21 Aug 2009
CINMEDIA INC. v. CINMEDIA LTD
- Citation
- CINMEDIA INC. v. CINMEDIA LTD
- Court
- Court of First Instance
- Case number
- HCMP1398/2009
Relief granted because the defaults were inadvertent rather than wilful, no prejudice to shareholders or creditors was shown, directors had been aware of the companies' financial positions, remedial measures were implemented and the directors gave binding assurances to comply with statutory requirements, thereby justifying exercise of the court's discretion under the Companies Ordinance.