X
    X
    X
    X

    Hong Kong Team Victorious in Recent Case Against SFC

    On April 22, 2016, in the matter of DCCC 23/2015, the District Court of Hong Kong acquitted Sin Chung Yin Ronald (Sin) and IPFUND Asset Management Limited (IPFUND) of all charges with costs awarded in our clients' favor, in proceedings brought by the Securities and Futures Commission (SFC). This was the first prosecution of a case for unlicensed dealing in interest in collective investment schemes (CIS) heard by a court in Hong Kong. IPFUND and Sin, co-defendants represented by Locke Lord, had pleaded not guilty of charges. The SFC alleged that between February 2011 and December 2011, IPFUND and Sin, both of whom have never been licensed by the SFC, offered and disposed of interests in 16 collective investment schemes to investors. The Locke Lord trial team included Wing Cheung and Max Hui (of the Hong Kong office). 
    Posted April 22, 2016

    Explore Additional Topics

    Disclaimer

    Please understand that your communications with Locke Lord LLP through this website do not constitute or create an attorney-client relationship with Locke Lord LLP. Any information you send to Locke Lord LLP through this website is on a non-confidential and non-privileged basis. Therefore, do not send or include any information in your email that you consider to be confidential or privileged.