Our firm formerly known as “Zhong Lun Law Firm” was converted to a limited liability partnership (an "LLP”) in accordance with the requirements of the Legal Practitioners Ordinance Cap 159 ("LPO") on 15th April 2021 (the “Effective Date"). Our firm is now known as “Zhong Lun Law Firm LLP”. The conversion does not, however, affect any of the rights and liabilities of the firm or any person as a partner of the firm that have been acquired, accrued or incurred before the Effective Date.

As our new name suggests, partners of our firm, subject to the provisions of Part IIAAA of the LPO, now carry on the practice of law with a degree of limited liability as from the Effective Date. In general, partners are not personally liable for the negligent or wrongful acts or omissions or misconduct (collectively, a “Default” or “Defaults”) of another partner or of an employee, agent or representative of the firm. However, each partner is personally liable for his or her own Default, and for the Defaults of those employees, agents or representatives he or she directly supervises in respect of a particular matter. The limitation on a partner's liability also does not apply if the partner knew of the Default of another person at the time of its occurrence and failed to exercise reasonable care to prevent its occurrence.

The limitation on a partner's liability also does not extend to the partner's interest in the firm's property from claims made against the firm. The firm continues to be liable for the Defaults of its partners, associates, employees, agents and representatives, and accordingly there is no reduction or limitation on the liability of the firm.

The explanation above is only a brief summary of how the liabilities of partners are affected by our firm becoming an LLP. For details, you should refer to Part II AAA of the LPO.