Wednesday 4th August 2010

Dear Reader,

Cop-slapper gets jail
A niece of a top judge and of a cabinet member received a non-custodial sentence for her third assault on a police officer. The magistrate cited mitigating factors the relevance of which we do not see. Webb-site notes that five weeks earlier, another judicial relative of the cop-slapper upheld a jail sentence on a man with a clean record for the same offence. (4-Aug-2010)

RECENT ARTICLES
Arculli's rant against competition for HKEx
The HKEx Chairman has apparently launched a campaign to exempt it from the Competition law currently going through LegCo. We dissect his factually flawed and technophobic arguments. Investors in HKEx should not expect its monopolistic profit margin to continue forever. Let the competition begin. (29-Jul-2010)

The SFC and prospectus liability
The SFC complained yesterday about deteriorating standards of sponsors' work in listing applications. Some of the blame lies with the SFC for abandoning in 2006 proposals to reform the law on prospectus liability. Until investors can effectively sue for a fraudulent prospectus, creating a stronger deterrent, the situation is unlikely to improve. (27-Jul-2010)

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