Excessive risk taking due to a flawed remuneration design is widely regarded as the cause of the recent Financial Crisis. This article endeavours to examine the problem from a legal and economic perspective. A remuneration package should reward managers for successfully advancing the interests...

A domestic securities regulator, which is equipped with investigatory and enforcement powers conferred by statutes, should, in theory, be capable of regulating most securities-related activities. However, following from the liberalization of cross-border movements of capital, there has been a...

Traditionally, the major way to teach/study law has been using a doctrinal approach. It focuses on complex legal issues or problems and relies on interpretation and application of the law using legal precedent, law sources and the work of other academics, etc. In the era of globalization, an...

This article seeks to put the law-finance-growth nexus into the context of Africa. As of 2017, the African Securities Exchanges Association has 27 securities exchanges as full members. The Johannesburg Stock Exchange is the most developed of all, especially with respect to its market...

The Astana International Financial Centre (AIFC) was launched on 1 January 2018. It is envisaged that the AIFC will create an attractive environment for various financial activities. To accomplish this goal, one major feature of the AIFC is that it will operate an independent legal regime based...

The principles of ‘One Country Two Systems' have reaffirmed the autonomy of Hong Kong in a number of aspects, despite the handover of sovereignty over Hong Kong from the UK back to China in 1997. In accordance with the Sino-British Joint Declaration and Basic Law of Hong Kong, the city is able...