This paper examines the role of legal investor protection for the efficiency of the market for
corporate control when bidders are financially constrained. In the model, stronger legal …

What is the purpose of a corporation? This fundamental question is as old as corporate law
itself, and traditionally it is asked with reference to the ultimate beneficiaries of a …

This paper investigates the phenomenon of lowballing within the context of the EU Takeover
Bid Directive (TBD), where offerors set bid prices typically below the current market price. It …

The Thirteenth Directive on Takeover Bids of 2006 has to be revised on the basis of
experience gained in the five years of its application. This revision includes an examination …

TC GALATASARAY ÜNİVERSİTESİ SOSYAL BİLİMLER ENSTİTÜSÜ SERMAYE PİYASASI
HUKUKUNDA PAY ALIM TEKLİFİ ZORUNLULUĞU Page 1 TC GALATASARAY ÜNİVERSİTESİ …

This paper explores the different ways in which market actors are'co-opted'as corporate law
regulators. It considers the preconditions for generating'endogenous self-regulation'through …

Page 1 EE Elgar Comparative Corporate Governance Edited by Afra Afsharipour. Martin
Gelter STACEREA al Bank UND MI 03143314 A UNITED NTNTES OF AMERICA …

With the non-frustration rule and the mandatory bid rule, the Takeover Bid Directive contains
two principles which have strongly influenced British takeover law for approximately 50 …

Optimal takeover regulation aims to promote efficient changes of corporate control while
curbing inefficient takeovers. Viewed from a comparative perspective, the Anglo-American …

There are different ways in which scholars comprehend secularism. According to some
scholars, secularism is the phenomenon in which religion is fully separated from the state …