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  • October 21, 2014
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  1. News - Hong Kong - LAW

    'Corporate veil' cast aside as UK court rules on divorce settlement

    Posted Jun 16th 2013, 12:00am by John Carney

    ... John Carney john.carney@scmp.com UK court ruling that a spouse can lay claim to company assets in reaching a settlement is likely to have a significant impact in HK 'corporate ... to affect divorce proceedings in Hong Kong. Lawyers say the decision could make it harder for a spouse to hide personal assets by putting them behind a corporate structure- the "corporate ...

  2. Railways ministry reform under way

    Posted May 08th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com China's Ministry of Railways has been stripped of its powers to hear transport cases in its own courts. In a move welcomed by critics of the ministry's power, the jurisdiction of the China Court of Railway Transportation has been transferred to local governments. 'It is a step to show the market that the Railways Ministry is starting ...

  3. Boom time for China's corporate crooks as the economy soars

    Posted Jan 07th 2010, 12:00am by Staff Reporter

    ... Neil Gough In the beginning, there was the Forbes list of China's richest. Then came the more locally flavoured Hurun report with its own tally of mainland billionaires. So perhaps ... Shenzhen-based lawyer Wang Rongli has dissected 95 of the biggest corporate graft investigations, busts, dismissals and demotions, trials, convictions and executions involving the country's most ...

  4. Amnesty called on corporate crimes

    Posted Feb 02nd 2004, 12:00am by Wang Xiangwei

    ... on the mainland. According to the Hebei document- released early last month but only reported by the China Youth Daily on Saturday- the authorities would not prosecute bosses of private firms if crimes ... consider lenient or suspended sentences, depending upon the nature and scale of the crimes, their consequences and the repentance of offenders. Gu Yongzhong, a legal professor at China University ...

  5. The law of corporate goalkeeping

    Posted Aug 13th 2005, 12:00am by Tim Metcalfe

    ... the stamina of an athlete to do his demanding job: supervising the corporate administration of some 37 transport companies, including more than 1,000 buses and 3,000 staff of New World First Bus ... the companies are law-abiding corporate bodies with a social responsibility. Our group is committed to having all activities and business carried out in a proper manner.' The role of company ...

  6. CSRC crackdown exposes 66 cases of securities offences

    Posted Nov 10th 2008, 12:00am by Staff Reporter

    ... Kong and Shanghai-listed China Railway Group to task for poor corporate governance. A CSRC investigation found China Railway lacked proper procedures in setting the salaries of senior ... Frederick Yeung The China Securities Regulatory Commission imposed fines and other penalties in connection with 66 cases of illegal securities trade in the first nine months of the year. ...

  7. KCRC seeks settlement with sacked general manager

    Posted Jan 08th 2007, 12:00am by Staff Reporter

    ... LAI YING-KIT Updated at 2.44pm: The Kowloon-Canton Railway Corp on Monday said it would negotiate a settlement with sacked general manager Michael Lai Kai-hin, who is seeking damages ... on railway workers. Mr Lai is seeking damages from the KCRC, claiming his sacking had led to a loss of reputation. He also demanded the company re-instate him to the position he had occupied before ...

  8. Injured activist told guard will not be charged

    Posted Apr 15th 2011, 12:00am

    ... Chloe Lai A security guard who works for the MTR Corporation at a key site for the controversial high-speed cross-border railway will not face prosecution over an incident in which ... in the Shek Kong village between December last year and early March, to make way for a depot serving the HK$66.9 billion high-speed railway. The villagers reached an agreement earlier this month ...

  9. City briefs

    Posted Mar 08th 2004, 12:00am by Staff Reporter

    ... Ma on shan residents protest over transport More than 100 Ma On Shan residents yesterday protested against proposals to cancel bus services after the opening of the East Rail extension. They are worried the move will create a monopoly for the Kowloon Canton Railway Corporation and result in high transport costs for residents. The Transport Department said it would continue consulting ...

  10. Rail builder wins contracts worth 15b yuan

    Posted Nov 01st 2008, 12:00am by Toh Han Shih

    ... Toh Han Shih China Railway Group said it recently won eight contracts worth 14.96 billion yuan (HK$16.96 billion), equivalent to 8.3 per cent of its revenue last year. By October 30, what remains of the state-owned firm's proceeds from its listing in Hong Kong comprised HK$65 million, US$1.68 billion and A$820 million (HK$4.31 billion), equal to about HK$17.4 billion. China ...




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