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Article: The Expropriation Game: Minority Shareholders' Protection

TitleThe Expropriation Game: Minority Shareholders' Protection
Authors
Issue Date2003
PublisherSweet & Maxwell Asia. The Journal's web site is located at http://www.hku.hk/law/hklj/
Citation
Hong Kong Law Journal, 2003, v. 33 n. 1, p. 71-98 How to Cite?
AbstractMany Hong Kong companies, including listed companies, are controlled by a small group of shareholders with family ties. The inadequacy of the law has made it possible for controlling shareholders to expropriate corporate assets by using complex corporate structures to the detriment of minority shareholders. This article analyses the inadequacy of the law on the appointment of directors, self-dealing and shareholder legal remedies, and the current proposals for legislative reform. Drawing on the experience of some Western European countries where dominant shareholding is also a strong feature, it argues that such problems can be overcome by having a system of law and regulation which provides adequate shareholder protection and effective enforcement of such law.
Persistent Identifierhttp://hdl.handle.net/10722/74763
ISSN
2015 Impact Factor: 0.215
2015 SCImago Journal Rankings: 0.101

 

DC FieldValueLanguage
dc.contributor.authorGoo, SHen_HK
dc.contributor.authorWeber, RHen_HK
dc.date.accessioned2010-09-06T07:04:39Z-
dc.date.available2010-09-06T07:04:39Z-
dc.date.issued2003en_HK
dc.identifier.citationHong Kong Law Journal, 2003, v. 33 n. 1, p. 71-98en_HK
dc.identifier.issn0378-0600en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74763-
dc.description.abstractMany Hong Kong companies, including listed companies, are controlled by a small group of shareholders with family ties. The inadequacy of the law has made it possible for controlling shareholders to expropriate corporate assets by using complex corporate structures to the detriment of minority shareholders. This article analyses the inadequacy of the law on the appointment of directors, self-dealing and shareholder legal remedies, and the current proposals for legislative reform. Drawing on the experience of some Western European countries where dominant shareholding is also a strong feature, it argues that such problems can be overcome by having a system of law and regulation which provides adequate shareholder protection and effective enforcement of such law.-
dc.languageengen_HK
dc.publisherSweet & Maxwell Asia. The Journal's web site is located at http://www.hku.hk/law/hklj/en_HK
dc.relation.ispartofHong Kong Law Journalen_HK
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.titleThe Expropriation Game: Minority Shareholders' Protectionen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0378-0600&volume=33&issue=1&spage=71&epage=98&date=2003&atitle=The+Expropriation+Game:+Minority+Shareholders%27+Protectionen_HK
dc.identifier.emailGoo, SH: shgoo@hkucc.hku.hken_HK
dc.identifier.authorityGoo, SH=rp01248en_HK
dc.description.naturepublished_or_final_version-
dc.identifier.hkuros78153en_HK
dc.identifier.volume33-
dc.identifier.issue1-
dc.identifier.spage71-
dc.identifier.epage98-

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