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 …