Exclusive: Multibank Exchange Scores Unprecedented Victory Against Hong Kong SFC

[kreslik.news]

Multibank Exchange Group, has scored a major victory against the Hong Kong financial regulator, the Securities and Futures Commission (SFC). The firm’s solicitors have managed to successfully force the regulator to cancel an alert that it issued against the firm in February. The Hong Kong Court gave a priority hearing the go-ahead, resulting in action by the Hong Kong regulator, which canceled the alert 4 hours prior to the official hearing on the matter.

According to court documents seen by Finance Magnates, the Senior Counsel and Clyde & Co issued an urgent application before the High Court of ... (read more)