26 May 2025
SECURITIES AND FUTURES COMMISSION v. CHEN LI-JUN AND OTHERS
- Citation
- [2025] HKCFI 2048
- Court
- Court of First Instance
- Case number
- HCMP36/2021
The court was satisfied the three statutory conditions under s214(1) SFO were satisfied on the agreed undisputed facts that the business or affairs of NAH were conducted involving defalcation, fraud, misfeasance or other misconduct, and that the Relevant Respondents were partly responsible by failing to exercise proper supervision, diligence and independent judgment; the Carecraft procedure was appropriate to dispose of their liability; the proposed disqualification periods were within the reasonable range and therefore the court ordered disqualification of Lu Ying for 9 years, Ren Hai and Pe…