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Privy Council refuses to extend the Quincecare duty to protect third party beneficiaries of funds held in a bank account

United Kingdom - June 24 2022 In the recent decision of Royal Bank of Scotland International Ltd (Respondent) v JP SPC 4 and another (Appellants) (Isle of Man) [2022] UKPC 18, the…

Jojo Fan, Peter Ng, Rachael Shek

Unravelling the cryptic - Hong Kong Court helps victim recover crypto-assets against pilfering agent

Hong Kong - June 23 2022 The Hong Kong High Court has recently granted proprietary remedies over bitcoins that were misappropriated by a fraudulent agent in Nico Constantijn…

Jojo Fan, Truman Mak, Rachael Shek

Nail in the coffin for truant foreign debtors with Hong Kong link - highest court’s pragmatic approach welcome

Hong Kong - June 21 2022 The Hong Kong Court of Final Appeal has taken a practical approach in interpreting the second core requirement, out of three needed, for a Hong Kong…

Alexander Aitken, Peter Ng

Hong Kong Securities and Futures Commission seeks to bolster investor compensation remedies as part of a package of enforcement-related reforms

Hong Kong - June 20 2022 The Hong Kong Securities and Futures Commission (SFC) has proposed a number of sweeping enforcement-related reforms which would significantly enhance…

Hannah Cassidy, Natalie Curtis, Jojo Fan, Calvin To

Herbert Smith Freehills secures further victory in Hong Kong’s Court of Appeal for bank in defending liquidator claim for fraud

Hong Kong - June 20 2022 Last week, the Hong Kong Court of Appeal refused to grant liquidators (the “Liquidators“) of Galleria (Hong Kong) Limited (“Galleria“), a Hong Kong…

Peter Ng, Rachael Shek