10 Feb 2010
CHONG WAI LEE, CHARLES AND ANOTHER v. INSIDER DEALING TRIBUNAL AND ANOTHER
- Citation
- CHONG WAI LEE, CHARLES AND ANOTHER v. INSIDER DEALING TRIBUNAL AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV96/2007
The Court upheld the Tribunal's findings that the information about Hutchison's proposed interest in Vanda and the contemplated joint venture was specific, price sensitive and not generally known and that respondents and many appellants misused that information to trade; the Tribunal applied an appropriate civil standard of proof (high probability), permissibly drew inferences from phone and trading records, permissibly admitted Harbour Ring evidence to rebut coincidence, and the Tribunal's credibility and factual findings were not liable to be disturbed on appeal; consequential disqualificat…