Founded in 1971, Hong Kong Law Journal is the leading scholarly journal on the common law in Hong Kong, and the law in China in the English language. The journal also publishes comparative, jurisprudential, international, and interdisciplinary material relevant to the study of law. All contributions are refereed.

The Journal enjoys a wide circulation throughout the common law world. It is available online on a current, full text basis on Westlaw. It is indexed by Scopus, the Social Sciences Citation Index, Current Contents/Social & Behavioral Sciences, and the Index to Legal Periodicals and Books, and abstracted on the Social Science Research Network.

Investor Protection in Capital Markets – The Case of Hong Kong focuses on the regulatory protections available to public investors who have decided to invest their money and trust in Hong Kong listed companies. This book investigates and expands upon the procedures, regulations, and enforcement mechanisms put in place to ensure investors are given adequate protection for their monies invested, with the objective to provide the public with transparent and sufficient investment information.

This publication applies the investor protection benchmarks as set out in the: (new) Companies Ordinance (Cap.622), Securities and Futures Ordinance (Cap.571), and Main Board (or General Enterprise Market (GEM) Listing Rules.

The publiaction not only analyzes regulation of issuers through the disclosure regime, regulation of intermediaries, and regulation of market misconducts but also the heatedly debated issues related to the Lehman Brothers’ minibonds saga and Alibaba’s controversial dual-share structure.

“[This publication] … is a full treatment of one of the world’s most important capital markets, the Hong Kong stock exchange, HKEx, and associated markets. It is a story of investor protection in incremental steps and over a fairly long period of time. In a single volume, the reader can find a wealth of information about the various regulatory bodies with authority over Hong Kong’s capital markets, the details of its disclosure strategies where issuers are concerned, and the treatment and regulation of intermediaries who occupy the space between issuers and investors – in this case often retail investors who constitute an unusually large fraction of the investor population. Special attention is paid to market misconduct under the Securities and Futures Ordinance (Cap.571) and to regulation of specialized markets. … [T]his book thus describes and documents one of the fastest growing industries, regulation itself.”

From the Foreword by Saul Levmore, William B. Graham Distinguished Service Professor of Law at the University of Chicago

1. The Chan Tables are the authoritative and court-approved tables and provide the definitive starting point for all calculations for Personal Injury compensation claims in Hong Kong.

“I agree that the Chan Tables should be accepted as the starting point in Hong Kong…”

Justice Bharwaney, Yuen Hiu Tung (No.1) [2013] 1 HKLRD 643; [2013] 2 HKC 182

2. Developments since the prior edition include the incorporation of Table E483: Projected Hong Kong Life Tables 2018-2066 to reflect the Hong Kong government’s release of updated statistical data in Hong Kong Life Tables 2011-2066, The Hong Kong Population Projections 2017-2066.

3. Personal Injury Tables Hong Kong 2019 has an interdisciplinary research team of the highest order. Neville Sarony, QC, SC is a respected and experienced personal injury practitioner in Hong Kong. Felix Chan is the Associate Professor of the Law Faculty of the University of Hong Kong. Wai-Sum Chan is a Professor of Finance at the Chinese University of Hong Kong. Johnny Li is a Professor of Actuarial Studies at the University of Melbourne, Australia, and a Professor of Actuarial Science at the University of Waterloo, Canada.

4. “These days of judicial skepticism against mathematics and actuarial science are bygone. It is now clear that our very own Chan Tables, much like the Ogden Tables in England, have become an indispensable part and the starting point of our law in this area.”

Foreword, Andrew Cheung, Permanent Judge of the Court of Final Appeal

The 2019 Personal Injury Tables contain essential reference information to facilitate lawyers researching appropriate compensation levels for losses or expenses incurred through personal injury and fatal accident cases.

The Chan Tables are the authoritative court-approved actuarial tables equivalent to the UK Ogden Tables. They provide the starting point for calculations on all Personal Injury compensation claims and are a staple in every court. They have been cited in Hong Kong Courts on numerous occasions including the Court of Appeal.

A number of key developments have occurred since the previous edition. The present 2019 edition is a response to this new data and information and includes:

• Hong Kong Life Tables 2011-2066, Demographic Statistics Section, Census and Statistics Department, Hong Kong SAR Government;

• The Hong Kong Population Projections 2017-2066, Demographic Statistics Section, Census and Statistics, Hong Kong SAR Government; and

• Table E483: Projected Hong Kong Life Tables 2018-2066.

• Discusses the worlds’ first detailed consideration of anti-Bartlett clauses by an appellate court in the Court of Final Appeal’s decision in Zhang Hong Li v DBS Bank (Hong Kong) Ltd [2019] HKCFA 45.
• Considers the fiduciary duty of trustees including the concept of a residual fiduciary duty after Zhang Hong Li v DBS Bank (Hong Kong) Ltd [2019] HKCFA 45.
• A chapter discussing the relationship between equity and unjust enrichment.
• Fresh consideration of the approach to property ownership disputes involving the doctrines of common intention constructive trust, proprietary estoppel, and the resurrection of the presumption of resulting trust after the privy council decisions of Marr v Collie (Bahamas) [2017] UKPC 17 and Whitlock v Moree (Bahamas) [2017] UKPC 44.
• Submission that the common law doctrine of sham should not apply to trusts, considering JSC Mezhdunarodniy Promyshlenniy Bank and another v Pugachev (Pugachev v. Pugachev) [2017] EWHC 2426 (Ch)
• Considers why Hong Kong has no need of the possible new doctrine of estoppel that may be developing in England after the English Court of Appeal decision in Pennington v. Waine [2002] EWCA Civ 227.
• A chapter considering the importance of special trust jurisdictions for trust business in Hong Kong, including Cayman Islands, British Virgin Islands and Bermuda.