Sunday 25th January 2015

Dear Reader,

Time to look at one of our dysfunctional constituencies...

NEW ARTICLE
The architect and surveyor cartels
Webb-site finds written evidence of price-fixing and other anti-competitive practices at the HK Institute of Architects, HK Institute of Landscape Architects and HK Institute of Surveyors. But they do have 1 legislator and 30 seats in the CE's Election Committee, so when will C Y Leung activate the Competition Ordinance? (25-Jan-2015)

RECENTLY ON WEBB-SITE
Yes Pope Frank, we can mock faiths
Pope Francis says its OK to punch someone who insults his mother, and we cannot make fun of faith. No, it's not. No insult justifies an assault, whether it's an insult against you, your mother or Muhammad, and whether it is a punch, a massacre or a state-sponsored flogging. Laws against blasphemy, insult and mockery have no place in an open society and incentivise intolerance of free speech. (17-Jan-2015)

Occupy school suspension order was invalid
We have investigated the Government's actions during the "Occupy" protests and find that it lacked the legal powers to order district-wide class suspensions, and was therefore acting outside the rule of law. (13-Jan-2015)

IN OTHER NEWS
HKICPA bans Francis Lam Chi Ming and Lee Ho Yee for 2 years, reprimands KL CPA Ltd. Webb-site Total Return
HKICPA, 22-Jan-2015
This concerns the 31-Mar-2010 audit of Code Agriculture (8153), which has so far been the only HK-listed audit client of the firm. We warned investors about that company on 25-May-2010. The stock has returned -82.19% since then. Mr Lam is also the company secretary of China Aluminium Cans (6898).

Concentration warning in Echo (8218)
SFC, 22-Jan-2015

HKSAR v Shirlina Tsang Pui Yu: costs
HK Court of Appeal, 22-Jan-2015
Shirlina Tsang, who defrauded RBS by cooking her trading books, gets half her appeal costs having succeeded on one of two grounds of appeal to reduce her sentence from 50 months to 46 months.

Listing Committee censures/criticises Richly Field (0313) and former directors
SEHK, 21-Jan-2015

And much more besides...
Remember that, apart from our occasional artisan articles, you can follow Webb-site Reports via RSS, Twitter or Facebook.

Pass it on!
This free newsletter goes to over 21,000 subscribers. If you enjoy the site, then please invite a friend to find out what they are missing and subscribe!

Copyright notice
This e-mail and small extracts of any article on the site may be freely quoted in any other publication but ONLY if attribution is given to Webb-site.com.