Prof. Robin Hui HUANG has published an article, titled “The (re)introduction of dual-class share structures in Hong Kong: a historical and comparative analysis”, in the Journal of Corporate Law Studies (2020), Issue 1. From a law and economics perspective, this article critically examines the dual-class share structure for listed companies recently introduced in Hong Kong, also known as weighted voting rights (WVR), under which a special class of shareholders’ voting rights are conferred disproportionately with respect to their equity interest. This article argues that the WVR regime is generally a positive development for Hong Kong to maintain and consolidate its role as a global financial centre, but there are still some significant regulatory issues that need to be addressed in the years to come.

Read the full article at Taylor & Francis Online or SSRN.