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Article: Sponsors' prospectus liability in initial public offerings in Hong Kong
Title | Sponsors' prospectus liability in initial public offerings in Hong Kong |
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Authors | |
Issue Date | 2013 |
Publisher | Oxford University Press. The Journal's web site is located at http://cmlj.oxfordjournals.org |
Citation | Capital Markets Law Journal, 2013, v. 8 n. 2, p. 177-204 How to Cite? |
Abstract | This article critically analyses the current and controversial issue of whether sponsors in Hong Kong should be subject to civil and criminal liability for misstatements in an IPO prospectus under the Companies Ordinance.
It argues that the existing legal regime provides insufficient deterrence and advances policy justifications for imposing liability. It then examines the principal objections against the imposition of liability—negligible deterrence and over-deterrence—and finds them unpersuasive.
It also specifically addresses the concerns arising from making sponsors criminally liable. |
Persistent Identifier | http://hdl.handle.net/10722/184532 |
ISSN | 2023 Impact Factor: 0.9 2023 SCImago Journal Rankings: 0.351 |
SSRN | |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Lim, WKE | en_US |
dc.date.accessioned | 2013-07-15T09:53:23Z | - |
dc.date.available | 2013-07-15T09:53:23Z | - |
dc.date.issued | 2013 | en_US |
dc.identifier.citation | Capital Markets Law Journal, 2013, v. 8 n. 2, p. 177-204 | en_US |
dc.identifier.issn | 1750-7219 | - |
dc.identifier.uri | http://hdl.handle.net/10722/184532 | - |
dc.description.abstract | This article critically analyses the current and controversial issue of whether sponsors in Hong Kong should be subject to civil and criminal liability for misstatements in an IPO prospectus under the Companies Ordinance. It argues that the existing legal regime provides insufficient deterrence and advances policy justifications for imposing liability. It then examines the principal objections against the imposition of liability—negligible deterrence and over-deterrence—and finds them unpersuasive. It also specifically addresses the concerns arising from making sponsors criminally liable. | - |
dc.language | eng | en_US |
dc.publisher | Oxford University Press. The Journal's web site is located at http://cmlj.oxfordjournals.org | en_US |
dc.relation.ispartof | Capital Markets Law Journal | en_US |
dc.rights | Pre-print: Journal Title] ©: [year] [owner as specified on the article] Published by Oxford University Press [on behalf of xxxxxx]. All rights reserved. Pre-print (Once an article is published, preprint notice should be amended to): This is an electronic version of an article published in [include the complete citation information for the final version of the Article as published in the print edition of the Journal.] Post-print: This is a pre-copy-editing, author-produced PDF of an article accepted for publication in [insert journal title] following peer review. The definitive publisher-authenticated version [insert complete citation information here] is available online at: xxxxxxx [insert URL that the author will receive upon publication here]. | en_US |
dc.title | Sponsors' prospectus liability in initial public offerings in Hong Kong | en_US |
dc.type | Article | en_US |
dc.identifier.email | Lim, WKE: elimwk@hku.hk | en_US |
dc.identifier.authority | Lim, WKE=rp01531 | en_US |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1093/cmlj/kmt007 | - |
dc.identifier.hkuros | 215986 | en_US |
dc.identifier.volume | 8 | en_US |
dc.identifier.issue | 2 | - |
dc.identifier.spage | 177 | en_US |
dc.identifier.epage | 204 | en_US |
dc.identifier.isi | WOS:000214598400006 | - |
dc.publisher.place | United Kingdom | - |
dc.identifier.ssrn | 2368662 | - |
dc.identifier.hkulrp | 2014/016 | - |
dc.identifier.issnl | 1750-7219 | - |