The reform of the Transparency Directive is presently on the political agenda, with one of the key questions focussing on the level of harmonisation: Should the current minimum harmonisation be retained or is a move towards full harmonisation advisable? After confirming legal competence for the...

The European Commission has recently released a Proposal for a Regulation on market abuse, to increase investor confidence and market integrity in European capital markets law. One of its most innovative elements involves allowing Member States to provide financial incentives to whistleblowers...

From a law-and-economics perspective the primary goal of (legal) remedies is to enhance social welfare by minimising social costs. Remedies help to achieve cost internalisation since they provide means by which third parties who are negatively affected by the respective action are entitled to...

“Contract Theory and Economics of Contract Law” is a chapter of the book “Economic Methods for Lawyers”, which is edited by Emanuel V. Towfigh and Niels Petersen. This book provides an essential introduction to the economic tools, which can usefully be employed in legal reasoning. It is...

In its Action Plan "Modernising Company Law and Enhancing Corporate Governance in the European Union - A Plan to Move Forward" of 2003, the European Commission proposed a mandatory disclosure of institutional investors' voting behaviour with regard to their portfolio companies as a medium-term...