UK Court of Appeal allows private LIBOR claims to proceed

An issue which has in recent years been on the agenda of financial regulators globally is the potential manipulation or fixing of the London InterBank Offered Rate (“LIBOR”) and similar rates, by financial institutions.  Given that the LIBOR and similar rates are used as interest rate benchmarks for a broad range of financial instruments, the … Read more

Court imposes sentences for false statements of truth

In the case of Kinform Ltd v Tsui Loi (DCMP 947/2011), the Hong Kong District Court found two defendants guilty of contempt of court for verifying, or causing to be verified, a false statement by a statement of truth, and handed down immediate custodial sentences of five and six months respectively. This is the first … Read more