Market Misconduct Tribunal

Overview

We have a market leading practice representing clients in Market Misconduct Tribunal (“MMT”) proceedings. Our MMT practice is part of our Financial Services Regulatory offering, for which we have been consistently recognized as an outstanding, leading and recommended practice by independent editorial publications, including the International Financial Law Review 1000 (ILFR1000), the Legal 500, Chambers and Partners and Asialaw Profiles, and for which our lawyers have been consistently recognized as “leading”, “highly regarded”, “well regarded” and “market-leading” lawyers.

We are one of a very small number of Hong Kong law firms who have defended clients in multiple MMT proceedings. Our clients include hedge fund traders, market players involved in asset management and portfolio management, market commentators, listed companies and their directors.

The MMT proceedings on which we have acted have been pioneering cases, setting landmark precedents in significant areas of securities law in Hong Kong, including in respect of the disclosure of false or misleading information inducing transactions under section 277 of the Securities and Futures Ordinance (“SFO”) and the statutory disclosure of inside information under Part XIVA of the SFO.

We advise clients routinely in SFC inspections and audits and SFC investigations and prosecutions to pre-empt or mitigate any risk of SFC prosecution or MMT proceedings.

The areas which we frequently advise on include market misconduct prohibitions (e.g. stock market manipulation, insider dealing, disclosure of false or misleading information) and the disclosure of inside information by market manipulation, insider dealing, disclosure of false or misleading information) and the disclosure of inside information by listed companies and their directors under the SFO.