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EU Law and the Harmonization of Takeovers in the Internal Market

EU Law and the Harmonization of Takeovers in the Internal Market (EPUB ebook)

By Papadopoulos, Thomas Gr.

Analysing the Takeover Bid Directive in light of EU Law, this important monograph examines the extent to which the Directive facilitates the exercise of the fundamental freedom of establishment and the free movement of capital in the internal market. The analysis begins with a di...scussion of the fundamental freedom of establishment of companies, as well as of the legal bases for the harmonization of company law and capital markets law at the EU level. Additionally, the significance of corporate mobility and of the freedom of establishment case law of the European Court of Justice for the takeover process is analysed. The author shows that, far from achieving market integration in the field of EU company law, the Takeover Bid Directive is a compromise resulting from the very different legal and policy approaches of the Member States in the field of takeover regulation. Although some provisions of the Directive are obligatory for all Member States, two key provisions have been made optional: the non-frustration rule, which requires a board of directors to obtain the prior authorization of a general meeting of shareholders before taking any action that could result in the frustration of the bid; and the breakthrough rule, which restricts significant transfer and voting rights during the time allowed for acceptance of the bid.
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ISBN 9789041137401
Published 27 Aug 2010
Publisher Kluwer Law International
Available in EPUB format
Software Read in Browser or Adobe Ebook Compatible Device
Language en
Series European Monographs

Full details for this title

ISBN-13 9789041137401
Stock Available
Status Wheelers ePlatform
Publisher Kluwer Law International
Imprint Kluwer Law International
Released 27 Aug 2010
Publication Country THE NETHERLANDS
Format EPUB ebook
Author(s) By Papadopoulos, Thomas Gr.
Series European Monographs
Category Law
International Law
EU company law
Company Law
Number of Pages 280
Dimensions Not specified
Dewey Code 346.406626
Weight Not specified - defaults to 0g
Interest Age General Audience
Reading Age General Audience