This article discusses the extent to which rule of law principles have been embraced within the language, principles and practice of China’s Company Law. The paper discusses different understandings of the rule of law that are to be found in the wider literature. Whilst China has affirmed the...

China has achieved remarkable success in building the necessary institutions for a functional legal system. However, it seems that the Chinese government is more willing to nurture rule of law in some areas, while still striving to maintain excessive administrative discretion - namely rule of...

A good corporate governance framework should combine transparency, accountability and integrity and this requires knowledge of beneficial ownership. The protection of minority investors and other stakeholder protection will be challenging without access to reliable information about the...

Investor confidence in financial markets depends in large part on the existence of an accurate disclosure regime that provides transparency in the beneficial ownership and control structures of publicly listed companies. This is particularly true for corporate governance systems that are...

Money laundering has become a phenomenon of financial market regulation. The obligation to identify the ultimate beneficiary, or the beneficiary owner, which need not be entirely synonymous terms, has been the focus for both national authorities and international organizations. However, such...

During the last decade, anti-money laundering regulation has escalated within the EU. The goal of this paper is to analyse the extent of the introduced criminal liability for legal persons related to money laundering offences by the sixth EU anti-money laundering directive. The focus of this...

The laws of Malaysia place responsibility upon individual to help prevent money laundering activities. This article briefly introduced the processes involved in typical money laundering process and various reporting obligations imposed by the Anti-Terrorism Financing and Proceeds of Unlawful...

The Judgment of the European Court of Justice (Grand Chamber) of 22 November 2022, ECLI:EU:C:2022:912 in the Joined Cases C-37/20 and C-601/20, WM and Sovim SA v. Luxembourg Business Registers has spurred some strong reactions. According to some, it “will leave fraudsters rubbing their hands...

This study investigates the extent of compliance with international accounting standards (IASs) by companies in the Gulf Co-Operation Council (GCC) member states (Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates). Based on a sample of 137 companies (436 company-years) we...

Although decided 55 years ago, the Second Circuit’s decision in Texas Gulf Sulphur may be viewed as the most important case under the U.S. securities laws. The decision addressed several landmark issues, including insider trading, company disclosure obligations, and the concept of materiality....