31 Jan 2023
THE COUNCIL OF THE LAW SOCIETY OF HONG KONG v. LI HOI KWONG (previously practising as a sole proprietor of Li & Associates)
- Citation
- [2023] HKCFI 263
- Court
- Court of First Instance
- Case number
- HCMP1616/2022
The Court held that the Council validly holds the Firm's client funds on statutory trust following the intervention and may apply a bona fide, rational and reasonable verification methodology to identify beneficially entitled claimants and distribute funds without further advertisement given delay; files may be destroyed in accordance with Law Society retention guidance and statutory record keeping rules; intervention costs are recoverable from the solicitor and may be paid from the Firm's office account and remaining client account funds; costs were ordered on a solicitor and client basis an…