Tiger Asia appeal dismissed — the final word on section 213
On 30 April, the Hong Kong Court of Final Appeal, led by Chief Justice Ma, ruled in favour of the Securities and Futures Commission (SFC) in the long-running and high-profile Tiger Asia Management matter. In doing so, the Court of Final Appeal firmly put beyond doubt the broad scope of section 213 of the Securities and Futures Ordinance (SFO), to allow the SFC to combat market misconduct and protect investors.
The Court of Final Appeal’s decision means that the Court of Appeal decision handed down in February 2012 stands. That decision held that the SFC is entitled to pursue alleged wrongdoers through section 213 as a free-standing provision without the need for proceedings before the Market Misconduct Tribunal or relevant criminal court, stands…
If you are registered and logged in to the site, click on the link below to read the rest of the King & Wood Mallesons briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from King & Wood Mallesons
News from The Lawyer
Briefings from King & Wood Mallesons
Principals and contractors need to be aware that in not registering security interests under the PPSA 2009, they may risk serious consequences.
The New Companies Ordinance (NCO) will come into effect on 3 March 2014. It includes changes that affect the way documents may be executed.
Analysis from The Lawyer
Shanghai’s ground-breaking Pilot Free Trade Zone could mark the beginning of the long-awaited liberalisation of China’s legal services sector.
Hong Kong IPO activity is hotting up again, but UK legal stalwarts are looking over their shoulders as US rivals make up ground fast