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Full-Text Articles in Law
Bringing Down The Temperature, Singapore Management University
Bringing Down The Temperature, Singapore Management University
Perspectives@SMU
Governments have signed the Paris Agreement to address climate change. Businesses and individuals can play their part to keep the momentum going
Corporate Reorganisation Of China’S Listed Companies: Winners And Losers, Zinian Zhang
Corporate Reorganisation Of China’S Listed Companies: Winners And Losers, Zinian Zhang
Research Collection Yong Pung How School Of Law
This article is the first empirical study investigating the corporate reorganisation of Chinese domestically-listed companies. Through examining these cases, it challenges the assertion made by most of these corporate reorganisation plans and by Chinese state-run media reports that creditors and general public shareholders were the major beneficiaries. Through an analysis of the data generated from all forth-three such cases, this articles reveals that: First, unsecured creditors could have, on average, received 61.37% more of their claims if the fundamental value distribution principle, the absolute priority norm, could have been complied with in these reorganisations; Second, if the general-public-shareholder-protection scheme issued …