DAVID SUBOTIC AND OTHERS V. SECURITIES AND FUTURES COMMISSION

[2023] HKCFA 40 Court of Final Appeal 8 December 2023 • FACV4/2023 • 6 min read
4 cases cited (0 SG, 4 foreign) Cited by 1 case

Judges (5)

Cheung Coram Fok Coram Lam Coram McLachlin Coram Ribeiro Coram

Counsel (4)

Securities and Futures Commission Firm Bernard Man Counsel Plaintiff MinterEllison Llp Counsel Defendant Sheena Wong Counsel Plaintiff

Parties (21)

360Hk Limited Defendant Boothbay Multi Strategy Fund Lp Defendant China Joint Funds Management Limited Defendant Das Capital Limited Defendant Eastmore Global, Ltd Defendant Eastmore Holdings, Ltd Defendant Eden Investments Ltd Defendant Mighty Edge Limited Defendant Securities and Futures Commission Plaintiff Coastal Management Llc Defendant Current Trading, Llc Defendant David Subotic Defendant Eastmore Management, Llc Defendant Ho Ming Hin Defendant Isidor Subotic Defendant Lam Wing Ki Defendant Lau Yik Kwan Defendant Sasha Szabo Defendant Sit Yi Ki Defendant Suen Man Simon Defendant Tam Cheuk Hang Defendant

Summary

David Subotic and others appealed regarding the Securities and Futures Commission's market misconduct enforcement proceedings. The Court considered the proper scope of the SFC's powers and the procedural protections available to persons subject to regulatory action. The appeal addressed important questions about regulatory enforcement in financial markets.

Cases Cited (4)

HK (4)
[2021] 3 HKLRD 777 [2021] HKCFI 3350 [2023] 1 HKLRD 983 [2023] HKCFA 32

Cited By (1)

[2024] HKCFA 17
MK V. DIRECTOR OF LEGAL AID

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2023] HKCFA 40)