Kategoria BISAC: Law >> Securities

Europe has known very different systems of company laws for a long time. These differences do not only pertain to the board structures of public companies, where single-tier and two-tier structures can be distinguished, they also pertain to the principles of fixed legal capital. Fixed legal capital is not a traditional ingredient of English and Irish company law and had to be incorpo-rated into these legal systems (only) for public limited companies according to the Second European Company Law Directive of 1976. Both jurisdictions have never really embraced these rules. Against this...

Writings pertaining to European and international private, banking and commercial law]
Europeanization and internationalization challenge the realm of jurisprudence to an extraordinary degree. The division in special fields and the relationship with other social sciences necessitate critical reevaluation in view of many interactions. Cross-references between commercial law regulation and private, autonomous arrangement distinctly show this development. Jurisprudence emerging beyond Germany has to deal with such challenges. The law of financial services serves as an example of the...

The regulation of the capital market has been in crisis since the start of the new millennium. A series of cases of fraud and company insolvencies on a scale never before experienced in Europe and overseas has resulted in the loss of billions and shattered the trust of investors in the capital market. This work examines the legal structures of the primary market and analyses possible methods of the further development of the German Investor Protection Act based on the example of the underwriting bank or rather the underwriting syndicate, which consists of several banks.

The publication is dedicated to the late Michael Gruson, who passed away in December 2005. He was one of the worldwide leading lawyers in the field of international banking and capital market law.

Companies active on the market and considering contractual decisions are being confronted with a practice-based phenomenon of which the legal classification is still largely unclear: the change of control clauses. These are provisions in contractual agreements in which specific alteration rights, in most cases the right of termination, are granted to one contract party in the event of a change of control in the other party. This examination considers the question of whether the German legal system disposes of appropriate standards that offer contract parties the necessary legal security...

Banking Law Day 2009 in Frankfurt focused on the topics "Implementation of the Payment Services Directive under Civil Law" and "The Financial Market Crisis and the Implementation of the Consumer Credit Directive."
Under the direction of Walther Hadding and Mathias Habersack, participants from academia, daily practice and legislation contributed to discussions.

Ziel dieser Monographie ist die Ermittlung von Ma und Darstellung der Information uber hybride Finanzierungsinstrumente im Jahresabschluss gema HGB und IFRS. Sie soll damit einen Beitrag zur Information der Adressaten uber die Kapitalstruktur von Unternehmen leisten. Die Arbeit liegt an der Schnittstelle von Vertragsrecht, Gesellschaftsrecht, Insolvenz- und Bilanzrecht (Recht der Rechnungslegung); einbezogen wird auch das Bankaufsichtsrecht sowie die Methodik im Ratingverfahren. Hybride Finanzierungsinstrumente siedeln zwischen idealtypischem Eigen- und Fremdkapital, und so sind die...