24 February 2010
JSM acted for Wynn Resorts (Macau) S.A., the owner of resort and casino "Wynn Macau", in its claim for credit of about HK$30 million advanced to a high-roller and obtained judgment for the same amount.
This action is the first claim based on the new Macau gaming credit law and contested before the Hong Kong court, In opposing our application for summary judgment, the defendant adduced expert evidence to the effect that the credit advanced was unenforceable under Macau law and therefore the interpretation of the Macau statute was a triable issue. This argument was rejected by the High Court which preferred the opinion of our experts. This judgment has drawn considerable press coverage in both Hong Kong and Macau and has been commented as a "watershed event" for the Macau gaming industry by Steve Jacobs, President and CEO of Sands China, a rival of Wynn Macau.
The JSM team was led by Nick Hunsworth and John Hickin.