Fai Hung Cheung
Partner
Hong Kong
Fai Hung Cheung
Partner
Hong Kong
Contact details
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 Greater China Region 2023 comments that Fai Hung “offers over two decades' experience handling commercial disputes for Allen & Overy's broad array of bank clients, charities, SOEs and corporates. A client notes that “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 2022 noted that “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.’”
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
Related articles
Publications: 10 January 2024
Investigations update: Hong Kong authorities ramp up enforcement in virtual assets and other sectors
Hong Kong has seen cryptocurrencies grow in popularity, highlighting the need for appropriate licensing regimes (implemented in the form of virtual asset service providers (VASPs)), bolstered by…
Publications: 20 December 2023
The implication of the Foreign State Immunity Law on cross-border disputes in the PRC and Hong Kong
Publications: 09 August 2023
Global notes explained: Individual noteholders lack standing to wind-up issuers
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.
