Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Failure to submit statutory documents
  • 27 Nov 1982

    RE GOLDMANN COMMODITIES (HK) LTD

    Citation
    RE GOLDMANN COMMODITIES (HK) LTD
    Court
    Court of First Instance
    Case number
    HCCW45/1981

    The court held that three directors (Choi Lup Tung, Yeung Ki Yuen and Wong Kin Man) had not established reasonable excuses for failing to submit or verify the Statement of Affairs and therefore fines and mandatory orders to submit and verify within six months were appropriate; one director (Wong Wai Man) had made out a reasonable excuse and was exempted from fines and costs orders. The obligation to assist in preparing a Statement of Affairs survives resignation where directors had access or involvement and they must show they did their reasonable best to obtain materials before claiming impo…