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  • August 29, 2014
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  1. News - Hong Kong - COURTS

    Law empowers government to decide on TV licensing bids, court told

    Posted Aug 29th 2014, 04:22am by JULIE CHU

    ... before reaching a decision, Yu said, so it was reasonable for the body to adopt a "gradual and orderly approach" in its final stage of decision-making and rate market sustainability ...

  2. Business - Banking & Finance - COURTS

    Another ex-Rabobank trader pleads guilty to Libor rigging

    Posted Aug 20th 2014, 01:34am by Reuters

    ... offered rate, becoming the second employee of the Dutch-based lender to admit guilt in a United States probe into alleged manipulation of interest rate benchmarks worldwide. Paul Robson, a British citizen who also submitted Rabobank's rates used to calculate the yen Libor, conspired to manipulate the submissions to benefit trading positions between 2006 and 2011, the US Department ...

  3. News - Hong Kong - COURTS

    Rafael Hui given ‘very rare’ HK$5.4m loans by SHKP subsidiary, graft trial hears

    Posted Aug 08th 2014, 11:40pm by Stuart Lau

    ... a "favourable" interest rate at "below prime"- in vain. "As a borrower of course he would like to have the lowest possible interest rate," said Au. "However, finally... it was decided that the interest rate should be fixed at the prime rate." In December the following year, Au's colleague handled another application from Hui- this time for HK$1.5 million- ...

  4. News - Hong Kong - COURTS

    Walter Kwok 'threatened' SHKP director over ICC lease, court told

    Posted Jul 30th 2014, 04:38am by Austin Chiu

    ... but a document signed by Lui and submitted to the Commissioner of Rating and Valuation stated the flats were first occupied in April 2004. Lui said he did not know why that was the case. It was "not ...

  5. News - Hong Kong - COURTS

    Michael Suen tells court he isn't good friends with SHKP's Thomas Chan

    Posted Jul 29th 2014, 03:38am by Austin Chiu

    ... learned of the market rate. The new agreements were signed on June 24 that year, effective on July 1, 2005, for 30 months. Hui, 66, faces eight charges related to bribery and misconduct in public ...

  6. News - Hong Kong - COURTS

    Estate of chef in soccer bets suicide hit with bank demand over HK$2.7m debt

    Posted Jul 27th 2014, 05:26am by CHRIS LAU

    ... on a yearly rate of 11 per cent until the debt is fully resolved, the court document reads. The High Court writ filed on Friday said the bank granted a non-revolving loan of HK$4 million to Luk Yik ...

  7. News - Hong Kong - COURTS

    Hui trial: alleged go-between's sister-in-law testifies against him

    Posted Jun 23rd 2014, 11:48pm by Austin Chiu

    ... Citing a bank statement, he said the interest rate for a US$500,000 deposit Kwan made was 2.3 per cent- as compared to the 1.11 per cent interest of the Hong Kong dollar loan. "This ...

  8. News - Hong Kong - COURTS

    Raymond Kwok’s diary reveals calls to Rafael Hui after Tung Chee-hwa stepped down

    Posted Jun 09th 2014, 11:35pm by Staff Reporters

    ... agreed a new deal for the flats based on the market rate. But Perry said that around the time he paid HK$480,000 as a two-month deposit and a month's rent in advance, Francis Kwan paid him ...

  9. News - Hong Kong - COURTS

    Live blog: Kwoks used 'elaborate' scheme to mask payments for Hui, prosecution says

    Posted Jun 06th 2014, 10:12am by Enoch Yiu, Stuart Lau, Patsy Moy

    ... market-rate rent of HK$160,000 a month, "in truth, he was reimbursed". 11.56am: Perry turns the jury's attention to a chart that shows both Thomas Chan's family trust and his ...

  10. News - Hong Kong - COURTS

    Court spares milkshake murderer Nancy Kissel from paying costs of lost appeal

    Posted Mar 15th 2014, 04:11am by Austin Chiu

    ... at discounted rates. "The applicant has been incarcerated for almost 10 years and … has been privately represented … The costs … will be quite substantial," Madam Justice Carlye Chu Fun-ling ...




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