Edit that to read: I read recently (OK it was *only* Motley Fool...

Edit that to read:

I read recently (OK it was *only* Motley Fool and I haven't verified it), that IPH had obtained WOFE (Wholly Owned Foreign Enterprise) 'clearance' to operate in China. And there are several differences between the law firm (partnership) structure and IPH which is a holding company - corporation - (of a Chinese law firm in the case of Ella Cheong). Apples and pears my friend.

I know the report. Read XIP's excellent (IMO) submission.
https://www.ttipattorney.gov.au/sites/g/files/net2711/f/15 XIP Submission to TTIPAB.pdf
There are substantial economic and public policy grounds that support their submissions. My bet is that the Board will implement guidelines that strike a regulatory balance without stifling competition. The market is ripe for it, provided it can be done the right way. I don't think it will affect IPH or XIP though as their governance appears in very good order already and they will have anticipated this in deciding to go down the path they did.

I think the short sellers just get the better of this stick every now and then. Checkout Shortman IPH - the volumes have been massive in the last week. The price goes up when they leave it alone.

I would love love love to see shortsellers get caught out next week. Bring on a Flight Centre scenario!