Fai Hung Cheung
Partner
Fai Hung provides effective solutions to complex high-value disputes and major regulatory investigations.
Those matters are often franchise threatening and cross-border: Hong Kong, Mainland China, Taiwan, Japan, Singapore. Key sectors include financial services, private capital, technology. Types of disputes include family disputes, financial product disputes, fraud, insolvency, and shareholders' disputes. Investigations include those by the Police and regulators for anti-trust, bribery and corruption, data privacy and financial services. He also deals with complex investigations by law enforcement agencies and by data and financial services regulators.
Expertise
Experience
Representative matters
A major bank in defending a USD355 million claim, brought by liquidators of a company whose funds in its bank account are said to have been misappropriated by its fraudulent directors. A major bank in defending a similar claim for HKD250 million. Matters ongoing.
A major bank in a HKD3 billion loan and security enforcement in Hong Kong. Outcome: full recovery for client.
The board of directors of a listed PRC state-owned company in defending a minority shareholder’s Court action for alleged breach of fiduciary duties. Outcome: the action successfully resisted.
A global bank in cross-border regulatory investigations into its foreign exchange sales and trading practices, in Hong Kong, Singapore and elsewhere. Outcome: no enforcement action taken against client in Hong Kong and Singapore.
A state-owned enterprise in pursuing a HKD200 million professional negligence claim against an international law firm, for failing to advise on a material risk in an exit mechanism intended to protect our client in an asset purchase. Outcome: satisfactory settlement.
A listed company in defending a HKD60 million construction claim brought by a subcontractor. Outcome: the defence prevailed.
Recognition
“Fai Hung is our trusted adviser for complex, large, and cross-border disputes. He is technically strong, commercially acute and is willing to go the extra mile to cater to clients' needs.”
Chambers Greater China Region 2024
“[Fai Hung] offers over two decades' experience handling commercial disputes for Allen & Overy's broad array of bank clients, charities, SOEs and corporates." "Fai Hung is very experienced in advising on complex insolvency-related Hong Kong litigation intertwined with overseas proceedings. He is very responsive and thorough, and always manages to deliver practical solutions to our matters.”
Chambers Greater China Region 2023
Qualifications
Admissions
Hong Kong, 1996
England and Wales, 1997
Academic
LLB, The University of Hong Kong, 1993
PCLL, The University of Hong Kong, 1994
Languages
Chinese (Cantonese), Chinese (Mandarin), English