Read the full judgment text of on BabelCite. was delivered on 19 November 1999.
1. The evidence in this case primarily concerns the affairs of two companies, namely Mandarin Resources Limited (hereafter referred to as either "the Company" or "Mandarin") and Lucky Man Properties Limited ("Lucky Man"). It is fundamental to the SFC's case that it proves that the 2nd Respondent, Mr Chim, was at all material times in control of both companies. Where his control was not legal control, it is said he was in de facto control. Similarly it is said he was a shadow director at times pr