The Hong Kong Court of Final Appeal has held that the Securities and Futures Commission (SFC) can serve overseas defendants as of right, without needing the court’s permission, making it easier for the SFC to go after persons...more
The Court of First Instance has dismissed a judicial review application against certain provisions in the Securities and Futures Ordinance (Cap. 571) (SFO) which empower the Securities and Futures Commission (SFC) to issue...more
On 12 October 2018, the Court of Final Appeal (CFA) found former executives of a listed company, Asia TeleMedia Limited (ATML) culpable for insider dealing. The majority four to one decision examines the "innocent purpose"...more
In late February, the SFC published its Enforcement Reporter setting out its enforcement priorities and approaches for 2018. The SFC emphasized its enhanced cross-divisional collaborative approach with more targeted...more
3/12/2018
/ Consumer Financial Products ,
Corporate Fraud ,
Corporate Misconduct ,
Corruption ,
Cross-Border Transactions ,
Enforcement Actions ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Hong Kong Stock Exchange ,
Insider Trading ,
Money Laundering ,
White Collar Crimes
The Market Misconduct Tribunal (MMT) recently disagreed with the Securities and Futures Commission, holding that an executive director and a number of non-executive directors did not commit the market misconduct of...more