Taking Assets from Your Own Company Could Land You in Jail
Very often, especially in desperate times, directors would attempt to find ways to remove assets from their own company. In many cases, these directors would also engage in conducts which may attract criminal liability. Considering the high ranking position of directors in the company, the court has traditionally imposed a severe sentence on such directors upon conviction. We provide below a summary of the recent case of香港特别行政區 v 陳海林, DCCC 84/2011 as an illustrative example.