This outstanding compilation of papers addresses current, diverse issues in company law. Topics of discussion include governance of enterprises, rights and responsibilities of management, protection of investors, minority shareholder protection, company solvency, and the impact of technology on commercial practice. This important collection of quality work marks the occasion of the retirement of Len Sealy, a scholar, teacher, author, law reformer, and even drafter who has made a profound, globally-felt contribution to the realm of company law. The works brought together in this unique tribute come from leading company lawyers from around the world. Practitioners and academics in the field will want to add this momentous work of lasting import to their libraries.

No one doubts any longer that sustainable development is a normative imperative. Yet there is unmistakably a great reluctance to acknowledge any legal basis upon which companies are obliged to forgo 'shareholder value' when such a policy clearly dilutes responsibility for company action in the face of continuing environmental degradation. Here is a book that boldly says: 'Shareholder primacy' is wrong. Such a narrow, short-term focus, the author shows, works against the achievement of the overarching societal goals of European law itself. The core role of EU company and securities law is to promote economic development, notably through the facilitation of market integration, while its contributory role is to further sustainable development through facilitation of the integration of economic and social development and environmental protection. There is a clear legal basis in European law to overturn the poorly substantiated theory of a 'market for corporate control' as a theoretical and ideological basis when enacting company law. With rigorous and persuasive research and analysis, this book demonstrates that: European companies should have legal obligations beyond the maximization of profit for shareholders; human and environmental interests may and should be engaged with in the realm of company law; and company law has a crucial role in furthering sustainable development. As a test case, the author offers an in-depth analysis of the Takeover Directive, showing that it neither promotes economic development nor furthers the integration of the economic, social and environmental interests that the principle of sustainable development requires. This book goes to the very core of the ongoing debate on the function and future of European company law. Surprisingly, it does not make an argument in favour of changing EU law, but shows that we can take a great leap forward from where we are. For this powerful insight - and the innumerable recognitions that support it - this book is a timely and exciting new resource for lawyers and academics in 'both camps' those on the activist side of the issue, and those with company or official policymaking responsibilities.

The Core Text series takes the reader straight to the heart of the subject, providing a reliable and invaluable guide for students of law at all levels. Written by leading academics and renowned for their clarity, these concise texts explain the intellectual challenges of each area of the law. Company Law gives a clear and authoritative account of key principles, covering all of the essential concepts in a way that demystifies this complex area of law without oversimplification. The text also includes valuable coverage of corporate governance and theory, including the current debates surrounding these areas. Company Law provides the perfect balance between depth, concision, and accessibility. Digital formats and resources This edition is available for students and institutions to purchase in a variety of formats. The e-book offers a mobile experience and convenient access along with functionality tools, navigation features, and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooks

This is an ambitious, original, fascinating and eminently readable study of UK company law in its European and international context. As well as doctrinal company law (whether purely domestic or European), it touches on theory and other laws, especially insolvency, fiscal and private international law affecting the corporate form. It provides insights that will be of interest and use to academic company lawyers across the world and should be on the reading list for any postgraduate course on company law. John Birds, University of Manchester, UK In this book, David Milman explains the significant impact and effect of global trends on the regulation and implementation of UK corporate law, exposing both the historical and future advancement of the global convergence (and divergence) of corporate principles in jurisdictions across the world. The treatment of the subject area is unique, informative and a compelling read. The exposition of the subject matter is thought provoking. The book is comprehensively crafted, exhibiting the author s enviable ability to import detailed and complex issues into a most readable text. Stephen Griffin, University of Wolverhampton, UK In this timely book, David Milman considers how UK corporate law has been affected by the forces of globalisation, arguing that this is not a new development, but rather is part of an historical continuum. He examines corporate law regulatory strategy in general, treatment of foreign shareholders and multinational groups, aspects of private international law and issues connected with cross border insolvency. The substantive chapters cover a full range of issues, from the harmonisation of corporate law, and the common denominators in corporate law principles, to the regulation of overseas companies and foreign stakeholders and transnational cooperation. The book concludes with a consideration of the wider issue of convergence in corporate law and examines whether total convergence is a realistic possibility. National Corporate Law in a Globalised Market is set against the backdrop of the progressive implementation of the Companies Act 2006 and the turmoil of the current world financial crisis. With a scholarly review of current theoretical and policy issues in corporate law this book will be an invaluable resource tool for academics and advanced students as well as practitioners.

Since the financial crisis of 2007 to 2009 the role of the company in society, especially the role of publicly traded companies, has acquired a political salience that was largely absent in the decades before the crisis. This concern has been reflected in both enhanced reporting requirements and in the latest version of the Corporate Governance and Stewardship Codes applicable to the largest companies. This books analyses these developments in full, as well as the more fundamental proposals for reform of corporate law that have been advanced outside official circles. The book also examines the functions of the five core features of company law-separate legal personality, limited liability, centralized management, shareholder control, and transferability of shares. It finally analyses the legal strategies available for moderating the frictions that these core features nevertheless generate for those providing the necessary inputs for a company's business. Written by one of the field's foremost experts, Paul Davies' Introduction to Company Law provides a comprehensive conceptual introduction to the subject, giving readers a clear framework with which to navigate the intricacies of company law.

About the Book With the rapid change in statutory environment, Corporate Law has also been evolving at faster pace from past several decades. The complexities in the laws have also been rising, which poses constant challenge to practising professionals. There also exist a lot of issues which perhaps may not be addressed by legislation and delegated legislation, some of which are addressed by the judiciary. The present book is a Compendium of Key Issues under Corporate Laws covering a wide spectrum of subjects in Corporate Laws, in five Volumes. This book brings out issues in Corporate Law covering aspects that professionals face in practice. It also brings out a lot of aspects that readers should be aware of. Legislation and case laws from other jurisdictions have been analysed to provide insight into the issues. Key Features ? Topic-wise detailed analysis of various Corporate Law issues. ? Various issues organised under topic heads addressing the key issues concerning the topic. ? Detailed analysis of statutory provisions along with relevant judicial pronouncements and provisions of allied laws (wherever applicable) for each topic has been provided; e.g. SEBI Act and various Regulations issued by the SEBI. ? Analysis of certain landmark judicial pronouncements. ? Comparative position of various topics between Companies Act, 2013 and Companies Act, 1956. ? Certain new concepts of Companies Act, 2013 explained in detail. ? Rules of interpretation of statutes have been discussed wherever necessary.

Die europäischen Richtlinien zum Gesellschaftsrecht haben zum Ziel, die Wettbewerbsfähigkeit von Unternehmen innerhalb der EU vergleichbar auszugestalten, Aktionäre sowie andere Wettbewerbersteilnehmende effektiv zu schützen und den Binnen- und Außenhandel zu erleichtern und abzusichern. Der neue Kommentar bietet eine fundierte Expertenanalyse zu allen rechtlichen Fragen rund um das EU-Gesellschaftsrecht. Praxisnah dargestellt, untersuchen die Autorinnen und Autoren Artikel für Artikel die folgenden europäischen Richtlinien: Richtlinie über bestimmte Aspekte des Gesellschaftsrechts (2017/1132/EU), einschließlich - Publizität (frühere Publizitätsrichtlinie 2009/101/EG) - Zweigniederlassungen (frühere Zweigniederlassungsrichtlinie 89/666/EWG) - Kapitalschutz und Kapitaländerung (frühere Kapitalrichtlinie 2012/30/EU) - Verschmelzung national und grenzüberschreitend (frühere Fusionsrichtlinie 2011/35/EU und frühere Verschmelzungs-Richtlinie 2005/56/EG) - Spaltung national und grenzüberschreitend (frühere Spaltungsrichtlinie 82/891/EWG) - Formwechsel grenzüberschreitend Bilanzrichtlinie (2013/34/EU) und Abschlussprüferrichtlinie (2006/43/EG) Richtlinie über Einzelunternehmen mit beschränkter Haftung (2009/102/EG) Richtlinie über Übernahmeangebote (2004/25/EG) Aktionärsrechterichtlinie (2007/36/EG) Damit bietet der Kommentar für Gesellschaftsrechtler, Unternehmensjuristen, Anwaltskanzleien und alle grenzüberschreitend agierenden Unternehmen eine unentbehrliche Hilfe. Autorinnen und Autoren: Dr. Klaus Bader, NortonRoseFulbright, München | Dr. Martin Bialluch, Max-Planck Institut für ausländisches und internationales Privatrecht Hamburg | Dr. Andreas Börner, NortonRoseFulbright, München | Dr. Jan P. Brosius, LL.M. (King's College London), VOIGT WUNSCH HOLLER, Hamburg | Larissa Furtwengler, MJC Rechtsanwälte, Mannheim | David Günther, Leuphana Law School Lüneburg | Dr. Simon Jobst, Maître en droit, Universität München | Prof. Dr. Dr. h.c. Peter Kindler, Universität München | Karsten Kühnle, NortonRoseFulbright, Frankfurt | Dr. Michael Lamsa, Taylor Wessing, Frankfurt/Main | Prof. Dr. Dieter Leuering, Flick Gocke Schaumburg, Bonn | Prof. Dr. Jan Lieder, LL.M. (Harvard), Universität Freiburg | Dr. Silja Maul, MJC Rechtsamwälte, Mannheim | Prof. Dr. Hanno Merkt, LL.M. (Chicago), Universität Freiburg | Dr. Tobias De Raet, lindenpartners, Berlin | Prof. Dr. Alexander Schall, M.Jur. (Oxon), Leuphana Law School Lüneburg. Das Werk ist Teil der IEBL-Reihe: Kommentare zum Internationalen und Europäischen Wirtschaftsrecht: https://www.iebl.nomos.de

This book contains essays and country reports from across the globe in the area of international and comparative corporate law.

For the past two decades corporate governance reform in Europe has been guided by the ‘shareholder value’ model of the firm. That model has been discredited as one of the major causes of the financial and economic crisis. In a new book published by the ETUI an alternative approach to corporate governance is presented by members of the GOODCORP network of researchers and trade unionists. This new approach, entitled the Sustainable Company, draws on both traditional ‘stakeholder’ models of the firm and newer concerns with sustainability. The main elements of the Sustainable Company and the institutions needed to support it are presented. Key themes in the book are the need for worker ‘voice’ in corporate governance and for a binding legislative framework to promote sustainability. Individual chapters deal with the issues of worker involvement, employee shareholding, sustainability-oriented remuneration, international framework agreements, NGO-trade union relationships, reforming financial regulation and carbon taxes and emissions-trading schemes.

This new edition of Corporate Insolvency Law builds on the unique and influential analytical framework established in previous editions - which outlines the values to be served by insolvency law and the need for it to further corporate as well as broader social ends. Examining insolvency law in the fast-evolving commercial world, the third edition covers the host of new laws, policies and practices that have emerged in response to the fresh corporate and financial environments of the post-2008 crisis era. This third edition includes a new chapter on the growing issue of cross border insolvency and deals with a host of recent developments, notably; the consolidation of the rescue culture in the UK, the rise of the pre-packaged administration, and the substantial replacement of administrative receivership with administration. Suitable for advanced undergraduate and graduate students, professionals and academics, Corporate Insolvency Law offers an organised basis for rising to the challenges of an ever-shifting area of the law.