Andrew Edward Left v. Securities and Futures Commission and Another

HCMP 3195/2016

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF APPEAL

MISCELLANEOUS PROCEEDINGS NO 3195 OF 2016

(ON AN INTENDED APPEAL PURSUANT TO SECTION 266 OF THE SECURITIES AND FUTURES ORDINANCE, CAP 571 FROM DETERMINATIONS OF THE MARKET MISCONDUCT TRIBUNAL)

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DECISION ON COSTS

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Hon Kwan JA (giving the decision on costs of the Court):

1.On 13 January 2017, we handed down judgment dismissing the application of Mr Left for leave to appeal to the Court of Appeal and made a costs order nisi that he should pay the costs of the SFC in this application.  We gave directions for a gross sum assessment on paper.

2.The SFC has since submitted a statement of costs for summary assessment in the total sum of $138,800.  Mr Left’s solicitors responded by letter dated 27 January 2017 that he has no objection to the statement of costs.

3.We have considered the statement of costs.  We find the amount of costs claimed reasonable.  Accordingly, we assess costs payable to the SFC in the amount as stated.

Timothy Loh LLP, for the Applicant

Legal Services Division of the Securities and Futures Commission, for the 1^st Respondent