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Clement Chui

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Clement Chui is a Senior Associate in the Dispute Resolution Group in Hong Kong. His practice covers general commercial disputes, contentious regulatory matters, and compliance matters. Clement regularly advises clients on matters concerning contentious probate / trusts and estate administration, shareholders’ / contractual disputes, and recovery and tracing of proceeds of cyber frauds. Clement also handles complex contentious regulatory matters (involving the SFC, the HKMA, the SEHK, and the ICAC); conducts compliance-related internal investigations / risk assessments; and advises on anti-bribery (concerning the POBO, the FCPA, and the UK Bribery Act) and AML issues. Clement is personal, and strongly driven in providing pristine advices and client service excellence. Clement is a member of the Sports Committee of the American Chamber of Commerce in Hong Kong.
In Cyber Fraud Recovery

Hong Kong: Police ‘informal freeze’ of bank accounts held invalid – Implications for financial institutions and businesses

by , and 6 Mins Read

In Brief Cyber fraud remains a significant risk to businesses and individuals. In the 11 months to November 2021, over 500 phishing scams, worth more than HKD 1.4 billion in losses, were reported to the Hong Kong Police. The Police have been developing and will soon launch a free software to assist businesses in identifying phishing scams.[1] On 30 December 2021, the Hong Kong Court of First Instance handed down an important judgment in Tam Sze Leung…

In Cyber Fraud Recovery

Hong Kong: Reassessing options for cyber fraud recovery

by and 5 Mins Read

Victims of cyber fraud have been using vesting orders – a means of direct recovery for victims of fraud – to recover stolen funds from fraudsters and subsequent recipients. Often applied concurrently with a default judgment, vesting order is thought to be a convenient alternative to garnishee proceedings. In Brief In the past year, the Courts’ jurisdiction to grant vesting orders in cyber fraud cases has been reassessed. There are now conflicting first-instance judgments on…