16 Nov 2010
LEUNG CHI KEUNG v. MARKET MISCONDUCT TRIBUNAL AND ANOTHER
- Citation
- LEUNG CHI KEUNG v. MARKET MISCONDUCT TRIBUNAL AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP2539/2009
The Court granted extension of time because the applicant provided a reasonable explanation for the 81‑day delay following new material (SFC letter threatening life revocation) and because the proposed appeal raised arguable issues of law and fact with a reasonable prospect of success — in particular whether the informant David Tsien was a 'connected person' under s.247(1)(c)/(d) and whether the information was price‑sensitive/relevant; the Court refused leave to appeal on the pure factual ground concerning the reason for sale (trading strategy) which the Tribunal was entitled to reject.