This article examines the general law in relation to a minor applying for shares in his own right or a trustee or guardian making an application for the minor?s benefit. It then queries the decision of both the Hong Kong Exchanges and Clearing Ltd and issuers to require a minor to apply for shares in initial public offers in Hong Kong through a nominee, particularly in the light of their failure to distinguish a nominee from a trustee (or a guardian) as a matter of law.
Business Law Review