With a particular focus on defending professional negligence claims, Samuel Hung specialises in commercial disputes resolution.
Predominantly advising professional service firms and their insurers, including accountants, lawyers (solicitors and barristers), insurance intermediaries, financial advisers and property consultants in the defence of civil claims, Samuel also advises on regulatory investigations and disciplinary proceedings. He also provides general risk management advice to professional service firms.
Samuel has handled a number of large-scale audit negligence claims arising from high-profile collapses of listed companies tainted by management fraud (usually involving fabricated accounts, overstated sales and misappropriation of assets). He also has considerable experience advising major accountancy firms (including Big 4 firms) in relation to regulatory investigations and disciplinary actions by the Financial Reporting Council (FRC) and Hong Kong Institute of Certified Public Accountants. He also provides risk management advice to accountancy firms particularly on issues in relation to cross-border transfer of working papers.
Samuel also assists professional firms and listed company directors and senior officers responding to investigations by other regulators including the SFC, HKEx, ICAC and CCB.
He was seconded to the Office of the General Counsel at one of the "Big 4" accounting firms in 2018 assisting with its litigation and regulatory matters. He also completed two secondments with a major international insurer dealing with its financial lines and professional indemnity claims in Hong Kong.
Samuel has acted as Hong Kong monitoring counsel for insurers in a number of high-profile actions including mis-selling claims, US securities class actions and cross-border commercial crime cases. He also receives instructions from insurers to advise on insurance coverage issues (particularly on financial and property lines cases), including recently on business interruption claims arising from social protests in 2019 and COVID-19 losses.
He speaks regularly on risk management and regulatory issues to professional services firms, insurers, insurance brokers and professional regulatory organisations.
Samuel is admitted in both Hong Kong and Australia (New South Wales). He speaks English, Cantonese and Mandarin.