Power of Attorney

Power of Attorney Case in Hong Kong

Power of attorneyRecently, we had a case where an Executor was acting under a standard general UK Power of Attorney and the Hong Kong Probate Registry took the view that it was ineffective to cover the reseal and transfer of the shares in Hong Kong. A new Power of Attorney had to be executed.

In order to avoid this problem, if you know that your client has Hong Kong assets, please make sure that any Power of Attorney includes the power to apply for Grant of Probate and/or reseal in Hong Kong, and the power to subsequently sell the shares.

Read more about the Grant of Probate here.

 

Slide I have been extremely impressed with the service received and won't hesitate to both use and recommend share data's services in the future. Jennifer B, David Auld & Co Solicitors Slide My firm have used share data for their medallion guarantee services for foreign shareholders since the beginning of 2018 – each occasion has been efficient and successful which leads to happy clients. I would strongly recommend their services, with a special mention for teresa – who is friendly, helpful and gets the job done. Asset Manager Slide Share Data's service is brilliant. Currently, sorting another one for you! Deanne Taylor, Smalleys Solicitors Ltd Slide Thank you for processing our Medallion Guarantee and for all of your assistance leading up to it. Share Data have a great service. Walker Crips Investment Management