13 Jan 2017
ANDREW EDWARD LEFT v. SECURITIES AND FUTURES COMMISSION AND ANOTHER
- Citation
- ANDREW EDWARD LEFT v. SECURITIES AND FUTURES COMMISSION AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP3195/2016
The summons for leave was dismissed as it was filed out of time (14 days from the MMT's section 257 orders of 19 October 2016). Alternatively, even if in time, leave was refused because the MMT's factual findings of recklessness/negligence were based on compelling and permissible inferences from proved facts (anonymous provenance of allegations, sensational nature, complexity and locality of accounting rules, the applicant's experience and short selling, and failure to obtain expert advice or approach the company), so the grounds lacked reasonable prospects of success.