englischClose-out netting is a key risk management technique for financial market players whose privileged status under insolvency law, the markets for over-the-counter derivatives and securities financing transactions would not be possible in their current form.
Over time, the European legislator [...]
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englischEuropean takeover law is an ongoing controversy. Today, there are fundamental reasons to discuss a reform of the Takeover Directive adopted in 2004. These include new legal facts (shareholder composition, increasing importance of passive funds, activist shareholders and proxy advisors, [...]
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englischRaising the question of Ad hoc disclosure according to Art. 17 MAR and Related Party Transactions according to the German Act Implementing the SRD 2017 (ARUG II), the thesis combines two regulatory regimes that minimize unjustified (information) advantages to the detriment of third parties. [...]
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englischDue to the implementation of the 4th EU Money Laundering Directive, numerous companies and legal arrangements have to report their beneficial owners to the German transparency register. In this context, the book analyses the concept of beneficial ownership against the background of [...]
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englischAntitrust leniency programmes expect applicants to not disclose the fact of cooperating with the authorities. This may cause problems for companies if, as issuers on the capital market, they are obliged to publish insider information as soon as possible (Art. 17 MAR). Ultimately offering a [...]
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