JPEX investors file claims for the first time, lawyers say civil lawsuits have a six-year term and are subject to fiduciary liability debt recovery

June 4th news, reported in September last year, Hong Kong unlicensed virtual asset platform JPEX suspected illegal publicity and business in Hong Kong, the case of two of the victims appointed a lawyer to represent, yesterday formally filed a district court to JPEX group and related persons, a total of 7 defendants, recover 240,000 TEDA or 1.85 million Hong Kong dollars, the first civil claim against JPEX.
Zhu Qiaohua, a consultant at Haochen Law Firm, who represented the plaintiffs, said that the criminal investigation is still ongoing, but there is a six-year time limit for filing a civil lawsuit. Tasman Tam, a barrister representing the two plaintiffs, explained that there will be several causes of action to try to recover losses for the plaintiffs, one of which is based on the fiduciary duty of JPEX Group (the defendants include JPEX's registered companies in Australia and Hong Kong) in the incident.