Tuesday 21st January 2014

Dear Reader,

Solving the MPF-LSP offset problem
We explain the historical context of the Long Service Payment and the offset arrangement against employer's Mandatory Provident Fund contributions, which is now an impediment to full portability, efficiency and lower costs in the MPF system. We provide a solution to this problem which, while not cost-free to employers, is better than the political alternatives, so they had better support it. (21-Jan-2014)

Glorious failure in the Cayman Islands
We look at the curious circumstances behind the failed privatisation of Glorious Property (0845) and call on the Cayman Islands and Bermuda, where 75% of HK-listed companies are incorporated, to follow HK in abolishing the headcount test. (19-Jan-2014)

Does gender diversity add value to HK boards?
We present empirical evidence, using the Webb-site Total Returns series on all stocks and Webb-site Who's Who for all boards in HK over the last 10 years to 2013. (17-Jan-2014)

Policeman penalised for failure to comply with POBO notice
ICAC, 20-Jan-2014

Duo in court for alleged bribes-for-employment
ICAC, 20-Jan-2014

Libertarian Investments Ltd v Thomas Alexej Hall
HK Court of Final Appeal, 16-Jan-2014

Integrated Capital (Asia) Ltd v Zhang Kaijun & others
HK Court of First Instance, 15-Jan-2014
Mr Zhang is or was Chairman of a company which scrapped its HK IPO after publishing its prospectus in Dec-2010.

And much more besides...
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