Commercial Law offers a fresh, modern, and stimulating exploration of this diverse and fascinating area of law. The text provides thorough coverage of all key aspects of the syllabus, including the law of agency, the sale of goods, international trade, and methods of payment, finance, and security. This coverage is enhanced through a range of novel learning features, including examples, definitions, and diagrams, that encourage understanding and demonstrate how the principles behind the law are applied in practical transactions. Digital formats and resources The fourth edition is available for students and institutions to purchase in a variety of formats, and is supported by online resources. The e-book offers a mobile experience and convenient access along with functionality tools, navigation features and links that offer extra learning support: www.oxfordtextbooks.co.uk/ebooks This edition is also accompanied by a selection of online resources to support and further student learning, including: * Self-test questions * Additional chapters on alternative dispute resolution, the UN Convention on the International Sale of Goods, consumer credit, principles of insurance law, and WTO rules and bilateral trade rules * Answers to questions posed in the book * Flashcards for key terminology * Further reading * A guide to OSCOLA referencing * Downloadable figures from the book

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.

IT Outsourcing A wide range of industry sectors need IT, and many organisations choose to outsource this (for example, banking, pharmaceuticals, travel and insurance companies). Outsourcing exists in many guises; IT payroll, helpdesk and IT maintenance requirements or the whole IT function. This book identifies some of the benefits and the pitfalls that an organisation may encounter when outsourcing its IT. IT Outsourcing Contracts: A legal and practical guide will provide readers with: * An overview of IT outsourcing, including advantages and disadvantages * Details of what needs to be considered when choosing whether or not to outsource IT * Typical scenarios that can arise when outsourcing IT and information on typical solutions that have been adopted by other organisations * An overview of the IT outsourcing process and useful information about the lifecycle from choosing a supplier, through to termination * An understanding of legal and practical issues that might arise in an IT outsourcing contract. The benefits for your organisation IT outsourcing can provide many benefits for your organisation, including cost savings and improved services. It can thus enable your organisation to operate more efficiently, and potentially make more profit. This book details the issues you need to take into consideration and the steps you need to follow in order to achieve these benefits.

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.

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.

Card and James' Business Law is the most detailed account of business law, providing commanding analysis of the English legal system, contract law, the law of tort, employment law, and partnership and company law. Discussion of the core elements is supplemented with learning features which have been integrated throughout to support study and make the subject more accessible. Relevant examples from the business environment and the key legal cases are presented to help students build a greater understanding of the interconnections between the law and the corporate setting. Chapter introductions and summaries help students identify the salient points of each chapter, while self-test questions allow students to reinforce understanding. The book is accompanied by a collection of online resources to help students approach assessments with confidence: including supplementary problem and essay questions, multiple choice questions with instant feedback, and revision summaries.

Der Autor untersucht umfassend die Auswirkungen des durch das MoMiG neu geschaffenen 55a GmbHG auf das System des GmbH-Rechts. Neben einer Darstellung der dogmatischen Grundlagen des 55a GmbHG befasst er sich ausfuhrlich mit der Kompetenzordnung der GmbH und dem Bezugsrecht der Gesellschafter im Anwendungsbereich eines genehmigten Kapitals. Die in diesem Zusammenhang bestehenden Streitfragen (etwa das Weisungsrecht der Gesellschafter, die Befugnis der Geschaftsfuhrer zur Satzungsanpassung oder die Rolle eines Aufsichtsrats) fuhrt der Autor einem systematischen Loesungsansatz zu. Schliesslich widmet er sich moeglichen Erleichterungen fur alternative Finanzierungsinstrumente (wie etwa Arbeitnehmerbeteiligungen) durch ein genehmigtes Kapital.

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.

Nach dem Scheitern des Verordnungsentwurfes zur Societas Privata Europaea hat die Europaische Kommission mit dem Richtlinienentwurf zur Societas Unius Personae (SUP) einen erneuten Anlauf genommen, um die Tatigkeit europaischer Unternehmen im gemeinsamen Binnenmarkt zu vereinfachen. Es handelt sich hierbei um eine europaweit harmonisierte Einpersonengesellschaft mit beschrankter Haftung. Der Autor geht zunachst auf die Notwendigkeit des Richtlinienvorschlages ein, um anschliessend dessen Auswirkungen auf das deutsche Gesellschaftsrecht zu untersuchen. Hierbei erlautert er samtliche Vorschriften des Richtlinienvorschlages kritisch und prasentiert AEnderungsvorschlage anhand aufgezeigter Probleme.

This book provides a complete course in business law. It focuses on the key topics in the subject each of which are defined clearly at the start of each chapter. Besides covering the traditional elements within any business law course it also incorporates subjects of a contemporary nature within the subject. The attractive and easy-to-read format makes it accessible to the reader, but the content retains the academic rigour required for examination success. It provides a comprehensive and readable text for those wishing to acquire a knowledge of this important subject. It contains many references to cases and statutes, all of which are tabulated for easy reference.

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.

Legal systems in the Caribbean still reflect those of the original European host countries. However, current commercial practice pays no respect to historic boundaries. Inevitably, disputes will arise. The use of arbitration as a method of settling commercial disputes in the Caribbean is gaining ground. Arbitration as an alternative to our over-stressed court system has the potential to result in the speedy, economic and equitable settlement of commercial disputes. In this layman's guide, Stoppi addresses the tremendous and urgent need for a basic understanding of the process of alternative dispute settlement in the Caribbean. He draws together the various practical and, to a lesser extent, legal aspects of the regional laws, procedures and rules of arbitration and its offshoots: adjudication, mediation and conciliation. Stoppi also takes a comparative look at the different but analogous practices of alternative dispute resolution entrenched in the legal and commercial environments in Europe and the United States. This book will be of practical use to all people seeking to enhance their understanding of the process of arbitration in the Caribbean.

This new edition of Modern Business Law: Principles and Practice covers both traditional and contemporary elements of business law and all relevant legislation, including European legislation, which impinges upon the business environment. In recent years there have been many changes in business practices, technology, legislation, and international trade, particularly within Europe. These changes have had an impact on both the legal principles and the practices of the business community. Consequently these changes have been reflected in the syllabuses of the major professional bodies and degree courses. This book examines these legal developments and offers an accessible and comprehensive text for both professional students and undergraduates studying business law.

No information found for this edition. Blurb for previous ed. from publisher's website: Commercial Law Essentials is an invaluable study guide for students. It provides up-to-date, concise and comprehensive coverage of Commercial Law and its effect on the law of Scotland and is the ideal text for students who come new to the subject and for those preparing for exams. This book is also an excellent resource for those who need to refresh or update their knowledge. Summary sections of Essential Facts and Essentials Cases will help students to identify, understand and remember the key elements of the subject.

Das Buch untersucht den Inhalt der Aufgreifkriterien in der europaischen, deutschen, taiwanesischen und festlandchinesischen Fusionskontrolle. Der Autor geht zuerst von einem Konkretisierungsmechanismus bei der Konkretisierung der Aufgreifkriterien aus. Danach werden die in der Praxis am haufigsten vorkommenden Zusammenschlusssachverhalte, namlich Fusion, Kontrollerwerb, Grundung eines Gemeinschaftsunternehmens, Anteils- und Anteilsrechtserwerb sowie Vermoegenserwerb, nach den jeweiligen Vorschriften untersucht. Es werden die in der europaischen, deutschen, taiwanesischen und festlandchinesischen Fusionskontrollpraxis entstandenen Streitfragen ausgeleuchtet und klare Loesungsvorschlage zugleich unterbreitet.

Mit der Umstellung von einem Marktbeherrschungstest auf den so genannten SIEC-Test (Significant Impediment to Effective Competition) wurde das materielle EU-Fusionskontrollrecht an den amerikanischen SLC-Test angenahert. In dieser Arbeit geht es um die Frage, inwieweit diese Neuregelung die Anwendungspraxis andert und wie dies zu bewerten ist. Hierfur wird eine Analyse der Entscheidungspraxis der europaischen und amerikanischen Gerichte und der EU-Kommission sowie der Grundsatze in EU und USA vorgenommen. Im Rahmen eines "more economic approach" entwickeln unilaterale Effekte - als wettbewerbswidrige Auswirkungen einer oligopolistischen Struktur - im Vergleich zu koordinierten Effekten einen ganz autonomen Inhalt. In diesem Kontext werden auch die Unterschiede im Fall eines homogenen oder eines heterogenen Produktmarktes klar und detailliert aufgezeigt. Anschliessend werden in einem industrieoekonomischen Ansatz neue Methoden wie die Merger Simulation Models oder die Bedeutung von Konsumentenpraferenzen fur das Auftreten von unilateralen Effekten besonders analysiert.

Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. "The New Global Rulers" examines who writes the rules in international private organizations, as well as who wins, who loses--and why.

Tim Buthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial reporting rules used by corporations in more than a hundred countries; and the International Organization for Standardization and the International Electrotechnical Commission, which account for 85 percent of all international product standards. Buthe and Mattli offer both a new framework for understanding global private regulation and detailed empirical analyses of such regulation based on multi-country, multi-industry business surveys. They find that global rule making by technical experts is highly political, and that even though rule making has shifted to the international level, domestic institutions remain crucial. Influence in this form of global private governance is not a function of the economic power of states, but of the ability of domestic standard-setters to provide timely information and speak with a single voice. Buthe and Mattli show how domestic institutions' abilities differ, particularly between the two main standardization players, the United States and Europe."

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 is the most comprehensive book focusing on the law and practice of Company Voluntary Arrangements (CVAs), bringing together analysis of the recent case law and legislation in one volume. CVAs originated in the 1980s as a simple restructuring tool for small businesses, but are now used in a wide variety of contexts, including by companies with real estate leasehold liabilities. Many high profile businesses have sought to take advantage of the flexibility of the procedure, and this has increased in light of the difficulties caused by the Covid 19 pandemic. The book considers recent judgments such as Debenhams, New Look, and Regis, drawing out the legal principles that have been applied. Practical aspects relating to CVAs are considered in the context of the law including consideration of the relative benefits and disadvantages of a CVA, as compared with the new restructuring plan procedure under Part 26A of the Companies Act 2006. Written by leading restructuring lawyers in the UK (in consultation with insolvency practitioners and accountants), UK property counsel and international counsel from Ireland, the USA and Canada. This work is an essential resource for all insolvency and restructuring professionals, private equity investors, special situations investment and real estate funds, property agents and advisers, management teams and academics.

This book advances a real entity theory of company law, in which the company is a legal entity which acts autonomously in law, and company law establishes procedures facilitating autonomous organisational decision-making. The theory builds on the insight that organisations or firms are a social phenomenon outside of the law and that these are autonomous actors in their own right. They are more than the sum of the contributions of their participants and they act independently of the views and interests of their participants. This occurs because human beings change their behaviour when they act as members of a group or an organisation; in a group we tend to develop and conform to a shared standard, and when we act in organisations habits, routines, processes, and procedures form and a culture emerges. These take on a life of their own affecting the behaviour of the participants. Participants can affect organisational behaviour but this takes time and effort. Company law finds this phenomenon and supplies it with a structure supporting autonomous action by organisations. The real entity theory advanced in this book explains company law as it stands at a positive level. Legal personality overcomes the problems that organisations are social rather than brute facts and that there is no unique physical manifestation permanently associated with an organisation. The corporate constitution is not a contract - it is best characterised as an instrument adopted on a statutory basis through private action. Shareholders cannot limit the capacity of companies or the authority of the board to bind the company in contract and companies are liable in tort and crime. The statute creates roles for shareholders, directors, a company secretary, and auditors and so facilitates a process leading to organisational action. The law also integrates the interests of creditors and stakeholders.

Market Abuse Regulation is a wide-ranging and insightful analysis of the market abuse regime and the applications of the regulations in the UK and European Union. It provides detailed discussion of the implementation and interpretation of the regulation, the conduct of investigations, the defences and appeals available against a finding of market abuse, and overlapping United States regulation. The new edition explains and evaluates the changes introduced by the Markets in Financial Instruments Directive , the Market Abuse Directive, the Market Abuse Regulation, and the implementation of the Regulation on Wholesale Market Integrity and Transparency, which have resulted in dramatic expansion of the coverage of EU market abuse regulation. It addresses the regulation of additional financial instruments, the expansion to include new markets and trading facilities, and changes to the coverage of commodity derivatives and physical commodities. It discusses the dramatic changes to the format of regulation as a result of the restructuring of UK regulators; as well as the addition of new EU supervisory bodies with revised powers over national regulation within the EU. Beyond the EU, it discusses international protocols and treaties which have also added to the regulatory structure.

The fast-growing last decade of strong economic growth of the Association of Southeast Asian Nations (ASEAN) has played a critical role in Asia-Pacific regionalism and global trade. This book explores the concept of ASEAN law under the normative framework of the new regional economic order. It examines the roadmap of the new ASEAN Economic Community Blueprint 2025 by evaluating the impact of ASEAN trade agreements on domestic legislation on professional services, financial integration, investment disputes and digital trade. More importantly, it sheds light on the legal implications of ASEAN's agreements with China and India and the potential developments of mega-regional trade agreements such as the CPTPP and the RCEP. Hence, the legal analysis and case studies in the book offer a fresh view of Asia-Pacific integration and bridge the gap between academia and practice.

Die KGaA feiert in diesem Jahr ihren 300. Geburtstag. Seither ist es nicht gelungen, ein konsistentes Besteuerungssystem zu entwickeln. Diese Arbeit untersucht die kontraren intransparenten und transparenten Besteuerungsmodelle und zeigt ihre Konsequenzen fur Gewinnermittlung und -verteilung, Organschaft, Umwandlungssteuerrecht, UEbertragung von Einzelwirtschaftsgutern, Verfahrensrecht sowie das Doppelbesteuerungsrecht anhand eines fortlaufenden Fallbeispiels auf. Die Arbeit legt die Rahmenbedingungen einer konsequenten KGaA-Besteuerung dar und pladiert fur die Mitunternehmerthese, wobei sie sich mit der Korrekturfunktion des 9 Abs. 1 Nr. 1 KStG, der Gewerbesteuer, der Zinsschranke, der Anwendbarkeit von 8c KStG sowie 34a EStG befasst und gesetzgeberischen Handlungsbedarf aufzeigt.