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Your Legal Training Partner
Why ICLT
Professional
Faculty
practical
curriculum
customised
in-house
Why Legal Training
one lawsuit wipes out the entire year's profit
6 major legal risks which concern corporate management but often underestimated
Directors' Personal Liabilities
financial exposure, disqualification from office, and criminal penalties should their decision violate fiduciary duty
Devil between the lines
overlooking case-specific nuances and ambiguities, potentially render contract unenforceable
Unspoken Workplace Reality
frictions, generation conflict, and office politics erode morale and productivity, leading to high turnover and employee claims
AI latent Risks
compromising trade secrets and personal data, biased decision-making, and dilution of human oversight threaten operational resilience.
Cross-border trade disputes
extreme costs and logistical burdens of enforcing contracts across jurisdictions, and potential deadlock due to conflicting legal framework
Corporate Criminal Liabilities
navigating through regulatory traps while lawfully protecting corporate interest when addressing inquiries by ICAC, SFC, and the police
the actual costs
Staff Turnover Cost
HK$ 1.2 million
cost of replacement (manager, salary HK$50,000) = 90% - 200% of annual salary
(include hiring (round after round of screening & interview) and training cost, loss in productivity and morale,
and discontinuity of knowledge and expertise
Litigation Cost
HK$ 1 million +
average legal costs arising from a claim under HK$600,000 = HK$100,000+ (initial stage) and could escalate to over HK$1 million (after trial)
loser pays 60% of costs of the winning party;
Average legal costs of claims of HK$1 million to HK$3 million = HK$1 million to HK$4 million.
Employee Claims
HK$ 50K to 380K+
Hong Kong Courts award injury to feelings in discrimination / harassment claims according to the vento band; company vicariously liable for acts of employees
legal training budget is only 1.5% -3% of potential legal and turnover costs
Litigation is an eventuality, not a possibility;
the cost of defending a single lawsuit often exceeds the price of 10 years' training