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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 financial and commercial disputes.

He handles disputes arising from cyber-crimes, family disputes, shareholders' disputes, insolvency, debt and asset recovery, and disputes relating to financial product and service mis-selling. He also deals with complex 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 Mandarin, Cantonese and English.

Fai Hung is recommended by Chambers Asia Pacific, for his "notable experience acting for financial institutions and multinationals on cross-border disputes involving Greater China". He is liked by clients for his "meticulous and detail-oriented" yet "practical approach".

Other noteworthy experience includes 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.

News & insights

Hong Kong's Securities and Futures Commission (SFC) Enforcement Actions Tracker

Publications: 07 SEPTEMBER 2020

Hong Kong’s Securities and Futures Commission (SFC) Enforcement Actions Trends and Tracker

The SFC published its annual report for 2019/2020 in June and recently published its quarterly report for Q2 2020.

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Publications: 01 JUNE 2020

Covid-19 coronavirus: multi-jurisdictional survey on force majeure and equivalent doctrines

This high-level comparative survey of the legal position relating to force majeure and other similar doctrines analyses the laws across a number of key jurisdictions around the world.

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Publications: 03 APRIL 2020

Covid-19 coronavirus: how the APAC courts and arbitral institutions have adapted to the challenge

As Covid-19 coronavirus continues to spread across the globe, the various forums for dispute resolution worldwide find themselves presented with novel challenges, in particular relating to issues…

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Publications: 02 MARCH 2020

Hong Kong recognises administrators appointed under the Enterprise Bankruptcy Act of the People’s Republic of China

On 15 January 2020, we published a newsflash regarding the decision of the Hong Kong Court of First Instance dated 13 January 2020 (Decision) on the recognition of the appointment of bankruptcy…

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Office

Hong Kong

Allen & Overy
9th Floor, Three Exchange Square, Central
Hong Kong

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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