Year
2001
Abstract
The fallout of the 13th directive on take overbids shows the complexity of the European process and the difficulty to obtain results to harmonise very important matters for European companies such as company laws and financial rules. Differences between the Anglo-Saxon approach where the shareholders, owners of the company are alone to decide and the ‘Rhineland’-model, in which a company is a social community which requires a degree of solidarity between all the stakeholders are still here. The convergence of the material contents of national regulation relating to public offers is real but if EU norm-setting couldn’t bring moderation with an integration of social concerns, the market logic will become sharper and sharper…
DE BEAUFORT, V. (2001). OPA en Europe : Le marché peut-il jouer le rôle du législateur communautaire ? Echanges, pp. 44-45.