European Company Law Action Plan Revisited : Reassessment of the 2003 priorities of the European Commission.
Başlık:
European Company Law Action Plan Revisited : Reassessment of the 2003 priorities of the European Commission.
Yazar:
Geens, Koen.
ISBN:
9789461660084
Yazar Ek Girişi:
Fiziksel Tanımlama:
1 online resource (376 pages)
İçerik:
THE EUROPEAN COMPANY LAW ACTION PLAN REVISITED -- Table of Content -- Preface -- The European Company Law Action Plan Revisited: An Introduction -- Reform problems -- 1. Capital -- 2. Corporate governance -- 3. One share/one vote -- 4. Financial reporting -- 5. Corporate mobility -- Perspectives -- Flexible mixed system solutions -- Adequate enforcement -- The financial markets crisis and beyond -- Stock-taking -- I. Reforming Legal Capital: Harmonisation or Fragmentation of Creditor Protection? -- Abstract -- Table of Contents -- 1. Introduction: the European path to reforming legal capital requirements to date -- 2. Overview -- 3. Functions attributed to the legal capital -- 4. Legal capital: a merely transitional phase or a powerful regulatory tool? -- 5. Alternative regimes: a brief overview -- 5.1. Traditional mechanisms enhancing creditor protection -- 5.2. Creditor protection: alternatives to the Second Directive distribution regime -- 5.2.1. Second Directive: balance sheet test -- 5.2.2. The High Level Group -- 5.2.3. The Rickford proposal -- 5.2.4. The Lutter proposal -- 5.2.5. The Dutch proposal -- 5.3. Initiatives at the European level -- 5.3.1. Second Directive to remain unchanged -- 5.3.2. Proposal for a Regulation on the Statute for a European Private Company -- 6. Reasons for such a vigorous legal capital debate? -- 7. Should creditor protection be ensured by corporate law? -- 8. Alternative protective techniques -- 9. Creditor protection: does Europe still want a level playing field? -- 10. Concluding remarks: the way forward… -- Bibliography -- Transcripts of Capital and Creditor Protection Session -- A. Abstract -- B. Response to paper by Jonathan Rickford -- C. Discussion -- Didier MARTIN -- Henri OLIVIER , University of Liège -- Jonathan RICKFORD -- Didier MARTIN -- Jonathan RICKFORD.
Karel VAN HULLE, K.U.Leuven and European Commission -- Philippe PELLE, European Commission -- Jonathan RICKFORD -- Marieke WYCKAERT, K.U.Leuven -- Didier MARTIN -- Jean-Marie NELISSEN GRADE -- Marieke WYCKAERT -- Jean-Marie NELISSEN GRADE -- Jonathan RICKFORD -- II. Corporate Governance in a European Perspective -- Abstract -- Table of contents -- 1. Introduction -- 2. Growing Interest in Corporate Governance at European Level -- 3. General Outline: European Corporate Governance and Ownership Structures -- 4. Monitoring by The Market -- 5. The Shareholders in the Corporate Governance Debate -- 6. Monitoring by an Independent Board of Directors -- 7. Monitoring by the Legislator -- 8. What Should Be on the European Agenda? -- Bibliography -- Transcripts of Corporate Governance Session -- A. Abstract -- B. Response to paper by Eddy Wymeersch -- C. Discussion -- Paul DAVIES -- Peter MONTAGNON, Association of British Insurers -- Walter VAN GERVEN, K.U.Leuven -- Jaap WINTER, University of Amsterdam -- Bruno LAFORCE, GIMV NV -- Philippe PELLE, European Commission -- Klaus J. HOPT, Max Planck Institute -- José GARRIDO GARCIA, University of Castilla-La Mancha -- Didier MARTIN, Bredin Prat, Paris -- Paul DAVIES -- Hilde LAGA -- Paul DAVIES -- Hilde LAGA -- Paul DAVIES -- Walter VAN GERVEN -- Eddy WYMEERSCH -- José GARRIDO GARCIA -- Hendrik DE SCHEEMAEKER, Deloitte Belgium -- Peter MONTAGNON -- Paul DAVIES -- Peter MONTAGNON -- Eddy WYMEERSCH -- Paul DAVIES -- Eddy WYMEERSCH -- José GARRIDO GARCIA -- Jaap WINTER -- Paul DAVIES -- Jaap WINTER -- Eddy WYMEERSCH -- Didier MARTIN -- Peter MONTAGNON -- Didier MARTIN -- Hilde LAGA -- Eddy WYMEERSCH -- Philippe PELLE -- Stef OOSTVOGELS, Oostvogels Phister Feyten -- Floris PARREIN -- Hilde LAGA -- Eddy WYMEERSCH -- Paul DAVIES -- III. One Share One Vote: Fairness, Efficiency and EU Harmonisation Revisited -- Abstract.
Table of contents -- 1. Introduction -- 2. Models of Corporate Ownership and Control -- 3. The Mandatory Bid Rule -- 4. The Effects of 1S1V on Control Allocation and Operational Governance -- 4.1. Theoretical Approach -- 4.1.1. The impact of deviations from 1S1V on operational decisions (outside a takeover situation) -- 4.1.2. The impact of deviations from 1S1V on control transfers (both on the outcome of public takeover bids and on private sales of control) -- 4.2. Empirical Evidence -- 5. The Effects of 1S1V on Ownership Structure -- 6. The Breakthrough Rule -- 7. Added Value of the Breakthrough Rule in the light of the Mandatory Bid Rule -- 8. Added Value of 1S1V in the light of the Mandatory Bid and Breakthrough Rules -- 8.1. Minority Protection (Outside the Takeover Situation) -- 8.2. Cost of Capital -- 8.3. Shareholder Participation -- 8.4. Restructuring (Other than in a Takeover Situation) -- 8.5. Uniformity: Level Playing Field and Legal Certainty -- 9. Negative Harmonisation of 1S1V and the Role of the European Court of Justice -- 10. Conclusion -- Bibliography -- Transcripts of One Share, One Vote Session -- A. Abstract -- B. Response to paper by José M. Garrido Garcia -- C. Discussion -- Peter MONTAGNON -- Gerard HERTIG, ETH Zürich -- Peter MONTAGNON -- Paul DAVIES, University of Oxford -- Koen GEENS -- Klaus J. HOPT, Max Planck Institute -- José M. GARRIDO GARCIA -- Peter MONTAGNON -- Hans DE WULF University of Ghent -- José M. GARRIDO GARCIA -- Piet BEVERNAGE, Ackermans & Van Haaren NV -- Peter MONTAGNON -- Carl CLOTTENS -- José M. GARRIDO GARCIA -- Koen GEENS -- Peter MONTAGNON -- Henri SWENNEN, University of Antwerp -- Peter MONTAGNON -- José M. GARRIDO GARCIA -- Koen GEENS -- IV. Belgian and European Accounting Law 30 years after the Fourth EC Directive A route planner in a landscape scattered with (a growing number of) crossroads.
Abstract -- Table of contents -- Introduction -- 1. Harmonisation under the Fourth and Seventh Directives: (why) a bridge too far? -- 1.1 The main objectives of the Fourth5 and Seventh6 Directives -- 1.2 The transposition of the Fourth and Seventh Directives: more diversity than unity -- 2. The IAS/IFRS Regulation: a response to increasing demand for uniformity in financial reporting -- 2.1 The growing pressure from capital markets -- 2.2 The principles governing the IAS/IFRS Regulation -- 3. The (first) "modernisation wave" of the Fourth and Seventh Directives -- 3.1 The "Fair Value Directive" of 27 September 2001 -- 3.2 The "Modernisation Directive" of 18 March 2003 -- 3.3 The "Second Modernisation Directive" of 14 June 2006 -- 4. Transposition of the IAS/IFRS Regulation and of the (first) "modernisation wave" for the Fourth and Seventh Directives into Belgian accounting law -- 4.1 Transposition of the IAS/IFRS Regulation -- 4.1.1 Article 114 of the Royal Decree of 30 January 2001 implementing the Company Code: indication of the optional or required application of IAS/IFRS with respect to the consolidated accounts -- 4.1.2 The Royal Decree of 23 September 1992: required application of IAS/IFRS with respect to the consolidated accounts of credit institutions and investment companies -- 4.1.3 The Royal Decree of 21 June 2006: required application of IAS/IFRS with respect to the annual accounts of closed-end real estate investment companies -- 4.2 Transposition of the (first) "modernisation wave" for the Fourth and Seventh Directives -- 4.2.1 Removal of the possibility for listed companies to use the accounting and audit exemptions for small companies -- 4.2.2 Additional disclosure required in the annual reports on the annual and consolidated accounts (articles 96 and 119 of the Company Code).
4.2.3 Additional disclosure required in the statutory auditor's reports on the annual and consolidated accounts (articles 144 and 148 of the Company Code) -- 4.2.4 Additional disclosure required in the notes to the annual and consolidated accounts (articles 91, 97 and 116 of the Royal Decree of 30 January 2001 implementing the Company Code) -- 5. Overview of the (numerous) crossroads in the accounting landscape in 2008-2009 -- 6. Difficult issues to resolve -- 6.1 Amendments to the Accounting Directives -- 6.1.1 Communication from the Commission on a simplified business environment for companies in the areas of company law, accounting and auditing -- 6.1.2 Fast-track amendment of the Accounting Directives -- 6.2 Financial crisis: modification of IAS 39 and IFRS 7 -- Final considerations: European and Belgian accounting law: quo vadis? -- Bibliography -- Transcripts of Financial Reporting Session -- A. Abstract -- B. Response to paper by Hans Beckman and Peter Van der Zanden -- Hans BECKMAN -- Peter VAN DER ZANDEN -- C. Discussion -- Karel VAN HULLE -- Enforcement and consistent application of IAS/IFRS -- Karel VAN HULLE -- Peter VAN DER ZANDEN -- Henri OLIVIER -- Karel VAN HULLE -- Henri OLIVIER -- Karel VAN HULLE -- Peter VAN DER ZANDEN -- Henri OLIVIER -- Administrative burden of financial reporting - exemption for "micro-entities" -- Karel VAN HULLE -- Frank HELLEMANS -- Henri OLIVIER -- Karel VAN HULLE -- Henri OLIVIER -- Peter VAN DER ZANDEN -- Henri OLIVIER -- Who should be the standard setter - due process - governance? -- Karel VAN HULLE -- Henri OLIVIER -- Karel VAN HULLE -- Frank HELLEMANS -- Henri OLIVIER -- V. Corporate Mobility -- Abstract -- Table of contents -- 1. Introduction -- 2. Moving companies and corporate activities across Europe: techniques -- 2.1. The European Company -- 2.2. Cross-border mergers.
2.3. Cross-border transfer of seat / freedom of establishment.
Özet:
The harmonisation of company law has always been on the agenda of the European Union. Besides the protection of third parties affected by business transactions, the founders had two other objectives: first, promoting freedom of establishment, and second, preventing the abuse of such freedom. In fact, the fear of the Netherlands becoming the 'Delaware of Europe' (in terms of competition among Member States) seemed real, until, ironically, at the beginning of the 21st century, it was the privilege of the Dutch (and the Danish) state to fail in making the abuse argument before the European Court of Justice. The Court was apparently at ease since comparative law research had shown that the U.S. model of state competition was more fruitful than harmful: Delaware had, among U.S states, developed the most sophisticated corporate law, and nurtured the country's most experienced company law judges. Therefore the Commission felt ready to refocus its company law strategy. On the basis of the so-called Winter Group Report, it wrote its Company Law Action Plan, which was issued on 21 May 2003. Now, six years later, a revisit is appropriate. In this volume researchers of the Jan Ronse Institute for Company law of the Katholieke Universiteit Leuven present five papers on the main priorities of the Action Plan: capital and creditor protection, corporate governance, one share one vote, financial reporting, and corporate mobility. The book also includes responses and ensuing discussions by reputed European company law experts. The conclusion of the book is written by Jaap Winter.
Notlar:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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