16 Dec 2008
YAU SIU CHAN v. ITALINA (HOLDINGS) LTD AND OTHERS
- Citation
- YAU SIU CHAN v. ITALINA (HOLDINGS) LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2410/2007
The court held the directors' opinion that preparation of 2005 and 2006 group accounts was impracticable or would involve disproportionate expense/delay was not based on reasonable grounds, lacked evidential foundation and did not consider statutory alternatives; therefore the court ordered the 2005 and 2006 Group Accounts to be prepared and laid before an AGM within 60 days and awarded costs to the applicant.