31 Aug 2010
NEW SEA ENTERPRISES LTD v. SINWELL (H.K.) LTD
- Citation
- NEW SEA ENTERPRISES LTD v. SINWELL (H.K.) LTD
- Court
- Court of First Instance
- Case number
- HCMP1438/2010
The applications were granted because the statutory criteria were satisfied: shareholders (common ultimate owners) were aware of financial positions, the defaults were inadvertent, and there was evidence of steps to ensure future compliance; relief was conditioned on an undertaking to notify The Stock Exchange and prospective investors of the order and reasons.