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Full-Text Articles in Banking and Finance Law
Limits Of Disclosure, Steven M. Davidoff, Claire A. Hill
Limits Of Disclosure, Steven M. Davidoff, Claire A. Hill
Steven Davidoff Solomon
One big focus of attention, criticism, and proposals for reform in the aftermath of the 2008 financial crisis has been securities disclosure. Many commentators have emphasized the complexity of the securities being sold, arguing that no one could understand the disclosure. Some observers have noted that disclosures were sometimes false or incomplete. What follows these issues, to some commentators, is that, whatever other lessons we may learn from the crisis, we need to improve disclosure. How should it be improved? Commentators often lament the frailties of human understanding, notably including those of everyday retail investors—people who do not understand or …
Should Hong Kong's Law Firms Be Allowed To List On The Stock Exchange?, Bryane Michael
Should Hong Kong's Law Firms Be Allowed To List On The Stock Exchange?, Bryane Michael
Bryane Michael (bryane.michael@stcatz.ox.ac.uk)
Policymakers in numerous jurisdictions are debating whether to allow their law firms to raise capital on the stock market. In this article, we look at the benefits for listing Hong Kong's law firms. We argue that such listing would help redress previous historical disadvantages local firms have faces vis-a-vis foreign rivals doing business in the city.