Financial / Commercial Topics

Introduction to Financial Derivatives for Lawyers

  • Basic derivative structures
  • Retail and Institutional products
  • Product types, securitised / OTC
  • Review of documentation for derivatives
  • How are disputes handled?

The Companies Ordinance (Cap. 622) and the execution of documents

  • Deeds v documents
  • Variations, amendment, alterations of deeds - post execution
  • The common seal - or no seal
  • Sections 127 and 128
  • Electronic Transactions Ordinance
  • Handling of equivalent sections in overseas courts 

The Companies Ordinance (Cap. 622) and the new-look director

  • A statutory duty of care, skill and diligence
  • What is required?
  • What remedies are available against directors?corporate social responsibility / social justice
  • From Donoghue v Stevenson onwards - the ‘golden threat of morality and social justice’
  • ‘Enlightened shareholder value’
  • The ‘responsible person’
  • Schedule 5 ‘business judgment’
  • Working without a common seal
  • Liability and indemnities

The Companies Ordinance (Cap. 622) and the end of Ultra Vires

  • Turquand’s case and ultra fires - free at last?
  • The memorandum has gone
  • Impact of section 117
  • How is ‘notice’ ‘wilfull blindness’ ‘irrationality’ handled?
  • What of equitable relief against the recipient who took with ‘knowing receipt’?

The Trustee Ordinance and trust remedies

  • Perpetual trusts - perpetual debentures
  • Trustee’s statutory duty
  • Delegation - remuneration
  • Exemption from liability
  • Usual remedies - tracing / account of profits / equitable compensation
  • The constructuve trustee
  • Knowing receipt and the ‘trustee'

The Modern Contract

  • The traditional contract
  • The Modern Contract - equity through estoppel
  • The Contract - without writing / without signing / execution
  • The last in line document
  • Formation by emails

Creating and Enforcing a Novel Financial Product

  • Identifying the interest under common law principles e.g. carbon sequestration / weather derivatives / royalties 
  • Classification - chose in action / chose in possession / hybrid
  • Drafting the documentation
  • Protection of the interest - registration / general principles of notice
  • Enforceability - common law / equity
© Sihombing Law Mentors 2014