Discusses the growing reliance of Member States on protectionist measures to safeguard their national economies, analyzing the causes and effects of the new protectionism. Cutting edge research by top academics relates company law to current economic debate and development. Comparative aspects...

In this paper we use clinical studies to document how dominant shareholders have circumvented mandatory bid rules to appropriate wealth from minority shareholders. Dominant shareholders are numerous in continental Europe. Creative compliance with mandatory bid rules reveals the failure of boards...

Policymakers have blamed the credit rating agencies for the recent financial crisis – but they could be wrong. India can aid in understanding whether the agencies can still be relied upon as private “gatekeepers” in financial markets, or whether public institutions must take primary...

In this paper we study the political and economic determinants of US states' choices of homestead exemptions. We develop a political economy model in which homestead exemptions are ex-post beneficial to borrowers who default (because they shield some of their wealth from creditors) but ex-ante...

In the summer of 1990, the Court of Appeals for the District of Columbia issued Business Roundtable v. SEC,3 invalidating SEC Rule 19c-4 as outside of the Agency's rulemaking authority.4 Business Roundtable was notable when handed down because the decision took place during a pro-regulatory...

In this paper we use clinical studies to document how dominant shareholders have circumvented mandatory bid rules to appropriate wealth from minority shareholders. Dominant shareholders are numerous in continental Europe. Creative compliance with mandatory bid rules reveals the failure of boards...

Two industries primarily fuel the Scottish economy: finance and oil. The pro-independence and the pro-unity camps disagree about what the fate of each market would be in an independent Scotland. On balance, however, it seems that a decision to secede would have a complicated and undesirable...