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Charles Chong Wai Lee & Becky Chong Bun Bun v Insider Dealing Tribunal
HK Court of Appeal, 17-Dec-2012
The appeal is won, because each of the Harbour Ring and Vanda insider dealing tribunals partially admitted evidence from the other without a fair and full hearing of it. In a recursive manner, each was relying on the other to negate a coincidence and reach a finding of insider dealing. The lesson from this is that where two inquiries overlap, they should be heard as one. Final score: Chongs 2, Financial Secretary 0 (unless he appeals).
- China Oceanwide Holdings Limited
- HKSAR Insider Dealing Tribunal
- HUTCHISON GLOBAL COMMUNICATIONS HOLDINGS LIMITED