Saturday 7th June 2008
Dear Reader,
NEW ARTICLE
Justice Flip-flop
In a bizarre case, a judge first issued a ruling against an appeal, and
then retracted it and allowed the appeal hours later, after being reminded that
his judgement did not tally with statements made in the hearing 9 months
earlier. The first judgement does not appear online - until now, that is.
Webb-site.com is publishing it in the
interests of transparency. (7-Jun-08)
RECENTLY ON WEBB-SITE.COM
ICEA deja vu
We look at the latest action by the SFC against ICEA, the second in
three years, and also at the complicated structure of state-controlled banking
giant ICBC in Hong Kong. (6-Jun-08)
Fixing the closing
auction
Webb-site.com looks at the problems with the new
closing auction mechanism at HKEx, and explains how these could have been
avoided. (2-Jun-08)
Official: Richard Li doesn't control PCCW
The Government-appointed Broadcasting Authority says that Richard Li doesn't
control PCCW - who knew? This exposes a huge loophole in the law on cross-media
ownership, which can be avoided simply by passing your shareholdings into a
trust. We call on the Government to either scrap the law, which is outdated in
the internet age, or close the loophole by amending it. (2-Jun-08)
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David M Webb
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