Overview

In Capital Markets and Company Law, the contributors attempt to investigate the relationship between company law, securities markets and securities regulation, or 'Capital Market Law'. This is an interdisciplinary project, involving scholars and practitioners of law and economics, policy makers, and corporate finance and management specialists from both sides of the Atlantic. It illustrates the increasing competitive pressure under which regulatory systems are developing, driven by market forces and regulatory competition. As markets are increasingly moulding the framework, the question arises to what extent a global regulatory system is being developed. European company law harmonization will increasingly have to take account of these market forces. These essays by prominent EU and US specialists in their fields offer an up-to-date and detailed analysis of a range of complex issues. Subjects include Corporate Governance and Shareholder Value, The Institutional Investor, He Corporate Governance Recommendations, and Harmonisation of company law. This volume is the natural sucessor to the 1999 'Comparative Corporate Governance'. By the same editors, and featuring many of the same contributers, Capital Markets and Company Law Markets takes the subject to the next level.

Full Product Details

Author:   Klaus J Hopt (Director, Director, Max Planck Institute) ,  Eddy Wymeersch (Professor of Commercial law, Professor of Commercial law, University of Ghent, Belgium)
Publisher:   Oxford University Press
Imprint:   Oxford University Press
Dimensions:   Width: 16.40cm , Height: 4.70cm , Length: 24.20cm
Weight:   1.263kg
ISBN:  

9780199255580

ISBN 10:   019925558
Pages:   814
Publication Date:   13 February 2003
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
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Table of Contents

1. Facts and Figures 1.1: Christoph Van Der Elst: The Equity Markets, Ownership Structures and Control: Towards an International Harmonisation? 1.2: Stefan Prigge: Recent Developments in the Market for Markets for Financial Instruments 1.3: Marco Becht: European Disclosure for the New Millennium 2. Legal Capital 2.1: Friedrich Kubler: The Rules of Capital Under Pressure of the Securities Markets 2.2: Eilis Ferran: Legal Capital Rules and Modern Securities Markets - The Case for Reform, as Illustrated by the UK Equity Markets 2.3: Marcel Kahan: Legal Capital Rules and the Structure of Corporate Law: Some Observations on the Differences Between European and US Approaches 3. Disclosure and Accounting 3.1: Karel van Hulle: Financial Disclosure and Accounting 3.2: Werner F. Ebke: The Impact of Transparency Regulation on Company Law 3.3: Peter Nobel: Audit Within the Framework of Corporate Governance 4. Corporate Governance and Shareholder Value 4.1: Guido Ferrarini: Shareholder Value and the Modernisation of European Corporate Law 4.2: Paul Davies: Shareholder Value, Company Law and Securities Markets Law: A British View 4.3: Klaus J. Hopt: Corporate Governance in Germany 4.4: Laurent Faugerolas: Impact of the Takeovers and Their Regulation on French Company Law and Practice 4.5: Christian Kirchner: Shareholder Value: A New Standard for Company Conduct 4.6: Michael Blair: Shareholder Value: A New Standard for Company Conduct 5. The Institutional Investor 5.1: Wolfgang Gerke, Matthias Bank. and Max Steiger: The Changing Role of Institutional Investors - A German Perspective 5.2: Jaap W. Winter: Cross-Border Voting in Europe 5.3: Jose M. Garrido and Angel Rojo: Institutional Investors and Corporate Governance: Solution or Problem? 5.4: Jose M. Garrido: Optimism and Pessimism: Complementary Views on the Institutional Investors' Role in Corporate Governance 6. The Corporate Governance Recommendations 6.1: Jonathan Rickford: Do Good Governance Recommendations Change the Rules for the Board of Directors 6.2: Guido Rossi: Do Good Governance Recommendations Change the Rules for the Board of Directors? 6.3: Ben Pettet: Do Good Governance Recommendations Change the Rules for the Board of Directors 6.4: Lutgart Van Den Berghe: Do Good Governance Recommendations Change the Rules for the Board of Directors 7. Conflicts of Interests 7.1: Heinz-Dieter Assmann: The Impact of Insider Trading Rules on Company Law 7.2: Yakov Amihud, Kenneth Garbade, and Marcel Kahan: An Institutional Innovation to Reduce the Agency Costs of Public Corporate Bonds: Changing the Role of the Trustee 7.3: Zohar Goshen: The Impact of Insider Trading Rules on Company Law 8. Groups of Companies 8.1: Eddy Wymeersch: Do We Need a Law on Groups of Companies? 8.2: Peter Hommelhoff: Impact of the Financial Markets on Issues of Group Law? 8.3: Simon Johnson, Rafael La porta, Florencio Lopez de Silanes, and Andrei Shleifer: Tunnelling 8.4: Marcus Lutter: the Impact of Financial Markets on Issues of Group Law 9. Harmonisation of Company law 9.1: Christiaan Timmermans: Harmonisation in the Future of Company Law in Europe 9.2: Uriel Procaccia and Uzi Segal: Thou Shalt Not Sow Thy Vineyard with Divers Seeds? The Case Against the Harmonisation of Private Law 10. Convergence of Divergence 10.1: John C. Coffee Jr.: The Rise of Dispersed Ownership: The Roles of Law and the State in the Separation of Ownership and Control

Reviews

timely and significant collection of essays by a distinguished group of international scholars ... Throughout the collection is infused with the symbiosis between company law and the capital markets. European Business Organization Law Review This thought-provoking, insightful, and timely collection gives the reader a uniquely diverse perspective on current research at the highest level. It is highly recommended and deserves a wide readership among company law and capital markets scholars. European Business Organization Law Review The contributions offer a good deal of knowledge and a collection of insights into selected pieces of the cake. Law Quarterly Review ... this publication is to be welcomed for its propitious timing. It affords us the opportunity to reflect on recent developments in the United Kingdom against a broader international context. Law Quarterly Review

Author Information

Klaus Hopt is the Director of the Max Planck Institute for Foreign Private and Private International Law in Hamburg, Germany . He has been a Professor in Tuebingen, Florence, Bern, Munich, and a visiting Professor in the University of Pennsylvania, EUI Florence, Paris I / Sorbonne, Kyoto University, Univeriste Libre de Bruxelles, Geneva, Tokyo University, University of Chicago, and New York University. He was a judge at the Court of Appeals of Stuttgart from 1981-1985, and a member of the International Faculty of Corporate and Capital Market Law. He has also been a member of the German Take-over Commission, the Deputation Deutscher Juristentag, the Group of high Level Experts on Company Law, and of the European Commission. He has been an expert for the German Parliament, for various German Ministries, for Bulgaria, and for the World Bank. Eddy Wymeersch is Professor of Commercial Law, University of Ghent, Belgium, where he teaches company law, securities regulation and banking law. He is a consultant to the EC Commission, the World Bank, and the IFC. He is a member of the corporate governance commission of the Brussels Stock Exchange, and Chairman of the Simpler Legislation for the Internal Market working party on the 1st and 2nd directive. He also acts as advisor to the Belgian Government, as a member of the Legislative Branch of the Council of State. He is a member of the Board of the National Bank of Belgium, and the Belgian Corporate Governance Commission. He was Chairman of the Board of Brussels International Airport Company, and adviser on governance issues to several listed Belgian Companies.

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