Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Financial reporting obligations
  • 30 Apr 2021

    WONG MICHELLE YATYEE v. GOLDBOND GROUP HOLDINGS LTD

    Citation
    [2021] HKCFI 1129
    Court
    Court of First Instance
    Case number
    HCMP2259/2020

    The court exercised its statutory discretion under s431 to grant a retrospective extension for laying the audited financial statements to 28 December 2020 because the delay was caused by forensic and further investigations, the default was inadvertent, shareholders had been kept informed and no prejudice was shown; the court refused relief under s610(5) because it has no jurisdiction to grant retrospective extensions under that subsection and refused to make an order under s610(7) because the AGM had already been held and a s610(7) order would not remove prosecution risk or serve any useful p…