24 Dec 1999
RE BOCI RESEARCH LTD.
- Citation
- RE BOCI RESEARCH LTD.
- Court
- Court of First Instance
- Case number
- HCMP6985/1999
The court held that the Companies Ordinance does not prevent share capital being denominated in a foreign currency, adopted the English practice of recording the re‑increased share capital in the minutes, and exercised its discretion to sanction the reductions because the slight decrease in authorized capital would not prejudice any party.