Hedge Fund Law Report Publishes Akin Gump Article on Insider Trading in Hong Kong, PRC
An article by Akin Gump litigation partners Michael Asaro and Douglas Rappaport and associate Patrick Mott has been published in Hedge Fund Law Report. “How Can Hedge Fund Managers Understand and Navigate the Perils of Insider Trading Regulation and Enforcement in Hong Kong and the People’s Republic of China” examines the provisions of Hong Kong and PRC insider trading law most important to U.S.-based hedge fund managers.
The article provides overviews of insider trading regulation in the United States, Hong Kong, and the PRC, reviews recent enforcement activity in Hong Kong and China and examines several recent insider trading cases in the PRC. As the authors note, “[I]t is crucial that hedge fund managers understand the rules applicable to trading on selectively disclosed inside information in these jurisdictions. The risk of civil and criminal liability for foreign investors has increased as regulators push to clean up the laissez-faire attitude towards inside information that has historically prevailed in the Hong Kong and PRC markets.”
To read the full article, please click here.