HKSAR V. MAK KWONG YIU, CHAN LAI YEE, WONG SHUK ON, LEE YICK MING

[2025] HKCFA 20 Court of Final Appeal 5 November 2025 • FACC1/2025 • 68 min read
15 cases cited (0 SG, 15 foreign)

Practice Areas

Companies Ordinance

Judges (5)

Fok Coram Lam Coram Ribeiro Coram Stock Coram William Young Coram

Counsel (21)

Chiu, Szeto & Cheng Firm Department of Justice Firm Edward C.T. Wong & Co Firm K.L. Chan & Co Firm Ma Tang & Co Firm David Perry Counsel Respondent Derek Chan Counsel Respondent Edwin Choy Counsel Respondent Human Lam Counsel Appellant Ian Winter Counsel Respondent Ivan Shiu Counsel Appellant Karen Y.Y. Lau Counsel Respondent Karry Lau Counsel Respondent Maggie Wong Counsel Respondent Martin Hui Counsel Respondent Rachel Lau Counsel Respondent Sean O’Reilly Counsel Respondent Sik Chee Ching Counsel Respondent Tony C.H. Chow Counsel Respondent Vivian Lam Counsel Respondent Vivian W.M. Wong Counsel Respondent

Parties (5)

HKSAR Appellant Chan Lai Yee Respondent Lee Yick Ming Respondent Mak Kwong Yiu Respondent Wong Shuk on Respondent

Summary

HKSAR appealed to the Court of Final Appeal against the acquittals of Mak Kwong Yiu, Chan Lai Yee, Wong Shuk On, and Lee Yick Ming on conspiracy to defraud charges involving share placement arrangements. The case examined the legal elements of conspiracy to defraud, particularly whether the defendants' conduct in concealing the true nature of share placements constituted fraud. The Court of Final Appeal heard arguments on the proper scope of the offence of conspiracy to defraud.

Statutes Cited

Companies Ordinance (Cap 622)
s 536

Cases Cited (15)

UK (11)
[1967] 2 QB 786 [1982] 1 QB 1053 [1982] AC 300 [1992] 1 AC 269 [1995] 1 WLR 52 [2004] UKPC 16 [2005] 1 AC 684 [2009] EWCA Civ 1010 [2016] 3 All ER 93 [2018] AC 391 [2025] 1 WLR 3553
HK (4)
(2003) 6 HKCFAR 517 (2007) 10 HKCFAR 386 (2016) 19 HKCFAR 86 [2003] HKCFA 46

Judgment

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

Read on HKLII

Source: HKLII ([2025] HKCFA 20)