Schon lange steht fest, dass auf Deutschland und Europa gewaltige Ausgaben zukommen. Die geopolitischen, ökonomischen und sicherheitspolitischen Anforderungen zwingen hierzu. Staaten müssen ihre Investitionen spürbar erhöhen und deren Finanzierung sichern. Dies wird nicht nur Auswirkungen...

EU Merger Control, which was introduced as recently as 1990, has since become an important element of the regulatory framework for international mergers and acquisitions. It is currently under going its most profound reform, central to which is the “more economic approach”. This article...

When a company’s business is not limited to satisfying only the local needs in the Member State, it is necessary to create a statute which is able to plan and carry out the reorganization of its business on a larger level. The completion and the improvement of the internal market throughout...

This article provides an overview of freedom of establishment and developments in the European market for corporate charters twenty years after the ECJ's important Centros decision of March 1999. Both for initial incorporations and reincorporations, ECJ case law has emerged as a key driver in...

Das Gesetz zur Fortentwicklung des Sanierungs- und Insolvenzrechts und dem dort eingebundenen Unternehmensstabilisierungs- und -restrukturierungsgesetz revolutioniert den Gesundungsprozess für Firmen und den relevanten Stakeholdern. Dies bleibt nicht ohne Auswirkungen auf die Gläubiger wie...

Das Europäische Wirtschaftsrecht und die nationalen Wirtschaftsrechte haben während der Wirtschafts- und Währungskrise in den Mitgliedstaaten der Europäischen Währungsunion eine Bewährungsprobe durchlaufen. Diese haben sie teilweise nur unter erheblichen ad hoc -Anpassungen und um den...

The Common European Sales Law (CESL) is the Commission's most recent policy initiative for European contract law. It aims to address the problem that differences between the national contract laws of the Member States may constitute an obstacle for the European Internal Market. This paper...

Google has been in the wars for the past year or so. Its status as a new kind of beneficent company has increasingly been questioned, and it has faced more and more criticism in Europe and elsewhere. Critics have been active on two principal fronts – privacy and market power. As the months...

In this article, we analyze regulatory competition in company law in the European Union (EU). By examining the empirical evidence, we conclude that regulatory competition, which is triggered by legal arbitrage and the competitive pressure exerted by national lawmakers, has run out of steam in...

We empirically investigate the determinants of self-reporting under the European corporate leniency program. Applying a data set consisting of 442 firm groups that participated in 76 cartels decided by the European Commission between 2000 and 2011, we find that the probability of a firm becoming...

We empirically investigate the determinants of self-reporting under the European corporate leniency program. Applying a data set consisting of 442 firm groups that participated in 76 cartels decided by the European Commission between 2000 and 2011, we find that the probability of a firm becoming...

Competition law is very important in the union of European countries - this is because there is no better way to maintain healthy and homogeneous economic interests within the European common market if there is no laws or regulations in place to check the destructive monsters of monopoly or...

In several works over the last decade, Wolfgang Fikentscher has reminded us that there are ways of viewing competition law that need not begin and end with economics — its concepts, its language, and its science-based normative stance. Discussions of competition law in the United States and...

Since the entry into force of Council Regulation (EC) No 1/2003, national competition authorities (“NCAs”), commentators and stakeholders have suggested numerous modifications to improve European competition enforcement and fairness. The European Commission's (hereinafter the...

This paper examines cartel overcharges for the European market. Using a sample of 191 overcharge estimates and several parametric and semi-parametric estimation procedures, the impact of different cartel characteristics and the market environment on the magnitude of overcharges is analyzed. The...