This is the long-awaited second edition of this highly regarded comparative overview of corporate law. This edition has been comprehensively updated to reflect profound changes in corporate law. It now includes consideration of additional matters such as the highly topical issue of enforcement in corporate law, and explores the continued convergence of corporate law across jurisdictions.
The authors start from the premise that corporate (or company) law across jurisdictions addresses the same three basic agency problems: (1) the opportunism of managers vis-à-vis shareholders; (2) the opportunism of controlling shareholders vis-à-vis minority shareholders; and (3) the opportunism of shareholders as a class vis-à-vis other corporate constituencies, such as corporate creditors and employees. Every jurisdiction must address these problems in a variety of contexts, framed by the corporation's internal dynamics and its interactions with the product, labor, capital, and takeover markets. The authors' central claim, however, is that corporate (or company) forms are fundamentally similar and that, to a surprising degree, jurisdictions pick from among the same handful of legal strategies to address the three basic agency issues.
This book explains in detail how (and why) the principal European jurisdictions, Japan, and the United States sometimes select identical legal strategies to address a given corporate law problem, and sometimes make divergent choices. After an introductory discussion of agency issues and legal strategies, the book addresses the basic governance structure of the corporation, including the powers of the board of directors and the shareholders meeting. It proceeds to creditor protection measures, related-party transactions, and fundamental corporate actions such as mergers and charter amendments. Finally, it concludes with an examination of friendly acquisitions, hostile takeovers, and the regulation of the capital markets.
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Review from previous edition ...the most important corporate law book of the decade ... the future starts here... ( Yale Law Journal 09/09/2004)
It is the virtue of the book to provide a set of tools for the understanding of corporate governance. Given that it is both simple and comprehensive, the authors' 11-part typology will appeal at least as much to economists as to legal scholars. ( Dr Nils Kraus LLM, White and Case LLP, Hamburg, I.C.C.L.R)
Reinier Kraakman is the Ezra Ripley Thayer Professor of Law at Harvard Law School
John Armour is Lovells Professor of Law and Finance at the University of Oxford
Paul Davies is the Allen & Overy Professor of Corporate Law at the University of Oxford
Luca Enriques is Professor of Business Law at the University of Bologna, and a Commissioner of Consob
Henry Hansmann is Augustus E. Lines Professor of Law at the Yale Law School
Gérard Hertig is Professor of Law at the ETH (Swiss Federal Institute of Technology), Zurich
Klaus J. Hopt is Professor at the Max Planck Institute for Comparative and International Private Law, Hamburg
Hideki Kanda is Professor of Law at the University of Tokyo
Edward Rock is Saul A. Fox Distinguished Professor of Business Law, and Co-Director of the Institute for Law & Economics, University of Pennsylvania
Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.
Descrizione libro Oxford University Press, USA, 2009. Hardcover. Condizione libro: New. 2. Codice libro della libreria DADAX019956583X
Descrizione libro Oxford University Press, 2009. Hardcover. Condizione libro: New. book. Codice libro della libreria 019956583X
Descrizione libro Oxford University Press, 2009. Hardcover. Condizione libro: New. Codice libro della libreria P11019956583X
Descrizione libro Oxford University Press, USA, 2009. Hardcover. Condizione libro: New. Codice libro della libreria SONG019956583X