Police Law Committee Junius K.Y. HO E. John DAVISON (Chair) Ambrose S.K. LAM IP Shing Hing MA Shiu Ngok Andrew W.Y. NG Melissa K. PANG Christopher TUNG Kevin STEEL Secretary: Assistant Director, Practitioners Affairs (I) Secretary: Director of Practitioners Affairs Mediation Committee Legal Aid Committee Cecilia K.W. WONG (Chair) Geoffrey N. BOOTH (joined in October) Dennis C.K. HO (Chair) Bernard M. FLEMING Patrick M. BURKE Daphne F.Y. LO Sherlynn G. CHAN LAM Tze Yan Junius K.Y. HO G.T. LUNG Rebecca V.I. HO Maureen E. MUELLER J.C. Nicholas MILLAR Melissa K. PANG Melissa K. PANG Catherine K.G. POR TANG Chi Keung H.H. SHUM Michael J. VIDLER Jody K.Y. SIN Dr. WAN Charn Wing Sylvia W.Y. SIU Secretary: Assistant Director, Practitioners Affairs (II) Secretary: Director of Practitioners Affairs Liaison Committee with the CSD Personal Injuries Committee Bucky K.H. CHAN Mark F. REEVES (Chair) Paul M.W. LI Patrick M. BURKE Kenneth H.S. NG Eliza L.S. CHANG Secretary: Director of Practitioners Affairs Anthony L.C. CHIU Christina W.C. HUNG Vitus W.H. LEUNG J.C. Nicholas MILLAR Amirali B. NASIR Szwina S.K. PANG Tommy K.M. WONG Secretary: Director of Practitioners Affairs 73

The Law Society of Hong Kong Probate Committee Property Committee Herbert H.K. TSOI (Chair) Lilian S.F. CHIANG (Chair) AU Miu Po Dora W.Y. CHAN (resigned in June) Viola HUNG Debbie F. CHEUNG Angelina LUK Keith P.K. CHEUNG Billy W.Y. MA Tommy K.K. CHUNG NG Kin Yuen Doreen Y.F. KONG TAM Sau Hing Emily Y.M. LAM TSANG Kam Chuen Dennis W.C. LI WONG Tak Shing Amanda L.Y. LIU Billy W.Y. MA Secretary: Assistant Director, Practitioners Affairs (I) Lilian P.Y. MAK WONG Man Wa Joint Standing Committee on Probate Practice Cleresa P.Y. WONG David P.H. WONG Herbert H.K. TSOI AU Miu Po Secretary: Assistant Director, Practitioners Affairs (I) Viola HUNG Angelina LUK Solicitor Advocates Interest Group Billy W.Y. MA NG Kin Yuen Geoffrey N. BOOTH TAM Sau Hing Denis G. BROCK TSANG Kam Chuen Christopher J. DOBBY WONG Tak Shing Matthew P. GEARING Nicholas D. HUNSWORTH Secretary: Assistant Director, Practitioners Affairs (I) Jason D. KARAS KWAN Tak Hong Jonathan N. MIDGLEY Gerald S.P. MITCHARD Ludwig S.W. NG Gary A. SEIB Kareena P.G. TEH Richard M. TOLLAN Yang Ing LOONG Secretary: Director of Practitioners Affairs 74

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Retirement Schemes Committee Transportation and Logistics Committee David G. ADAMS (Chair until October) Steven J. WISE (Chair) Sophia W.Y. MAN (Chair from November) Victor S.H. CHAN Cynthia W.S. CHUNG Matthew H.Y. LAM Christine M. KOO (resigned from October) LI Lianjun Martin C.v.M. LISTER LEUNG Wai Lim Billy W.Y. MA Gillian E. MELLER TAM Chi Wai Robert C. RHODA WEI Chung Yin TSUI Kwok Sum Judy YANG Jason H. WEBBER WONG Yiu Chung Secretary: Assistant Director, Practitioners Affairs (I) Eric H.Y. WOO Revenue Law Committee Secretary: Assistant Director, Practitioners Affairs (II) Steven R. SIEKER (Chair) Working Party on Charities and Trust C.M. CHAN Sally S.W. IP E. John DAVISON (Chair) Vincent P.C. KWAN C.M. CHAN Angela Y.L. LAU Brian W. GILCHRIST Simon J.G. RAE Lester G. HUANG Jacqueline Y.M. SHEK Jacqueline Y.M. SHEK Stephen M. VINE Secretary: Assistant Director, Practitioners Affairs (II) Careen H.Y. WONG WONG Tak Shing Reverse Mortgage Committee Billy W.Y. MA (Chair) Secretary: Assistant Director, Practitioners Affairs (II) Heidi K. P. CHU (joined in October) Junius K.Y. HO Emily Y.M. LAM Steven M.W. SHUM Sharon S.Y. TAM Secretary: Assistant Director, Practitioners Affairs (I) 75

The Law Society of Hong Kong Working Party on Enduring Powers of Attorney Working Party on Judiciary’s Information Technology Plan Billy W.Y. MA (Chair) E. John DAVISON Angelina LUK Amirali B. NASIR (Chair) Herbert H.K. TSOI Nick CHAN Cecilia K.W. WONG Dominic A. GEISER Johnny C.H. HO Secretary: Assistant Director, Practitioners Affairs (I) Richard KEADY Sebastian Y.F. KO Working Party on Enforcement in Civil Proceedings Philip Z.F. Kwok Kane K.F. MAK Thomas S.T. SO (Chair) SIM Sze Kuan CHIU Koon Shou D. Nigel FRANCIS Secretary: Director of Practitioners Affairs Dennis C.K. HO Rebecca V.I. HO Working Party on Review of Non-Consent Barbara A. HUNG Scheme Forms Brenda F. LEE Ludwig S.W. NG Amanda L.Y. LIU (Chair) Catherine K.G. POR Doreen Y.F. KONG TONG Wui Tung LUI Yiu Fai King K.L. WONG WONG Man Wa Secretary: Assistant Director, Practitioners Affairs (I) Secretary: Assistant Director, Practitioners Affairs (II) Working Party on Revised DMC Guidelines Working Party on Interpreters Doreen Y.F KONG (Chair) Maggie K.K. CHEUNG Michael J. VIDLER (Chair) Diana P.Y. HO Patrick M. BURKE LEUNG Siu Hon Karen McCLELLAN MA Ho Fai WAN Shiu Man Secretary: Assistant Director, Practitioners Affairs (II) Secretary: Assistant Director, Practitioners Affairs (I) 76

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Working Party on Taxation in Civil Proceedings Working Party on Data Privacy and Records Management Amirali B. NASIR (Chair) Patrick M. BURKE CHIU Koon Shou Simon BERRY (Chair) Ian R. DE WITT Mark CHIU Nicholas D. HUNSWORTH Paul HASWELL Lily Y.Y. LAI Philip KWOK Mark F. REEVES Chloe LEE Kenneth W.Y. WONG Mark LIN Rebecca LO Secretary: Director of Practitioners Affairs Eric TANG Kenneth YUNG Secretary: Director of Practitioners Affairs Practitioners Affairs Department 77

The Law Society of Hong Kong Standing Committee on Anti-Money Laundering Committee Standards and Development Michael J. LINTERN-SMITH (Chair) Denis G. BROCK (Chair) (6/8) Jason D. CARMICHAEL (joined in December) (6/8) C.M. CHAN Serina K.S. CHAN (4/8) Anthony L.C. CHIU (joined in December) (3/8) Simon R. DEANE (joined in December) Simon S.C. LAI (2/3) Serge G. FAFALEN (4/8) Danny C.M. LEUNG Bonita B.Y. CHAN (5/8) Alan H. LINNING (0/8) Amirali B. NASIR Calvin K. CHENG (joined in August) (4/8) SHUM Hin Han (8/8) Kareena P.G. TEH Heidi H.Y. CHUI (6/8) Violante Y.K. YEUNG (7/8) Albert T. DA ROSA JR. (5/8) (5/8) Mark DALY (5/8) (3/8) Brian W. GILCHRIST (0/8) (6/8) HAU Pak Sun (7/8) (2/3) Stephen W.S. HUNG Secretary: Assistant Director, Regulation and Guidance (I) IP Shing Hing Catherine L.M. MUN Jonathan ROSS Continuing Professional Development Committee Peter K.P. SIT Thomas S.T. SO Adamas K.S. WONG (Chair) Professor Douglas ARNER (joined in September) Simon S.P. TANG Ram D. BIALA (joined in September) Serina K.S. CHAN Careen H.Y. WONG Janice K.C. CHANG Iris CHEUNG Adamas K.S. WONG Johnny C.M. FEE Stephanie W.Y.LAU Christopher K.K. YU (joined in August) Alexandra D.W. LO Michael A. OLESNICKY Secretary: Director of Standards and Development Stuart VALENTINE Note: Figure shown in the “( )” denote the meeting attendance during the year. Secretary: Director of Standards and Development 78

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 CPD Accreditation Sub-committee Guidance Committee Sandy H.Y. WONG (Chair) Stephanie S.Y. CHEUNG (Chair) Professor Douglas ARNER (joined in February) Serina K.S. CHAN (joined in October) Michael Halley BECKETT CHIU Koon Shou Ram D. BIALA (joined in February) Donny S.K. CHIU Simon M.Y. CHAN (joined in February) Gladys K.M. LO Francis K.W. CHEN (joined in February) Patrick R. MOSS Heidi H.Y. CHUI (joined in February) Amirali B. NASIR Johnny C.M. FEE (joined in February) Frank C.F. NG Bernard M. FLEMING Gregory D. PAYNE John D.S. HO Johnson M.H. TSANG Gerald H.C. LAM Stephen W.K. LAU Secretary: Assistant Director, Regulation and Albert K.M. LEUNG Guidance (I) Maureen MUELLER Jody K.Y. SIN Guidance Sub-committee to Review Rule 5AA of the Christopher H.W. SO Solicitors’ Practice Rules WAN Charn Wing Sarah S.N. WONG Amirali B. NASIR (Chair) Stephen W.K. LAU Secretary: Assistant Director, Professional Billy W.Y. MA Development Careen H.Y. WONG OLQE Eligibility and Exemption Committee Secretary Assistant Director, Regulation and Guidance (I) Denis G. BROCK (Chair) Legal Education Committee John C.K. CHAN Raymond CHAN (joined in December) Stephen W.S. HUNG (Chair) Alexander G. FACEY (joined in December) Bonita B.Y. CHAN Carmel A. GREEN (retired in October) Nick CHAN Olivia H.Y. KUNG Michael P.K. CHAN LI Huanting John J. CLANCEY Jonathan ROSS Dennis Y.F HA SIN Ping Kwan Nancy B.Y. LEUNG Rupert C. SKRINE Michelle W.T. TSOI Maëva L. SLOTINE Kenny K.S. WONG Adrian K.M. WONG Secretary: Assistant Director, Regulation and Felix K.Y. YAU Guidance (II) Dieter YIH Secretary: Director of Standards and Development 79

The Law Society of Hong Kong Mediator and Parenting Coordinator HEAD II: Civil and Criminal Procedure Admission Committee James E. JAMISON (Convenor) Cecilia K.W. WONG (Chair) Amanda WHITFORT (Convenor) CHAN Bing Woon (Vice-Chair) Simon D. L. CHENG Michael Halley BECKETT William M. P. CHUA Maureen E. MUELLER William S. CLARKE Catherine L.M. MUN Louis K.L. FUNG Jody K.Y. SIN Julienne JEN Nancy B.Y. LEUNG Secretary: Dispute Resolution Coordinator Simon D. POWELL John R. READING, S.C. Overseas Lawyers Qualification Examination Martin D. ROGERS Committee Bernard K.F. SIU Donna L. WACKER (Chair) Denis G. BROCK HEAD III: Commercial and Company Law Bonita B.Y. CHAN Mark J. STEVENS (Convenor) Mary W.Y. AU-YUENG Nick CHAN Felix W.H. CHAN Peter C.H. CHAN Darcy Lynn DAVISON-ROBERTS Shirley S.L. CHUA Professor Dennis H.F. HIE Eviana B.Y. LEUNG (joined in October) Michelle P.Y. LIU Alexandra D.W. LO James C. LIN (resigned in May) Daphne F.Y. LO Adrian K.M. WONG Mark LIN Secretary: Director of Standards and Development Overseas Lawyers Examination Panel Convenors Malcolm MERRY (Chief Examiner) HEAD I: Conveyancing HEAD IV: Accounts and Professional Conduct Alexander H.S. LEUNG (Acting Convenor Colin B. COHEN (Convenor) from September) Gary MEGGITT (Convenor from April) Myrette J. FOK (Convenor) Late Professor Michael (Convenor until February) George C.C. CHEUNG (joined in April) WILKINSON Wilson W.S. CHOW Adrian J. HALKES (joined in April) Alisa W.C. KWAN Vicci Y.J. LAU Professor Michael LOWER Ludwig S.W. NG George S.K. NGAI Peter K.P. SIT Simon J. REID-KAY 80

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 HEAD V: Principles of Common Law RME Accreditation Sub-committee Peter F. RHODES (Convenor) Thomas S.T. SO (Chair) Adrian K.M. WONG (Convenor) Serina K.S. CHAN Shirley S.L. CHUA Gloria W.F. CHEUNG William M. P. CHUA Heidi H.Y. CHUI Colin B. COHEN Professor Dennis H.F. HIE Julianne P. DOE Christopher KNIGHT Louis K.L. FUNG Alan M.B. LAM James E. JAMISON Catherine L.M. MUN Anthony F. NEOH, S.C. John Y.C. LEE Andrew J. RAFFELL John R. READING, S.C. Secretary: Director of Standards and Development Symon Y. W. WONG Trainee Solicitors Committee HEAD VI: Hong Kong Constitutional Law Serina K.S. CHAN (Chair) John T. HARTLEY Danny GITTINGS (Convenor) Professor Dennis H.F. HIE Karen S.K. LAM William S. CLARKE Daphne F.Y. LO David Y.C. LUK Professor Lin FENG (resigned in January) Ivan C.K. NG Professor Luke MARSH (joined in April) Professor Michael RAMSDEN Professor Stephen THOMSON Professor ZHU Guobin Secretary: Director of Standards and Development Risk Management Education Committee Solicitors’ Accounts Rules Committee Cecilia K.W. WONG (Chair) Amirali B. NASIR (Chair) Warren P. GANESH (Vice-Chair) Connie CARMICHAEL Gloria W.F. CHEUNG Serina K.S. CHAN Stephen W.S. HUNG Colin B. COHEN Hilda LAM Brian W. GILCHRIST Vicky W.K. MAN Thomas S.T. SO Thomas S.T. SO Careen H.Y. WONG Anny T.C. WU Secretary: Director of Standards and Development Secretary: Assistant Director, Regulation and Guidance (I) 81

The Law Society of Hong Kong Guide Working Party Working Party on Solicitors’ Practice Rules Amirali B. NASIR (Chair) Amirali B. NASIR (Chair) CHIU Koon Shou (retired in October) Colin B. COHEN (until February) Anthony L.C. CHIU (joined in February) IP Shing Hing LEE Yuen Chuen (joined in February) Patrick R. MOSS Patrick R. MOSS NG Ching Wo Peter K.P. SIT (until February) Ivan C.K. NG Late Professor Michael Late Professor Michael WILKINSON WILKINSON Careen H.Y. WONG Secretary: Assistant Director, Regulation and Guidance (II) Secretary: Director of Standards and Development Working Party on the Practising Certificate Working Party on Practice in Service Centres, at (Special Conditions) Rules Home, in Domestic Premises or by Virtual Offices Simon S.P. TANG (Chair) Warren P. GANESH Stephen W.S. HUNG PANG Kam Wing (Chair) IP Shing Hing Nick CHAN (joined in February) Henson LAM Mark DALY Thomas S.T. SO Sebastian Y.F. KO Margot TUNG Vivien LEE Rendy K.M. Ng Secretary: Assistant Director, Regulation and Guidance (I) SZETO Wai Sun TONG Wai Lun Working Party on Solicitor Corporation Rules Margot TUNG Edmond M.Y. YEUNG Junius K.Y. HO (Chair) YU Pui Hang YUEN Tat Tong Serina K.S. CHAN (resigned in July) Warren P. GANESH Secretary: Assistant Director, Regulation and Guidance (II) IP Shing Hing Frederick K.C. KAN (resigned in July) Working Group on the Common Entrance Examination Position Paper Christopher E.M. LAMBERT Amirali B. NASIR Ivan C.K. NG Stephen W.S. HUNG (Chair) Nick CHAN Melissa K. PANG Heidi K.P. CHU Brian W. GILCHRIST Peter K.P. SIT Simon S.C. LAI Melissa K. PANG Cecilia K.W. WONG Thomas S.T. SO Dieter YIH Secretary: Director of Standards and Development Secretary: Director of Standards and Development 82

Membership of Standing Committees, Committees, Working Groups, Working Parties and Organising Committees / Annual Report 2019 Working Group on Proactive Management Based Working Group on Registered Foreign Lawyers Regulation Stephen W.S. HUNG (Chair) Denis G. BROCK Thomas S.T. SO (Chair) C.M. CHAN Ian P.N. CHU Heidi K.P. CHU Rossana C.M. CHU Brian W. GILCHRIST Antony M. DAPIRAN Melissa K. PANG Rosetta Y.S. KWOK Jonathan ROSS Stephanie W.Y. LAU Thomas S.T. SO Evianna B.Y. LEUNG Henry P.H. YU Secretary: Director of Standards and Development Careen H.Y. WONG Secretary: Director of Standards and Development Standards and Development Department 83

The Law Society of Hong Kong LAW SOCIETY REPRESENTATIVES ON STATUTORY OR OFFICIAL COMMITTEES Advisory Committee on Pilot Scheme for Correctional Services Department – Law Society Provision of Publicly-funded Legal Assistance for Liaison Committee Non-refoulement Claimants Bucky K.H. CHAN Amirali B. NASIR Paul M.W. LI Kenneth H.S. NG Advisory Group on Modernisation of Corporate Insolvency Law Department of Justice – Working Group on Keith M.K. HO Class Action Huen WONG Business of Intellectual Property Asia Steering Committee District Court Rules Committee Kenny K.S. WONG Amirali B. NASIR City University of Hong Kong – Law School Board Duty Lawyer Service Council Melissa K. PANG Bonita B.Y. CHAN Stephen W.S. HUNG City University of Hong Kong – PCLL Academic Board Kenneth H.S. NG Bonita B.Y. CHAN Cecilia K.W. WONG Nick CHAN Huen WONG Election Committee of the 23rd Session of Felix K.Y. YAU Advice Management Committee of Hong Kong Teacher’s Centre Companies Registry Customer Liaison Group Nick CHAN Jane M.S. NG High Court Rules Committee Costs Committee Denis G. BROCK Denis G. BROCK Amirali B. NASIR Amirali B. NASIR Melissa K. PANG Higher Rights Assessment Board Robert C. RHODA Denis G. BROCK Bonita B.Y. CHAN Court of Final Appeal Rules Committee Melissa K. PANG Denis G. BROCK Brian W. GILCHRIST Hong Kong Bar Association – Free Legal Service Scheme Advisory Board Criminal Procedure Rules Committee Mark DALY Eric T.M. CHEUNG Hong Kong Building Rehabilitation Facilitation Working Group on The Review of Criminal Services Limited – Service Providers Committee Legal Aid Fees System and Promotion Committee Stephen W.S. HUNG Doreen Y.F. KONG Kenneth H.S NG 84

Law Society Representatives On Statutory or Official Committees / Annual Report 2019 Hong Kong Coalition of Professional Services Limited Hong Kong Trade Development Council – Melissa K. PANG Professional Services Advisory Committee Melissa K. PANG Hong Kong Council of Social Service – Steering Committee for Community Housing Movement Intellectual Property Department – Focus Group on Project Review of the Patent System in Hong Kong Melissa K. PANG Henry J.H. WHEARE Kenny K.S WONG Hong Kong Council of Volunteering Melissa K. PANG International Association of Young Lawyers Louise K.F. WONG Hong Kong Institute of Certified Public Accountants – Disciplinary Panel A International Bar Association – Bar Issues C.M. CHAN Commission Heidi K.P. CHU Hong Kong Institute of Certified Public Amirali B. NASIR Accountants – Ethics Committee Melissa K. PANG Amirali B. NASIR International Bar Association – Council Amirali B. NASIR Hong Kong International Arbitration Melissa K. PANG Centre – Appointment Advisory Board Melissa K. PANG International Bar Association – Young Lawyers’ Committee National Representative Hong Kong Legislation Database User Liaison Group SHUM Hin Han Stephen W.S. HUNG Hong Kong Mediation Accreditation Joint Liaison Committee on Taxation Association Limited (until October) Simon J.G. REA (from October) Cecilia K.W. WONG (from October) Steven R. SIEKER Melissa K. PANG Joint Mediation Helpline Office Hong Kong Mediation Accreditation Association Melissa K. PANG Limited – Mediation Accreditation Committee Cecilia K.W. WONG Sylvia W.Y. SIU Judicial Officers Recommendation Commission Hong Kong Mediation Accreditation Association Limited – Communications and Publicity Committee Stephen W.S. HUNG (until June) Thomas S.T. SO (from July) Sylvia W.Y. SIU 85

The Law Society of Hong Kong Judiciary – Civil Justice Reform Monitoring Land Title Ordinance – Title Registration Committee Education Committee Brian W. GILCHRIST Lilian S.F. CHIANG Doreen Y.F. KONG Judiciary – Working Group on Children and Ancillary LUI Yiu Fai Relief Procedures in Family Proceedings WONG Man Wa Dennis C. K. HO LawAsia Council Land Registry Customer Liaison Group C.M. CHAN (Private Sector) Melissa K. PANG AU Kin Man LawAsia Executive Committee AU Man Chun Melissa K. PANG Alson CHAI Doreen Y.F. KONG Legal Aid Services Council – Interest Group on LAM Man Yee Processing, Assignment and Monitoring of LEONG Chi Wai Assigned-Out Cases Land Registry Joint Standing Committee Patrick BURKE Melissa K. PANG Emily Y.M. LAM Billy W.Y. MA Legal Aid Services Council – Interest Group on Terry P.L. YEUNG Scope of Legal Aid Sylvia W.Y. SIU Patrick M. BURKE Land Survey Ordinance (Ch.473) Disciplinary Rebecca HO Board Panel Mr. Justice Pickering Memorial Fund Serina K.S. CHAN Billy W.Y. MA Land Titles Ordinance Review Committee Peter P. AHERNE Official Receiver’s Office Services Advisory Doreen Y.F. KONG Committee NGAN On Tak WONG Man Wa (until April) Junius K.Y. HO (until May) Debbie F. CHEUNG (from June) Richard M. TOLLAN (until April) Ian R. DE WITT (from May) Land Titles Ordinance Steering Committee Ludwig S.W. NG (from May) Lilian S.F. CHIANG Organising Committee of the 2019/2021 Family-Friendly Employers Award Scheme Cecilia K.W. WONG 86

Law Society Representatives On Statutory or Official Committees / Annual Report 2019 Police/Law Society Liaison Committee The Hong Kong Institute of Surveyors – Advisory Board Junius K.Y. HO Ambrose S.K. LAM Amirali B. NASIR MA Shiu Ngok Melissa K. PANG The Joint Professional Centre Limited Kevin STEEL Heidi K.P. CHU Social Workers Registration Board – Assessment Panel Billy W.Y. MA (until March) C.M. CHAN Careen H.Y. WONG (from March) The University of Hong Kong – PCLL Academic Board Standing Committee on Legal Education Bonita B.Y. CHAN (from April) and Training Serina K.S. CHAN Nick CHAN (until March) Nick CHAN (until August) (from August) Stephen W.S. HUNG (from April) Brian W. GILCHRIST (until August) Michelle W.T. TSOI Simon S.C. LAI (from August) Felix K.Y. YAU (until March) Dieter YIH Vivien LEE The Chinese University of Hong Kong – The University of Hong Kong – Board of PCLL Academic Board Faculty of Law Stephen W.S. HUNG Thomas S.T. SO Huen WONG (until June) Union International Des Advocats Amirali B. NASIR The Hong Kong Coalition of Service Industries – Executive Committee Young Coalition Professional Group of The Hong Kong Coalition of Professional Services Melissa K. PANG Serina K.S. CHAN The Hong Kong Institute of Architects – Sebastian Y.F. KO Advisory Board Amirali B. NASIR 87

The Law Society of Hong Kong INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE LAW SOCIETY OF HONG KONG (Incorporated in Hong Kong and limited by guarantee) OPINION We have audited the financial statements of The Law Society of Hong Kong (“The Law Society”) set out on pages 91 to 116, which comprise the statement of financial position as at 31 December 2019, the statement of profit or loss and other comprehensive income, the statement of changes in equity and the cash flow statement for the year then ended and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the financial statements give a true and fair view of the financial position of The Law Society as at 31 December 2019 and of its financial performance and its cash flows for the year then ended in accordance with the applicable Hong Kong Financial Reporting Standards (“HKFRSs”) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) that are relevant to these financial statements and have been properly prepared in compliance with the Hong Kong Companies Ordinance. BASIS FOR OPINION We conducted our audit in accordance with Hong Kong Standards on Auditing (“HKSAs”) issued by the HKICPA. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of The Law Society in accordance with the HKICPA’s Code of Ethics for Professional Accountants (“the Code”) and we have fulfilled our other ethical responsibilities in accordance with the Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. INFORMATION OTHER THAN THE FINANCIAL STATEMENTS AND AUDITOR’S REPORT THEREON The Council Members are responsible for the other information. The other information comprises all the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 88

Annual Report 2019 RESPONSIBILITIES OF THE COUNCIL MEMBERS FOR THE FINANCIAL STATEMENTS The Council Members are responsible for the preparation of the financial statements that give a true and fair view in accordance with applicable HKFRSs issued by the HKICPA that are relevant to these financial statements and the Hong Kong Companies Ordinance and for such internal control as the Council Members determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Council Members are responsible for assessing The Law Society’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Council Members either intend to liquidate The Law Society or to cease operations, or have no realistic alternative but to do so. AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. This report is made solely to you, as a body, in accordance with section 405 of the Hong Kong Companies Ordinance, and for no other purpose. We do not assume responsibility towards or accept liability to any other person for the contents of this report. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with HKSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with HKSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: – Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. – Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of The Law Society’s internal control. – Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Council Members. 89

The Law Society of Hong Kong INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE LAW SOCIETY OF HONG KONG (Incorporated in Hong Kong and limited by guarantee) AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS (CONTINUED) – Conclude on the appropriateness of the Council Members’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on The Law Society’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause The Law Society to cease to continue as a going concern. – Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with the Council Members regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. KPMG Certified Public Accountants 8th Floor, Prince’s Building 10 Chater Road Central, Hong Kong 17 March 2020 90

Annual Report 2019 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2019 (Expressed in Hong Kong dollars) Note 2019 2018 (Note) Income 3 $ 131,271,112 $ 112,663,618 Staff costs Office expenses 4(a) (63,913,246) (58,963,104) Depreciation Members’ expenses 4(b) (5,684,628) (5,514,058) Other operating expenses 7 (4,199,757) (4,230,920) Surplus before taxation Income tax 4(c) (7,291,976) (6,471,214) Surplus and total comprehensive income for the year 4(d) (30,848,933) (27,417,405) 4 $ 19,332,572 $ 10,066,917 6(a) (19,125) (161,612) $ 19,313,447 $ 9,905,305 Note: The Law Society has initially applied HKFRS 16 of 1 January 2019 using the modified retrospective approach. Under the approach, the comparative information is not restated. See note 2(c). The notes on pages 95 to 116 form part of these financial statements. 91

The Law Society of Hong Kong STATEMENT OF FINANCIAL POSITION At 31 December 2019 (Expressed in Hong Kong dollars) Note 2019 2018 (Note) Non-current assets 7 $ 112,234,342 $ 115,367,280 Property, plant and equipment 8 20 22 Investments in subsidiaries 13(b) Deferred tax assets 291,255 310,380 9 $ 112,525,617 $ 115,677,682 Current assets 10 Deposits, prepayments and other receivables 11 $ 5,904,916 $ 2,867,355 Amount due from a related company 540,818 549,917 Cash and deposits with banks 219,400,922 195,947,418 Current liabilities $ 225,846,656 $ 199,364,690 Membership, practising certificate and other fees 12(a) $ 84,333,044 $ 81,221,580 received in advance 12 34,230,854 33,325,864 Creditors and accrued charges $ 118,563,898 $ 114,547,444 Net current assets $ 107,282,758 $ 84,817,246 Net assets $ 219,808,375 Representing: $ 200,494,928 Accumulated surpluses and reserves $ 219,808,375 $ 200,494,928 Approved and authorised for issue by the Council on 17 March 2020. Council Members Secretary General Heidi K. P. Chu Melissa K. Pang Amirali B. Nasir Note: The Law Society has initially applied HKFRS 16 of 1 January 2019 using the modified retrospective approach. Under the approach, the comparative information is not restated. See note 2(c). The notes on pages 95 to 116 form part of these financial statements. 92

Annual Report 2019 STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2019 (Expressed in Hong Kong dollars) Accumulated Reserve for Total Surplus regulatory costs (note(i)) Balance at 1 January 2018 $ 180,589,623 $ 10,000,000 $ 190,589,623 Changes in equity for 2018: Surplus and total comprehensive income 9,905,305 – 9,905,305 Transfer from accumulated surplus to reserve (15,000,000) 15,000,000 – for regulatory costs $ 175,494,928 $ 25,000,000 $ 200,494,928 Balance at 31 December 2018 and 1 January 2019: 19,313,447 – 19,313,447 Changes in equity for 2019: Surplus and total comprehensive income (10,000,000) 10,000,000 – Transfer from accumulated surplus to reserve $ 184,808,375 $ 35,000,000 $ 219,808,375 for regulatory costs Balance at 31 December 2019 Notes: (i) To build up a reserve for The Law Society to fulfil its statutory regulatory functions, the Council resolved on 3 December 2019 (2018: 11 December 2018) that a sum of HK$ 10 million (2018: HK$ 15 million) be transferred from The Law Society’s accumulated surplus to a special reserve for regulatory costs. (ii) The Law Society has initially applied HKFRS 16 of 1 January 2019 using the modified retrospective approach. Under the approach, the comparative information is not restated. See note 2(c). The notes on pages 95 to 116 form part of these financial statements. 93

The Law Society of Hong Kong CASH FLOW STATEMENT For the year ended 31 December 2019 (Expressed in Hong Kong dollars) Note 2019 2018 (Note) Operating activities 11(b) $ 21,032,355 $ 26,351,035 Cash generated from operations 11(a) $ 21,032,355 $ 26,351,035 Net cash generated from operating activities $ 19,129,948 $ (3,764,174) 3,487,968 2,217,462 Investing activities Decrease/(increase) in deposits with banks with maturity (1,066,819) (1,979,486) $ 21,551,097 $ (3,526,198) of more than three months at acquisition $ 42,583,452 $ 22,824,837 Interest received $ 108,905,067 Payment for the purchase of property, $ 151,488,519 86,080,230 $ 108,905,067 plant and equipment and related deposits Net cash generated from/(used in) investing activities Net increase in cash and cash equivalents Cash and cash equivalents at 1 January Cash and cash equivalents at 31 December Note: The Law Society has initially applied HKFRS 16 of 1 January 2019 using the modified retrospective approach. Under the approach, the comparative information is not restated. See note 2(c). The notes on pages 95 to 116 form part of these financial statements. 94

Annual Report 2019 NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars) 1 STATUS OF THE LAW SOCIETY The Law Society is a company limited by guarantee with no share capital. The liability of each member is limited to an amount not exceeding $ 50. As at 31 December 2019, The Law Society had 11,764 (2018: 11,266) members. 2 SIGNIFICANT ACCOUNTING POLICIES (a) Statement of compliance For the purposes of compliance with section 379 and 380 of the Hong Kong Companies Ordinance (Cap. 622), these financial statements have been prepared to present a true and fair view of the financial position and financial performance of The Law Society only. Consequently, they have been prepared in accordance with all applicable Hong Kong Financial Reporting Standards (“HKFRSs”, which term collectively includes all applicable individual Hong Kong Financial Reporting Standards, Hong Kong Accounting Standards (“HKASs”) and Interpretations) issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”), accounting principles generally accepted in Hong Kong and the requirements of the Hong Kong Companies Ordinance (Cap. 622) that are relevant to the preparation of company level financial statements by a parent company. The Law Society is a holding company as it has one subsidiary. However, The Law Society regards this subsidiary as immaterial and therefore, in accordance with section 381(3) of the Hong Kong Companies Ordinance (Cap. 622), is not required to prepare consolidated financial statements. Given the above, these financial statements are not prepared for the purposes of compliance with HKFRS 10, Consolidated financial statements, so far as the preparation of consolidated financial statements of a holding company is concerned. As a consequence, the financial statements do not give all the information required by HKFRS 10 about the economic activities of the group of which The Law Society is the parent. Furthermore, as these financial statements are prepared in respect of The Law Society only, disclosures required by HKFRS 12, Disclosures of interests in other entitles, does not apply to the financial statements. A summary of the significant accounting policies adopted by The Law Society is set out below. The HKICPA has issued certain new and revised HKFRSs that are first effective or available for early adoption for the current accounting period of The Law Society. Note 2(c) provides information on any changes in accounting policies resulting from initial application of these developments to the extent that they are relevant to The Law Society for the current and prior accounting periods reflected in these financial statements. 95

The Law Society of Hong Kong NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars) 2 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (b) Basis of preparation of the financial statements The measurement basis used in the preparation of the financial statements is the historical cost basis. The preparation of financial statements in conformity with HKFRSs requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. (c) Changes in accounting policies The HKICPA has issued a new HKFRS, HKFRS 16, Leases and a number of amendments to HKFRSs that are first effective for the current accounting period of The Law Society. None of these developments have had a material effect on how The Law Society’s results and financial position for the current or prior periods have been prepared or presented. The Law Society has not applied any new standard or interpretation that is not yet effective for the current accounting period. HKFRS 16, Leases HKFRS 16 replaces HKAS 17, Leases, and the related interpretations, HK(IFRIC) 4, Determining whether an arrangement contains a lease, HK(SIC) 15, Operating leases – incentives, and HK(SIC) 27, Evaluating the substance of transactions involving the legal form of a lease. It introduces a single accounting model for lessees, which requires a lessee to recognise a right-of-use asset and a lease liability for all leases, except for leases that have a lease term of 12 months or less (“short-term leases”) and leases of low-value assets. The lessor accounting requirements are brought forward from HKAS 17 substantially unchanged. HKFRS 16 also introduces additional qualitative and quantitative disclosure requirements which aim to enable users of the financial statements to assess the effect that leases have on the financial position, financial performance and cash flows of an entity. The Law Society has initially applied HKFRS 16 as from 1 January 2019. Comparative information has not been restated and continues to be reported under HKAS 17. 96

Annual Report 2019 2 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (c) Changes in accounting policies (continued) HKFRS 16, Leases (continued) Further details of the nature and effect of the changes to previous accounting policies and the transition options applied are set out below: a. New definition of a lease The change in the definition of a lease mainly relates to the concept of control. HKFRS 16 defines a lease on the basis of whether a customer controls the use of an identified asset for a period of time, which may be determined by a defined amount of use. Control is conveyed where the customer has both the right to direct the use of the identified asset and to obtain substantially all of the economic benefits from that use. The Law Society applies the new definition of a lease in HKFRS 16 only to contracts that were entered into or changed on or after 1 January 2019. For contracts entered into before 1 January 2019, The Law Society has used the transitional practical expedient to grandfather the previous assessment of which existing arrangements are or contain leases. Accordingly, contracts that were previously assessed as leases under HKAS 17 continue to be accounted for as leases under HKFRS 16 and contracts previously assessed as non-lease service arrangements continue to be accounted for as executory contracts. b. Lessee accounting and transitional impact HKFRS 16 eliminates the requirement for a lessee to classify leases as either operating leases or finance leases, as was previously required by HKAS 17. Instead, The Law Society is required to capitalise all leases when it is the lessee, including leases previously classified as operating leases under HKAS 17, other than those short-term leases and leases of low-value assets which are exempt. To ease the transition to HKFRS 16, The Law Society applied the recognition exemption and practical expedients at the date of initial application of HKFRS 16 that The Law Society elected not to apply the requirements of HKFRS 16 in respect of the recognition of lease liabilities and right-of-use assets to contracts that were not previously identified as containing a lease under HKAS 17. The transition and implementation of HKFRS 16 do not have significant impact to The Law Society and The Law Society only holds two interests in leasehold land and buildings as registered owner. 97

The Law Society of Hong Kong NOTES TO THE FINANCIAL STATEMENTS (Expressed in Hong Kong dollars) 2 SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) (d) Subsidiaries Subsidiaries are entities controlled by The Law Society. The Law Society controls an entity when it is exposed or has rights to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. When assessing whether The Law Society has power, only substantive rights (held by The Law Society and other parties) are considered. In The Law Society’s statement of financial position, an investment in a subsidiary is stated at cost less impairment losses (see note 2(g)). (e) Property, plant and equipment Property, plant and equipment, including right-of-use assets arising from leases of underlying property, plant and equipment (see note 2(f)) are stated at cost less accumulated depreciation and impairment losses (see note 2(g)). Depreciation is calculated to write off the cost of items of property, plant and equipment, less their estimated residual value, if any, using the straight line method over their estimated useful lives as follows: – Leasehold land is depreciated over the unexpired terms of lease; – Buildings situated on leasehold land are depreciated over the shorter of their estimated useful lives, being 25 years from the date of purchase, and the unexpired terms of lease; – Furniture, fixtures and equipment 3-5 years – Leasehold improvements 5 years Both the useful life of an asset and its residual value, if any, are reviewed annually. Gains or losses arising from the retirement or disposal of an item of property, plant and equipment are determined as the difference between the net disposal proceeds and the carrying amount of the item and are recognised in profit or loss on the date of retirement or disposal. (f) Leased assets At inception of a contract, The Law Society assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. Control is conveyed where the customer has both the right to direct the use of the identified asset and to obtain substantially all of the economic benefits from that use. 98