1 Mar 2024
ORIENT FINANCE HOLDINGS (HONG KONG) LTD v. CHINA VERED ASSET MANAGEMENT (HONG KONG) LTD AND ANOTHER
- Citation
- [2024] HKCFI 649
- Court
- Court of First Instance
- Case number
- HCA682/2022
The court found on the evidence that the dominant purpose of the Independent Consultant’s Report was to investigate factual matters at the auditors' request (to enable completion of audit and address Listing Rules concerns) rather than being created for litigation; therefore litigation privilege did not attach and the Report was not protected. Disclosure of the Report was necessary for the fair disposal of the proceedings and likely to save costs, so the appeal was dismissed and discovery ordered to stand.