12 Nov 2013
LEUNG CHUN WAH v. BESTIME CORPORATION LTD
- Citation
- LEUNG CHUN WAH v. BESTIME CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCMP1499/2013
The court granted relief because the evidence showed affected shareholders were, or could be properly treated as, aware of the companies' financial positions and were not prejudiced, the relevant defaults (notably the 2007 defaults) were inadvertent or excusable (including auditor processes), and adequate measures were in place to secure future compliance; therefore the discretionary relief under ss111 and 122 was appropriate to regularise past non-compliance.