
The financial crisis has brought about a revival of state protectionism across the globe. Most Western leaders have made a virtue of big government and state intervention; bail-outs and Sovereign Wealth Funds have been among the first responses to the economic contraction. Company law rules are one of the instruments frequently used to restrict or to discourage integration or to deter foreign investment. Examples for the new protectionism can be seen in a wide range of legislative and regulatory measures, for instance state measures preventing foreign takeovers, 'golden shares' or laws on foreign direct investment targeting Sovereign Wealth Funds, mainly from Asia.This book presents timely research by a number of company law and EU law experts into this field of law. The chapters cover a broad range of topics, spanning from takeovers/mergers over the one share-one vote debate through to the foreclosure of markets against Sovereign Wealth Funds.
This book investigates how national company law regulations are increasingly utilized as instruments of economic protectionism to hinder European integration and deter foreign investment. The authors, Ulf U. Bernitz and Wolf-Georg W. Ringe, curate a collection of research from legal experts to analyze the tension between state interventionism and the European internal market. By examining the aftermath of the financial crisis, the text argues that legislative measures such as 'golden shares' and restrictions on Sovereign Wealth Funds represent a significant shift toward state-led economic control. The volume provides a rigorous framework for understanding how these regulatory barriers impact cross-border corporate activity and market openness.
What You Will Find
Experts identify this work as a critical resource for understanding the intersection of corporate law and geopolitical economic strategy. Readers frequently note the academic density of the prose, which serves as a foundational text for scholars and practitioners navigating the complexities of European integration.
Page Count:
400
Publication Date:
2011-02-11
Publisher:
Oxford University Press
ISBN-10:
0199591458
ISBN-13:
9780199591459
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