Challenges Facing Companies Amidst the Wave of Suspensions
On April 2, 2024, over 60 Hong Kong-listed firms, spanning real estate, construction, and energy sectors, suspended trading due to the non-disclosure of their 2023 financial results by the stipulated March 31 deadline. Under the Listing Rules of the Stock Exchange of Hong Kong, firms suspended for 18 consecutive months face potential de-listing. The Exchange can also impose a "Specific Remediation Period" for companies to resume trading, failure of which will lead to de-listing in accordance with Section 6.10. Suspended companies must disclose critical information, including Insider Information required by the Securities and Futures Ordinance and all details mandated by the Listing Rules.
In a recent article for Hong Kong lawyer, A&M's Disputes and Investigations experts Frankie Leung and Lucia Lu highlight the necessity of conducting independent forensic investigations and implementing robust anti-fraud measures. They stress the importance of forming independent investigation committees and maintaining open lines of communication with auditors to navigate suspensions effectively. By taking these actions, companies can work towards lifting suspensions, ensuring compliance, and mitigating the risk of de-listing.
The White House’s AI Legislative Framework and the Unsettled Future of State AI Laws
April 3, 2026
This article examines the Trump administration’s March 20, 2026, “National Policy Framework for Artificial Intelligence Legislative Recommendations” and the central governance question it raises: Will Congress create a national AI standard that displaces portions of the current state-law patchwork?
Crypto Clarity: The Application of Federal Securities Laws to Crypto Assets
April 1, 2026
A&M’s Disputes and Investigations experts examine the SEC’s interpretative release from March 17, 2026, including its crypto asset taxonomy and its treatment of digital commodities, stablecoins, tokenized securities, and certain crypto-related activities. They also explore what this guidance could mean for the continued expansion of crypto asset trading in the United States.
Uncovering Missing Information in Liquidation – A Forensic Accounting Perspective
February 25, 2026
This insight outlines several practical approaches from a forensic accounting perspective to uncover and identify missing assets, reconstruct records, and uncover information during liquidation.
Prediction Markets: CFTC Issues Guidance and Potential Rulemaking Notice
March 24, 2026
On March 12, 2026, the Commodity Futures Trading Commission (CFTC) issued two key documents aimed at clarifying regulatory oversight in the prediction markets – an Advanced Notice of Proposed Rulemaking (ANPRM) and a staff advisory letter to Designated Contract Markets (DCMs). In this article, we will highlight key takeaways from both.
