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Section 213 sfo

Web16 May 2013 · Section 213 orders serve a different purpose from the penalties that can be imposed by a criminal court or the MMT: while the latter are imposed in the public interest of punishing prohibited acts, the former are remedial in nature and are in the collective interests of persons dealing in the market who have been injured by market misconduct. Web24 May 2024 · civil or criminal liability for disclosure of false or misleading information inducing transactions under section 277 or 298 of the Securities and Futures Ordinance (SFO) (plus potential liability in connection with remedial or other orders under section 213 SFO proceedings); or;

APAC Monthly Private Wealth Legal Developments – June 2024

WebOrdinance (SFO) – paving the way for the SFC to pursue compensatory claims on behalf of investors. (See our previous client briefings for more information on the background of … WebTo print the whole chapter in HTML, please click at the bottom of the TOC panel and then click .Please set the page orientation to “Landscape” for printing of bilingual texts on a … manthyrose https://fritzsches.com

Court of Appeal upheld SFC’s appeal in Tiger Asia, confirming …

WebActing for a Korean company in section 213 SFO proceedings brought by the SFC in relation to allegations of insider dealing. The case was stuck out. Advising a leading multinational … Web25 Apr 2024 · The Securities and Futures Commission (SFC) has been proactive in utilising section 213 of the Securities and Futures Ordinance (Cap. 571) (SFO) to bring legal … Web21 Feb 2024 · Pursuant to section 213 of the SFO, the SFC sought various reliefs against the Eastmore Defendants, including a restoration order (i.e. to restore the market participants … mantic asterians

Securities and Futures (Amendment) Bill 2016: Introduction of the …

Category:SFC obtained statutory relief for investors in relation to a listed ...

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Section 213 sfo

SFO and related ordinances Securities & Futures Commission of …

http://hk-lawyer.org/content/section-213-%E2%80%93-sfc-does-it-%E2%80%9Cits-way%E2%80%9D Web13 Mar 2024 · A recent decision of the Hong Kong court relating to section 213 of the Securities and Futures Ordinance ("SFO") has potentially far reaching consequences for …

Section 213 sfo

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Web2 Dec 2024 · Section 213 of the SFO creates a statutory cause of action vested in the SFC, as a regulator, to bring an action on behalf of investors who have sustained losses from … Webcompensation since the enactment of the SFO in 2003 (and arguably, though to a limited extent, under previous legislation) (The Hong Kong Government, 2000: 80), it has made much greater use of that power since 2007.2 Its unprecedented use of sections 213 and 2014 marked the beginning of a decade-long quest to achieve what the SFC said it could

WebSection 213 SFO. Section 213 of the SFO allows the SFC to apply to the court of first instance (CFI) for a broad range of orders and injunctions where a person has contravened any provision of the Securities and Futures Ordinance or any provision of the prospectus …

Web30 Jun 2024 · Section 213 of the SFO allows the SFC to apply for injunction and other orders from the Court of First Instance (“CFI”). Under the current legislative regime, the SFC can … Web8 Mar 2016 · The SFC’s frustration with the DOJ was probably part of the reason why the SFC drove an aggressive agenda to stretch the scope of section 213 SFO. Through the …

WebPart 1 – Amendments to section 213 of the SFO to expand the basis on which the SFC may apply for remedial and other orders against a regulated person 1. Do you agree with: (i) …

Web24 Jun 2024 · Section 213 of the SFO enables the SFC to apply to the Court of First Instance for various orders including injunctions and the payment of damages, where there has … manthydroWeb12 Jul 2012 · On June 20, 2012, the Court of First Instance (the “ CFI ”) granted orders under section 213 of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) (the “ SFO ”) requiring Hontex International Holdings Company Limited (“ Hontex ”) to make a repurchase offer at HK$2.06 per share (totaling approximately HK$1 billion) to its … mantianxing fireworksWeb28 Feb 2012 · Bearing in mind the fact that (i) section 213 has broader application than the market misconduct offences (the SFC can rely on this section to seek remedies for the … kowalewski professional home servicesWeb1 Mar 2024 · This is no better demonstrated (for now) than by the SFC’s recent “s. 213” civil proceedings against China Forestry Holdings Co Ltd, two of its co-founders, two co … man thursdayWeb24 Apr 2014 · What makes section 213 so useful to the SFC is that it allows the SFC to seek a broad range of orders from the Court, including orders to freeze assets, restraining orders, and orders to unwind... man thurrockWeb17 Aug 2024 · 2. Broadly, section 213(1) of the SFO enables the to apply to the Court of SFC First Instance ("CFI") for one or more of the orders specified in section 213(1) where a … mantic games australiaWeb(1) a person shall not,directly or indirectly, in a transaction involving securities, a. employs any device, scheme or artifice with intent to defraud or deceive; or b. engages in any act, practice or course of business which is fraudulent or … manticao central school