The team at Gall have once again collaborated with ELP India and in this joint podcast Partner Kajal Aswani moderates as our Senior Associate Ashima Sood explores wire fraud, the process of recovery and tips for preventing fraud, whilst ELP’s Shailesh Poria explores the potential benefits of summary judgments in India. Listen to the podcast
Gall has collaborated with Singapore law firm Eugene Thuraisingam LLP on a joint article on fraud. Partner Kenix Yuen and Senior Associate Ashima Sood explore the dramatic increase in wire fraud globally and share a Hong Kong perspective on the types of scams, key steps to take if you have become a victim of fraud,
Kenix Yuen has been quoted extensively in an HKET article on online fraud. Kenix shared scenarios to be aware of regrading crypto scams and provided recommendations on how individuals and companies can protect themselves before trading cryptocurrencies.
There has been a dramatic increase in wire fraud scams globally. Here is a simple, practical guide on how to recover lost funds diverted to HK and some tips on how to prevent wire fraud.
Wire fraud, including email, scams have been on the rise recently. Fraudsters are getting craftier in adopting new and emerging deceitful tactics. Businesses and individuals are increasingly falling for fraudulent emails and calls and as a result struggle to find effective and workable measures to protect and recover their misappropriated funds.
Since the pandemic started, we have received a growing number of enquiries about cybercrimes including email scams targeting individuals or corporates in Hong Kong.Our Partner Kenix Yuen recently spoke to HK01 about the common types of cyber scams in Hong Kong and provided some suggestions for how citizens can avoid them.
Kenix Yuen and May Leung have authored an article for the Hong Kong Economic Times which explores the rise of PPE scams in Hong Kong. In the article they provide useful tips on how to recover lost funds, briefly outlining the relevant legal procedures and the applications which can be made.
Since the outbreak of COVID-19, we have seen an overwhelming demand worldwide for Personal Protective Equipment (PPE), which includes respirators, surgical masks, gloves and face shields. Regrettably, unscrupulous traders never miss an opportunity to capitalise on public fears and concerns. Amid these difficult times, there has been a surge of fraud schemes associated with PPE transactions all around the globe. In Hong Kong, over 1,600 reports of online mask scams were received by the Hong Kong Police between January and March this year, consisting of more than 3,000 individual victims and local companies involving a total of HK$48.2 million. It has also been reported that fraudulent mask schemes totalling US$799 million were uncovered in United States in the last few months, and similar patterns have been observed across the Europe.