Phoebe Fung

Senior Associate

Personal Profile

Phoebe Fung is a Senior Associate of Karas LLP.  Phoebe specialises in large scale commercial litigation and investigations involving insolvency and fraud, professional negligence, and the identification and tracing of stolen assets. Her projects are frequently multi-jurisdictional and involve obtaining urgent injunctive relief or disclosure orders, and identifying and pursuing claims against directors, auditors and banks.   

Over the course of her career, Phoebe has represented clients in a wide range of commercial disputes and regulatory matters across a variety of industry sectors, including insurance and reinsurance, banking and financial services, commercial real estate, telecommunications and energy.

Phoebe is a native English and Cantonese speaker.

Key Experience

China Medical Technologies, Inc
Conducting investigations and pursuing claims against directors, officers, auditors and banks in Hong Kong arising from the US$500 million plus collapse of a NASDAQ-listed medical technology company incorporated in the Cayman Islands with operations in Mainland China.

Conducting investigations and pursuing claims against a global accounting firm for audit negligence in relation to the HK$2 billion plus collapse of a Hong Kong‑listed pharmaceutical and medical conglomerate with operations in Mainland China.

Obtaining urgent injunctive (Mareva) relief in Hong Kong and other jurisdictions, including Singapore, Canada and the United States.

Others
Advising a global insurance broker in a complex property reinsurance dispute arising from the 2010 New Zealand Canterbury earthquakes, concerning the availability and extent of cover for a NZ$500 million plus claim.

Representing a major company in the New Zealand energy sector in investigations and prosecutions brought by New Zealand’s workplace health and safety regulator.

Representing companies from various industry sectors in fair trading and consumer finance disputes, including investigations and prosecutions brought by the New Zealand Commerce Commission.

Successfully defending a global commercial real estate services firm against claims of negligent misstatement by investors of a large property syndicatey.

Acting for a number of high net worth individuals in a multimillion dollar dispute involving claims against trustees and financial advisors for the unauthorised use and improper investment of trust funds.

Advising an ultra-high net worth individual regarding the protection of her interests in significant worldwide assets, including government-restrained property in the United States, Hong Kong and New Zealand.

Career History

  • Senior Associate, Karas LLP, 2021

  • Senior Associate, Lipman Karas Hong Kong, 2019

  • Associate, Lipman Karas Hong Kong, 2017

  • Solicitor, Minter Ellison Rudd Watts, 2012

  • Bachelor of Laws (Hons/Dean’s List) and Bachelor of Arts (Senior Scholar) Conjoint, University of Auckland (2012)

Admissions

  • High Court of Hong Kong (2017)
  • Supreme Court of New Zealand (2012)