16 May 2011
SECURITIES AND FUTURES COMMISSION v. CHEUNG KENG CHING AND OTHERS
- Citation
- SECURITIES AND FUTURES COMMISSION v. CHEUNG KENG CHING AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV91/2010
The Court of Appeal upheld the Judge's exercise of discretion to require court approval of any settlement of the company action ordered under s214 because of the factual matrix (timing of share disposals, delay and apparent reluctance of the company to pursue claims) and interference was not justified; but allowed limited interference with the length of the 2nd respondent's disqualification because the Judge failed adequately to differentiate her culpability from the 1st respondent and reduced her period from 5 to 4 years.