Hong Kongs Securities and Futures Commission (SFC) is
likely to criminalise senior management by trying negligent
directors in criminal as opposed to civil cases.
Clifford Chances Asia co-head of regulatory practice,
Mark Shipman, said it was highly likely that the SFC would put
greater focus on holding senior management more accountable for
any regulatory infringements.
But as the level of proof needed for criminal cases was
different, confidence in the conviction...