Oxford Business Law Blog

Most public bids in the UK market are implemented by scheme of arrangement. When it becomes effective, a scheme of arrangement results in the transfer of all of the shares of the target to the bidder...

Mergers, squeeze-outs, and other corporate restructurings serve to transfer control or to save costs by streamlining the corporate structure. They also offer an opportunity for controllers to...

Many corporate law scholars watched in amazement as merger litigation exploded over the past fifteen years. In 2005, only 37 percent of mergers involving US public companies with a transaction size...

A vast literature studies the role of institutions, such as regulation, for economic outcomes. An implicit assumption in many theoretical and empirical studies in the field is that the law is...

The topic of common ownership has received substantial attention from both academics and policymakers in recent years. Broadly defined, common ownership exists when investors hold partial and...

In our recent research paper, we argue that venture capital-friendly corporate law should feature flexible fair value protections. Venture capital is critical to innovation and, thus, economic growth...

Covering unwelcome uncertainties of the future, yet inherently uncertain and ambiguous by themselves, material adverse change/effect (‘MAC’) clauses have evolved into important risk-allocation...

The LSE Systemic Risk Centre will be hosting an online public event via Zoom. The conference is organised by Eva Micheler (LSE Law, SRC), Jon Danielsson (LSE Finance, SRC) and JP Zigrand (LSE Finance...

Beyond the extraordinary human toll it continues to exact, the coronavirus has thrown a pall of uncertainty over hundreds of corporate transactions that were signed and waiting to close at the...

COVID-19 has upended life and the corporate world almost without exception. Pervasive business closures, credit defaults, and contract breaches have caused enormous personal anxiety and challenges...

Advanced machine learning (ML) techniques, such as deep neural networks or random forests, are often said to be powerful, but opaque. However, a burgeoning field of computer science is committed to...

In a move affirming its aggressive enforcement agenda, the UK Competition and Markets Authority (CMA) yesterday blocked the proposed merger of two US companies, Sabre Corporation and Farelogix Inc,...

On 14 February 2019, the European Parliament agreed to set up an EU-wide foreign direct investment (FDI) screening mechanism on grounds of security or public order to protect, inter alia ‘critical...

The mandatory takeover bid has been widely explored by the legal scholarship, which has assessed the rationales of the mandatory bid rule (MBR) as well as its impact on the securities market...

How has cross-border corporate mobility in the European Union (‘EU’) and European Economic Area (‘EEA’) been doing over the last twenty years? What degree of integration exists via cross-border...

This blog post reviews the implementation of the Cross-border Mergers Directive (the ‘CBMD’)[1] and contemplates on future perspectives. It is based on a chapter published recently in an edited book...

The ‘traditional’ IPO model has received a lot of criticism recently in the media and from venture capital investors for perceived ‘mispricings’ that result in a pop in the opening trade. Recently,...

The typical structure of corporations with multiple classes of stock consists of multiple classes of preferred stock and one or more types of common stock. These structures are most commonly used in...