This paper explores the relationship between disclosure in securities markets and the firm's need for confidentiality. Transparency plays a crucial role for both investor protection and the proper functioning of the stock market. Confidentiality protects the value of information which has been...

This is a draft chapter for a forthcoming volume, The Oxford Handbook on Financial Regulation, edited by Eilís Ferran, Niamh Moloney, and Jennifer Payne, (Oxford University Press). It provides an overview of the role of mandatory disclosure in financial markets. Focusing mainly on issuer...

This is a draft chapter for a forthcoming volume, “Cross Border Mergers Directive: EU Perspectives and National Perspectives”, edited by Thomas Papadopoulos (Springer). The chapter first describes how cross-border mergers are regulated in Italy, detailing the national rules implementing the...

This paper seeks to offer a novel explanation of what affects control contestability in Continental Europe's listed firms, highlighting the powerful anti-takeover role played by supermajority in companies controlled by minority blockholders. The paper shows how the requirement of a supermajority...

This paper examines the regulation of outsider trading in EU and the US, highlighting the differences between the two legal systems and investigating the main implications of the different regulatory choices made in the two jurisdictions. Outsider trading can be defined as the sale or purchase...

Green bonds are bonds issued by public or private institutions to finance projects with a positive impact on the environment. This article focuses on green bonds issued by private, profit-oriented corporations. After a description of green bonds’ main features and an account of the main...