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Letter by Professor Marc Moore on HSBC鈥檚 Covid-19 response published in Financial Times

7 April 2020

The letter discusses a legal issue related to the coronavirus outbreak concerning HSBC鈥檚 investors.

Image of HSBC building

Professor Marc Moore, Chair in Corporate/Financial Law at 香港六合彩 Laws, has written a piece published in the Letters section of today鈥檚 Financial Times.

The letter, 鈥樷 (拢), focuses on HSBC鈥檚 recent decision to suspend its dividend, following pressure from the Bank of England. Professor Moore argues that it would be an 鈥渆rror of judgement鈥 for HSBC鈥檚 Hong Kong retail investors to pursue legal action against the bank or its directors over the dividend cut.

Professor Moore states that: 鈥淗SBC鈥檚 dividend suspension is a rational commercial response to unprecedented circumstances鈥, and that under these conditions, the shareholders do not have an enforceable legal right to receive regular dividends.

Read the letter in full on the (拢).

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