Whether the European Union's Takeover Directive should have adopted a mandatory neutrality rule has been the subject of …-Directive assessment have failed to consider the core lesson of takeover defences in the United States, namely that the construction of … of takeover defences, or undermine the extent to which they can be potently deployed, then the adoption or rejection of …

This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … kind. Unfortunately, takeover rules cannot be crafted so as to hinder all the bad takeovers while at the same time … current EC legal framework for takeovers overall hinders takeover activity in the EU, the paper identifies three rationales …

overreactive in nature, stymie the market, and create new opportunities for regulatory arbitrage. This is not surprising: takeover …

The rethinking of European Takeover Law is a current challenge as well as an ongoing task. The economic and political … takeover law with its obvious socio-economic implications. Above all, the imminence of Brexit is currently set to trigger such … fundamental changes. The UK vote to leave the EU will not only lead to the detachment of Europe's most important takeover market …

This paper argues that in revising the Takeover Bid Directive, EU policymakers should adopt a neutral approach toward … both value-creating and value-decreasing and there is no way to tell ex ante which kind they are. Unfortunately, takeover … hinders takeover activity in the EU, the paper identifies three rationales for a takeover-neutral intervention of the EU in …

application of the U.S. tender offer law. In Germany the new Takeover Code will become effective at the beginning of the year 2002 … the conflict of laws rules. In the EU the 13th Directive concerning Takeover Bids break down this summer. This article … will compare the new rules and concepts of the German Takeover Code with the tender offer regulation in the U.S. Especially …