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Cross-Border Crowdfunding – Towards a Single Crowdfunding Market for Europe

Zetzsche, Dirk A. - 2017

Crowdfunding has experienced rapid growth in some EU Member States. However, home bias by investors and regulatory … barriers prevent the crowd and the project from moving freely across borders. Crowdfunding has, for the most part, remained a … phenomenon of those larger Member States that ‘draw a crowd', with a population large enough to make a crowdfunding website an …

Persistent link: https://www.econbiz.de/10012953602

Corporate Governance, Cross-Border Voting and the Securities Law Directive – Enhancing Investor Engagement through Standardization

Strenger, Christian - 2012

This paper analyzes recent developments with respect to institutional investors and cross-border voting. Based on a cross-country comparison of more than 20 countries we show that the recently enhanced regulation imposes an implicit duty to vote on institutional investors. This implicit duty...

Persistent link: https://www.econbiz.de/10013096630

The Alternative Investment Fund Managers Directive - Chapter 1 : Introduction, Overview, Regulatory History and Technique, Transition

Zetzsche, Dirk A. - 2013

The AIFMD provides a harmonized European framework for regulating alternative investment funds. Prior to discussing its details, this chapter introduces to the AIFMD, discussing the developments that led to its adoption (Part 1), the AIFMD's principal objectives (Part 2) and its key tools for...

Persistent link: https://www.econbiz.de/10013089416

The Risky Business of Regulating Risk Management in Listed Companies

Enriques, Luca - 2013

Policymakers around the world, including in Europe, increasingly display a tendency to embed risk management into law, for example by mandating risk governance best practices or by requiring firms to have risk management functions in place. Most recently, the European Commission issued a...

Persistent link: https://www.econbiz.de/10013074010

The Use and Abuse of Investor Suits : An Inquiry into the Dark Side of Shareholder Activism

Vermeulen, Erik P. M. - 2010

This paper builds on the wide-ranging policy discussion on shareholder activism in Europe. It seeks to define which shareholder actions are useful in reducing managerial agency costs and which could be interpreted as frivolous or abusive. We develop a typology, comprising of a number of Abuse...

Persistent link: https://www.econbiz.de/10013152360

Challenging Wolf Packs : Thoughts on Efficient Enforcement of Shareholder Transparency Rules

Zetzsche, Dirk A. - 2010

Abstract: The key issue concerning shareholder transparency rules, and the related rules on acting in concert (Europe), or the voting group concept (U.S.) is enforcement. Rather than thinking about appropriate enforcement measures, jurisdictions such as the UK and Switzerland decided in favor of...

Persistent link: https://www.econbiz.de/10013152361

Germany's Corporate and Financial Law 2007 : (Getting) Ready for Competition

Noack, Ulrich - 2007

The paper provides an overview of the status of corporate and financial law making in Germany in 2007 and examines the driving forces behind current reforms. It also considers amendments to tax and accounting law that are related to corporate and financial law. The authors provide brief comments...

Persistent link: https://www.econbiz.de/10012730079

Corporate Governance Reform in Germany : The Second Decade

Noack, Ulrich - 2007

Notwithstanding one decade of corporate law reform during which the German legislature augmented the traditional explicit system of corporate control with market-based corporate governance devices, the German corporate governance reform law agenda is still packed. The paper provides an overview...

Persistent link: https://www.econbiz.de/10012732178

Explicit and Implicit System of Corporate Control - a Convergence Theory of Shareholder Rights

Zetzsche, Dirk A. - 2005

Part B. of the paper compares the basic concepts of shareholder control in Anglo-America and some states of Continental Europe. It introduces a new categorization between Implicit and Explicit Systems of Corporate Control. The first category refers to statutes that are enacted and construed with...

Persistent link: https://www.econbiz.de/10012737245

Non-Collective Investment Funds Under BEPS Action 6 versus European Investment Fund Law

Zetzsche, Dirk A. - 2018

Looking at collective investment schemes from a financial law perspective seems to stand in harsh contrast to the OECD's perspective as expressed in the materials to BEPS Item 6. While financial lawyers emphasize the use of collective investment schemes – for manifold-financial relationships...

Persistent link: https://www.econbiz.de/10012912146