Jocelyn Chi

Her key experience includes investigating international assets and liabilities, funds flow and assets tracing, analysis of the financial and operational affairs of companies and groups and the associated litigation and professional negligence claims.

Jocelyn also has substantial experience in the forensic investigation and valuation of businesses and matrimonial assets in Hong Kong, PRC and overseas. She regularly prepares expert reports for court proceedings and has testified before the courts.

In addition, Jocelyn has been appointed as Administrator of deceased estates, undertaking investigations and taking control of assets pending court determinations.

Jocelyn has led and facilitated investigation assignments across a diverse range of industries, including scrap metal trading, forestry, cold storage, property investment, freight forwarding and logistics, bullion trading, software development and car rental in Hong Kong, PRC, Singapore and internationally.

Professional Affiliations and Academic Qualifications

• Awarded the Specialist Designation in Insolvency (SD Insolvency) by the Hong Kong Institute of Certified Public Accountants
• Registered Appointment Taker with the Official Receiver’s Office in Hong Kong
• Member of the Certified Practicing Accountants Australia
• Member of the Hong Kong Institute of Certified Public Accountants
• Member of HKICPA Restructuring and Insolvency Faculty
• Master of Corporate Finance, The Hong Kong Polytechnic University, Hong Kong
• Postgraduate Diploma in Advance Accounting, Monash University, Australia
• Bachelor of Commerce – Accounting and Finance, Monash University, Australia

Expertise

• Asset Tracing
• Audit and Professional Negligence
• Estate Administration
• Expert Testimony
• Forensic Investigation
• Matrimonial Disputes

Professional Experience

Insolvency

• Joint and Several Liquidator of Gatecoin, a Hong Kong-based cryptocurrency exchange. Key aspects of the work include identifying, securing and realising crypto-assets. This is the first liquidation of a cryptocurrency exchange in Hong Kong and resulted Hong Kong Court ruling that cryptocurrencies constitutes property under Hong Kong law.
• Liquidator of Deliveroo, being the first liquidation of an online food delivery platform in Hong Kong.
• Provisional Liquidator and subsequently Liquidator of one of the largest scrap metal recycling companies in PRC, listed in Hong Kong, following an application by the Securities and Futures Commission to wind up the listed company on grounds of public interest pursuant to section 212 of the Securities and Futures Ordinance. The work included commencing legal proceedings against the company’s chairman, related parties, and former professional service providers.
• Liquidator of a Cayman holding company listed in Hong Kong, which Group was engaged in the business of forest management and timber harvesting in PRC, focusing on the management and sustainable development of forests, upstream timber harvesting and the sale of logs. The work included funds flow tracing of funds raised by the company exceeding USD700 million by way of debt and equity fund raisings between 2009 and 2011 and commencing legal proceedings in Hong Kong against the company’s former CEO and former auditors (a “Big 4” firm).
• Liquidator of a BVI holding company following a US$37m bond default. The company’s primary assets are 66 restaurant outlets across 30 cities in the PRC.

Forensics

• Expert forensic accountant appointed to investigate whether a Hong Kong listed company and / or persons connected with it had made false or misleading disclosures in its IPO prospectus.
• Led a substantial asset tracing exercise and forensic investigation, including the review of over 500 transactions with an aggregate value exceeding US$200 million.

Matrimonial/Valuation

• Valuation of a pool of international matrimonial assets valued in excess of HK$650 million in substantial contested divorce proceedings in Hong Kong.
• Appointed by the trustee of a family trust as director of a trust entity holding a controlling interest in a Hong Kong listed company with principal operations in the PRC. The work involved tracing fund flows of approximately HK$650 million across Hong Kong, the PRC, and Macau, and serving on the board of the listed company to facilitate the resumption of trading on the Stock Exchange.
• Appointed as Single Joint Expert to value a company which is a major supplier of several food chain stores in Hong Kong. The engagement included identifying appropriate valuation methodologies, preparing an expert report for the parties and the court, and giving expert evidence in court.