Irene Cheng and I have co-authored "Hong Kong Bank Disclosure Costs: Judicial and Legislative Developments," tracking recent shifts in court-ordered bank disclosure Costs.
Published in the Exclusive Online Newsletter of Hong Kong Lawyer Journal.
The piece breaks down how recent decisions like Ho Yuen Yu Ivy v Zhang Li Hua and Hwang Joon Sang clarify the financial landscape for fraud litigation. While innocent third-party banks are entitled to recover compliance Costs, the High Court has made it clear that these orders are purely compensatory.
They are not a profit-generating tool for routine compliance work, even when made on a full indemnity basis. The article addresses the practical impact of this shift for fraud victims tracing assets, legal practitioners framing disclosure requests, and banks managing compliance staffing.
This marks my fourth feature article for the Hong Kong Lawyer Journal.
A huge thank you to the editorial team for their incredible guidance and support in bringing this piece to life!
In case you have missed my previous articles on Hong Kong Lawyer Journal and LinkedIn Newsletter:
The HKIAC Rules 2024: Flexibility, Innovation and Modern Balance in Arbitration (7 August 2026)
Defamation, Digital Speech, Apologies, and Privacy in Hong Kong in 2026 (June 2026)
Hong Kong’s Comprehensive Framework for Regulated Virtual Asset Trading and Financial Crime Prevention: A 2026 Legal Analysis (February 2026)
LinkedIn Newsletter:
Service of Notices of Appeal in Hong Kong
Calderbank Offers in Hong Kong
Hong Kong Civil Litigation’s Double-Edged Tool: Sanctioned Offers
Second-Layer Fraud Litigation Toolkit
From Freeze to Framework: The Letter of No Consent Regime
The Architecture of Crypto Asset Recovery
Crypto Asset Recovery: A Comparative Look at Hong Kong and Mainland China