United Kingdom - May 14 2012
On 4 May 2012, the Securities and Futures (Amendment) Ordinance 2012 (“Amendment Ordinance”) was gazetted, following the government’s consultation conclusions in February 2011 (please see our e-bulletin dated 18 March 2011 about the consultation).
Hong Kong - April 30 2012
On 22 April 2012, the Securities and Futures Commission ("SFC") announced that it revoked Mega Capital (Asia) Company Limited's ("Mega Capital") licence to advise on corporate finance and fined it HK$42 million for failing to discharge its duties as a sponsor in the listing of Hontex International Holdings Company Limited ("Hontex").
Hong Kong - April 17 2012
In Citic Pacific Limited v Secretary for Justice (unrep, CACV 60/2011), the Court of Appeal considered the legal principles relating to the nature and extent of legal professional privilege, and held that the concept of partial waiver of privilege is recognised under Hong Kong law.
Hong Kong - February 28 2012
The Securities and Futures Commission ("SFC") secured a victory in the Court of Appeal last week in its ongoing battle against the New York-based hedge fund Tiger Asia Management LLC and several of its officers.
Hong Kong - January 9 2012
On 12 December 2011, the Hong Kong Food and Health Bureau launched a two-month public consultation on the Legal, Privacy and Security Framework for a territory-wide patient-orientated Electronic Health Record (eHR) Sharing System as part of a proposed reform of the Hong Kong healthcare system.
