22 May 2009
SECURITIES AND FUTURES COMMISSION v. "C" AND OTHERS
- Citation
- SECURITIES AND FUTURES COMMISSION v. "C" AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV319/2008
Section 213(2)(c) of the Securities and Futures Ordinance, read purposively and disjunctively with 'acquiring, disposing of or otherwise dealing in', confers power to grant freezing (Mareva-type) orders as a free-standing statutory remedy; where the alleged wrongdoing and proceeds are connected to Hong Kong Order 11 r.1(1)(b) permits service out for defendants with relevant acts or assets in the jurisdiction, and Order 11 r.1(1)(c) permits service out of parties abroad who are necessary or proper parties to claims against those served in Hong Kong; leave to amend to plead s.213(2)(b) restitut…