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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".

Experience

Fai Hung's experience includes advising:

  • A corporate client on the recovery of over USD80 million of debts from a Burmese corporate group and a Thai corporate.
  • A global financial institution on criminal and civil fraud proceedings in Taiwan, over a prior multi-million sum paid upon close out of derivatives transactions.
  • The board of directors of a PRC state-owned enterprise on successfully resisting an activist shareholder’s Court action for alleged breach of fiduciary duties.
  • Various clients on multi-billion dollar disputes concerning high profile family estates.
  • A PRC state-owned enterprise on proceedings to enforce a defaulted put option, worth over HKD300 million.
  • A group of creditors on successfully obtaining an injunction from the Hong Kong Court, in aid of foreign proceedings for multi-million dollar damages.
  • A Chinese corporate on a dispute with its UK business partner before the Hong Kong and English courts.
  • A Chinese bank in a guarantee dispute before the Hong Kong court.
  • A bank on the recovery of over HKD 300 million of debts from various corporate and individual debtors.
  • A bank on the recovery of over USD40 million debts owed to it by an industrial group, including overseas assets.
  • Offshore financiers on obtaining asset-freezing injunction against the borrower/guarantor from the Hong Kong court in aid of mainland proceedings.
  • Various clients on applying for freezing injunctions and ancillary orders in Hong Kong to recover funds transferred out as a result of fraudulent instructions.

News & insights

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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Publications: 19 JULY 2018

Consultation conclusions on the proposed guidelines on online distribution and advisory platforms and further consultation on offline requirements applicable to complex products, published by the SFC on 28 March 2018

BackgroundThe Securities and Futures Commission (“SFC”) has recently published the much anticipated conclusions (“Consultation Conclusions”) to the Consultation Paper on the Proposed Guidelines on…

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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