Following the hostile bid for Société Générale in Belgium, companies have adopted 'poison' warrants as a means of deterring raiders. They appear to circumvent many important rules of Belgian takeover legislation. Cynthia Van Hulle and Koen Geens demonstrate that poison warrants would mainly...

"Introducing a revolutionary new quantitative approach to hybrid securities valuation and risk managementTo an equity trader they are shares. For the trader at the fixed income desk, they are bonds (after all, they pay coupons, so what's the problem?). They are hybrid securities. Neither equity...

Minority protection is an important, though difficult, issue in company law, and a subtle balance must be struck between the legitimate interests of the majority and minority shareholder(s). The rules on minority protection in the context of the Cross-border Mergers Directive, which was recently...