16 Jan 2015
SECURITIES AND FUTURES COMMISSION v. YIN YINGNENG RICHARD AND OTHERS
- Citation
- SECURITIES AND FUTURES COMMISSION v. YIN YINGNENG RICHARD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2502/2012
On the balance of probabilities the asserted Mutual Understanding & Agreement did not exist as represented; contemporaneous documents and credibility findings showed the Clarification Announcement was false in a material respect; the Respondents (particularly Yin and Lee, and Wang as beneficiary) acted dishonestly or with such lack of care as to breach fiduciary and statutory duties and thereby conducted the Company's affairs in manner falling within s214(1)(a)-(d); the Court therefore established liability and ordered compensatory and ancillary reliefs, reserved determination of disqualifica…