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Wisdom Hon

Senior Associate  |  Ogier
JURISDICTIONS QUALIFIED IN

British Virgin Islands
Hong Kong
England and Wales

TOP AREAS OF EXPERTISE

Trust
Estates
Family governance

Q&A

What has been the highlight of your practice over the past 12 months?

I have successfully built my practice in family governance by acting as a trusted advisor of the family to advise the family on all matters that the family is concerned about. I acted as a lead counsel to advise an expatriate blended family in Hong Kong on a challenging wealth transition process due to an unexpected demise of the patriarch. The matter involved complex issues in multiple practice areas (trust, probate and estates, family governance, family business, corporate and finance) and jurisdictions (Hong Kong, BVI, Australia and UK). We worked closely with the family and the board of the family business to analyse and resolve some common and some competing interests among the parties. My role involved leading and coordinating a team of advisors to the family as well as providing specific legal and family governance advice. The matter involved determining the validity of a BVI family trust, handling cross-border probate and estate administration in Hong Kong, Australia, UK and BVI, facilitating family arrangements for global estate distribution, setting up a family council, drafting a family constitution, safeguarding the life interest of the widow, developing policies for parties wanting to join the family business and for transferring family business ownership and negotiating the shareholders agreement with the minority shareholders of the family business. It was a very challenging matter as many different issues needed to be addressed at the same time, the blended family didn’t have any experience in working together to make decisions and the family was still struggling to cope with deep grief for the sudden loss of the patriarch.

How did you get into private client?

I trained in a boutique private client firm.

What advice would you give rising stars/new lawyers in the private client world?

Your contacts are essential. Call them, take care of them, and make relationships. Private client’s work is all about knowing people.

What is your favourite quote?

"The important thing is to not stop questioning. Curiosity has its own reason for existing." – Albert Einstein

Do you have any outside interests or hobbies?

Travelling, playing piano, calligraphy, learning new things from attending various online courses to reading and listening to audio books relating to positive psychology, emotion management, communications and humanity.

When the restaurants reopen, where would you like to go?

Ho Hak Shandong, Hong Kong.