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Fai Hung Cheung

Partner

Hong Kong

Cheung Fai Hung
Fai Hung Cheung

Partner

Hong Kong

Fai Hung is a partner in the litigation and dispute resolution department of the Hong Kong office. His caseload gravitates towards Greater China, with extensive experience handling complex, high value, cross-border disputes.

He handles insolvency, debt and asset recovery, financial product and service disputes, national security issues, shareholders' and family disputes and cyber-crimes. He also deals with investigations by law enforcement agencies and by data and financial services regulators. Fai Hung has worked in both our Hong Kong and Shanghai offices and is admitted in both Hong Kong and England & Wales. He speaks Putonghua, Cantonese and English.

Chambers Asia Pacific 2022 notes that Fai Hung "offers over two decades' of experience handling commercial disputes for banks, charities, SOEs and corporates. A client likes that 'he thinks tactically for us,' asserting that 'his advice is extremely important,' and applauding him for 'giving his view, instead of just leaving decisions open to us. Clients like him for his "meticulous and detail-oriented" yet "practical approach".

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Publications: 17 October 2022

A guide to Hong Kong’s cybersecurity laws and practices

The past decade has seen a huge increase in the incidence of cyber crime in Hong Kong. This has been exacerbated by the global pandemic, which has forced criminals online, with the number of cases in…

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Hong Kong’s Securities and Futures Commission’s regulatory trends April 2020 - December 2021 and enforcement tracker

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Publications: 28 February 2022

Greater China Risk Insight: Looking ahead in the Year of the Tiger

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Blog Post: 26 January 2022

Hong Kong ‘No Consent’ letters not guaranteed to freeze bank accounts

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Office

Hong Kong

9th Floor, Three Exchange Square, Central
Hong Kong

View office →

Qualifications

Professional

Admitted as solicitor, Hong Kong, 1996

Admitted as solicitor, England and Wales, 1997

Academic

LLB, The University of Hong Kong, 1993

PCLL, 1994

Other noteworthy experience 

Advising:

  • A PRC state-owned enterprise in enforcing a defaulted put option, worth over HKD300 million, and pursuing a related professional negligence suit against its former legal advisers, resulting in favourable settlement.
  • The board of directors of a listed PRC state-owned enterprise in successfully resisting an activist shareholder’s Court action for alleged breach of fiduciary duties.
  • A regional private bank in a landmark Hong Kong case, successfully defending mis-selling claims by customers for losses arising from equities accumulators.
  • A Chinese bank in defending a bank guarantee dispute before the Hong Kong court, successfully staying the Hong Kong action in favour of Mainland courts.
  • A state owned Chinese bank in its security enforcement against the borrowers and mortgagor in Hong Kong in connection with a HKD3 billion loan, resulting in full recovery.
  • Liquidators of a Hong Kong listed engineering and renewable energy company on the realisation, recovery and preservation of the assets of the company in liquidation.
  • A global investment bank in a regulatory investigation into its algorithmic trading system, resulting in no enforcement action being taken.
  • A global financial institution in defending criminal and civil fraud proceedings in Taiwan against the client and its employees, over losses from currency derivatives transactions, resulting in full vindication of the client.
  • A global social media company in various Hong Kong law, regulatory, data and content issues and projects.
  • An online travel business in the handling of its customer data breach and consequential investigations by the data authorities in Hong Kong and elsewhere.