Hon-Ying Amie Tsang

Findings — machine-extracted (anthropic-batch:claude-opus-4-8); verify against the decision

Ms Tsang, sole owner of Amie Tsang & Company Ltd, acted for around 451 overseas buy-to-let investors purchasing units in 'fractional' off-plan property development schemes through which some £27.7m passed. None of the developments completed. The SRA alleged she failed to advise clients of the high inherent risks, breaching Principles 4, 5, 6 and 10 and Outcomes 1.2 and 1.5. The Tribunal, applying Minkin and Spire Property v Withers on advice 'reasonably incidental' to a retainer, found she had acted reasonably within her limited retainer for a modest fee and had gone as far as required to set out the wider risks. The SRA relied on documentary material (including a later 2017 Warning Notice and post-dated practice notes), called no witnesses, and adduced no evidence of client vulnerability or harm. The allegation was not proved and was dismissed. There was no allegation of dishonesty or lack of integrity. Given inordinate delay, harm to the Respondent's reputation, and that the case lacked a proper basis in law, the Tribunal made a costs order against the SRA of £74,950 (the claimed £79,950 reduced by £5,000 for the hearing lasting two rather than three days).