This book offers different perspectives on China’s business and law. It aims to offer an introduction into both theoretical and practical aspects of China’s law on foreign related business affairs. This comprises economic and political background information, including China’s economic...

This book offers different perspectives on China?s business and law. It aims to offer an introduction into both theoretical and practical aspects of China?s law on foreign related business affairs. This comprises economic and political background information, including China?s economic evolution...

A cross border merger as the name suggests, refers to the combination of two or more companies belonging to or registered in two different countries. For a cross border merger two basic motives stand out; efficiency motive and strategic motive. Efficiency motive basically means want of the two...

The drafters of the World Trade Organisation’s law that permits a Member State to export conventional arms everywhere, did not envisage the dangerous free rein that the transnational defence corporation enjoys under the protection of the State. Although this corporation is subject to domestic...

Ever since the European Company (Societas Europaea - SE) was introduced in 2004 to complete the single European market and to facilitate freedom of establishment of companies, the number of established SEs has increased substantially. The SE Statute provides for cross-border mobility enabling...

We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...