12 Nov 2013
LEUNG CHUN WAH v. FULL LINK INVESTMENT LTD
- Citation
- LEUNG CHUN WAH v. FULL LINK INVESTMENT LTD
- Court
- Court of First Instance
- Case number
- HCMP1494/2013
The court exercised its discretion to grant relief under sections 111 and 122 for the Group I, II and III respondent companies because, on the evidence, the contraventions were in the main inadvertent (notably the 2007 defaults due to auditors' delayed sign-off), affected shareholders were aware of the companies' financial positions and suffered no prejudice, adequate measures to secure future compliance were in place, and no countervailing factors justified refusing relief in the context of facilitating a legitimate listing process.