The dispute between Hong Kong International School and its co-founder Lutheran Church-Missouri Synod (LCMS) has once again drawn attention to the financing models for such schools. LCMS refuelled the debate by suing the school’s operator, the Hong Kong International School Association Limited, for breaching an operational agreement. The operator said the allegations were false or irrelevant, adding that it is committed to supporting the international community. Hong Kong cannot be complacent. The integrity and transparency of the international, foreign and English-language education landscape are paramount to competitiveness as an international finance centre.