Prospectus for the Public Offering of Securities in Europe Volume 1

Author:
Publisher: Cambridge University Press
ISBN: 1139470590
Format: PDF
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The Prospectus Directive of 4 November 2003 sets the rules on the publication of a prospectus in the event that securities are offered to the public or admitted to trading on a stock exchange in the European Union. These rules apply in all 30 member states of the European Economic Area. Since member states decide to a large extent how to implement the Directive in their law, the rules in the different member states will differ substantially. It is therefore important not only to have an understanding of the rules laid down in the Directive but also to obtain knowledge of the rules applicable in the different states. As an English book it provides an understanding for non-Europeans of the rules applicable on the publication of a prospectus. A comprehensive table of contents, text of the European Directive and a list of national implementing laws are also included.

A Practical Guide to Private Equity Transactions

Author: Geoff Yates
Publisher: Cambridge University Press
ISBN: 1139484192
Format: PDF, ePub
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This overview of a complex and often misunderstood subject takes the reader through the issues that are faced throughout the life cycle of a private equity investment, from the identification of an opportunity, through the various stages of the transaction and the lifetime of the investment, to the eventual exit by the investor. The analysis of key documentation and legal issues covers company law, employment law, pensions, taxation, debt funding and competition law, taking into account recent legal developments such as the Companies Act 2006, the recent emergence of private equity in the UK and the challenges faced by the industry as a result of the financial crisis.

Cross Border Mergers in Europe

Author: Dirk Van Gerven
Publisher: Cambridge University Press
ISBN: 1139484524
Format: PDF, Docs
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This discussion of the Cross-Border Merger Directive and its implementing legislation in each Member State of the European Union and the European Economic Area provides companies and their advisors with useful insight into the legal framework applicable to, and the tax treatment of, cross-border mergers throughout the European Economic Area. Analysis of the Community rules laid down in the Cross-Border Merger Directive and the Community rules on the tax treatment of cross-border mergers is complemented by chapters on the implementing legislation in each Member State, prepared in accordance with a common format and contributed by a practitioner from each state. Annexes contain the Cross-Border Merger Directive (Annex I), the Parent-Subsidiary Directive (Annex II) and a list of the implementing legislation in each Member State (Annex III).

Good Governance for Pension Schemes

Author: Paul Thornton
Publisher: Cambridge University Press
ISBN: 1139500333
Format: PDF, Kindle
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Regulatory and market developments have transformed the way in which UK private sector pension schemes operate. This has increased demands on trustees and advisors and the trusteeship governance model must evolve in order to remain fit for purpose. This volume brings together leading practitioners to provide an overview of what today constitutes good governance for pension schemes, from both a legal and a practical perspective. It provides the reader with an appreciation of the distinctive characteristics of UK occupational pension schemes, how they sit within the capital markets and their social and fiduciary responsibilities. Providing a holistic analysis of pension risk, both from the trustee and the corporate perspective, the essays cover the crucial role of the employer covenant, financing and investment risk, developments in longevity risk hedging and insurance de-risking, and best practice scheme administration.

Settlement of Investment Disputes under the Energy Charter Treaty

Author: Thomas Roe
Publisher: Cambridge University Press
ISBN: 1139497057
Format: PDF, Docs
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The Energy Charter Treaty has come of age, with almost 50 States parties and a small but growing body of arbitral case law. In this new study of the Treaty's investment protection provisions, Thomas Roe and Matthew Happold set out to identify and explain the Treaty's principal provisions and to suggest answers to some of the difficult problems thrown up by its drafting. They discuss in detail questions such as the standards of protection granted by the Treaty and the international responsibility of States for breaches of the Treaty, the various procedures available for the vindication of rights under the Treaty and the conditions to be satisfied before a claimant's complaint may be considered on the merits. Specific issues addressed include the impact of EU law on claims under the Treaty and the Treaty's provisions concerning taxation.

European Securities Law

Author: Raj Panasar
Publisher: Oxford University Press, USA
ISBN:
Format: PDF, Mobi
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'European Securities Law' is a guide to the law and regulations which govern the European securities market. It discusses practical application of the key EU directives within the context of corporate transactions, as well as the legal issues which arise as a result of the differences in implementation between member states.

Financial Integration in Europe

Author: Harald A. Benink
Publisher: Springer Science & Business Media
ISBN: 9401118388
Format: PDF, ePub, Mobi
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One of the key issues relating to the perfonnance of national economies is the efficiency of the financial system which stands at the heart of the capital-allocation process. There are two aspects which define efficiency. Static efficiency involves the ali-in difference between rates of return provided to ultimate savers and the cost of funds to users. This 'gap', or spread, reflects the direct costs of production (operating and administrative costs, cost of capital, etc.). It also reflects losses incurred in the financial process, as well as any monopoly profits earned and liquidity premiums. Financial processes that are considered 'statically inefficient' are usually characterised by high 'spreads' due to high overhead costs, high losses, barriers to entry, and the like. Dynamic efficiency is characterised by high rates of financial product and process innovation through time. Successful product and process innovation broadens the menu of financial products available to ultimate issuers, ultimate savers, or other agents along the various financial process channels described above. Probably the most powerful catalyst affecting the competitive dynamics of the financial services industry has been technological change.

The Area of Freedom Security and Justice Ten Years on

Author: Elspeth Guild
Publisher: Ctr for European Policy Studies
ISBN: 9789461380340
Format: PDF, ePub
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This book brings together the views of key practitioners and policymakers who have played a prominent role in shaping an Area of Freedom, Security and Justice (AFSJ) in the European Union. Ten years ago, the member states transferred competences to the European Union for law and policymaking in the fields of immigration, asylum, and border controls and are now beginning the same process for criminal justice and policing. This decade of European cooperation on AFSJ policies has experienced dynamic convergence, the enactment of a large body of European law, and the setup of numerous EU agencies working in these domains. The dilemmas that lie ahead relate to an effective institutional framework under the Treaty of Lisbon, stronger judicial scrutiny through a greater role for national courts and the Court of Justice in Luxembourg, better mechanisms for evaluating and monitoring the implementation of EU AFSJ law, and a more solid fundamental rights strategy.

Electronic Signatures in Law

Author: Stephen Mason
Publisher: Cambridge University Press
ISBN: 1107012295
Format: PDF, Mobi
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Using case law from multiple jurisdictions, Stephen Mason examines the nature and legal bearing of electronic signatures.