The interface and coordination of securities regulation of tender offers, merger review proceedings set up by competition law and any other bodies of sectoral regulation potentially applicable to a given transaction is a key issue in governing modern markets. Indeed, Securities Regulation,...

Spanish Abstract: Análisis la regla de suspensión del derecho de voto de las acciones sobre el umbral que obliga a una sociedad cotizada a lanzar una Oferta Pública de Adquisición (OPA). Esta regla es el mecanismo de enlace y de coordinación de la legislación sobre el mercado de valores (y...

Spanish Abstract: El propósito de este artículo es dar cuenta de las principales aportaciones que el análisis económico del Derecho (AED) ha hecho en el estudio e investigación del Derecho de sociedades en España. Seguramente, el principal aporte ha consistido en enfatizar el carácter...

The paper describes the accounting profession role in the framework of corporate and securities regulation as a tool to "control" directors & managers in the interest of investors. It delves in the relevance of auditor's independence, analyzing the crucial issues and moments that may put that...

Issuance and transfer of securities in the international stock markets raise puzzling legal issues. Several legal topics and various national legal orders may be called upon. This book unravels the legal characteristics of the main instrument that foreign corporations have used from 1927 to...

The commented book offers a solid and convincing critique about the origins and evolution of competition policy in Latin America, which probably could be extended elsewhere. Some of the assumptions on which the competition authorities act are unsound and farfetched, this causes notable...

Block exemption regulations (BER) survived the modernisation of EC competition law. According to the European Commission and some commentators, BER have a major role to play in the system instituted by Regulation 1/2003. Others are more critical and consider that BER are hard to nest within the...

The enforcement of State aid prohibition in the current economic crisis provides a good example of threats faced by competition policy. At first sight one may think that state aid control by the EC Commission could become an easy 'victim' of the economic crisis due to the current multiplication...

The exemption of application of antitrust prohibitions when they are introduced in legislative rules is established in the new Defence Competition Act 15/2007, of July 3rd 2007, in similar terms to those contained of the prior Defence Competition Act 16/1989. The drafting of section 4 of Defence...

Spanish Abstract: Este trabajo analiza sistemáticamente las resoluciones dictadas en los últimos veinte años por la autoridad española de la competencia en aplicación de las prohibiciones de conductas anti-competitivas contenidas en la Ley de Defensa de la Competencia (LDC) y el Tratado de...