This course will introduce you to Hong Kong company law, with primary focus on the company limited by shares. Since a company is a vehicle created by law to serve certain needs, you will learn the reasons why companies have taken their current form of organization, how this organization operates, and the problems that this organization entails, including: the extent to which shareholders may control a company while delegating power to the board of directors, the “agency problems” created by delegating power to the board, the problems that arise for company creditors because shareholders can cause distributions of the company’s assets to themselves, and the risk of majority shareholders abusing the rights of minority shareholders. We will study the organizational and governance rules that apply to private, public and – to a certain extent – listed companies