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Herbert Smith Freehills LLP | Hong Kong | 29 Jun 2011

Court has no jurisdiction under Section 213 of the SFO to determine contraventions of insider dealing provisions

The Court of First Instance has ruled that it does not have jurisdiction under section 213 of the Securities and Futures Ordinance (Cap. 571) ("SFO") to make a declaration that Tiger Asia Management LLC ("Tiger Asia") engaged in insider trading contrary to section 291(5) of the SFO.

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