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1 – 10 of 60Gareth Hughes and James Comber
To remind sponsors to adopt an attitude of “professional skepticism” in Hong Kong IPOs.
Abstract
Purpose
To remind sponsors to adopt an attitude of “professional skepticism” in Hong Kong IPOs.
Design/methodology/approach
Explains the Securities and Futures Commission (“SFC”)'s sanction on BOCOM International (Asia) Limited (“BIAL”) as a sign of determination to hold sponsors to account as gatekeepers to the Hong Kong capital markets.
Findings
The SFC has reprimanded and fined BIAL HK$15 million for failing to discharge its duties as a sole sponsor in a listing application for China Huinong Capital Group Company Limited (“China Huinong”), a company established in the PRC. This substantial fine reinforces the need for sponsors to ensure that they fully and properly discharge all of their duties, and that they will be held responsible for any failure to do so, even if the listing is not ultimately approved.
Practical implications
If sponsors fail to fulfil the requirements required under the sponsors’ regulatory regime, the SFC will be proactive and impose tough sanctions, even if the listing application is eventually withdrawn or returned by the SEHK.
Originality/value
Practical guidance from experienced regulatory, financial and commercial dispute resolution lawyers.
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Gareth Hughes, James Comber and Emily Austin
The purpose of this paper is to provide an overview of a recent Court of Appeal case regarding the Securities and Futures Commission’s (SFC’s) powers to seek remedial orders with…
Abstract
Purpose
The purpose of this paper is to provide an overview of a recent Court of Appeal case regarding the Securities and Futures Commission’s (SFC’s) powers to seek remedial orders with respect to market misconduct.
Design/methodology/approach
This paper summarises the decision of the Court of First Instance and the judgement on appeal to the Court of Appeal, and the practical implications for financial institutions in preventing and detecting the disclosure and use of confidential material price-sensitive information.
Findings
The Court of Appeal’s decision reconfirms the extensive powers of the SFC to pursue conduct involving insider dealing, including where this involves trading in overseas-listed shares and a substantial measure of the elements of the offence that occurred in Hong Kong. The decision also affirms the breadth of the SFC’s powers to seek remedial orders against anyone involved in such offences, even where the person is unaware of the particular contravention.
Practical implications
Organisations should ensure they have adequate systems and controls established to prevent and detect the disclosure or use by employees of confidential material price-sensitive information, including strong information barriers. Insider dealing policies should also expressly cover both Hong Kong and overseas-listed securities, and employees should be given regular training to ensure that they are aware of their obligations with respect to such inside information.
Originality/value
This paper presents a summary that assesses developments in the case of law regarding the SFC’s powers to pursue remedial orders by experienced contentious regulatory lawyers.
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Gareth C. C. Chang joined Hughes Aircraft Company on May 10, 1993 as senior vice president of marketing and president of Hughes International. Chang comes to Hughes after 20 years…
Abstract
Gareth C. C. Chang joined Hughes Aircraft Company on May 10, 1993 as senior vice president of marketing and president of Hughes International. Chang comes to Hughes after 20 years with McDonnell Douglas Corporation, where he served as a corporate vice president and president of McDonnell Douglas Pacific and Asia.
Jo Hebb, Gareth Hughes, Eugene Nyamande, Cheryl Blackwell and Amber Gunn‐Westland
This article provides a report on the extent and nature of sexual harassment by patients towards staff. The analysis is based on a large medium secure psychiatric unit in the UK.
Abstract
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TWO manually operated DEA Swift co‐ordinate measuring machines (CMM), each equipped with Tutor M measuring software, have been installed directly in the production machine shop of…
Abstract
TWO manually operated DEA Swift co‐ordinate measuring machines (CMM), each equipped with Tutor M measuring software, have been installed directly in the production machine shop of Pilkington Optronics Ltd., St Asaph. The CMMs are being used as flexible measuring gauges by Pilkington's machine setter/operators under a programme whereby selfcertification of component accuracy is gradually superseding conventional QC inspection.
A range of space systems engineering technologies are currently under development at the University of Glasgow. Much of this work centres on advanced propulsion (solar sailing and…
Abstract
A range of space systems engineering technologies are currently under development at the University of Glasgow. Much of this work centres on advanced propulsion (solar sailing and tethers) which is complemented by studies on space robotics and spacecraft autonomy. This paper summarises these activities to provide a brief overview of current research interests. Although some work represents fundamental research in space systems engineering, much is mission‐oriented and focused on future exploitation.
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Daniel J. Rees, Victoria Bates, Roderick A. Thomas, Simon B. Brooks, Hamish Laing, Gareth H. Davies, Michael Williams, Leighton Phillips and Yogesh K. Dwivedi
The UK Government-funded National Health Service (NHS) is experiencing significant pressures because of the complexity of challenges to, and demands of, health-care provision…
Abstract
Purpose
The UK Government-funded National Health Service (NHS) is experiencing significant pressures because of the complexity of challenges to, and demands of, health-care provision. This situation has driven government policy level support for transformational change initiatives, such as value-based health care (VBHC), through closer alignment and collaboration across the health-care system-life science sector nexus. The purpose of this paper is to evaluate the necessary antecedents to collaboration in VBHC through a critical exploration of the existing literature, with a view to establishing the foundations for further development of policy, practice and theory in this field.
Design/methodology/approach
A literature review was conducted via searches on Scopus and Google Scholar between 2009 and 2019 for peer-reviewed articles containing keywords and phrases “Value-based healthcare industry” and “healthcare industry collaboration”. Refinement of the results led to the identification of “guiding conditions” (GCs) for collaboration in VBHC.
Findings
Five literature-derived GCs were identified as necessary for the successful implementation of initiatives such as VBHC through system-sector collaboration. These are: a multi-disciplinarity; use of appropriate technological infrastructure; capturing meaningful metrics; understanding the total cycle-of-care; and financial flexibility. This paper outlines research opportunities to empirically test the relevance of the five GCs with regard to improving system-sector collaboration on VBHC.
Originality/value
This paper has developed a practical and constructive framework that has the potential to inform both policy and further theoretical development on collaboration in VBHC.
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