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Alston Wai

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Articles

Hong Kong Court of Appeal Dismisses Challenge to Arbitral Award for Alleged Failure to Deal with Key Issues

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By Lianjun Li, Min Li, Matthew Townsend, Donald Sham, Leah Lei, Alston Wai, Cynthia Wu
| reedsmith.com
Overview In LY v HW [2026] HKCA 936, the Hong Kong Court of Appeal dismissed LY’s appeal against the refusal to set aside a Hong Kong arbitral award. The award arose from a pharmaceutical distribution dispute and was made by a three-member tribunal in HKIAC proceedings. LY applied to set aside the award under section 81 of the Arbitration Ordinance (Cap 609).
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China’s new regulatory framework on RWA tokenisation, stablecoins, and other virtual currency activities

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By Lianjun Li, Min Li, Matthew Townsend, Jill Wong, Etelka Bogardi, Barbara Li, Amy Yin, Alston Wai
| reedsmith.com
Chinese regulators issue new policy, introducing regulatory framework allowing real-world asset tokenisation and renminbi stablecoins, subject to regulation. PRC entities and their overseas subsidiaries conducting RWA tokenisation or virtual currency activities are subject to regulatory supervision, even when operating outside mainland China, while virtual currency activities in mainland China remain generally prohibited.
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Hong Kong Court of First Instance refuses to set aside award on procedural and public policy grounds and highlights the duty of good faith of arbitral parties

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By Lianjun Li, Min Li, Donald Sham, Matthew Townsend, Leah Lei, Alston Wai, Cynthia Wu
| reedsmith.com
Summary In Bank v. Guarantor & Others [2026] HKCFI 1818, a bank (the Bank) commenced arbitration before the Shenzhen Court of International Arbitration against the second Defendant, a guarantor (the Guarantor), under a written guarantee contract (the Contract). The Guarantor had guaranteed the obligations of the first Defendant.
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