Banking & Finance

There is a commonly held perception that if a company fails in litigation, only the company itself will have to bear the costs of the successful party and the directors of the company will be...
November 2018
Norman Chan, Chief Executive of the Hong Kong Monetary Authority (HKMA) shares his insights on how financial technology (fintech) is going to revolutionise the business world. After starting his...
November 2018
The Hong Kong Monetary Authority released the Consultation Paper on Open API Framework for the Hong Kong Banking Sector on 11 January 2018 (the ‘Open API Paper’). The public consultation period...
March 2018
Comes with the Bitcoin fever and its fall, believe it or not blockchain is the future. This 10-year-old technology allows digital information to be distributed but not copied; its application ranges...
March 2018
Blockchain, the technology that underpins digital currencies such as Bitcoin, has the potential to drastically alter the global financial system. However, developers and market participants must...
March 2018
Abraham Lincoln famously posited that if one calls a tail a leg it doesn’t mean that a dog has five legs. Similarly, a blockchain-based token offered in an initial coin offering (‘ICO’) may,...
March 2018
What Happened? In August 2017, the Financial Dispute Resolution Centre ("FDRC") published the Conclusions to its October 2016 Consultation on "Proposals to Enhance the Financial Dispute...
November 2017
As a leading global finance firm focused on law and the world’s largest publicly traded provider of litigation finance, it will come as no surprise that Burford Capital welcomes the Law Reform...
December 2016
At the time of writing, Bank of China (Hong Kong) Ltd v Ho Chi Lui & Ors [2016] HKEC 1877, HCA No. 10239/1999 (note the year), is the latest reported case that applies the test for...
November 2016
Leading commercial law specialists and scholars from Asia and Europe gathered at City University of Hong Kong for a roundtable discussion on “Consumer Credit, Debt and Insolvency” organised by the...
November 2016
In Chang Pui Yin & Ors v Bank of Singapore Ltd [2016] HKEC 1721, the latest investor claim against a bank in Hong Kong, the claimant investors succeeded in establishing that (as a...
October 2016
Allegations of “mis-selling” have been a familiar theme in the handful of investor disputes that have gone to trial in Hong Kong since the financial crisis*. In legal jargon these allegations centre...
August 2016
China's securities regulator said on Friday that it has drafted rules to strengthen oversight of fund companies' subsidiaries, a business that has grown to 9.84 trillion yuan ($1.50 trillion) and has...
May 2016
China's government has approved a sweeping plan to clean up the country's online financial sector, according to sources with direct knowledge of the matter, including rules to limit the activities of...
May 2016
Two senior European investment bankers told a European Commission hearing that tougher bank capital and liquidity rules were forcing banks to shrink and de-risk their balance sheets, and to deprive...
May 2016
China's central bank is studying ways of collecting and distributing data on how funds raised online are being used because of the risks posed, the director of its statistics department Sheng Song...
May 2016
Hong Kong's markets regulator has taken the first step to introduce rules that would force stock brokers to disclose the individual identities of investors making equities trades in the city, three...
May 2016
An advisory council to the Hong Kong government will unveil a series of recommendations to attract green finance investments to the city next week, the chairman of the council told Reuters. "Green...
May 2016
A number of financial institutions have started to move assets off their balance sheet using different accounting treatments in an attempt to reduce their leverage and avoid high capital charges,...
May 2016
In an interesting recent case, Pa Sam Nang v HSBC Ltd [2016] HKEC 573, HCA 1020/2015, the Court of First Instance refused to grant summary judgment in favour of a customer against a bank,...
May 2016