Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Annual reporting by bankrupt
  • 16 Apr 2003

    RE WONG SIU KI OSWALD

    Citation
    RE WONG SIU KI OSWALD
    Court
    Court of First Instance
    Case number
    HCB1017/1998

    Master found the Official Receiver proved the statutory grounds: the Bankrupt's prolonged failure to file a Statement of Affairs, late resignation as director, inadequate and contradictory disclosures about a major investment, and late/inaccurate annual reports constituted serious breaches of statutory obligations; these failings warranted delaying rehabilitation and justified suspending automatic discharge for the maximum statutory period until 23 December 2006; a conditional discharge was not appropriate.