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The PCCW Privatization: A Guide to the Applicable Law for Schemes of Arrangement
Allegations of share splitting in the proposed privatization of PCCW have raised an important question as to how the statutory majority to approve a scheme of arrangement should be determined. This question is significant both in the short-term for investors trading PCCW and in the long-term in the context of future schemes of arrangement. In this article, we examine the applicable laws and regulations with a view to providing hedge funds and other investors with guidance.
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Timothy Loh
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Gavin Cumming
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Henri Arslanian
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