This article first appeared in the 10th edition of The International Comparative Legal Guide to: Corporate Recovery & Insolvency; published by Global Legal Group Ltd, London (www.iclg.co.uk).
Gall was instructed to act for Global Merchant Funding Limited against the Secretary for Justice in this landmark appeal (FACC 4/2015) before the Court of Final Appeal (“CFA”). The Court of Appeal and the CFA considered the correct interpretation of the terms of a Merchant Cash Advance Contract (“MCA Contract”) in accordance with the established legal principles to ascertain whether the transactions pursuant to the MCA Contract were in substance a loan under the Money Lenders Ordinance, Cap. 163 (“MLO”).
C5's 2nd Annual Fraud, Asset Tracing and Recovery Asia Conference was held in Hong Kong on 6th-7th June 2016. The leading event of its kind in the region, the conference brought together an international array of experts involved in fraud litigation and asset recovery to share their unique experiences and insights in this growing area.Caroline McNally, Head of Gall’s Family and Divorce Practice and Chris Wong, a fraud expert and also Head of China related Matters at Gall, gave a joint presentation on the topic "Asset Recovery in Matrimonial Disputes".
