Sunday 25th January 2015
Dear Reader,
Time to look at one of our dysfunctional constituencies...
NEW ARTICLE
The
architect and surveyor cartels
Webb-site finds written evidence of price-fixing and other
anti-competitive practices at the HK Institute of Architects, HK Institute of
Landscape Architects and HK Institute of Surveyors. But they do have 1
legislator and 30 seats in the CE's Election Committee, so when will C Y Leung
activate the Competition Ordinance? (25-Jan-2015)
RECENTLY ON WEBB-SITE
Yes Pope
Frank, we can mock faiths
Pope Francis says its OK to punch someone who insults his mother, and
we cannot make fun of faith. No, it's not. No insult justifies an assault,
whether it's an insult against you, your mother or Muhammad, and whether it is a
punch, a massacre or a state-sponsored flogging. Laws against blasphemy, insult
and mockery have no place in an open society and incentivise intolerance of free
speech. (17-Jan-2015)
Occupy school
suspension order was invalid
We have investigated the Government's actions during the "Occupy"
protests and find that it lacked the legal powers to order district-wide class
suspensions, and was therefore acting outside the rule of law. (13-Jan-2015)
IN OTHER NEWS
HKICPA
bans Francis Lam Chi Ming and Lee Ho Yee for 2 years, reprimands KL CPA Ltd.
Webb-site Total Return
HKICPA, 22-Jan-2015
This concerns the 31-Mar-2010 audit of Code Agriculture (8153), which
has so far been the only HK-listed audit client of the firm. We warned investors
about that company on 25-May-2010. The stock has returned -82.19% since then. Mr
Lam is also the company secretary of China Aluminium Cans (6898).
Concentration warning in Echo (8218)
SFC,
22-Jan-2015
HKSAR v Shirlina Tsang Pui Yu: costs
HK Court
of Appeal, 22-Jan-2015
Shirlina Tsang, who defrauded RBS by cooking
her trading books, gets half her appeal costs having succeeded on one of two
grounds of appeal to reduce her sentence from 50 months to 46 months.
Listing Committee censures/criticises Richly Field (0313) and former directors
SEHK, 21-Jan-2015
And much more besides...
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