In July 2017, U.S. Congressional Democratic leadership released a policy plank entitled “Better Deal” in which they proposed a radical reinvention of antitrust law. As a partisan blueprint for a populist political agenda, the Better Deal may have some appeal, but most of its ideas are either ill-conceived or poorly structured. Bad Ideas #1: Big is Bad The “Better Deal” seems to emanate straight from Louis Brandeis’s pencil insofar as its organizing theme is that Big is Bad. W

Introduction The long-lasting debate of whether or not Hong Kong should allow new listing applicants to adopt weighted voting rights structures (“WVR Structures” or “Dual-Class Capital Structures,” allowing companies to issue classes of shares carrying disproportionate rights) got heated in 2013 when Alibaba Group (NYSE: BABA) announced it would pursue a listing in the United States instead of Hong Kong after the company failed to persuade Hong Kong authorities to allow its s