5 Mar 2015
RE THE HONG KONG FOOTBALL ASSOCIATION LTD
- Citation
- RE THE HONG KONG FOOTBALL ASSOCIATION LTD
- Court
- Court of First Instance
- Case number
- HCMP3286/2013
The court granted the extension under section 122 because the Association's failure to lay accounts arose from identifiable operational difficulties (staff departures, auditors' delays, prioritisation of subvention reporting), the Association promptly implemented substantial governance and financial reforms (including appointing a Financial Controller), the outstanding audited accounts were prepared and approved by members, and the application was made without unreasonable delay after Companies Registry inquiry, thereby distinguishing the case from ones of director indifference.