Der Rückzug kapitalmarktfähiger Unternehmen von der Börse

17 years after the first regulation of Voluntary Delisting in stock exchange law, the legislator adopted a new regulation. It was preceded by a development in jurisdiction in which the once provided maximum investor protection gradually eroded to a minimum. The book looks at this development and its consequences, focusing on the question of the need for investor protection and on legal conditions providing an adequate investor protection. Furthermore, the work identifies possible options for an adequate investor protection from applicable law before the new regulation of Delisting came into force at the end of 2015. In addition, the investor protection by current law is analysed and evaluated. The legal questions of Downlisting are also discussed.