Research Catalog
A legal and economic assessment of European takeover regulation
- Title
- A legal and economic assessment of European takeover regulation / Christophe Clerc, Fabrice Demarigny, Diego Valiante, Mirzha de Manuel Aramendía.
- Author
- Clerc, Christophe
- Publication
- Paris, France : Marccus Partners, The Mazars Group : Pinsent Masons, [2012]
- Brussels, Belgium : Centre for European Policy Studies, [2012]
- ©2012
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| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
Available - Can be used on site. Please visit New York Public Library - Schwarzman Building to submit a request in person. | Text | Use in library | JBE 14-492 | Schwarzman Building - General Research Room 315 |
Details
- Additional Authors
- Description
- iii, 277 pages : illustrations, maps; 24 cm
- Subjects
- Consolidation and merger of corporations > Law and legislation > European Union countries
- Tender offers (Securities) > Law and legislation > European Union countries
- Corporate governance > European Union countries
- Consolidation and merger of corporations > Economic aspects > European Union countries
- Letting of contracts > European Union countries
- European Parliament Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids
- Note
- "This book is an abridged version of a comprehensive study carried out by the law firm Marccus Partners and the Centre for European Policy Studies for the European Commission and supplemented by additional policy recommendations."--page [4] of cover.
- "This publication is based on the study undertaken for the European Commission, The Takeover Bids Directive Assessment Report (2012), in connection with the review of the Takeover Bids Directive."--title page verso.
- Bibliography (note)
- Includes bibliographical references (pages 243-255).
- Contents
- Machine generated contents note: pt. I Legal Analysis and Survey -- 1.Introduction -- 1.1.History and adoption of the Directive -- 1.2.The study -- 1.3.The report from the Commission -- 1.4.Twelve key results -- 1.5.Eight key proposals -- 2.Status and quality of transposition -- 2.1.Status of transposition -- 2.2.General assessment of whether the objectives have been reached -- 3.Broader aspects and implications of takeover regulation -- 3.1.Some theoretical bases of corporate governance -- 3.2.Broader issues of corporate governance -- 4.National legal framework and operation of the Directive -- 4.1.Transpositions, loopholes and gold-plating -- 4.2.Developments not directly linked to transposition -- 4.3.General principles of the Directive -- 4.4.Exemptions to the Directive -- 4.5.Perception -- 5.Mandatory bid rule -- 5.1.The mandatory bid -- A takeover-hostile provision? -- 5.2.Transposition -- 5.3.Comparison with major non-EU jurisdictions -- 5.4.Perception -- 6.Takeover defences, control structures and barriers not covered by the Directive -- 6.1.Objectives and background -- 6.2.Transposition -- 6.3.Control structures and barriers not covered by the Directive -- 6.4.Comparison with major non-EU jurisdictions -- 6.5.Perception -- 7.Squeeze-out and sell-out rules -- 7.1.Objectives -- 7.2.Transposition -- 7.3.Comparison with major non-EU jurisdictions -- 7.4.Perception -- 8.Other issues -- 8.1.Disclosure of information -- 8.2.Supervisory authority, enforcement and litigation -- 9.Mapping the potential reforms -- 9.1.Major reforms -- 9.2.Technical reforms -- 10.Conclusions -- 10.1.The Directive is at the centre of broader corporate governance and economic debates -- 10.2.Assessing the Directive -- pt. II Economic Analysis -- 11.The economics of takeover regulation -- 11.1.Introduction -- 11.2.The takeover bid process -- 11.3.Rationales for takeover regulation -- 11.4.Designing takeover regulation -- 12.The economics of the Directive -- 12.1.The mandatory bid rule -- 12.2.The board neutrality rule -- 12.3.Taxonomy of defensive measures -- 12.4.The breakthrough rule -- 12.5.Squeeze-out and sell-out rules -- 12.6.Empirical analysis -- 12.7.Conclusions -- 13.Impact of the Directive on competitiveness -- 13.1.Defining competitiveness -- 13.2.Takeovers and competitiveness -- 13.3.The Directive and competitiveness -- 13.4.Empirical analysis -- 14.Impact of the Directive on employment and employees -- 14.1.Approach to labour market efficiency -- 14.2.Effects of takeovers on employment -- 14.3.Employment provisions in the Directive.
- Call Number
- JBE 14-492
- ISBN
- 9461382340
- 9789461382344
- OCLC
- 824733647
- Author
- Clerc, Christophe, author.
- Title
- A legal and economic assessment of European takeover regulation / Christophe Clerc, Fabrice Demarigny, Diego Valiante, Mirzha de Manuel Aramendía.
- Publisher
- Paris, France : Marccus Partners, The Mazars Group : Pinsent Masons, [2012]Brussels, Belgium : Centre for European Policy Studies, [2012]
- Copyright Date
- ©2012
- Type of Content
- text
- Type of Medium
- unmediated
- Type of Carrier
- volume
- Bibliography
- Includes bibliographical references (pages 243-255).
- Added Author
- Demarigny, Fabrice, author.Valiante, Diego, author.Manuel Aramendía, Mirzha de, author.Marccus Partners (Firm), issuing body.Pinsent Masons (Firm), issuing body.Centre for European Policy Studies (Brussels, Belgium), issuing body.
- Research Call Number
- JBE 14-492