Letter by Professor Marc Moore on HSBCâs Covid-19 response published in Financial Times
7 April 2020
The letter discusses a legal issue related to the coronavirus outbreak concerning HSBCâs investors.
Professor Marc Moore, Chair in Corporate/Financial Law at MyAV·¶ Laws, has written a piece published in the Letters section of todayâs Financial Times.
The letter, ââ (ÂŁ), focuses on HSBCâs recent decision to suspend its dividend, following pressure from the Bank of England. Professor Moore argues that it would be an âerror of judgementâ for HSBCâs Hong Kong retail investors to pursue legal action against the bank or its directors over the dividend cut.
Professor Moore states that: âHSBCâs dividend suspension is a rational commercial response to unprecedented circumstancesâ, 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 (ÂŁ).
±őłŸČčČ”±đ:ÌęÌęČúČâÌęÌęis licensed underÌęÌę