This book examines delisting - and the difficult questions it raises around investor protection-from the perspectives of the company, shareholders, trading venues, and supervisory authorities.
Delisting is analysed with a view to finding common ground in the EU, and exploring whether delisting should be part of the EU project of a Capital Markets Union. In order to answer the question of harmonisation at the European level, the book also considers approaches in jurisdictions outside Europe. In particular, the book looks at the legal situation in Australia, Hong Kong, India, South America and the USA.
Offering a comprehensive and authoritative discussion of the major questions for listed companies who want to go private, the book will be of great interest to academics, lawmakers, supervisors, lawyers and judges.
The book's companion website (bloomsbury.pub/delisting-stock-corporations) provides access to reports and questionnaires on specific EU member states.
Examines delisting - and the difficult questions it raises around investor protection - from the perspectives of the company, shareholders, trading venues, and supervisory authorities.
Vassilios Tountopoulosis Professor of commercial law at the University of the Aegean, Greece.
R?diger Veilis Professor for corporate law and capital markets law at Ludwig Maximilians-University, Germany.
Part I: Fundamentals of Delisting
1. Delisting in EU Capital Markets Law: Forms, Goals and Rationales, Vassilios Tountopoulos (University of the Aegean, Greece)
2. Delisting in the Light of the ECHR, Ioannis Ktistakis (University of Thrace, Greece)
Part II: Voluntary Delisting in EU Member States
3. Voluntary Delisting and Shareholder Protection from a Corporate Law Perspective,Christoph Van der Elst (Tilburg University, the Netherlands)
4. Voluntary Delisting: Procedures and Shareholder Protection Under l3)