Blog

Economic-based legal research normally assumes that market or allocative efficiency is about the maximization of total value. In a recent working paper, we argue that consumer and shareholder value...

The recent developments in European financial regulation might represent either an opportunity or an obstacle for microfinance institutions (MFIs), ie providers of small loans with frequent...

In syndicated loan contracts, a borrower’s failure to comply with a covenant restriction triggers a default, and as such the lender’s right to terminate the loan (or foreclose on assets which are...

According to the Companies Act 2006, the directors of a company (except a small company: s 414A (2) CA 2006) must prepare a strategic report for each financial year of the company (s 414A (1) CA 2006...

Corporate planners and practitioners know well that it takes quite a long time to close a long-form merger, with the shareholder approval requirement accounting for the bulk of the delay in almost...

In a corporate governance landscape characterized by the growing importance of institutional shareholder engagement, board-shareholder dialogue is becoming an increasingly common practice both in the...

Last week, the Bank of England updated its public disclosure about how it would use its resolution powers to ensure that systemically important banks can be allowed to fail without destabilizing the...

In my most recent paper, ‘Bond workouts, distressed equity offerings and State interventionism - Analysis of the Consequences of the Inefficiency of French Law Concerning the Restructuring of Large...

Earlier this week, the Economic Sciences Prize Committee announced that Professor Richard Thaler, a professor of behavioral sciences at Booth School of Business at the University of Chicago, is the...

France has embarked on a major competition to benefit from Brexit and the weakening of London's financial center. President Emmanuel Macron, as well as Prime Minister Edouard Philippe and Economy...

The UK’s decision to leave the Union has not prompted any other Member State to consider doing so. There is no significant demand amongst Member States for a large-scale reversal of the project of...

In a paper forthcoming in the European Business Organization Law Review, I conduct an economic analysis of the buy-out remedy for oppressed minority shareholders in joint stock companies under...

For the past several years Cleary Gottlieb Steen & Hamilton LLP has published legal and practical information regarding German public M&A transactions. For the new edition of this compilation...

China’s private equity industry is expanding at an unprecedented pace and has now become the world’s second largest and Asia’s largest private equity market in terms of fundraising amount. As of 2016...

In a recent survey of the literature on the political economy of finance (available here), we argue that understanding the evolution and functioning of financial systems cannot be fully appreciated...

My article on Product Governance as a case study on the regulation of intra-firm processes claims that contract law principles are being used by transnational financial regulation – such as that...

The Department of Law of the University of Cyprus is hosting an international conference on company law, which will be held on Saturday 7 October 2017. The title of the conference is ‘Cross-border...