Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Carecraft summary disposal

Legal area

Court

3 Oct 2019

SECURITIES AND FUTURES COMMISSION v. WONG YUEN YEE AND OTHERS

Citation

[2019] HKCFI 2463
Court

Court of First Instance
Case number

HCMP241/2015

On the agreed facts the 1st–4th respondents negligently failed to ensure adequate investigation or due diligence, failed properly to supervise or obtain reports from the Hotel Management Team and failed to negotiate consideration; that conduct amounted to misfeasance/unfair prejudice under s.214 and warrants disqualification under s.214(2)(d); taking culpability and mitigation into account a 3‑year disqualification is appropriate.
9 Apr 2010

SECURITIES AND FUTURES COMMISSION v. YEUNG KUI WONG AND OTHERS

Citation

SECURITIES AND FUTURES COMMISSION v. YEUNG KUI WONG AND OTHERS
Court

Court of First Instance
Case number

HCMP1742/2009

On the agreed facts the court was satisfied that, during the relevant period, the business or affairs of the Company were conducted in a manner involving misfeasance or misconduct and/or resulting in members not being given information they might reasonably expect within s.214(1)(b) and (c). The 3rd and 4th Respondents failed persistently to ensure compliance with Listing Rules including non-disclosure of multiple price-sensitive events and connected-party financial assistance; accordingly disqualification under s.214(2)(d) was appropriate and, taking into account guidance on tariff brackets…