by Ashford Benjamin | Nov 19, 2018 | Uncategorized
In line with recent global priorities, Hong Kong has been working towards further safeguarding financial stability by strengthening banks’ resilience to shocks. The implementation of FIRO in 20172, the statutory resolution framework, was the first step in the process....
by Ashford Benjamin | Nov 13, 2018 | Uncategorized
It was reported by the Financial Stability Board that crypto-assets, such as bitcoin and ether, reached an estimated total market capitalisation of US$830 billion on 8 January 2018. With the rapid growth of virtual assets around the world, there are also growing...
by Ashford Benjamin | Nov 8, 2018 | Uncategorized
The Court of First Instance upheld the well-established common law rule against maintenance and champerty in the recent test case of Raafat Imam v Life (China) Co Ltd[2018] HKEC 2237. The decision confirms that litigation funding agreements will not be blessed by...
by Ashford Benjamin | Nov 5, 2018 | Uncategorized
On 15 October, 2018, the Hong Kong Competition Commission (“Commission”) published a decision (“Decision”) finding that the Code of Banking Practice (“Code”) is not excluded from the application of the First Conduct Rule under the Competition Ordinance (“Ordinance”)....
by Ashford Benjamin | Oct 31, 2018 | Uncategorized
The Hong Kong Competition Commission has recently published its first decision on the exclusion of the competition rules under the Competition Ordinance. The Commission found that the Code of Banking Practice is not excluded from the prohibition...
by Ashford Benjamin | Oct 31, 2018 | Uncategorized
In the Court of Appeal (CA) decision of Securities and Futures Commission v Cheng Chak Ngok (CACV 95/2017; [2018] HKCA 590), the less disputed element of insider dealing, namely the element of “dealing” was at issue. As there was no direct evidence...
