Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich January 25, 2011

The latest edition of the Enforcement Reporter, the official publication of Securities and Futures Commission (SFC), reports that the agency has successfully obtained further orders from the High Court to disqualify three company directors showing that directors who breach their obligations, commit misconduct or keep bad news to themselves have no place in Hong Kong.

Recent court decisions also show their continuing support for the SFC’s enforcement action against insider dealing. The case of an insider who was jailed upon a sentence review by the SFC, is a good example.

The Court of Appeal has unanimously allowed the SFC’s appeal against a decision of the Securities and Futures Appeals Tribunal, and ruled that criminal procedures are not applicable to disciplinary proceedings.

The Enforcement Reporter is a newsletter that highlights key enforcement outcomes and issues. It is available on the SFC website under “Speeches, Publications & Consultations” – “Publications.”

(Source: http://www.sfc.hk/sfcPressRelease/EN/sfcOpenDocServlet?docno=11PR7)

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