12 Nov 2013
LEUNG CHUN WAH v. WILLAS COMPANY LTD
- Citation
- LEUNG CHUN WAH v. WILLAS COMPANY LTD
- Court
- Court of First Instance
- Case number
- HCMP1531/2013
The court exercised its discretion to grant relief under sections 111 and/or 122 for the listed Hong Kong subsidiaries because on the evidence the breaches were, broadly speaking, inadvertent or isolated, affected shareholders were not prejudiced (or their knowledge could be inferred), and adequate measures were in place to ensure future compliance; the commercial imperative of a proposed listing was a relevant factor but not decisive absent countervailing concerns.