31 Oct 2018
LEE KWOK WA AND OTHERS v. THE SECURITIES AND FUTURES COMMISSION
- Citation
- [2018] HKCFA 45
- Court
- Court of Final Appeal
- Case number
- FACV7/2018
Section 300 must be construed broadly: 'transaction' can cover a series of interrelated acts and an overall scheme; a defendant need not be a direct party to the counterparty transaction for liability under s300 where the fraudulent or deceptive device, scheme or course of business is employed in relation to that transaction; s300 therefore covers schemes involving misuse of inside information and can apply to securities not listed in Hong Kong where substantial activities constituting the offence occurred in Hong Kong; however where conduct plainly falls within the specific insider dealing r…