plaintiff:
- HKSAR
defendant:
- MAK KWONG YIU (麥光耀)
- CHAN LAI YEE (陳麗兒)
- WONG SHUK ON (黃淑安)
- LEE YICK MING (李易明)
jurisdiction_code: HKCFA
jurisdiction_name: Court of Final Appeal of the Hong Kong Special Administrative Region
case_location:
- 香港特別行政區
- Hong Kong Special Administrative Region
case_reason: >-
  HKSAR appeals against the Court of Appeal's decision (CACC No. 239 of 2021) to overturn convictions
  of defendants for conspiracy to conceal CISL's role as placing agent in a connected transaction.
case_object:
- conviction
- right to have conviction upheld
- connected transaction determination
judgment_result:
- charge: Conspiracy to conceal CISL's role as placing agent (liability issue)
  result: Upheld. Appeal allowed, convictions restored. Court found concealment of CISL's agency constituted
    unlawful connected transaction under Listing Rules, and directors' conflict of interest was central
    to conspiracy charges.
judgment_summary: >-
  HKSAR appeals against the Court of Appeal's overturning of convictions for conspiracy to conceal CISL's
  role in a connected transaction. Core issues: upholding convictions and determining connected transaction
  status. Court rejected narrow 'sham' test from Snook v London, citing Adams v The Queen, finding concealment
  of CISL's agency constituted unlawful connected transaction under Listing Rules. Convictions upheld,
  appeal allowed, with directors' conflicts central to charges. Hong Kong Stock Ex
involved_entities:
- entity_name: Mr Justice Ribeiro PJ
  reason: Presiding judge in this case, responsible for fact-finding and adjudication.
- entity_name: Mr Justice Fok PJ
  reason: Presiding judge in this case, responsible for fact-finding and adjudication.
- entity_name: Mr Justice Lam PJ
  reason: Presiding judge in this case, responsible for fact-finding and adjudication.
- entity_name: Mr Justice Stock NPJ
  reason: Presiding judge in this case, responsible for fact-finding and adjudication.
- entity_name: Sir William Young NPJ
  reason: Presiding judge in this case, responsible for fact-finding and adjudication.
- entity_name: Diplock LJ
  reason: Served as judge in Snook v London and West Riding Investments Ltd, articulated test for determining
    sham transactions.
- entity_name: Hong Kong Stock Exchange
  reason: Institution involved in regulatory framework for connected transactions.