Company Law and Economic Protectionism: New Challenges to European Integration
Ulf Bernitz, Wolf-Georg Ringe
OUP Oxford, Dec 23, 2010 - Law - 358 pages
The financial crisis has brought about a revival of state protectionism across the globe. Most Western leaders have made a virtue of big government and state intervention; bail-outs and Sovereign Wealth Funds have been among the first responses to the economic contraction. Company law rules are one of the instruments frequently used to restrict or to discourage integration or to deter foreign investment. Examples for the new protectionism can be seen in a wide range of legislative and regulatory measures, for instance state measures preventing foreign takeovers, 'golden shares' or laws on foreign direct investment targeting Sovereign Wealth Funds, mainly from Asia. This book presents timely research by a number of company law and EU law experts into this field of law. The chapters cover a broad range of topics, spanning from takeovers/mergers over the one share-one vote debate through to the foreclosure of markets against Sovereign Wealth Funds.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
abnormal returns acquirer acquisition adopted apply Article 49 Article 63 TFEU bidder blockholder Cadbury Schweppes CEMs cent CFIUS Commission’s Companies Act company’s competition Corporate Governance corporate law Council Directive countries Court ofJustice cross-border decision defensive measures directors EC Article economic effect EMCA EU law European Commission European Company European company law European Parliament European Union example financial crisis firms foreign investment free movement freedom of establishment Germany global golden shares Group harmonization Ibid interests internal market investors issues last accessed legislation mandatory BNR Member movement of capital multiple voting rights ofArticle ofthe option ownership Oxford pany powers principle proportionality proposal protection protectionism protectionist provisions re-incorporate reciprocity exception regime regulatory relevant restrictions risk shareholders Sovereign Wealth Funds structure SWFs Takeover Bids Takeover Directive target third-country tion trade Treaty Volkswagen