M SQUARE CPA LIMITED 正和會計師行有限公司
CFA dismisses Cheng Chak Ngok's application for leave to appeal
SFC, 26-Apr-2019
The case now goes back to a new Market Misconduct Tribunal. The first one cleared him but used the wrong standard of proof, criminal rather than civil.
SFC, 26-Apr-2019
The case now goes back to a new Market Misconduct Tribunal. The first one cleared him but used the wrong standard of proof, criminal rather than civil.
SFC v Cheng Chak Ngok & MMT
| SFC announcement
HK Court of Appeal, 10-Sep-2018
The court rules that the MMT, chaired by Garry Tallentire, was "plainly wrong when it found that Mr Cheng had not engaged in market misconduct by insider dealing" in China Gas (0384) shares, because it had applied a criminal standard of proof (beyond reasonable doubt) rather than the civil standard (on a balance of probabilities). The court sends the matter back to a differently constituted MMT panel.
HK Court of Appeal, 10-Sep-2018
The court rules that the MMT, chaired by Garry Tallentire, was "plainly wrong when it found that Mr Cheng had not engaged in market misconduct by insider dealing" in China Gas (0384) shares, because it had applied a criminal standard of proof (beyond reasonable doubt) rather than the civil standard (on a balance of probabilities). The court sends the matter back to a differently constituted MMT panel.
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