As many as 10,000 clients were believed to be affected by alleged breaches of fiduciary duty at Hong Kong law firm Wong, Fung & Co. Photo: Handout As many as 10,000 clients were believed to be affected by alleged breaches of fiduciary duty at Hong Kong law firm Wong, Fung & Co. Photo: Handout
As many as 10,000 clients were believed to be affected by alleged breaches of fiduciary duty at Hong Kong law firm Wong, Fung & Co. Photo: Handout
Hong Kong /  Law and Crime

Hong Kong families with money trapped in closed law firm’s frozen bank accounts turn to government for low-interest loans

  • Wong, Fung & Co, which specialises in second-hand property transactions, was shut down by the city’s Law Society over alleged breaches of fiduciary duty
  • But thousands of clients have been left on the hook, as money for pending deals was held in the firm’s accounts

Topic |   Crime in Hong Kong
Phila Siu
Phila Siu

Updated: 12:47pm, 12 Jan, 2021

Why you can trust SCMP
As many as 10,000 clients were believed to be affected by alleged breaches of fiduciary duty at Hong Kong law firm Wong, Fung & Co. Photo: Handout As many as 10,000 clients were believed to be affected by alleged breaches of fiduciary duty at Hong Kong law firm Wong, Fung & Co. Photo: Handout
As many as 10,000 clients were believed to be affected by alleged breaches of fiduciary duty at Hong Kong law firm Wong, Fung & Co. Photo: Handout
READ FULL ARTICLE