The issues confronting the Securities and Exchange Commission, the courts, Congress, and securities and corporate lawyers regarding tender offers are examined in this timely collection of commentaries. New data is introduced on how to regulate tender offers and proxy contests for control of publicly held companies. In addition, the constitutional dimensions of state anti-takeover statutes, target managements's conduct in fending off hostile bidders, the SEC's advisory committee report of recommendations on tender offers and SEC tender offer rules are reviewed. Insider trading in the tender offer context and proposals for tender offer reform are also explored. Readers will learn what states are doing to regulate takeovers and what inside counsels should suggest when their firms become targets. They will also discover how target management's conduct is viewed and where further regulation will be most likely to occur.

African Americans today face a systemic crisis of mass underemployment, mass imprisonment, and mass disfranchisement. This comprehensive reader makes clear to students the mutual constitution of these three crises. NEW SERIES ANNOUNCEMENT Critical Black Studies Series Editor: Manning Marable

The Critical Black Studies Series features readers and anthologies examining challenging topics within the contemporary black experience--in the United States, the Caribbean, Africa, and across the African Diaspora. Under the general editorial supervision of Manning Marable, the readers in the series are designed both for college and university course adoption, as well as for general readers and researchers. The Critical Black Studies Series seeks to provoke intellectual debate and exchange over the most critical issues confronting the political, socioeconomic and cultural reality of black life in the United States and beyond.

The globalization of the securities markets, rapid technological advancement, the perpetration of widespread cross-border fraud and the proliferation of emerging capital markets have made international financial law an increasingly important area of regulation, practice and research. Its significance will continue to grow in the 21st century, making the advent of a book focusing on developments in international securities law extremely timely. Key topics covered in this book include disclosure requirements, insider trading regulation, global offerings, transnational regulatory co-operation, the role of the International Organization of Securities Commissions (IOSCO), memoranda of understanding and emerging capital markets. Discussion of these issues is supported by examination of the law and policy in numerous countries, including developed and emerging capital markets. The author makes detailed analysis of applicable legal principles with regard to a wide range of topics, discusses proposed standards for law reform and makes recommendations to enhance international cooperation.

This book traces the origins of socialist thought and planning in Burma and shows how socialist ideology has had to be tempered with pragmatism to make economic development possible. It points out the difficulties with political succession brought by the military regime's preoccupation.

This book concentrates on the process of economic growth, for which Korea today is renowned. It examines some of the salient forces that helped to produce Korea's remarkable change and explores the evolution of the class structure in Korea and the changes it is now experiencing.

A liberalization of economic policies has inspired considerable economic growth and encouraged the development of Burma's natural resources, but, according to David Steinberg, the current military government is akin to previous civilian governments in its commitment to socialism as a vehicle for development. The economic flexibility demonstrated by the government has not been matched by political liberalization, and as a result, economic growth remains a captive of administrative and policy constraints. Steinberg traces the origins and acceptance of socialist thought and planning in Burma and shows how socialist ideology has had to be tempered with pragmatism in order to make economic development possible. Looking to Burma's future, he also points out two central problems facing the country: strained minority relations, which have kept the nation from developing a sense of unity, and difficulties with political succession brought on by the military regime's preoccupation with perpetuating its own leadership.

This is the first book length work in English dealing with the crucial and troubled relationship between Korea and the United States. Leading scholars in the field examine the various historical, political, cultural, and psychological, aspects of Korean-American relations in the context of American global and East Asian relationships, especially with Japan.

This is the first book-length work in English dealing with the crucial and troubled relationship between Korea and the United States. Leading scholars in the field examine the various historical, political, cultural, and psychological aspects of Korean-American relations in the context of America's global and East Asian relationships, especially with Japan.

This book concentrates on the process of economic growth, for which Korea today is renowned. It examines some of the salient forces that helped to produce Korea's remarkable change and explores the evolution of the class structure in Korea and the changes it is now experiencing.

African Americans today face a systemic crisis of mass underemployment, mass imprisonment, and mass disfranchisement. This comprehensive reader makes clear to students the mutual constitution of these three crises. NEW SERIES ANNOUNCEMENT Critical Black Studies Series Editor: Manning Marable

The Critical Black Studies Series features readers and anthologies examining challenging topics within the contemporary black experience--in the United States, the Caribbean, Africa, and across the African Diaspora. Under the general editorial supervision of Manning Marable, the readers in the series are designed both for college and university course adoption, as well as for general readers and researchers. The Critical Black Studies Series seeks to provoke intellectual debate and exchange over the most critical issues confronting the political, socioeconomic and cultural reality of black life in the United States and beyond.

African Americans today face a systemic crisis of mass underemployment, mass imprisonment, and mass disfranchisement. This comprehensive reader makes clear to students the mutual constitution of these three crises.

Long isolated by rigid military rule, Burma, or Myanmar, is one of the least known, significantly sized states in the world. Possessed of a rich cultural history yet facing a range of challenges to stability and growth, it has struck the imaginations of those concerned not only with geopolitical or trade affairs but also with poverty, health, and human rights. David I. Steinberg sheds new light on this reclusive state by exploring issues of authority and legitimacy in its politics, economics, social structure, and culture since the popular uprising and military coup of 1988. Exploring the origins of that year's tumultuous events, Steinberg analyzes a generation of preceding military governments and their attempts to address the nation's problems. He focuses on the role of the military, the effects of Burma's geopolitical placement, the plight of the poor, the destruction of civil society, and rising ethnic tensions. While taking into account the importance of foreign observers as counterpoints to official views, suppliers of economic aid, and advocates of reform, Steinberg contends that ultimately, the solutions to Myanmar's varied problems lie with the Burmese themselves and the policies of their government. This paperback edition includes a postcript that reveals the most current and critical issues facing Burma since the publication of the original hardcover in March 2001. Steinberg brings readers up to date on the recent release of political prisoners, economic and military conditions, United Nations actions, and the complex, ever-changing relationship between Thailand and Myanmar.

The system of securities regulation that prevails today in the United States is one that has been formed through piecemeal federal legislation, Securities and Exchange Commission (SEC) invocation of its administrative authority, and self-regulatory episodic action. As a consequence, the presence of consistent and logical regulation all too often is lacking. In both transactional and litigation settings, with frequency, mandates apply that are erratic and antithetical to sound public policy. This book focuses on "rethinking" the securities laws, with particular emphasis on the Securities Act and Securities Exchange Act. In 1978, the American Law Institute (ALI) adopted the ALI Federal Securities Code. The Code has not been enacted by Congress and its prospects are dim. Since that time, no treatise, monograph, or other source comprehensively has focused on this meritorious subject. The objective of this book is to identify the deficiencies that exist under the current regimen, address their failings, provide recommendations for rectifying these deficiencies, and set forth a thorough analysis for remediation in order to prescribe a consistent and sound securities law framework. By undertaking this challenge, the book provides an original and valuable resource for effectuating necessary law reform that should prove beneficial to the integrity of the U.S. capital markets, effective and fair government and private enforcement, and the enhancement of investor protection.

This book focuses on the federalization of corporate governance in the United States from both historical and contemporary perspectives. Although the states traditionally have regulated the sphere of corporate governance - encompassing the relations among and between the subject corporation, its directors, its officers, its stockholders, and other stakeholders - federal law today impacts the governance of publicly-traded companies to a greater degree than ever before in U.S. history. This book discusses the evolution and development of corporate governance from a federal law perspective from the commencement of the twentieth century to the present. It examines the tension between state company law and federal law, analyzes the federal historical developments, explains the ramifications of the federal legislation enacted during the past two decades, and recommends corrective measures that should be implemented. The book accordingly provides an original, historical, and contemporary analysis of the federalization of corporate governance - a subject that impacts this country's economic well-being in a very fundamental way.

"Developments in Business Law and Policy focuses on fundamental principles of law, adding information on practical and theoretical perspectives and policy to the subject. The book begins with a discussion of agency law, which is a bedrock subject for students in business law courses. The topic is made fresh and interesting through exploration of current, topical developments such as those pertaining to the Disney case in Delaware. This is followed by two subsequent foundational chapters discussing the choice of enterprise forms and shareholder agreements. Whether or not a student intends to become an entrepreneur, these subjects are critical to knowing the ins and outs of entering into a business. The material in Developments in Business Law and Policy is organized in a provocative manner that brings real world examples to the classroom. Later chapters address important and timely subjects including corporate governance, veil piercing, director and officer duties, mergers and acquisitions, and insider trading. The book concludes with a policy analysis of where regulation failed in the Madoff financial scandal. Each chapter focuses on a scenario that highlights the practical and policy issues covered in the chapter. The inclusion of recent high-profile cases and issues makes the book interesting and appealing to both students and professors. Developments in Business Law and Policy is written primarily for undergraduate business law courses and MBA courses on the subject. It is also an excellent supplementary text for use in law schools. "

" Marc I. Steinberg is currently the Radford Professor of Law at the Southern Methodist University Dedman School of Law. Prior to this he taught at the University of Pennsylvania Wharton School of Business and Finance. He has taught extensively outside the United States, including appointments at universities in Argentina, Australia, China, England, Finland, Germany, Israel, Japan, New Zealand, Scotland, South Africa, and Sweden. Previously Professor Steinberg was an attorney at the United States Securities and Exchange Commission. He has served as an expert witness in high profile legal cases such as those of Martha Stewart, Enron, and Tyco. Professor Steinberg has written 25 books and more than 125 articles.