30 Jan 2014
SHUM CHIU HUNG v. HONG KONG TIMES INVESTMENTS LTD
- Citation
- SHUM CHIU HUNG v. HONG KONG TIMES INVESTMENTS LTD
- Court
- Court of First Instance
- Case number
- HCMP2301/2013
The applications were dismissed because the accounts for many years were not prepared or audited until years after the prescribed periods and only after listing due diligence; documentary evidence did not support the applicant's assertions of timely auditor engagement or reasonable reliance; the applications appeared principally to seek retrospective relief that would effectively relieve directors of potential criminal liability; given the retrospective nature and lack of compelling justification or evidence that directors acted honestly and reasonably, the court refused to exercise its unfet…