24 Jan 2018
SECURITIES AND FUTURES COMMISSION v. FAN DI AND OTHERS
- Citation
- [2018] HKCFI 346
- Court
- Court of First Instance
- Case number
- HCMP1761/2009
On the agreed facts the 1st Respondent authorised and caused substantial unauthorised payments, failed to obtain board approval, failed to conduct or disclose due diligence, and caused Listing Rules breaches; those facts amounted to defalcation, misfeasance and conduct engaging s214(1)(b) and (c), attracting the court's jurisdiction to disqualify, and the conduct fell into the middle severity bracket justifying a six year disqualification order (plus costs as agreed).