15 Aug 2013
LAU PAK FAI PETER AND ANOTHER v. JAPAN HOME CENTRE (MANAGEMENT) LTD
- Citation
- LAU PAK FAI PETER AND ANOTHER v. JAPAN HOME CENTRE (MANAGEMENT) LTD
- Court
- Court of First Instance
- Case number
- HCMP1650/2013
The court granted the extensions under s122(1B) because the breaches were caused by ignorance not deliberate misconduct, audited accounts had been prepared and in substance shareholders were not prejudiced, and adequate governance measures and low risk of recurrence justified exercising the discretion in favour of the applicants.