Legal Updates

12Dec2018

Legal update: SFC reprimands and fines SFM HK Management Limited HK$1.5 million over illegal short selling

Case Background The Securities and Futures Commission announced on 6 December 2018 that it has reprimanded and fined SFM HK Management Limited (“SFM”) for HK$1.5 million for its naked short selling, contrary to section 170 of the Securities and Futures Ordinance (“SFO”). SFM is licensed…Read More

11Dec2018

Legal update: New claim values for District Court and Small Claims Tribunal in effect

Increases to the maximum claim values in the jurisdiction of the District Court and Small Claims Tribunal came into effect on 3 December 2018, following a consultation launched by the Judiciary in August 2015 and a passing of the resolution by the Legislative Council on…Read More

30Nov2018

Legal update: What’s the problem with “gweilo” and various local slangs applied to certain ethnicities?

A discrimination claim was recently lodged with the District Court in Hong Kong by a British construction worker, against his former employer, after his employment was terminated, alleging he was racially harassed and treated less favourably by his employer and his colleagues because of his…Read More

08Nov2018

Legal update: A summary of the new SFC regulatory framework for virtual assets

Executive summary Here are the five points you need to know about the changes announced on 01 November 2018 by the Securities and Futures Commission (SFC) to the regulatory framework for virtual assets: The SFC will supervise and regulate firms that distribute in Hong Kong…Read More

05Nov2018

Legal update: Third Party Funding in Litigation, Doable?

Introduction Article 35 of the Basic Law provides that all Hong Kong residents shall have the right to access to the courts and choice of lawyers for timely protection of their lawful rights and interests. In some situations, if an intended litigant is unable to…Read More