Introduction
This is the first edition of the Herbert Smith Hong Kong litigation e-bulletins. The aim of these e-bulletins is to keep you informed of current issues that may be of interest to you. We welcome any feedback you may have on how we can improve our e-bulletins. If you would like us to circulate this to others in your organisation, please feel free to contact us by return email. Equally, if you do not wish to receive future e-bulletins, please refer to the subscriptions box below.
In this first issue, we take a brief look at some of the changes that have been made by the new Securities and Futures Ordinance ("the Ordinance"). We also examine the SFC’s fining guidelines for intermediaries, including identifying whom the SFC can fine and the considerations that will be taken into account by the SFC in fixing the amount of any fine. Finally, we touch briefly on the new civil rights of action created by the Ordinance and question whether they effect any significant change
