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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.

Chambers Asia Pacific 2021 notes that Fai Hung "offers over two decades' experience handling commercial disputes for banks, charities, SOEs and corporates. A longstanding client reports: ‘He is bright, on point, commercial and very sensible,’ adding: ‘He is proactive in sending his insights on legal developments to us, even those not widely publicised, which is practical and helpful.’"

Chambers Asia Pacific 2020 recommended Fai Hung for his "notable experience acting for financial institutions and multinationals on cross-border disputes involving Greater China". Clients like him 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: 11 MAY 2021

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

The SFC's latest annual and quarterly reports highlight the SFC's regulatory work since April 2019 and illustrate some key trends in its enforcement agenda.

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Landscape image of Hong Kong SAR at night

Publications: 06 MAY 2021

Hong Kong’s proposed Mandatory Reference Checking Scheme: the end of “rolling bad apples”?

The Hong Kong Monetary Authority (HKMA) released its consultation conclusions on the proposed Mandatory Reference Checking Scheme (MRC Scheme) on 3 May 2021.

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Allen & Overy graphic

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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Allen & Overy graphic

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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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