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CFA allows SFC's appeal against MMT decision on insider dealing in Asia Telemedia Ltd
SFC, 12-Oct-2018
By a 4:1 majority, the Court of Final Appeal overturns the Court of Appeal's ruling which upheld the MMT decision. That's a victory for common sense - the defence that the insiders were selling to take advantage of a bubble holds no water when, if the company's financial difficulties had been known, its stock price would have been lower. By that test, they were "using" the Inside Information.
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- Hartmann, Michael John 夏正民
- Ho, Cecilia King Lin 何景蓮
- Lu, Ruifeng 呂瑞峰
- Wong, Marian Nam 王嵐
- Yiu, Charles Hoi Ying 姚海鷹
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