Following our success in the Court of Final Appeal in FACV 4 of 2011, we have once again vindicated our clients in another appeal from the decision of the Insider Dealing Tribunal in CACV 255 of 2009. Upon allowing the appeal on 6 December 2012, the Court of Appeal quashed all findings of insider dealings and set aside all the orders made against our clients by the Insider Dealing Tribunal on grounds of errors of law made by the tribunal. The orders set aside by the Court of Appeal included orders for disgorgement of actual and nominal profits made from alleged insider dealings in the total sum of HK$69,857,378. The Court of Appeal further ordered the Financial Secretary being the 2nd Respondent in the appeal to pay the costs incurred by our clients in the appeal and the inquiry conducted by the Insider Dealing Tribunal.

This marathon litigation started in 2005, throughout it has been handled by our partner Tommy Tam, joined by Mr Sidney Ho, associate since 2006 and recently Sharon Pang, trainee solicitor also joined the team.