Legal Capital in Europe / edited by Marcus Lutter.
Adensamer, Nikolaus, contributor, contributor.; Bachner, Thomas, contributor, contributor.; Bayer, Walter, contributor, contributor.; Booth, Richard A., contributor., contributor.; Drygala, Tim, contributor, contributor.; Eidenmüller, Horst, contributor, contributor.; Ekkenga, Jens, contributor, contributor.; Engert, Andreas, contributor, contributor.; Fleischer, Holger, contributor, contributor.; Grunewald, Barbara, contributor, contributor.; Habersack, Mathias, contributor, contributor.; Hirte, Heribert, contributor, contributor.; Huber, Ulrich, contributor, contributor.; Embid Irujo, José Miguel, contributor, contributor.; Kalss, Susanne, contributor, contributor.; Kidyba, Andrzej, contributor, contributor.; Kluiver, H. J. de, contributor, contributor.; Kuhner, Christoph, contributor, contributor.; Lanzius, Tim, contributor, contributor.; Lutter, Marcus, contributor, contributor.; Lutter, Marcus, editor.; Mankowski, Peter, contributor, contributor.; Merkt, Hanno, contributor, contributor.; Micheler, Eva, contributor, contributor.; Miola, Massimo, contributor, contributor.; Mock, Sebastian, contributor, contributor.; Noack, Ulrich, contributor, contributor.; Oelkers, Janine, contributor, contributor.; Paulus, Christoph G., 1952- contributor, contributor.; Pellens, Bernhard, contributor, contributor.; Pentz, Andreas, 1962- contributor, contributor.; Priester, Hans-Joachim, contributor, contributor.; Rammeloo, Stephan F. G., contributor., contributor.; Schmidt, Karsten, contributor, contributor.; Schwanna, André, contributor, contributor.; Sellhorn, Thorsten, contributor, contributor.; Sołtysiński, Stanisław, contributor, contributor.; Spindler, Gerald, contributor, contributor.; Szumański, Andrzej, contributor, contributor.; Urbain-Parleani, Isabelle, contributor, contributor.; Veil, Rüdiger, 1966- contributor, contributor.
2011
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Title
Legal Capital in Europe / edited by Marcus Lutter.
Added Author
Adensamer, Nikolaus, contributor, contributor.
Bachner, Thomas, contributor, contributor.
Bayer, Walter, contributor, contributor.
Booth, Richard A., contributor., contributor.
Drygala, Tim, contributor, contributor.
Eidenmüller, Horst, contributor, contributor.
Ekkenga, Jens, contributor, contributor.
Engert, Andreas, contributor, contributor.
Fleischer, Holger, contributor, contributor.
Grunewald, Barbara, contributor, contributor.
Habersack, Mathias, contributor, contributor.
Hirte, Heribert, contributor, contributor.
Huber, Ulrich, contributor, contributor.
Embid Irujo, José Miguel, contributor, contributor.
Kalss, Susanne, contributor, contributor.
Kidyba, Andrzej, contributor, contributor.
Kluiver, H. J. de, contributor, contributor.
Kuhner, Christoph, contributor, contributor.
Lanzius, Tim, contributor, contributor.
Lutter, Marcus, contributor, contributor.
Lutter, Marcus, editor.
Mankowski, Peter, contributor, contributor.
Merkt, Hanno, contributor, contributor.
Micheler, Eva, contributor, contributor.
Miola, Massimo, contributor, contributor.
Mock, Sebastian, contributor, contributor.
Noack, Ulrich, contributor, contributor.
Oelkers, Janine, contributor, contributor.
Paulus, Christoph G., 1952- contributor, contributor.
Pellens, Bernhard, contributor, contributor.
Pentz, Andreas, 1962- contributor, contributor.
Priester, Hans-Joachim, contributor, contributor.
Rammeloo, Stephan F. G., contributor., contributor.
Schmidt, Karsten, contributor, contributor.
Schwanna, André, contributor, contributor.
Sellhorn, Thorsten, contributor, contributor.
Sołtysiński, Stanisław, contributor, contributor.
Spindler, Gerald, contributor, contributor.
Szumański, Andrzej, contributor, contributor.
Urbain-Parleani, Isabelle, contributor, contributor.
Veil, Rüdiger, 1966- contributor, contributor.
Bachner, Thomas, contributor, contributor.
Bayer, Walter, contributor, contributor.
Booth, Richard A., contributor., contributor.
Drygala, Tim, contributor, contributor.
Eidenmüller, Horst, contributor, contributor.
Ekkenga, Jens, contributor, contributor.
Engert, Andreas, contributor, contributor.
Fleischer, Holger, contributor, contributor.
Grunewald, Barbara, contributor, contributor.
Habersack, Mathias, contributor, contributor.
Hirte, Heribert, contributor, contributor.
Huber, Ulrich, contributor, contributor.
Embid Irujo, José Miguel, contributor, contributor.
Kalss, Susanne, contributor, contributor.
Kidyba, Andrzej, contributor, contributor.
Kluiver, H. J. de, contributor, contributor.
Kuhner, Christoph, contributor, contributor.
Lanzius, Tim, contributor, contributor.
Lutter, Marcus, contributor, contributor.
Lutter, Marcus, editor.
Mankowski, Peter, contributor, contributor.
Merkt, Hanno, contributor, contributor.
Micheler, Eva, contributor, contributor.
Miola, Massimo, contributor, contributor.
Mock, Sebastian, contributor, contributor.
Noack, Ulrich, contributor, contributor.
Oelkers, Janine, contributor, contributor.
Paulus, Christoph G., 1952- contributor, contributor.
Pellens, Bernhard, contributor, contributor.
Pentz, Andreas, 1962- contributor, contributor.
Priester, Hans-Joachim, contributor, contributor.
Rammeloo, Stephan F. G., contributor., contributor.
Schmidt, Karsten, contributor, contributor.
Schwanna, André, contributor, contributor.
Sellhorn, Thorsten, contributor, contributor.
Sołtysiński, Stanisław, contributor, contributor.
Spindler, Gerald, contributor, contributor.
Szumański, Andrzej, contributor, contributor.
Urbain-Parleani, Isabelle, contributor, contributor.
Veil, Rüdiger, 1966- contributor, contributor.
Imprint
Berlin ; Boston : De Gruyter, [2011]
Copyright
©2006
Description
1 online resource (701 p.)
Series
European company and financial law review. Special volume ; 1.
Formatted Contents Note
i-iv
Preface
Table of Contents
List of Contributors
Legal capital of public companies in Europe - Executive summary of considerations by the expert group on "Legal Capital in Europe"
Part 1: Elements of Creditor Protection
Minimum Capital in the System of Legal Capital
Raising Cash and Contributions in Kind when forming a Company and for Capital Increases
Capital Maintenance - The regime of the Capital Directive versus Alternative Systems
Disguised Distributions and Capital Maintenance in European Company Law
Director's Duties in the Vicinity of Insolvency - a comparative analysis with reports from Germany, Austria, Belgium, Denmark, England, Finland, France, Italy, the Netherlands, Norway, Spain and Sweden
Grounds for Insolvency and Liability for Delays in Filing for Insolvency Proceedings - Necessary Supplement to Capital Protection
Direct Liability of Controlling Parties (Piercing the Corporate Veil) and Related Legal Constellations
Directors Liability in the Member States of the European Union
Directors' disqualification and creditor protection
Fixed Capital under German Stock Corporation Law and its Significance for the Protection of Investors and Minority Shareholders
Special Rules for Shareholder Loans: Which Consequences Would Arise for Shareholder Loans if the System of Legal Capital Should be Abolished?
Claw-back Rules and Creditors' Protection
The Future of Creditor Protection through Capital Maintenance Rules in European Company Law - An Economic Perspective
Improving Creditor Protection through IFRS Reporting and Solvency Tests
Does contract suffice to protect the creditors of a company and their interests?
Part 2: Single Country Reports
England
Creditor protection through insolvency law in England
France. Working Group on the Share Capital in Europe - French Answers to the Questionnaire
Italy. Legal Capital Rules in Italian Company Law and the EU Perspective
Netherlands. Capital and Capital Protection in The Netherlands: A Doctrine in Flux
Spain. Capital Protection in Spanish Company Law
Poland. A Report on Selected Aspects of Legal Capital under Polish Code of Commercial Companies
USA. Capital Requirements in United States Corporation Law
Life Without Legal Capital: Lessons from American Law
Index
Preface
Table of Contents
List of Contributors
Legal capital of public companies in Europe - Executive summary of considerations by the expert group on "Legal Capital in Europe"
Part 1: Elements of Creditor Protection
Minimum Capital in the System of Legal Capital
Raising Cash and Contributions in Kind when forming a Company and for Capital Increases
Capital Maintenance - The regime of the Capital Directive versus Alternative Systems
Disguised Distributions and Capital Maintenance in European Company Law
Director's Duties in the Vicinity of Insolvency - a comparative analysis with reports from Germany, Austria, Belgium, Denmark, England, Finland, France, Italy, the Netherlands, Norway, Spain and Sweden
Grounds for Insolvency and Liability for Delays in Filing for Insolvency Proceedings - Necessary Supplement to Capital Protection
Direct Liability of Controlling Parties (Piercing the Corporate Veil) and Related Legal Constellations
Directors Liability in the Member States of the European Union
Directors' disqualification and creditor protection
Fixed Capital under German Stock Corporation Law and its Significance for the Protection of Investors and Minority Shareholders
Special Rules for Shareholder Loans: Which Consequences Would Arise for Shareholder Loans if the System of Legal Capital Should be Abolished?
Claw-back Rules and Creditors' Protection
The Future of Creditor Protection through Capital Maintenance Rules in European Company Law - An Economic Perspective
Improving Creditor Protection through IFRS Reporting and Solvency Tests
Does contract suffice to protect the creditors of a company and their interests?
Part 2: Single Country Reports
England
Creditor protection through insolvency law in England
France. Working Group on the Share Capital in Europe - French Answers to the Questionnaire
Italy. Legal Capital Rules in Italian Company Law and the EU Perspective
Netherlands. Capital and Capital Protection in The Netherlands: A Doctrine in Flux
Spain. Capital Protection in Spanish Company Law
Poland. A Report on Selected Aspects of Legal Capital under Polish Code of Commercial Companies
USA. Capital Requirements in United States Corporation Law
Life Without Legal Capital: Lessons from American Law
Index
Summary
Eine Gruppe von deutschen Kennern des Rechts der Kapitalgesellschaften aus Wissenschaft und Praxis hat sich zusammengefunden, um Sinn und Nutzen des festen Kapitals und seiner einzelnen Elemente zu untersuchen. Im vorliegenden Band finden sich, neben einer Zusammenfassung der Ergebnisse, insgesamt 16 Einzeluntersuchungen zu Aspekten des Kapitals in Deutschland und seiner Bezüge zu angrenzenden Rechtsbereichen (z.B. Rechnungslegung, Insolvenz) sowie 7 Berichte zum festen Kapital im Ausland (Frankreich, Großbritannien, Italien, Niederlande, Polen, Spanien und USA).
Europe has known very different systems of company laws for a long time. These differences do not only pertain to the board structures of public companies, where single-tier and two-tier structures can be distinguished, they also pertain to the principles of fixed legal capital. Fixed legal capital is not a traditional ingredient of English and Irish company law and had to be incorpo-rated into these legal systems (only) for public limited companies according to the Second European Company Law Directive of 1976. Both jurisdictions have never really embraced these rules. Against this background, the British Accounting Standards Board (ASB) and the Company Law Centre at the British Institute of International and Comparative Law (BIICL) have initiated and supported a study of the benefits of this legal system by a group of experts led by Jonathan Rickford. The report of this group has been published in 2004. Its result was that legal capital was costly and superfluous; hence, the Second Directive should be repealed. The British government has adopted this view and wants the European Commission to act accordingly. Against this background a group of German and European company law experts, academics as well as practitioners, have come together to scrutinise sense and benefits of fixed legal capital and all its specific elements guided by the following questions: What is the relevant legal concept supposed to achieve?What does it achieve in reality?What criticisms are there?Which proposals or alternatives are available? From the outset the group of experts has endeavoured to cooperate with foreign colleagues, which resulted in very fruitful and pleasant exchanges. This volume contains, besides an executive summary of the results, 16 essays on specific aspects of legal capital in Germany covering also neighbouring fields of law (e.g. accounting, insolvency); 7 reports on fixed legal capital in other jurisdictions (France, Great Britain, Italy, the Netherlands, Poland, Spain and the U.S.A.) addressing the same questions as the essays on German law. The British initiative disapproves of the Second Directive. The Directive does only deal with public limited companies in Europe, which is reflected in the analysis presented here. It is only concerned with the fixed legal capital of public limited companies, not with capital issues of private companies. The study has arrived at a result that differs completely from that of the Rickford group. It verifies the usefulness of the concept of fixed legal capital and wishes to convince the European Commission of the benefits of the Second Company Law Directive.
Europe has known very different systems of company laws for a long time. These differences do not only pertain to the board structures of public companies, where single-tier and two-tier structures can be distinguished, they also pertain to the principles of fixed legal capital. Fixed legal capital is not a traditional ingredient of English and Irish company law and had to be incorpo-rated into these legal systems (only) for public limited companies according to the Second European Company Law Directive of 1976. Both jurisdictions have never really embraced these rules. Against this background, the British Accounting Standards Board (ASB) and the Company Law Centre at the British Institute of International and Comparative Law (BIICL) have initiated and supported a study of the benefits of this legal system by a group of experts led by Jonathan Rickford. The report of this group has been published in 2004. Its result was that legal capital was costly and superfluous; hence, the Second Directive should be repealed. The British government has adopted this view and wants the European Commission to act accordingly. Against this background a group of German and European company law experts, academics as well as practitioners, have come together to scrutinise sense and benefits of fixed legal capital and all its specific elements guided by the following questions: What is the relevant legal concept supposed to achieve?What does it achieve in reality?What criticisms are there?Which proposals or alternatives are available? From the outset the group of experts has endeavoured to cooperate with foreign colleagues, which resulted in very fruitful and pleasant exchanges. This volume contains, besides an executive summary of the results, 16 essays on specific aspects of legal capital in Germany covering also neighbouring fields of law (e.g. accounting, insolvency); 7 reports on fixed legal capital in other jurisdictions (France, Great Britain, Italy, the Netherlands, Poland, Spain and the U.S.A.) addressing the same questions as the essays on German law. The British initiative disapproves of the Second Directive. The Directive does only deal with public limited companies in Europe, which is reflected in the analysis presented here. It is only concerned with the fixed legal capital of public limited companies, not with capital issues of private companies. The study has arrived at a result that differs completely from that of the Rickford group. It verifies the usefulness of the concept of fixed legal capital and wishes to convince the European Commission of the benefits of the Second Company Law Directive.
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Title is part of eBook package: E-BOOK GESAMTPAKET / COMPLETE PACKAGE 2006 De Gruyter
Title is part of eBook package: E-BOOK PACKAGE ENGLISH LANGUAGES TITLES 2006 De Gruyter
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