Event Recap: CPD on Payment Disputes in Construction – Exploring the Security of Payment Bill in Hong Kong

On 16 October 2024, the American Academy of Project Management (AAPM) Hong Kong Chapter hosted an engaging CPD session titled "Payment Disputes in Construction: Exploring the Security of Payment Bill in Hong Kong." The event attracted professionals across the construction industry eager to explore the impact of this newly introduced legislation on payment practices and dispute resolution.

Grateful for the incredible turnout as industry professionals gathered to explore the Security of Payment Bill and its impact on payment disputes in the construction sector.

Key Highlights of the Event

The session delves into the details of the Bill, a landmark development designed to address chronic payment issues in the construction industry. Our esteemed speakers, Mr Justin Lo, Partner and Ms Vivian Wong, Counsel from Cocking & Co LLP, walked participants through the key provisions of the Bill, emphasizing its significance in promoting timely payments and minimizing disputes among contractors, subcontractors, and suppliers.

Key topics discussed included:

• Cash flow problems faced by the construction industry

• Introduction of the Construction Industry Security of Payment Bill

• Other payment dispute resolution mechanisms (arbitration, litigation, mediation)

The Importance of the Bill for the Construction Industry

One of the key takeaways from the session was the urgent need for industry players to familiarize themselves with the new Bill. With its focus on ensuring fair and timely payments, the Bill represents a proactive step towards creating a healthier and more transparent construction industry in Hong Kong. Participants gained insights into navigating the legal framework to avoid costly disputes and safeguard their businesses from potential payment defaults.

Engaging Discussions

In addition to the informative presentation, participants engaged in a lively Q&A session, where they discussed and shared insights on resolving payment disputes.

Mr. Alan Kwan, President of the American Academy of Project Management (AAPM), Hong Kong Chapter, presents Mr. Justin Lo with a Certificate of Appreciation for his valuable perspectives during the CPD session.

Mr. Alan Kwan, President of the American Academy of Project Management (AAPM), Hong Kong Chapter, presents a Certificate of Appreciation to Ms. Vivian Wong for her valuable contribution to the CPD session.

About AAPM

The American Academy of Project Management (AAPM) is a prominent international organization with over 40,000 certified members across 140+ countries, serving diverse industries. Established in the U.S. in 1951, AAPM has expanded globally, with offices and chapters in 42 countries.

AAPM promotes the advancement of project management knowledge through high-quality training, continuous research and innovation, and collaboration among project management communities. It is one of the founding organizations of the CHEA Quality Group Standards in the USA and is accredited by multiple international standards bodies.

In Mainland China, the Ministry of Industry and Information Technology Talent Exchange Center recognizes AAPM certifications and allows holders to apply for corresponding "International Registered Project Manager" credentials.

For more information, please visit www.aapmhk.org or contact the AAPM Hong Kong Chapter at enquiry@aapmhk.org.