Read the full judgment text of HCIA 000001/1995 on BabelCite. This HCIA judgment was delivered on 21 November 1995.
1. The respondent operated a factory in Hong Kong where it employed a work force of some 123 people. A majority of the workers had been with the respondent for more then 10 years. In 1988, the respondent became aware that the owner of the building in which it had its factory intended to demolish it. In the financial year 1987/1988, the respondent established a long service payment reserve fund reserve of $1,500,000. This was included in the audited accounts of the respondent for the year ended 3