15 Aug 1997
GOLDWYN CAPITAL LTD v. THE SECURITIES AND FUTURES COMMISSION
- Citation
- GOLDWYN CAPITAL LTD v. THE SECURITIES AND FUTURES COMMISSION
- Court
- Court of First Instance
- Case number
- HCAL59/1997
The Commission lawfully declined to process a takeover announcement naming a registered investment adviser where it had justifiable doubts about that adviser's fitness and properness; registration does not bar the Commission from acting on such doubts without first invoking section 56 disciplinary proceedings, and the Commission's subsequent invitation to Goldwyn to allay concerns cured any initial omission so the decision was not procedurally unfair; the judicial review is dismissed.