Hong Kong's Market Misconduct Tribunal Imposes Largest Ever Disgorgement Order

30 June 2017
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Key takeaways

  • The risks for company directors and senior managers who fail to show the requisite “strength of character” to take on the “onerous duties” of a director of a listed company.
  • The pitfalls of failing to prepare thoroughly for SFC interviews, including the risk that a person who is cleared of market misconduct may be unable to recover their costs due to their “suspicious” conduct.
  • The policy considerations which underpinned the penalties imposed by the MMT.