On the criticisms against the court : was there any case involving IRD suing a purchaser of a company in a similar scenario, so that the court would have a chance to rule on it? I have never heard of such a case in HK. Btw, Salomon v Salomon is the fundamental case on
Opinion: What if the justice chief's actions spur people to snub the law? https://buff.ly/2n8tFIT
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(cont'd) corporation's separate legal entity, so that people can actually invest through an asset holding device without bearing the risk of incurring a huge personal liability. The chances of overruling it is very slim, and not recommended. Interpreting it narrower risks damagin
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