SFC’s power to freeze assets under SFO section 213 confirmed

The Court of Appeal confirmed that the SFC has authority under Securities and Futures Ordinance section 213 to apply to the court for orders to freeze assets in cases of suspected insider dealing. The court may also grant permission to serve legal proceedings on persons outside Hong Kong.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.