This book exposes a migration of business practices, players, and norms into philanthropy that strains the regulatory regime sustaining public trust in elite generosity through accountability and transparency and proposes legal reforms and private solutions to restore it. Practices, players, and norms native to the business sector have migrated into philanthropy, shattering longstanding barriers between commerce and charity. Philanthropies organized as limited liability companies, donor-advised funds sponsored by investment company giants, and strategic corporate philanthropy programs aligning charitable giving by multinationals with their business objectives paint a startling new picture of elite giving. In For-Profit Philanthropy, Dana Brakman Reiser and Steven A. Dean reveal that philanthropy law has long operated as strategic compromise, binding ordinary Americans and elites together in a common purpose. At its center stands the private foundation. The authors show how the foundation neatly combines donor autonomy with a regulatory framework to elevate the public's voice. This framework compels foundations to spend a small but meaningful portion of the assets their elite donors have pledged to the public each year. Prophylactic restrictions separate foundations from their funders' business and political interests. And foundations must disclose more about the sources and uses of their assets than any other business or charity. The philanthropic innovations increasingly espoused by America's most privileged individuals and powerful companies prioritize donor autonomy and privacy, casting aside the foundation and the tools it provides elites to demonstrate their good faith. By threatening to displace impactful charity with hollow virtue signaling, these actions also jeopardize the public's faith in the generosity of those at the top. Private ordering, targeted regulation, or a new strategic bargain could strike a modern balance, preserving the benefits of the compromise between the modest and the mighty. For-Profit Philanthropy offers a detailed roadmap to show how it can be accomplished.

Examines how litigation is conducted between commercial enterprises under the Civil Procedure Rules. The text provides practical guidance on conducting commercial litigation involving a foreign element and explores the increasingly popular use of ADR.

Durch das Wertpapiererwerbs- und UEbernahmegesetz (WpUEG) wurde zum 01.01.2002 erstmals in Deutschland eine verbindliche Regelung fur oeffentliche Angebote zum Erwerb von Wertpapieren eingefuhrt. Im Rahmen dieser Regelung nimmt die 30-prozentige Kontrollschwelle des 29 Abs. 2 WpUEG eine wichtige Stellung ein. In die Berechnung dieser Kontrollschwelle gehen neben Stimmrechten aus Aktien, die dem Bieter selbst gehoeren, in besonderen Fallen auch Stimmrechte aus Aktien ein, die von einem Dritten gehalten werden. Voraussetzung fur die Zurechnung dieser Stimmrechte ist, dass der Bieter die Moeglichkeit hat, auf die Stimmrechtausubung des Dritten Einfluss zu nehmen. 30 WpUEG beinhaltet sieben unterschiedliche Zurechnungstatbestande. Ziel dieser Arbeit ist es, die rechtlichen Voraussetzungen, Anwendungsprobleme und Auswirkungen der einzelnen Zurechnungstatbestande zu untersuchen.

EU services law is an emerging area of scholarship of great practical importance. This book is the first major contribution to the analysis and the development of the right to provide services. It is authoritative and represents different views on many of the pressing problems of the area.

This book seeks to examine the relationship between corporate law rules and economic performance. Contributors examine the design of the two main systems of corporate governance to ascertain which bundle of rules is likely to support the emergence of a strong system of governance. They seek to show that the performance of companies is linked to different patterns of shareholding, legal rules, and non-legal relationships.

The interpretation of legal texts is, essentially, a question of judgement. But that judgement cannot be exercised arbitrarily, it must be exercised in accordance with the rule of law. In Principles of Statutory Interpretation, Richard Calnan explains these rules using seven defined principles that should be considered when interpreting legislation. The first principle of 'object intention' concerns establishing how a reasonable person would interpret the legislation. The second confirms that the actual text or words of the statute are the source of that objective intention. Principle 3 reminds us that words used must be interpreted given their role in the statute as a whole, and the fourth principle examines how that context may be judged. The fifth and sixth highlight that words should, generally, be given their natural meaning in statute, and for those words that are ambiguous, the approach is to apply the meaning that the legislature is most likely to have intended. However, the seventh principle recognises that there are circumstances when words are given a meaning which differs from their natural meaning. These principles are not a series of self-contained precepts which can be applied independently of each other, rather they need to be understood together. Principles of Statutory Interpretation, provides the reader with examples which illustrate how the various principles of statutory interpretation, work in practice

This book examines the law of the European internal market. The book focuses in particular on the relationship between the free movement of goods and services, asking whether the same principles can be applied in both fields. It also seeks to tackle some basic questions of EC law, such as the division of power between the Union and the Member States on the one hand, and between the courts and legislatures on the other.

Mergers and acquisitions continue to grow rapidly in transaction numbers and volume worldwide, bringing about radical changes to the corporate landscape. The enactment of mergers and acquisitions, particularly in cross border transactions, involves complex economic, legal, technical, and social procedures, closely interlinked and embracing several sectors and disciplines. This comprehensive and interdisciplinary handbook addresses the issues involved in effecting mergers and acquisitions internationally. The authors' practice-oriented approach follows the normal course of the transactions through the planning phase, the execution phase and the post-merger integration/implementation phase, providing managers, investment bankers, legal advisors, accountants and academics with an in-depth understanding of the factors necessary for success and the means to understand and improve transaction management and create new economic values.

Die Treibstoffpreise sind nahezu taglich in den Medien vertreten. Sie sind als bedeutender Wirtschaftsfaktor ein standiges Thema der politischen Diskussion. Da die Mineraloelwirtschaft in fast allen Staaten Europas oligopolistisch gepragt ist, tritt eine deutliche Abschwachung des Wettbewerbs ein. Dies lenkt die Betrachtung auf die vertikalen Vertriebsbindungen der Branche. Die Arbeit behandelt die zivilrechtliche Einordnung von Tankstellenvertragen sowie deren kartellrechtliche Zulassigkeit. Dabei stellt sich heraus, dass der typische Tankstellenvertrag nur wenig Gemeinsamkeiten mit einem Handelsvertretervertrag hat. Vielmehr werden Risiken ubernommen, die einem Vertragshandler gleichen. Daher ist die bestehende Bestimmung der Treibstoffabgabepreise durch die Mineraloelfirmen problematisch.

The globalization of financial markets has attracted much academic and policymaking commentary in recent years, especially with the growing number of banking and financial crises and the current credit crisis that has threatened the stability of the global financial system. This major new Research Handbook sets out to address some of the fundamental issues in financial regulation from a comparative and international perspective and to identify some of the main research themes and approaches that combine economic, legal and institutional analysis of financial markets. Specially commissioned contributions represent diverse viewpoints on the financial regulation debate and cover a number of new and controversial topics not yet adequately addressed in the literature. Specifically, these include; financial innovation - particularly in the context of the credit risk transfer market, securitization and the systemic importance of the over-the-counter trading markets; the institutional structure of international financial regulation; and risk management and corporate governance of financial institutions. This Handbook will provide a unique and comprehensive resource for all those with an interest in this critical issue - including academic researchers in finance and regulation, practitioners working in the industry and those involved with regulation and policy. Contributors: K. Alexander, I. Alfon, I. Argimon, P. Bascunana-Ambros, T. Burns, A. Cornford, R. Dhumale, J. Eatwell, M. Fujii, I. Hasan, K.R. Ilmonen, E.J. Kane, M. Kawai, D. Masciandaro, D.G. Mayes, A. Nesvetailova, C. Papathanassiou, A. Persaud, D. Pesendorfer, G. Riccio, X. Roduner, C.A. Russo, A. Singh, M. Waisman

Das deutsche Internationale Sachenrecht wurde erstmals im Jahre 1999 kodifiziert. Im wesentlichen sollte die Kodifikation das geltende gewohnheits- und richterrechtliche Internationale Sachenrecht in das EGBGB ubernehmen. Es ist in den Anknupfungspunkten durch die Grundsatze von Rechtssicherheit und Rechtsklarheit gepragt und folgt insoweit dem deutschen materiellen Sachenrecht. Lediglich die Ausweichklausel in Art. 46 EGBGB fuhrt mit ihrer Anknupfung an den offenen Begriff der wesentlich engeren Verbindung zu einer Rechtsunsicherheit. Der Rechtsanwender steht oft vor der Frage, ob er eine Regelkollisionsnorm oder die Ausweichklausel anwenden soll. Der Autor unternimmt es, den Begriff der wesentlich engeren Verbindung zu konkretisieren und abschliessende Fallgruppen zu bilden. Auf diese Weise wird das Eingreifen des Art. 46 EGBGB vorhersehbar und die Rechtsunsicherheit gebannt.

Die Frage nach der Kontinuitat der Rechtsverhaltnisse beim Wechsel des Unternehmenstragers stellt das deutsche Handels- und Gesellschaftsrecht vor grosse Herausforderungen. Anknupfungspunkt hierfur ist die umstrittene ratio legis der 25 und 28 HGB. Die Diskussion zur sachgerechten Verteilung der Haftungsrisiken beim Unternehmenskauf verlauft hierzulande inzwischen in weitgehend ausgetretenen Pfaden, wobei der Grenzverlauf zwischen streng juristischer und rechtspolitischer Argumentation immer undeutlicher zu werden droht. Durch eine Beleuchtung der successor corporation liability im US-amerikanischen Recht lassen sich Impulse und Denkanstoesse fur die in Deutschland festgefahrene Diskussion finden. Die Darstellung des amerikanischen Rechts steht daher im Zentrum der Arbeit. Die hierbei gewonnenen Erkenntnisse sprechen gegen die Einfuhrung eines Konzepts der Haftungskontinuitat in Deutschland.

Models of Integrity examines the relationship between contemporary art and the law through the lens of integrity. In the 1960s, artists began to engage conspicuously with legal ideas, rituals, and documents. The law-a primary institution subject to intense moral and political scrutiny-was a widely recognized source of authority to audiences inside the art world and out. Artists frequently engaged with the law in ways that signaled a recuperation of the integrity that they believed had been compromised by the very institutions entrusted with establishing standards of just conduct. These artists sought to convey the social purpose of an artwork without overstating its political impact and without losing sight of how aesthetic decisions compel audiences to see their everyday world differently. Addressing the role that law plays in enabling artworks to function as social and political forces, this important book fills a gap in the field of law and the humanities, and will serve as a practical "how-to" for contemporary artists.

In the wake of a series of corporate governance disasters in the US and Europe which have gained almost mythic status - Enron, WorldCom, Tyco, Adelphia, HealthSouth, Parmalat - one question has not yet been addressed. A number of 'gatekeeping' professions - auditors, attorneys, securities analysts, credit-rating agencies - exist to guard against these governance failures. Yet clearly these watchdogs did not bark while corporations were looted and destroyed. But why not? To answer these questions, a more detailed investigation is necessary that moves beyond journalism and easy scapegoating, and examines the evolution, responsibilities, and standards of these professions. John Coffee, world-renowned Professor of Corporate Law, examines how these gatekeeping professions developed, to what degree they failed, and what reforms are feasible. Above all, this book examines the institutional changes and pressures that caused gatekeepers to underperform or neglect their responsibilities, and focuses on those feasible changes that can restore gatekeepers as the loyal agents of investors. This informed and readable view of the players on the contemporary business stage will be essential reading for investors, professionals, executives and business academics concerned with issues of good governance.

Blackstone's Landlord and Tenant Series breaks down the subject of landlord and tenant into the areas that come up most in practice. Each book in the series provides practical treatment of a particular subject. With their clear exposition of the law, they will be invaluable to landlord and tenant specialists. As business tenancies are traditionally short in length a considerable amount of commercial property work is concerned with their renewal under Part II of the Landlord and Tenant Act 1954. This book provides the practitioner with a detailed and practical guide to all aspects of the law on the statutory renewal of business tenancies and the often complex issues which can arise during the renewal process. It suggests realistic answers for practitioners when dealing with these issues. It will equip commercial property professional with thorough practical knowledge of the Landlord and Tenant Act 1927 and 1954, and related case law. Practical examples illustrate the text and the implications of the Civil Procedure Rules are considered where appropriate.

This book describes the key advantages and risks involved in the choice of law governing international business and financial transactions, plus the accompanying choice of courts. Beginning with an analysis of the role of law in social infrastructure, the work outlines the economic value and power of governing law. It concentrates predominantly on financial, corporate, commercial, and insolvency law across a vast comparative basis, discussing how legal risk can be reduced through careful choice of law and courts. In Governing Law Risks in International Business Transactions, Philip R. Wood proposes 70 key indicators to rank the England, New York, France, and German legal systems plus many other jurisdictions on 13 risk tests. These include contract predictability, business orientation, freedom of contract, insolvency regimes, corporate law, regulatory law, courts, litigation, and other factors. The book considers all 320 jurisdictions of the world and shows how to understand them by locating them in eight families of law, each with their own features. The book explains not only choice of law principles but sets out the factors to consider the commercial and legal implications of choosing one law over another in business contracts, and is an essential resource for all commercial lawyers.

Neben der unmittelbaren Beteiligung an als Personengesellschaften organisierten Publikumsgesellschaften besteht oft die Moeglichkeit, dass sich Anleger mittelbar als Treugeber uber einen Treuhandgesellschafter beteiligen. Dabei sollen die Anleger vertraglich wie Quasi-Gesellschafter gestellt werden. Der Autor untersucht in diesem Spannungsfeld die Haftung und die Auskunfts- und Informationsrechte der Treugeber. Besonderes Augenmerk legt er dabei auf die AEnderungen und Probleme, insbesondere bei der Einlagenruckgewahr, durch die Einfuhrung des Kapitalanlagegesetzbuches (KAGB). Abschliessend widmet sich der Autor der Vertragsgestaltung zur Loesung der aufgeworfenen Probleme mit konkreten Regelungsvorschlagen.

For many companies, brands are now their most valuable assets - yet there is insufficient knowledge within business in general of legal systems that exist to allow brand owners to protect these assets. Equally, few trademark lawyers fully understand the commercial significance of these legal systems for the success of brand-based businesses. Adopting an interdisciplinary approach, Trademarks divulges the legal enigma to the brand owner, and the business advantage of trademarking to the lawyer, whilst providing a unique insight into all aspects of trademarking for all those fascinated by this channel for success.

The carriage of goods by sea starts off with a contract of carriage, an essentially simple and straightforward contract between two parties, the shipper and the carrier. Very often, however, a bill of lading is issued and a third party appears on the scene: the holder of the bill of lading. The holder was not involved in the making of the contract of carriage, but does have rights, and possibly obligations, against the carrier at destination. The question then is how the third-party holder of the bill acquires those rights and obligations. Analysing the different theories that have been proposed to explain the position of the third party holder, this book makes a distinction between contractual theories and non-contractual theories to explain the holder's position. Contractual theories build on the initial contract of carriage and apply contract law mechanisms while non-contractual theories construe the position of the third-party holder independently. Following the analysis and appraisal of the different theories, this book makes the case that the position of the third-party holder of the bill of lading is not obvious or self-evident; and submits that a statutory approach to the position of the holder of the bill of lading has advantages and would be preferable.

The most complete, credible, and authentic business law text available, the Sixteenth Edition of SMITH & ROBERSON'S BUSINESS LAW by Richard A. Mann and Barry S. Roberts continues a long tradition of accuracy, thoroughness, and consistent coverage of the latest issues and emerging trends. This updated classic delivers a comprehensive, detailed presentation of business law that covers all topics included in the business law section of the certified public accountant (CPA) exam. In addition, this text covers the legal responsibilities and liabilities of accountants section and the corporate governance portion of business environment and concepts section of the CPA Exam. The cases--located at the end of each chapter--offer an excellent mix of landmark and current decisions and are edited to preserve a large portion of the language of the court. Proven, comprehensive, and completely up-to-date, this trusted and thorough text will challenge and engage your students--and ensure they leave your class with a solid understanding of modern business law.

South African shipping law is a rich amalgam of English common law and Roman-Dutch civilian principles. Its provenance was profoundly influenced first by Dutch dominance over the seas and world trade during the 17th and 18th centuries, and then by the might of the English commercial empire of the 19th and 20th centuries.

Today's South African shipping lawyer continues to draw on both systems, supplemented by innovative developments, especially in admiralty practice.

The second edition of Shipping Law & Admiralty Jurisdiction in South Africa follows ten years after its first publication. The book aims to cover all aspects of admiralty jurisdiction and practice, and general shipping law, in one volume.

This new work provides integrated analysis of and guidance on the Prospectus Regulation 2017, civil liability for a misleading prospectus, and securities litigation in a European context. The prospectus rules are one of the cornerstones of the EU Capital Markets Union and analysis of this aspect of harmonisation, the areas not covered by the rules, and the impact of Brexit, provides valuable reference for all advising and researching this field. The first Part serves as an introduction to the volume with relevant context. Part II discusses the subjects of Prospectus Regulation from both a legal and economic perspective. Each chapter within Part II focuses on a key subject of the new Prospectus Regulation, providing an in-depth analysis of each issue. Part III of the work explains the domestic law on liability for a misleading prospectus, this issue being omitted from the Regulation. The law and practice in each of the key capital markets centres in Europe is analysed, with the UK chapter covering the issues and possible solutions under Brexit. There is full consideration of conflicts of laws issues with reference to the Brussels I regulation, and the Rome I and II Regulations. The influence of the EU Prospectus rules on private law is also addressed.

Hotel Law, Transactions, Management and Franchising presents a practical guide to the issues that face lawyers and industry leaders working in the hospitality field. It aims to develop the reader's understanding of the acquisition process and the complex relationships in management and franchise deals that dominate the hotel industry. This text is written primarily as a desktop reference for legal practitioners working in the hotel law field and is also suitable for students studying towards hotel and hospitality careers both at an undergraduate and law school or graduate level. The highly experienced author, contributors and editors offer insights into the industry players and their preferred positions, desired outcomes, and the potential pitfalls that can ensnare even the most well-planned deals. With broad coverage of the rapidly growing field of hospitality law-including gaming, recreation, and amenities- the book's approach examines the dominant models of hotel ownership, management and franchising, and includes independent hotels and the move towards complex resorts. The book's coverage of key legal topics ranges from real estate, to intellectual property, contracts, and finance.Hotel Law will give readers an understanding of the hospitality industry from the perspective of the transactional practitioner, while examining the multi-party relationships and agreements that develop between an owner, operator, licensor and lender.

This timely new work provides the most comprehensive coverage of debt restructuring tools available in the UK including analysis of the new restructuring plan under Part 26A of the Companies Act 2006 and emerging themes from related precedent case law. The book is the first of its kind to provide a comprehensive analysis of the new restructuring plan. Part A explains the law and practical application of the main types of creditor schemes of arrangement and restructuring plans in the UK. It analyses the tools available to market participants and other key stakeholders by reference to the capital structures most commonly seen in middle market and top tier European financings. Part B provides a comparative analysis between company voluntary arrangements (including recent case law) and schemes and restructuring plans to enhance the reader's understanding of the implications of the various tools available. Part C covers administration and receivership sales and appropriations under the Financial Collateral Arrangements Regulations for private and public companies, written from the perspective of a practitioner with practical issues in mind. The primary subject matters of the book are complemented by chapters analysing the "distressed disposals" regime in the Loan Market Association form of Intercreditor Agreement, liability management transactions under high yields nots/bonds, and scheme/restructuring plan-related pensions issues. This work is essential reading for all insolvency and debt finance lawyers advising on financial restructurings in the UK and Ireland. It provides practitioners involved in "new money" lending with a greater understanding of the consequences that transaction structuring and commonly negotiated features (e.g, debt incurrence regimes and other covenants, controls and carve-outs) may have in a workout scenario. This product includes a copy of the hardback and a digital version available on PC, Mac, Android devices, iPad, or iPhone for quick and easy access wherever you are.