課程大綱

課程資訊

課程名稱	比較證券交易法 Comparative Securities Regulation
開課學期	107-1
授課對象	法律學院法律研究所
授課教師	蔣翰
課號	LAW5399
課程識別碼	A21EM9240
班次
學分	1.0
全/半年	半年
必/選修	選修
上課時間	第13,14 週星期二10,A,B(17:30~20:10)星期三10,A,B(17:30~20:10)星期四10,A,B(17:30~20:10)
上課地點	法研7法研7法研7
備註	本課程以英語授課。密集課程。限法律學院學生(含輔系、雙修生) 總人數上限：20人
Ceiba 課程網頁	http://ceiba.ntu.edu.tw/1071LAW5399
課程簡介影片
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課程概述	Dates: Every Tuesday, Wednesday, and Thursday from 12/4-12/13 (Total 6 days/ exam on the last day) Class periods:10+A+B Tsai Lecture Hall 7th Floor Room 1709 This course is designed to provide an overview of securities regulation, corporate governance and mergers and acquisitions. Topics to be covered generally include: the use of alternative business entities and the nature of shares; the "going public" process; corporate governance of listed companies and trusts; insider trading and securities frauds; globalisation and technology, securitisation; and the regulation of takeover activity. Students will be expected to use the Internet to search for comparative materials but will also be provided with soft copies of assigned readings.
課程目標	The objective is to give students an overview of the capital markets in jurisdictions like the US, China, UK, Australia, Singapore, Taiwan and Hong Kong. While the detailed rules that may be examined will be that of Singapore, comparisons will be drawn with similar rules in other jurisdictions.
課程要求
預期每週課後學習時數
Office Hours
指定閱讀	General Regulation B Black “The Legal and Institutional Preconditions for Strong Stock Markets” (2001) 48 UCLA Law Rev 781. http://papers.ssrn.com/paper.taf?abstract_id=182169 S Deakin, P Sarkar and MM Siems, "Is There a Relationship Between Shareholder Protection and Stock Market Development?"European Corporate Governance Institute (ECGI) - Law Working Paper No. 377/2017: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3078529 John Armour et al, Principles of Financial Regulation (Oxford, 2016) Ch 5. Shares and Bonds R Grantham “The Doctrinal Basis of the Rights of Company Shareholders” (1998) 57 CLJ 554 Tjio, “The Unchanging Debenture” (2014] 73 CLJ 303 “Alternative Business Vehicles” and “Corporate Finance” in Tjio, Koh and Lee, Corporate Law (2015) (Academy Publishing) Chps 3 and 12 Business Trusts R Sitkoff, “Trust as “Uncorporation”: A Research Agenda” (2005) University of Illinois Law Review 31 Norman P Ho, “A Tale of Two Cities: Business Trust Listings and Capital Markets in Singapore and Hong Kong (2012). Journal of International Business and Law, Vol. 11, 2012. Available at SSRN: http://ssrn.com/abstract=2112821 Lucina Ho, “The Reception of Trust in Asia: Emerging Asian Principles of Trust?” [2004] Sing JLS 287 and Ying-Chieh Wu, "East Asian Trusts at the Crossroads" Securitisation and Globalisation S Schwarcz, “Enron and the use and abuse of special purpose entities in corporate structures” (2002) 70 University of Cincinnati Law Review 1309 http://papers.ssrn.com/sol3/papers.cfm?abstract_id=306820 Polglase “Globalisation and Implications for Cross-Border Regulation” in McCrudden ed, Regulation and Deregulation (1999) Primary and Secondary Markets Disclosure and Regulation Tjio, “Bond Finance” in Neo, Tjio and Lan eds, Handbook on Financial Law and Regulation in Singapore (forthcoming 2018) Zetzsche, Dirk A and Buckley, Ross P and Arner, Douglas W and Föhr, Linus, “The ICO Gold Rush: It's a Scam, It's a Bubble, It's a Super Challenge for Regulators” (January 9, 2018). University of Luxembourg Law Working Paper No. 11/2017; Available at SSRN: https://ssrn.com/abstract=3072298 “Insider Trading and Other Securities Frauds” in Tjio, Wan and Yee Principles and Practice of Securities Regulation in Singapore (2nd ed, 2017) Chp 8 Takeovers H Hu & B Black, “Hedge Funds, Insiders, and the Decoupling of Economic and Voting Ownership: Empty Voting and Hidden (Morphable) Ownership” Journal of Corporate Finance, vol. 13, pp. 343-367, 2007 Kay Review of UK Equity Markets and Long-Term Decision Making, which Final Report was published in July 2012 Tjio “The Proper Purpose Rule” [2016] LMCLQ 176 Stout, Lynn A., Takeovers in the Ivory Tower: How Academics are Learning Martin Lipton May Be Right (September 2005). UCLA School of Law, Law-Econ Research Paper No. 05-21. Available at SSRN: https://ssrn.com/abstract=803836 or http://dx.doi.org/10.2139/ssrn.803836
參考書目	REFERENCE MATERIALS Reference can be made to Austin and Ramsay, Ford’s Principles of Corporations Law (Lexis Nexis Butterworths, 15th ed 2013).
評量方式 (僅供參考)

課程進度

週次	日期	單元主題
第1週		reading materials available on SSRN
第2週		reading material