Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Listing rule compliance

Legal area

Court

2 Dec 2021

RE GTI HOLDINGS LTD

Citation

[2021] HKCFI 3647
Court

Court of First Instance
Case number

HCCW51/2020

The court granted the winding up order because the debt was due and undisputed, the Company was insolvent, the proposed restructuring was not feasible or sufficiently supported (only 48% by value including secured claims and lacking required regulatory approvals and audited accounts), the company's financial position had deteriorated under PLs, and the three core requirements for a Hong Kong winding up order were satisfied.
1 Feb 2008

SECURITIES & FUTURES COMMISSION v. TO SHU FAI AND ANOTHER

Citation

SECURITIES & FUTURES COMMISSION v. TO SHU FAI AND ANOTHER
Court

Court of First Instance
Case number

HCMA547/2007

The Court upheld the magistrate's findings that D3's answers to SEHK were false or misleading in a material particular and that D3 was reckless; provision of the announcement to SEHK, where SEHK was authorised to file with the SFC, satisfied the statutory requirement under s.384; recklessness of the director was properly imputed to the company under s.390; accordingly the convictions were supported by the evidence and the appeal was dismissed.