This essay focuses on hostile business takeovers to illustrate the significance that cultural differences among nations can play in developing a harmonized European Union law. After 12 years of development, the EU Directive regulating hostile takeovers, to everyone’s surprise, was voted down...

Does the protection and enhancement of national economic interests in international trade conflict with antitrust goals of promoting competition? This question may seem peculiar since presumably both trade and antitrust policies seek to serve national interests. But, as Mr. Mendes, the author of...