10 Dec 2021

The Banking Litigation Law Review - Hong Kong Chapter - 5th Edition

Hong Kong chapter of the fifth edition of The Banking Litigation Law Review which considers recent legal developments in banking litigation.

For the past year, courts in Hong Kong have tirelessly heard and decided on cases related to the banking industry. They range from cyber fraud cases, in which the courts found that fraudsters held misappropriated funds in bank accounts on constructive trusts for the victims, to insolvency cases, which give creditors helpful guidance as to which jurisdiction they should go when seeking to wind up foreign companies.

The Hong Kong government has put in great efforts to ensure that the city maintains its status as a leading financial centre by creating new laws and updating existing ones to align with international standards. The city is also building on and benefiting from its indivisible tie with mainland China, including mutual arrangements in relation to the enforcement of arbitral awards, availability of interim measures in aid of arbitration proceedings, and recognition of and assistance to cross-border insolvency proceedings.

This chapter, first published in December 2021, is reproduced with permission from Law Business Research Ltd. 

 The Law Reviews, published by Law Business Research Limited, are guides to developments in various legal practice areas in key jurisdictions. Our partners and associates edit and contribute to a number of these guides which are available in our Law Reviews page.

Contact Information
Wynne Mok
Partner at Slaughter and May
Kathleen Poon
Associate at Slaughter and May