More than a year ago, we began following the so-called Ernst & Young (“EY”) State Secrets Case in Hong Kong. On 23 May 2014, the High Court of Hong Kong finally concluded that there was no “reasonable excuse” for EY’s failure to comply with Securities and Futures Commission (“SFC”) notices seeking information and documents, and … Continue Reading
Evidence kicked off last week in the highly anticipated case brought by Hong Kong’s Securities and Futures Commission (“SFC”) against Ernst & Young Hong Kong (“E&Y”) over its failure to adequately respond to statutory requests for information in relation to an SFC investigation of the failed 2009 IPO of Chinese waste management company, Standard Water … Continue Reading
