Author

Jerald Wong

Browsing
Jerald Wong is a senior associate in Baker McKenzie’s Hong Kong office and a member of the Firm’s Dispute Resolution Group. Qualified in Hong Kong, Jerald focuses on complex litigations and arbitrations. Before joining Baker McKenzie, he worked in the projects and construction team of another international law firm. With over ten years of experience in contentious matters, Jerald has advised client on numerous complex and high-stakes cross-border litigations and arbitrations involving commercial, construction, IP, M&A, TMT, JV and shareholders disputes. He has appeared as advocate and counsel in arbitrations under the CIETAC, HKIAC, ICC, SIAC and UNCITRAL Rules, subject to a variety of governing laws.

Overview and Key Provisions In brief On 27 December 2024, the Construction Industry Security of Payment Ordinance (CISPO) was gazetted, following a nine-year consultation process. This long-anticipated legislation will cover construction contracts entered into on or after 28 August 2025. Similar legislation has been in place for some time in various other jurisdictions, such as Australia, Singapore and the United Kingdom. CISPO seeks to remedy improper payment practices in the construction industry by improving contractual…