Sweet treats and stamp duty

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The Hong Kong Corporate Counsel Association’s (HKCCA) Women in Law and Business panel on 17 May, in co-operation with the International Federation of Women Lawyers (FIDA), was a food lover’s delight. Executive chef Nadia El-Mahmoud Koshy recounted growing up in her parents’ restaurant, Zahra.

From left to right: Lin Shi, president of the HKCCA; Nadia El-Mahmoud Koshy, co-founder of Zahrabel Dining Club; Sandra Wong and Julie Tuan, founders of Lola’s Ice Pops and Lily & Ran Artisan Ice Cream; and Benita Yu, president of FIDA.
From left to right: Lin Shi, president of the HKCCA; Nadia El-Mahmoud Koshy, co-founder of Zahrabel Dining Club; Sandra Wong and Julie Tuan, founders of Lola’s Ice Pops and Lily & Ran Artisan Ice Cream; and Benita Yu, president of FIDA.

She and her sister founded Zahrabel Dining Club and launched it the same month her daughter was born.

Julie Tuan and Sandra Wong, makers of Lola’s Ice Pops and Lily & Ran Artisan Ice Creams, met at their children’s playgroup. Although they had no experience in the F&B business, Lola’s Ice Pops were instantly successful and luxury brands such as Chopard and Lane Crawford approached them to cater their events. Julie and Sandra have grown their families and their business, fending off an IP challenge along the way and successfully differentiating their brand from other competitors. The audience was treated with baklava from Zahrabel and seven different flavours of Lily & Ran Ice Cream.

Meanwhile, on 21 April, the HKCCA Real Estate Industry Group held their second roundtable discussion of the membership year, with speakers Chee Weng Lee, managing partner at EY, Steven Sieker, a partner at Baker McKenzie and Eddie Chi Man Hui, a professor at PolyU. The speakers candidly exchanged their views on the current stamp duties applicable to Hong Kong residential markets, and whether the government’s market cooling measures have been effective. Conversations also evolved around the implications for other markets such as the commercial space and offshore property markets.

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