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Reforming Australian insider trading laws : a new model of corporate criminal liability "” Part II

  • The University of Sydney

Research output: Contribution to journalArticlepeer-review

Abstract

This is the second part of a two-part article focused on corporate criminal liability for insider trading. Part I set out the nature of the insider trading offence, discussed principles concerning the criminal liability of corporations, and identified the many difficulties and inconsistencies which exist when seeking to apply elements of the insider trading offence to corporations. This article analyses the Chinese wall defence to insider trading and identifies problems in its application to corporations. It concludes with a proposal for a new model of corporate criminal liability for insider trading, aimed at addressing the various problems identified in both Parts I and II of this article, based on the need for legislative certainty and the market integrity rationale which underpins Australia's insider trading laws.
Original languageEnglish
Pages (from-to)99-110
Number of pages12
JournalAustralian Journal of Corporate Law
Volume33
Issue number1
Publication statusPublished - Jan 2018
Externally publishedYes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 16 - Peace, Justice and Strong Institutions
    SDG 16 Peace, Justice and Strong Institutions

Keywords

  • insider trading
  • corporations law
  • corporate criminal liability
  • law reform

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