Slaughter and May Hong Kong partner Wynne Mok contributed to the latest edition of the Hong Kong Chapter of the Banking Litigation Law Review.
In the past year, courts in Hong Kong have consistently heard and decided cases related to the banking industry, ranging from cyber fraud to insolvency cases. This chapter outlines key and interesting points of law decided in the past year, such as the principles related to the grant of vesting orders to allow victims of fraud to recover misappropriated funds directly from banks and to its approach to exclusive jurisdiction clauses in the context of insolvency proceedings.
The Hong Kong government has focused its efforts to ensure that the city maintains its status as a leading financial centre by updating its legislations and regulations to align with international standards, as well as issuing helpful guidelines to various institutions. The city continues to build on and benefit from its close connection 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 was first published in The Banking Litigation Law Review, 6th edition (published in December 2022) by Law Business Research Limited.
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.
