12 Nov 2013
KWOK CHAN CHEUNG v. VALENCE SEMICONDUCTOR DESIGN LTDKWOK CHAN CHEUNG v. VALENCE SEMICONDUCTOR DESIGN LTD
- Citation
- KWOK CHAN CHEUNG v. VALENCE SEMICONDUCTOR DESIGN LTDKWOK CHAN CHEUNG v. VALENCE SEMICONDUCTOR DESIGN LTD
- Court
- Court of First Instance
- Case number
- HCMP1492/2013
Relief was granted to regularise the s111 and s122 contraventions for the respondent companies because on the facts the breaches were in the main inadvertent or excusable (including auditor delay), affected shareholders were aware or not prejudiced, and credible measures were in place to ensure future compliance; therefore the court properly exercised its discretion under the Companies Ordinance to grant the relief sought.