Tag: Hong Kong

Alan Linning Joins Sidley Austin in Hong Kong

Alan Linning has joined law firm Sidley Austin LLP as a partner in its Hong Kong office.  The firm announced today that Linning has joined its commercial litigation and regulatory practice. Prior to joining Sidley, Linning was Managing Director and Head of Asia Regional Compliance at JPMorgan Chase, a position that he held since 2006. Prior to that, Mr. Linning…

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Hong Kong: Insider Trading Trial Takes Unusual Turn

The high-profile insider trading case in Hong Kong against former Morgan Stanley managing director Du Jun took an unexpected turn today when it emerged that Morgan Stanley compliance officers approved the trades of Du Jun at issue due to confusion as to the name of the security involved. The FT reports that in February 2007, Samantha Ng, a former Morgan…

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Hong Kong: SFC Obtains Third Criminal Conviction for Insider Trading in Last Twelve Months

In Hong Kong, Andy Lam King Hung, an accounting manager at Chinese Estates Holdings Ltd., was convicted on two criminal charges of insider dealing in the shares of Chi Cheung Investment Co, Ltd.  He was remanded in custody pending his sentencing April 20, 2009, AHN reports. An investigation by Hong Kong’s Securities and Futures Commission found that in 2007, while…

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Hong Kong: Securities Regulators Scale Back Proposed Trading Blackout Rule

Securities regulators in Hong Kong have scaled back a plan that would have extended the blackout on share trading by company insiders to as long as seven months after more than 200 companies objected. Instead, a new proposal issued Thursday states that company directors and others with sensitive knowledge would be blocked from trading their shares for two months ahead…

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Class of 33,000 from Hong Kong Plans Securities Class Action Against HSBC for Lehman Losses

A group of 33,000 Hong Kong investors in Lehman Brothers-backed financial products plans to file a securities class action in the U.S. against HSBC, after Lehman’s collapse left their investments possibly worthless.  The AP reports that the lawsuit is expected to be filed this month in New York against HSBC for its role in distributing the Lehman-tied investments.  The majority…

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Former Heller Partner David Chu Joins Dechert in Hong Kong

David Chu has joined law firm Dechert as a partner in its Hong Kong office.  Chu, who was previously a partner with Heller Ehrman in Hong Kong, will join Dechert’s white-collar and securities litigation practice, Asia Legal Business reports. Dechert Chairman Barton J. Winokur stated that “David Chu’s presence will significantly enhance our capability to assist our multinational clients with…

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