35 Asian Legal Business | November 2024 2024 ALB China GBA In-House Teams LIST Legal Management Center, Biel Crystal Holdings Limited 伯恩光学控股有限公司法务管理中心 Hong Kong In-house Legal Team of China International Capital Corporation Limited (“CICC”) 中国国际金融股份有限公司香港法务团队 Legal & Risk Management Dept, Comba Telecom Systems Holding Limited 京信通信系统控股有限公司法务与风险管理部 Heytea In-House Team 喜茶法务部 Hive Box Legal Department 丰巢法务部 Legal and Compliance Module, Huizhou Desay SV Automotive Co., Ltd. 惠州市德赛西威汽车电子股份有限公司法务与合规模块 The Legal Affairs Department of Luk Fook Group 六福集团法务部 Legal & Compliance Department, Zone Greater China - Hong Kong & Macau, Nestlé Hong Kong Limited and Wyeth (Hong Kong) Holding Company Limited 雀巢香港有限公司及惠氏（香港）控股有限公司雀巢大中华区— 香港及澳门法律及合规部 Legal Department of Suofeiya Home Collection Co., Ltd 索菲亚家居股份有限公司法务部门 Legal Department of TanWan Games 贪玩游戏法务部 is on managing IP risks across markets, building IP assets, and safeguarding our competitive edge.” Other key tasks for GBA in-house teams include supporting new business growth, managing disputes, and facilitating overseas expansion. The Hive Box legal department remarks that their work aligns closely with business operations: “We’ve integrated legal risk control into our daily operations and are committed to enhancing proactive risk management.” CICC’s Hong Kong in-house legal team emphasizes the importance of supporting new business opportunities, like the Cross-boundary Wealth Management Connect in the Greater Bay Area. The team ensures compliance through legal reviews and risk assessments on cross-border capital flows, investor eligibility, and product scope. In addition to supporting business growth, in-house teams are focused on internal development. Two teams, including Hive Box’s, emphasize efforts to improve legal processes and standardize team skill development, ensuring ongoing growth and effectiveness in their roles. Top risk concerns What risks are GBA in-house teams most focused on? Data compliance and cybersecurity rank highest, with six teams highlighting this area, reflecting the region’s rapid digital transformation. The legal affairs department of Luk Fook Group notes, “With accelerating digital transformation and globalization, technology brings both business innovation and new legal challenges, including data privacy, AI compliance, and the impact of social media on brand reputation. Our team continuously updates policies to meet digital age requirements.” IP risks also rank high, with five teams concerned about IP-related challenges. Luk Fook’s team states, “As IP becomes a core responsibility, the scope of our role expands. The digital economy’s growth blurs industry boundaries and lengthens IP chains, increasing risks and making infringements in digital spaces more concealed and complex.” Other significant risks include regulatory challenges tied to new business initiatives, compliance issues, and, in challenging markets, an increase in supply chain disruptions and contract disputes. Supporting cross-border business All companies represented by the listed teams have achieved some degree of globalization, with Chinese firms, in particular, accelerating their global expansion over the past two years and facing growing crossborder risks.
RkJQdWJsaXNoZXIy MjA0NzE4Mw==