Section 172 of the UK Companies Act 2006 is arguably one of the most controversial provisions introduced into the company law of the UK by incorporating the concept of enlightened shareholder value, together with a list of non-exhaustive factors that directors ought to take into account in...

The much debated Minimum Wage Ordinance eventually secured passage in the Hong Kong Legislative Council on 17th July 2010 and is to take effect on 1st May 2011. A Minimum Wage Council established under the Ordinance has made recommendations to the Chief Executive on the initial minimum wage...

In October 2009, the Financial Services and the Treasury Bureau of the Hong Kong Government published a consultation paper to review corporate rescue procedure with the aim of reforming key issues relating to corporate rescue. This paper compares the proposed reform in Hong Kong and the...

In October 2009, the Financial Services and the Treasury Bureau of the Hong Kong government published a consultation paper to review corporate rescue procedure with the aim of reforming key issues relating to corporate rescue. This article compares the proposed reform in Hong Kong and...

In April 2018, Sir John Kingman was asked by the Secretary of State for Business, Energy and Industrial Strategy (BEIS) of the United Kingdom (UK) to undertake an independent review of the Financial Reporting Council (FRC). The Kingman review which was published in December 2018 made...

As socially responsible investing (SRI) is becoming more and more popular, it has become the norm to integrate environmental, social and governance (ESG) factors into investment processes and decision-making. ESG factors cover a wide spectrum of issues that traditionally are not part of...

In early 2019, the China Securities Regulatory Commission (CSRC) published guidelines for a new Science and Technology Innovation Board (STI Board) that will be created at the Shanghai Stock Exchange (SSE). The board will feature innovative scientific and technological enterprises and is...

In March 2016, the Financial Services Development Council (FSDC) of Hong Kong published a paper to examine as to whether the financial market of Hong Kong should introduce regulatory framework to promote equity crowdfunding. This article examines the recent experiences adopted by the United...

In March 2015, the Securities and Futures Commission (SFC) of Hong Kong launched a consultation to examine whether the financial market of Hong Kong should implement the Principles of Responsible Ownership, based on the Stewardship Code which was first introduced into the United Kingdom's (UK)...

This article examines the relevance and viability of the legal capital regime as a mechanism in protecting creditors' interests and compares the different approaches adopted by the United States and European Union in regulating the matter. It ultimately argues that the latter should learn from...