Two Hong Kong lawyers who previously worked for magic circle firms are facing trial in the SAR after the High Court refused to strike out proceedings against them for their alleged involvement in insider dealing offences.

Young Bik Fung, an ex-Slaughter and May lawyer, and her boyfriend Lee Kwok Wa, previously with Linklaters, have been the subject of a lawsuit filed by the Securities and Futures Commission (SFC) in 2010 which claims they violated the Securities and Futures Ordinance (SFO) after using confidential information to trade shares.