Young Bik Fung, formerly of Slaughters, Lee Kwok Wa, formerly of Linklaters, and his two sisters are accused of making US$374,000 by insider trading. This occurred, according to the Securities and Futures Commission, when they traded shares in Hsinchu International Bank, shortly before it was the subject of a takeover offer by Standard Chartered, and also when they traded in Asia Satellite before a privatisation offer. 

Application rejected

But a High Court judge rejected their application to dimiss the suit as the share trading in Hsinchu had taken place in Taiwan. The four claim that they had no insider knowledge when they bought the shares in 2006 and 2007. Lee Kwok Wa 'left this firm in 2007', according to Linklaters spokeswoman Amanda Clarke, as reported by Bloomberg. 'We have no comment to make on his personal legal proceedings.'  Ms Young worked on the Hsinchu offer, according to the regulator.