20 Jan 2025
SECURITIES AND FUTURES COMMISSION v. LI WING SANG AND OTHERS
- Citation
- [2025] HKCFI 369
- Court
- Court of First Instance
- Case number
- HCMP2068/2020
On the agreed facts the 3rd Respondent negligently failed to take reasonable steps to recover a large related‑party debt, failed to obtain adequate control and oversight of a material joint venture, failed to cause impairment provisions to be made and permitted publication of materially misleading interim results; his conduct fell within s.214(1)(b)-(d) but involved negligence rather than dishonesty; having regard to his role (not a Fuchao officer), culpability (high end of minimum bracket) and mitigation (consent to Carecraft and agreement to pay costs), a 4‑year disqualification under s.214…