24 Jul 2009
RE SANLIUYIDU (HONG KONG) SPORTS GOODS CO LTD
- Citation
- RE SANLIUYIDU (HONG KONG) SPORTS GOODS CO LTD
- Court
- Court of First Instance
- Case number
- HCMP1152/2009
The court concluded the non-compliance was inadvertent, shareholders were not prejudiced and adequate remedial steps had been taken (accounts prepared, advisers replaced and written resolutions passed), therefore it was appropriate to exercise the discretionary powers under s122(1B) and s111 to regularise the defaults and grant the relief sought.