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Disclosure laws are enacted to protect individuals when they become active on financial markets. In the case of a public securities offering, US regulation requires filing of a Form S-1 with the...

Disclosure laws are enacted to protect individuals when they become active on financial markets. In the case of a public securities offering, US regulation requires filing of a Form S-1 with the...

Hedge funds have traditionally been structured to deliberately sidestep legislative strictures, disclosure and other compliance requirements imposed on institutions raising funds for their activities...

Legislatures and regulators in many countries are required to assess ex ante the potential consequences of proposed laws and regulations through various forms of regulatory analysis (hereinafter ‘RA...

It is commonly stated that the UK’s departure from the EU will immediately cause a legislative and administrative task on an immense scale, as the UK picks and chooses which EU-sourced rules it will...

This post comes to us from NautaDutilh. It has been co-authored by the following Partners at NautaDutilh: Margaretha Wilkenhuysen, Romain Sabatier, and Yoanna Stefanova. On 13 July 2016, the...

A bankruptcy system is believed necessary to solve a coordination problem among the creditors of a distressed firm. The firm may be economically distressed – it cannot make a go of it in the market...

From the late 1990s through 2008, the United States experienced the largest boom-and- bust cycle in its securities and housing markets since the “Roaring Twenties” and the Great Depression. Scholars...

This post comes to us from Squire Patton Boggs. It has been authored by Helen F. Kavanagh. This post was also published here. The English Court has recently considered who can be recognised as ‘...

ProMarket interviews Eric Ben-Artzi, the former Deutsche Bank risk officer turned whistleblower who rejected an $8.25 million award from the SEC. This post was originally published on promarket.org...

In a recent article I examine whether ‘cultural factors’ substantively influence the creation and evolution of property institutions. For the past several decades, few legal scholars have answered...

In this paper, we document a slowdown of entrepreneurial activity following the adoption of fraudulent transfer laws in the United States. Fraudulent transfers are viewed legally in two ways: actual...

Institutional investors have become the majority owners of most large corporations and are expected to play a key role in financial development by providing funding for firms, enhancing market...

An existential (but problematic) question in company law relates to the very purpose for which companies are incorporated and managed. Are companies to be run solely for the purpose of maximizing the...

Conflicts of interest (‘COI’) are all the rage in the regulatory efforts to curb and structure unwanted financial advisory services. And while all professions engaged in giving advice for a fee are...

This post was originally published on promarket.org – the blog of the Stigler Center at the University of Chicago Booth School of Business. What deters corporate misbehavior? Two of the most frequent...

A document leaked in April 2016 revealed that at least 5 EU-member States (Austria, Finland, France, Germany and the Netherlands) are proposing to replace their existing bi-lateral investment...

Our paper ‘Financial Advice Seeking, Financial Knowledge and Overconfidence: Evidence from the Italian Market’ investigates the relationship between the propensity to seek for professional advice,...

This post comes to us from Clare Hughes, Jo Owens, Chris Busby, and Geraint Thomas, all lawyers at Eversheds. The House of Commons Treasury Committee has published letters of response from the FCA...