Jonathan Crompton

Financial Services Disputes (arbitration / litigation / pre-proceedings)

• Represented a Hong Kong special purpose vehicle in successfully securing a return of investment gains in a long-standing claim in HKIAC arbitration and litigation in the Hong Kong and US State and Federal Courts (including the US Court of Appeals) – Noble Prestige Limited v Paul Horn and others.
• Represented a Hong Kong-based asset management vehicle in claims against a Mainland Chinese State Owned Enterprise in claims brought in HKIAC arbitration for unpaid management fees.
• Represented a Partner of a leading Asian buy-out firm in securing compensation from a major European bank for failures of its private wealth management team, including drafting claims to be issued before the Hong Kong Court.
• Represented a senior employee of a global financial institution in successfully seeking Hong Kong Orders to examine witnesses in support of US proceedings before an Administrative Law Judge of the Board of Governors of the Federal Reserve.
• Represented an Asian asset manager in a multi-jurisdictional dispute (in Hong Kong, Singapore, the BVI and the UK) with members of the Liberty Commodities group related to unpaid loan facility and guarantee agreements.
• Advised and represented a leading US investment bank in multiple complaints by High Net Work individuals in private wealth management disputes arising out of the Global Financial Crisis, including related HKIAC arbitration proceedings and regulatory investigations by the Securities & Futures Commission.
• Represented a US investment bank in a multi-jurisdictional dispute against a Mainland Chinese related to currency swap contracts, involving proceedings before the English Commercial Court and Court of Appeal, and the Chinese courts – Morgan Stanley & Co. International PLC v China Haisheng Juice Holdings Co. Ltd.
• Represented a European private bank and its insurer in successfully recovering funds stolen in a cyberfraud.
• Represented the victim of the then-biggest mobile phone scam in Hong Kong history in Hong Kong Court proceedings to successfully recover from first, second and third tier recipients funds stolen in a ‘Chinese law enforcement’ cyberfraud, and related regulatory complaints about the AML processes of the client’s bank.
• Represented a US-based pig genetics company in Hong Kong Court proceedings to successfully recover funds stolen in a social engineering CFO fraud.

Fintech, Tech and Digital Asset Disputes (arbitration / litigation / pre-proceedings)

• Represented a leading online platform in two HKIAC arbitrations concerning disputes with online merchants about improper conduct on their online stores.
• Represented a fintech payments company in disputes with a leading global card scheme related to merchant code allocations.
• Represented a US stablecoin development company in successfully applying to stay and dismiss claims before the Hong Kong Courts brought by an Asian FinTech company related to the sale of a stablecoin, involving proceedings both before the Hong Kong Court and in Singapore arbitration.
• Represented a fintech payments company in successfully responding to allegations of breaches of contract by a European next generation banking and payments platform.
• Advised a US video messaging platform in defending two post-data breach multi-jurisdictional claims brought by the Japanese businesses of two global insurance companies for losses allegedly caused by the leakage of their clients’ data.
• Represented a fintech payments company in successfully defending claims brought by a merchant before the Hong Kong Court following the closure of the merchant’s account and freeze of funds following suspicious transaction activity.
• Represented a BVI tech holding company in pursuing claims in HKIAC arbitration against a leading North Asian online platform concerning its failure to complete on a share purchase agreement during the COVID-19 pandemic.
• Represented a digital asset custodian company in successfully pursuing insolvency proceedings before the English Court against a corporate customer.
• Represented an international software company in defending an ICC arbitration brought by a South East Asian leading national bank in relation to a failed front-to-back software project.
• Represented an Indian software company in disputes with an aviation services company related to a failed enterprise management software project.

Other Commercial / Natural Resources Disputes (arbitration / litigation)

• Represented a mining holding company and its receivers in an HKIAC arbitration against a Mainland Chinese joint venture partner concerning a shareholder dispute and rights to operate three Indonesian mines.
• Represented a global energy generation manufacturer in enforcing an HKIAC arbitration award for approximately US$300 million against a BVI holding company with subsidiary operations in the PRC.
• Advised a global sports entertainment company in defending claims before the Thai Civil Court for damages allegedly suffered by a Thai television company after the client won arbitration proceedings for breaches of the client’s IP rights in televised sports programming.
• Represented a Thai petrochemicals company in a KLRCA (now AIAC) arbitration under the UNCITRAL rules related to oil storage in Labuan.
• Represented a global rights management company in claims brought in an ICC arbitration against a manufacturer for producing defective products branded for a four-yearly global sporting tournament.

Financial Services Regulatory

• Advised an Asian asset manager with over US$15 billion in AUM in a Securities & Futures Commission investigation into IPO allocations.
• Advised a Hong Kong-based digital asset exchange in responding to enquiries by the Hong Kong Securities & Futures Commission about whether client held itself out to be SFC licensed when it was not.
• Advised a Hong Kong-based digital asset exchange in successfully responding to an investigation by the Securities & Futures Commission into IPO allocation issues.
• Advised a Hong Kong-based asset manager in an internal regulatory investigation following a data breach by a leading US investment bank, acting as one of its prime brokers.
• Advised a North Asian bank in an internal regulatory investigation into the AML processes of the bank’s Hong Kong branch.
• Advised a financial controller and company secretary of a Hong Kong listed company in successfully defending an investigation by the Securities & Futures Commission into alleged insider dealing and/or failure to disclose inside information.
• Advised a member of the prop trading desk of a leading US commercial bank in successfully defending an investigation by the Securities & Futures Commission into alleged regulatory failures in prop desk equities trading.
• Advised a member of a global bank’s IPO team in successfully defending a Securities & Futures Commission investigation into alleged failures of IPO sponsor duties.
• Advised a Hong Kong-based asset manager, its Responsible Officers and COO in defending a Securities & Futures Commission investigation into alleged insider dealing and failures in making substantial shareholder interest notifications.

Cyber / Data Protection & Privacy

• Advising and coaching various companies across Asia through ransomware and other cyber incidents affected their businesses globally, including:
  • An Asian asset manager in a cyber simulation exercise and consequential report.
  • An Asian asset manager in two cyber attacks: on its own systems, and on the systems of a key third party service provider.
  • A leading South East Asian Sharia bank in responding to a ransomware attack and the related law enforcement and regulatory investigations.
  • An international audit, accountancy and professional services firm in its response to a ransomware attack on its Hong Kong business.
  • A corporate services provider and share registrar in its response to a ransomware attack, including liaising with its insurer’s monitoring counsel and its private equity investor’s counsel, on aspects of the response.
  • A Singapore-based fintech equity investment company in its response to a ransomware attack affecting two of its invested companies in India.
  • A major international general insurer in responding to a ‘fat-finger error’ personal data breach and the subsequent investigation by the Privacy Commission for Personal Data.
  • A leading real estate and project management services company in responding to a ransomware attack affecting its operations in Singapore, Malaysia, Indonesia, and Thailand.
  • An Asian multinational retail and licensing conglomerate in responding to a ransomware attack affecting systems in the UK and Hong Kong and the subsequent investigations by the Information Commissioner’s Office and the Privacy Commissioner for Personal Data.
  • A global convenience store operator in its response to a ransomware attack affecting its Hong Kong stores including the subsequent investigation by the Privacy Commissioner for Personal Data.
  • A Japanese food manufacturer in its response to a cyberattack on its Nigerian manufacturing operations.
  • A Thai retailer listed on the Stock Exchange of Thailand in its response to a ransomware attack.
  • A global hotels & hospitality company in responding to a cyber attack on one of its properties in California, and the subsequent recovery of stolen funds through the Belgian Courts.
  • A members-owned private club in Hong Kong in its response to a ransomware attack disabling its systems, including POS and member-management systems.
  • A leading private sports club in Hong Kong in responding to a ransomware attack.
  • An international private schools company in its response to ransomware attacks on two of its properties in Singapore and the subsequent investigation by the Personal Data Protection Commission.
  • A government-funded school in Hong Kong on a ransomware attack and the subsequent investigation by the Privacy Commissioner for Personal Data.
  • A leading international private school in Hong Kong in its response to a cyberattack affecting its operations.

• Hong Kong SAR, Solicitor Advocate (Higher Rights of Audience (Civil)
• Hong Kong SAR, Solicitor of the Supreme Court of Hong Kong
• England & Wales, Solicitor of the Superior Courts of England & Wales