Corporate Finance Law in the UK and EU

Combining perspectives from practice, legal theory and doctrinal analysis, this book presents a comprehensive examination of the questions facing the current understanding and future application of corporate finance law, such as the optimal adaptation of regulation in highly dynamic settings and the scope for innovation in legal markets in light of the current debt crisis. The book considers areas of corporate finance that are likely to be of key importance in the next few years including regulatory reforms, which are of present concern. It also addresses timely and important questions such as the impact of higher interest rates on capital markets strategies and how directors should balance the demands for disclosure and transparency with the cost of compliance. Bringing together contributions from over 20 international leading academic and practitioner experts in this area, this book provides a comparative perspective of equity financing, debt financing, European law and policy, and practical research on how to improve and solve current problems related to corporate finance.

1 - The prohibition against financial assistance constructing a rational response
2 - The decline of legal capital: an exploration of the consequences of board solvency based capital reductions
3 - Schemes of arrangement
4 - Insider dealing after the market abuse directive
5 - Short sales regulation in seasoned equity offerings: what are the issues?
6 - Initial public offers - the supply and demand side perspectives in the legal framework
7 - The future role of credit rating agencies in contemporary financial markers - a theoretical perspective
8 - Contractual aspects of debt financing
9 - Security
10 - Set-off, netting and alternatives to security
11 - Policy issues and reform in debt finance: the reform of the English law of secured transactions in personal property
12 - The practitioner's perspective: the Financial Collateral Directive in England
13 - The assymetrical treatment of debt and equity finance under UK tax law
14 - The EU Financial Services Action Plan and its impact on corporate finance
15 - The impact of increased corporate mobility on corporate lawmaking in the EU and on corporate finance issues
16 - Is Volkswagan the new Centros? Free movement of capital's impact on company law
17 - Equivalence-based regulation and EU prospectus law: the shadow regime
18 - Legal capital and the EU-treaties

Dan Prentice is a visiting professor at University College London and practices at Erskine Chambers. He is Emeritus Professor of Corporate Law at the University of Oxford and he is a member of the Law Society's Committees on Company Law and Insolvency Law. Arad Reisberg is a Reader in Corporate and Financial Law at University College London. His research interests are in the field of corporate law, financial law, corporate finance and regulation of financial markets.