There is no doubt that both internal and external regulation of banks will need to be coordinated, but the main responsibility for effective regulation of banks and financial institutions lies within these institutions themselves. However, internal regulation needs to be backed up by effective...

The Global Financial Crisis (GFC) threatened to bring world financial markets to a halt. It is now coming to light that in the run-up to, and at the height of, the GFC, investment banks and other participants in the financial markets acted unethically as well as imprudently. This article takes a...

Chinese State Owned Enterprises (SOEs) accounted for 84% by value of Chinese foreign investment in Australia. At the same time, SOEs have served as national ‘champions' working for the advancement of China's national interests. In some ways they have much in common with sovereign wealth funds....

Many Asian legal systems have moved to modernise their systems of business law. This has usually meant that laws dealing with corporate debt or corporate insolvency have also been introduced or modernised. A seeming paradox is presented by this apparent commitment to the rule of law as is...

This paper examines insolvency law and practice in six Asian jurisdictions and is based on a socio-cultural study of the perceptions and practices of leading insolvency practitioners, officials and business people. The paper explores specific manifestations of “rule of law” as reflected in...

This empirical research project asked whether insider trading was a serious problem in Australia. Market observers had reported that it was often seen as such, especially during bull markets. According to some financial advisers, "in terms of its frequency, insider trading is a small matter but...

China's corporate insolvency law regime was in a state of transition for a relatively long period of time, with the major, but temporary, body of legislation dealing specifically with enterprise bankruptcy having been passed in 1986 . The inadequacy of China's existing insolvency law become...

The corporate collapses of recent times, such as the massive collapses of Enron in the United States and HIH in Australia, have suggested that there are major systemic problems facing the way in which corporations and corporate governance operate. Some conduct associated with these collapses has...

This paper provides an overview of some recent developments in the area of corporate governance and does this by examining a number of major global corporate governance debates and the issues underlying these debates. This will be done by reference to the debates around several major...

In this paper Roman Tomasic and Brendan Pentony attempted to determine the real reasons for takeover litigation through a national series of interviews with those directly involved: lawyers, judges, company executives, regulators and bankers. The results showed that the decision to litigate had...