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This book offers four stimulating views on European integration and
law. Four experts in the fields of European law, private law,
criminal law and company law discuss to what extent European
integration has affected their respective fields of interest. In
addition to this, they offer their views on the future of European
integration. This makes this book indispensable to anyone
interested in the European Union and its all pervasive influence on
national law. The contributors are Deirdre Curtin, Jan Smits, Andr
Klip and Joseph A. McCahery. This volume marks the 25th anniversary
of the Faculty of Law of Maastricht University. In these 25 years,
the Maastricht Faculty of Law has become a forerunner in European
legal education and research. It offers the European Law School
program and hosts the Ius Commune Research School.
Private Company Law reform is among the most important topics for
lawmakers and companies. This well-timed volume explains in details
the legal reforms taking place in the principal European
jurisdictions, the United States and Asia. The volume brings
together a distinguished group of company law scholars to examine
the factors leading to the rise of the new unincorporated entities
in the US and Asia and explains in detail how private company law
forms can be suitably adapted to meet a wide range of firms' needs.
It examines the important reforms taking place in private company
law across the EU and addresses how the reforms may lead to a more
optimal environment for businesses to operate. Finally, it
critically explores the advantages of introducing the European
Private Company. This book is a valuable tool for scholars,
corporate lawyers, practitioners, policymakers and advanced
students in law, as well as for entrepreneurs in emerging and
developed markets. Joseph A. McCahery is Professor of International
Economic Law at Tilburg University, the Netherlands and Professor
of Financial Market Regulation, Tilburg Law and Economics Center.
Levinus Timmerman is Advocate General in the Supreme Court of the
Netherlands and Professor of Foundations of Company Law at the
Erasmus University Rotterdam, the Netherlands. Erik P.M. Vermeulen
is Professor of Business Law at Tilburg University, Professor of
Financial Market Regulation, Tilburg Law and Economics Center, and
Vice President at the Corporate Legal Department of Philips
International B.V.
Against the backdrop of an ever-changing financial landscape
sometimes characterized by an abundance of funding and start-up
opportunities, but usually characterized by down rounds and
decreasing valuations (leading to funding, investment and liquidity
gaps), ""venture capital"" has taken on a new uncertainty and
complexity. In this review, we suggest that venture capital should
not exclusively - or even primarily - be defined in terms of
providing risk capital (and advise) to founder-entrepreneurs. Such
an approach to venture capital, which is often described in terms
of a ""venture capital cycle"", seems to represent the conventional
wisdom in most recent discussion. According to this perspective,
the solution to the funding, investment, and liquidity gaps is for
new sources of capital - be they government, corporate or crowd -
to step in and provide founder-entrepreneurs with money, capacities
and connections that allows them to start, scale, and grow their
businesses. These ingredients are necessary but not sufficient to
maximize the economic potential of start-ups. Clearly we need
something more. Recently, alternative forms of finance and a new
breed of venture capital providers have emerged which focus more on
collaborations and the process of building long-term relationships
constructed around sharing, mutual trust and respect (partnering)
than making money (venturing). Online platforms, such as AngelList,
play an important role in encouraging these collaborative models.
Some investors have labeled this process as ""venture capital
2.0"". We explore the view that reforms that relax rules and
regulations governing initial public offerings should attract new
""venture capital 2.0"" investors and high volumes of business.
However, the growth rates for new segment listings in Europe and
the United States have stalled recently, casting doubts on the
usefulness of the of the IPO route for both young firms and
investors. We suggest that a renewed focus on private IPOs,
followed by a trade-sale or public IPO, is necessary to accommodate
the preferences of entrepreneurs and investors.
At the end of the twentieth century it was thought by many that the
Anglo-American system of corporate governance was performing
effectively and some observers claimed to see an international
trend towards convergence around this model. There can be no
denying that the recent corporate governance crisis in the US has
caused many to question their faith in this view. This collection
of essays provides a comprehensive attempt to answer the following
questions: firstly, what went wrong - when and why do markets
misprice the value of firms, and what was wrong with the incentives
set by Enron? Secondly, what has been done in response, and how
well will it work - including essays on the Sarbanes-Oxley Act in
the US, UK company law reform and European company law and auditor
liability reform, along with a consideration of corporate
governance reforms in historical perspective. Three approaches
emerge. The first two share the premise that the system is
fundamentally sound, but part ways over whether a regulatory
response is required. The third view, in contrast, argues that the
various scandals demonstrate fundamental weaknesses in the
Anglo-American system itself, which cannot hope to be repaired by
the sort of reforms that have taken place. "This collection of
papers by leading US and European corporate law scholars provides
fresh and rigorous analyses of the recent corporate governance
scandals and the strategies devised by regulators to guard against
future governance failures." Randall Thomas, John Beasley Professor
of Law and Business, Vanderbilt University School of Law,
Vanderbilt University.
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.
This book examines the limited liability business forms that have recently emerged, and seeks to identify the forces that have led to the emergence of new business forms for small and medium-sized businesses. Focusing on the US, UK, and continental Europe, the contributors analyse the Limited Liability Company, the Limited Liability Partnership, and the new business forms proposed in Europe.
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Paperback
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R398
R330
Discovery Miles 3 300
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