A critical analysis of whether allowing directors to implement anti-takeover defences is beneficial for all corporate constituencies

A critical analysis of whether allowing directors to implement anti-takeover defences is beneficial for all corporate constituencies PDF Author: Thomas Böhm
Publisher: GRIN Verlag
ISBN: 3668962693
Category : Business & Economics
Languages : en
Pages : 31

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Book Description
Essay from the year 2018 in the subject Business economics - General, grade: A, University of Edinburgh (Edinburgh Law School), course: Corporation Law and Economics, language: English, abstract: This essay examines the question whether allowing directors to implement anti-takeover defences is beneficial for all corporate constituencies. Beginning with the classification of the topic in the law and economics context of the market for corporate control in Chapter 2, I will briefly outline in Chapter 3 the scenarios in which anti-takeover defences usually come into operation, namely hostile takeovers. Chapter 4 presents the most common anti-takeover defences and sets out the legal framework to what extent directors are permitted to adopt such defences in accordance with the applicable law. A distinction is made between UK and US law, with the latter focussing on Delaware law, where more than a half of all US publicly traded corporations are established. The Delaware Court of Chancery and Supreme Court have developed an extraordinary body of jurisprudence concerning corporate takeovers and anti-takeover defences. Chapter 5 points out potential impacts on the various constituencies of a company and deals with the fact why their interests have to be regarded in the takeover context. Finally, Chapter 6 critically evaluates anti-takeover defences from different stakeholder perspectives and concludes that these are not beneficial for all corporate constituencies, but for directors only.

A critical analysis of whether allowing directors to implement anti-takeover defences is beneficial for all corporate constituencies

A critical analysis of whether allowing directors to implement anti-takeover defences is beneficial for all corporate constituencies PDF Author: Thomas Böhm
Publisher: GRIN Verlag
ISBN: 3668962693
Category : Business & Economics
Languages : en
Pages : 31

Get Book

Book Description
Essay from the year 2018 in the subject Business economics - General, grade: A, University of Edinburgh (Edinburgh Law School), course: Corporation Law and Economics, language: English, abstract: This essay examines the question whether allowing directors to implement anti-takeover defences is beneficial for all corporate constituencies. Beginning with the classification of the topic in the law and economics context of the market for corporate control in Chapter 2, I will briefly outline in Chapter 3 the scenarios in which anti-takeover defences usually come into operation, namely hostile takeovers. Chapter 4 presents the most common anti-takeover defences and sets out the legal framework to what extent directors are permitted to adopt such defences in accordance with the applicable law. A distinction is made between UK and US law, with the latter focussing on Delaware law, where more than a half of all US publicly traded corporations are established. The Delaware Court of Chancery and Supreme Court have developed an extraordinary body of jurisprudence concerning corporate takeovers and anti-takeover defences. Chapter 5 points out potential impacts on the various constituencies of a company and deals with the fact why their interests have to be regarded in the takeover context. Finally, Chapter 6 critically evaluates anti-takeover defences from different stakeholder perspectives and concludes that these are not beneficial for all corporate constituencies, but for directors only.

Social Enterprise Law

Social Enterprise Law PDF Author: Dana Brakman Reiser
Publisher: Oxford University Press
ISBN: 019024979X
Category : Law
Languages : en
Pages : 208

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Book Description
Social enterprises represent a new kind of venture, dedicated to pursuing profits for owners and benefits for society. Social Enterprise Law provides tools that will allow them to raise the capital they need to flourish. Social Enterprise Law weaves innovation in contract and corporate governance into powerful protections against insiders sacrificing goals such as environmental sustainability in the pursuit of short-term profits. Creating a stable balance between financial returns and public benefits will allow social entrepreneurs to team up with impact investors that share their vision of a double bottom line. Brakman Reiser and Dean show how novel legal technologies can allow social enterprises to access capital markets, including unconventional sources such as crowdfunding. With its straightforward insights into complex areas of the law, the book shows how a social mission can even be shielded from the turbulence of an acquisition or bankruptcy. It also shows why, as the metrics available to measure the impact of social missions on individuals and communities become more sophisticated, such legal innovations will continue to become more robust. By providing a comprehensive survey of the U.S. laws and a bold vision for how legal institutions across the globe could be reformed, this book offers new insights and approaches to help social enterprises raise the capital they need to flourish. It offers a rich guide for students, entrepreneurs, investors, and practitioners.

An Overview of Takeover Defenses

An Overview of Takeover Defenses PDF Author: Richard S. Ruback
Publisher: Legare Street Press
ISBN: 9781019255377
Category : History
Languages : en
Pages : 0

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Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Comparative Company Law

Comparative Company Law PDF Author: Andreas Cahn
Publisher: Cambridge University Press
ISBN: 1107186358
Category : Law
Languages : en
Pages : 1095

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Book Description
Presents in-depth, comparative analyses of German, UK and US company laws illustrated by leading cases, with German cases in English translation.

The Poison Pill Anti-takeover Defense

The Poison Pill Anti-takeover Defense PDF Author: Andrew J. Senchack
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 82

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Book Description


Corporate Practice Series

Corporate Practice Series PDF Author:
Publisher:
ISBN:
Category : Corporation law
Languages : en
Pages : 214

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Takeover Defense

Takeover Defense PDF Author: Arthur Fleischer
Publisher: Aspen Publishers
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 850

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Corporate Anti-takeover Defenses, the Poison Pill Device

Corporate Anti-takeover Defenses, the Poison Pill Device PDF Author:
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 878

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Progressive Corporate Law

Progressive Corporate Law PDF Author: Lawrence E Mitchell
Publisher: Routledge
ISBN: 1000308316
Category : Law
Languages : en
Pages : 488

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Book Description
Reflecting recent re-examinations of the nature and purpose of the modern publicly held corporation, Progressive Corporate Law introduces the reader to alternative perspectives within the field. The contributors to this volume are loosely bound both by their rejection of the prevailing paradigm of the corporation as a public good designed exclusively for the maximization of private profit and by their affirmative goal of designing corporate laws that accord better with the corporation's political and social realities. The resulting series of visions emphasizes communitarian themes of efficiency and morality of responsibility, altruism, and unity within the corporate form as well as between the corporation and the broader society. Progressive Corporate Law is important reading for business executives, lawyers, policymakers, and others who are concerned with the role of corporations in modem life. Designed to act as a springboard for stimulating discussion, it will be a valuable supplement to courses and seminars in corporate law and business ethics.

The Genius of American Corporate Law

The Genius of American Corporate Law PDF Author: Roberta Romano
Publisher: American Enterprise Institute
ISBN: 9780844738369
Category : Business & Economics
Languages : en
Pages : 180

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Book Description
This is a study of the structure of American corporate law, which combines economic analysis with empirical insights to produce a number of policy insights. It is suitable for anyone studying corporate law, securities regulation, comparative company law or federalism.