Unlike the US, the European Union has a tradition of national securities laws significantly differ-ing from each other. Regulatory idiosyncrasies largely remain today despite recent efforts aiming at more comprehensive harmonization. In addition, in important respects, the current conflict of...

Policymakers around the world, including in Europe, increasingly display a tendency to embed risk management into law, for example by mandating risk governance best practices or by requiring firms to have risk management functions in place. Most recently, the European Commission issued a...

Policymakers around the globe have sought to stimulate Venture Capital (VC) investments, and an extensive literature has inquired into the institutional determinants of a vibrant VC market, including corporate law. We contribute to that literature by exploring the significance of corporate law...

A vast literature has examined the contractual technology that venture capital (VC) funds and entrepreneurs deploy in the U.S. to define an agency cost-minimising structure of their relationship, leading many to conclude that U.S. VC contracts are the best real-world solution to the challenges...

The last comprehensive review of European Company Law and the EU Action Plan aimed at"Modernising Company Law and Enhancing Corporate Governance in the European Union" datesback to 2002 and 2003 respectively. It is therefore appropriate at the start of the second decade ofthe 21st century to...

This Report, the work of the "Reflection Group on the Future of EU Company Law" set up by the European Commission in December 2010, addresses current problems and trends in EU company law and makes recommendations for legislative initiatives to be undertaken at the EU level. The Report, after...

The members of the former Reflection Group on the Future of EU Company Law, which published its report in April 2011, decided to publish their views on the “Action Plan on European Company Law and Corporate Governance” of the European Commission of 12 December 2012 as well as subsequent and...

The European framework for creditor protection has undergone a remarkable transformation in recent years. While the ECJ's Centros case and its progeny have introduced free choice with respect to the State of incorporation, and hence the substantive company law regime, the European Insolvency...