Delisting - Parallele zum Übernahmerecht

This thesis aims to make an important contribution to the debate on the problem of delisting, which has been one of the most controversial topics in the field of capital markets law for more than two decades.
The work pays special attention to the development of the current delisting provisions. It focuses on the content of the takeover bid document required under German law and on investors’ legal protection. It analyses whether, in the context of delisting, a comprehensive takeover offer document, which is mandatory in takeover bids, is necessary to protect investors’ interests. It also focuses on investor-related court procedures according to the Capital Markets Model Case Act (KapMuG) and the need for adjustment in this regard. In the respect of downlisting, this work evaluates various empirical studies. It is also characterised by its practical point of view and elaboration of parallels to Germany’s takeover law.