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  Who's Who in LC World - Online

Fung King Tak


 

 
Name

Mr. Fung King Tak

Position

Banking and Finance Department of Dibb Lupton Alsop

Contact Info

kingtak.fung@dla.com
kingtak.fung@dlapiper.com
Tel. 9269 5955
Fax 2103 0716

 

 

 

KT is a Partner at the Banking and Finance Department of Dibb Lupton Alsop (“DLA”) one of the top ten international law firms in U.K. KT is admitted in Hong Kong and in England and Wales.

Prior to joining the legal profession, KT was formerly the Vice President and Head of Trade Finance at Bank of America and had been in charge of Credit, Marketing and Operations during his 13 years banking career. He regularly acts as an expert witness and gives expert opinions reports on banking and trade related issues in the Hong Kong courts. KT is a full member of the Academy of Experts of Banking and Structured Trade Finance Products.

KT has advised various international financial courts and corporations on letters of credit (“L/C’s”), bank guarantees, standby L/C’s, commercial contracts, negotiable instruments, A/C receivable financing, security taking and enforcement, banking and trade disputes, e-banking, agreements, commercial banking operations and financial products. He has successfully assisted a number of banking and commodities trading clients in resolving trade disputes involving PRC and Korean banks. He has also drafted standard commercial and retail banking documentation as well as structured trade agreements (e.g. syndicated standby L/C’s, compensation trade agreements, silent confirmation agreements, factoring and forfaiting etc.) for a diverse range of banking and commercial clients throughout the Asian region, including PRC banks. KT is fluent in English, Mandarin and Cantonese.

KT is a frequent writer and speaker on International Standard Banking Practice (“ISBP”), Incoterms 2000, International Trade Finance – UCP 500, Bank Guarantees and Standby L/C’s – Comparison between UCP 500, ISP 98 & URDG 458, Factoring and A/C Receivable Financing, Code of banking Practice, Bank Security Documents, banking Operations Law, Bills of Exchange, Cheques & Funds Transfer, International Sale Contracts and International Trade Fraud.

KT is currently a member of the Banking Commission of ICC – Hong Kong, China and is one of the experts of the ICC Documentary Instruments Dispute Resolution Expertise (“DOCDEX”) Rules.

In 2003, KT was appointed by the International Chamber of Commerce (“ICC”) to be a member of its Consultation Group on the revision of the UCP 500, the globally accepted governing rules of letters of credit. He is also the author of “Leading Court Cases on Letters of Credit” published 2004.

From 1988 to 2004, KT has been invited by over 60 institutions and banks to conduct over 200 legal and banking workshops in Hong Kong, China, Singapore, India, Indonesia and Europe. In 2004, KT was invited by the Supreme People’s Court of China to conduct an L/C workshop for over 120 PRC judges. A total of over 10.000 lawyers, bankers and business executives have attended KT’s highly interactive and entertaining workshops with excellent feedback.


 

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