17 Sept 2003
THE OFFICIAL RECEIVER v. CHAN CHUN YAN AND ANOTHER
- Citation
- THE OFFICIAL RECEIVER v. CHAN CHUN YAN AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP2606/2002
Application dismissed because the court found on the facts that Mr Tsang acted as a non-executive director who had reasonable grounds to believe competent persons were charged with accounting duties, received management reports and other information, injected funds when requested, did not dishonestly or culpably abrogate responsibility, and the deficiencies and the company collapse were caused by the co-director and external economic events; the Official Receiver failed to prove on the civil standard that Mr Tsang’s conduct was grossly incompetent or otherwise sufficiently serious to render h…