Mr. Yeung was called to the Bar in 1997. Prior to that he was admitted as a solicitor in England and Wales and in Hong Kong and practised as a solicitor in the litigation department of an international firm. He was a contributor to Halsbury's Laws of Hong Kong Volume 18(1) Maritime Law (Butterworths) and has authored a book on the law of unjust enrichment in Hong Kong.
Course Outline:
This talk focuses on three key areas relevant to practitioners advising on matters concerned with listed companies: scheme of arrangement (privatisation), the consultation paper on backdoor listing (with update if conclusions on the consultation are published before May 2019) and market misconduct.
Recent cases and other relevant materials to be considered include:
Scheme of arrangement
An Overview
Recent Cases
Re Enice Holdings Co. Ltd. [2018] HKCU 2694
Re China Assets (Holdings) Ltd. [2017] HKCU 3119
Market misconduct
Scaffolding
The report of the Market Misconduct Tribunal into dealings in the shares QPL International Holdings Ltd. (25 February 2009)
證券及期貨事務監察委員會 訴 陳景倫及另一人 [2014] HKCU 86
Layering
Decision Notice of the Financial Conduct Authority in 7722656 Canada Inc. formerly carrying on business as Swift Trade Inc. c/o BBRMS Holdings Inc.
7722656 Canada Inc. v. Financial Conduct Authority [2013] Lloyd’s LR (FC) 381
Financial Conduct Authority v. Da Vinci Invest Ltd. and others [2016] 1 BCLC 554
Self-trades
Australian Securities Commission v. Nomura International PLC (1998) 29 ACSR 473
The report of the Market Misconduct Tribunal into dealings in the shares of Sino Katalytics Investment Corp. (16 August 2012)
Special crossings
Re Rosenberg v. Australian Securities and Investments Commissions (2010) 117 ALD 582
Stabilisation
Miscellaneous cases
The Securities and Futures Commission v. Young Bik Fung and others [2018] HKCFA 45
The Securities and Futures Commission v. Yiu Hoi Ying Charles and others [2018] HKCFA 44
The report of the Market Misconduct Tribunal into dealings in the shares of Citic Ltd. (7 April 2017)
Securities and Futures Commission v. Qunxing Paper Holdings Co. Ltd. and others [2018] 4 HKC 465
Backdoor listing
Hong Kong Stock Exchange’s Consultation Paper on Backdoor Listing, Continuing Listing Criteria and Other Rule Amendments (25 Sep 2018)
