With the surge of takeovers in China, many issues regarding takeover adjudication and legislation have increasingly received academic attention. The issues of the independence and professionalization of the judiciary and the scarcity of legislation on duty of care are the major predicaments...

Reorganization trustees play a crucial role in bankruptcy procedure. The trustees try to resurrect deteriorating businesses by managing remaining resources for the benefit of beneficiaries, usually unsecured creditors and shareholders. More or less, a trustee's role is similar to that of the...

With the stunningly rapid development velocity of the Chinese capital market, much recent legal and economic literature has been directed at criticizing the inefficiency of shareholder protection laws. Admittedly, enforcement is the chronic disease puzzling authorities and legislatures not only...

This Article uses principles abstracted from developed countries to examine the continuity of insider trading enforcement from various cases in China. It then argues that Chinese enforcement principles are inconsistent and concludes that the current policy-orientated enforcement approach does...

This research examines the traditional wisdom of takeovers and regulations. Generally, takeovers have a value adding effect, but need to be regulated in order to curb excesses. Auction promotion rules are efficient in maximizing social wealth and reducing non-value maximizing takeover deals when...

In the past two decades, the Chinese Securities Regulatory Commission (CSRC) has significantly improved its market supervision framework. The number of securities fraud sanction cases is climbing annually. China's insider trading law, however, is broad and abstract. Except for some basic cases,...

Using a theoretical perspective drawing upon established scholarship, this article develops a framework for comparing the blend of private, state/public, and common property in divergent jurisdictions. The article tests the framework it develops through an analysis of the real property law of...

Empirical evidence shows that takeovers are value-maximizing events for target firm shareholders and enhance social efficiency. Takeovers are commonly thought to play a key role in reducing managerial slack in corporate governance through the replacement of inefficient management. Additionally,...

In the area of business law, legislatures always lack incentives to enact optimal laws and are reluctant to innovate even if innovation is badly needed in the real business world. This reluctance exists because lawmakers share few of the benefits of producing optimal laws. Competition among...