Asia Capital Group Ltd is delighted to highlight the impactful publication authored by two of our esteemed members, Dr. Lerong Lu and Ms. Ci Ren, titled “Chinese Takeover Law: Revisiting the Director’s Duty of Care Under Takeover Defense and the Business Judgment Rule”.

Originally published in 2021 in the International Company and Commercial Law Review (Volume 32, Pages 603–625), this article offers a comprehensive analysis of Chinese takeover law. It focuses on the director’s duty of care during takeover defences, examining the complexities directors face in securing the best outcomes for their companies and shareholders while navigating inherent conflicts of interest.

The authors critically evaluate the limitations of Chinese takeover law, comparing it to the U.S. business judgment rule. Their work explores the feasibility of integrating this U.S.-style rule into China’s legal system, considering the country’s unique market conditions and legal environment.

This scholarly contribution underscores Asia Capital Group Ltd’s commitment to fostering research and thought leadership at the nexus of law, business, and finance. We are proud of the exceptional work of Dr. Lerong Lu and Ms. Ci Ren, which continues to inspire discussions on corporate governance and legal reform.

For those interested in exploring this publication further, the full article is available in the International Company and Commercial Law Review (2021).