Description
Book SynopsisThis new work provides integrated analysis of and guidance on the Prospectus Regulation 2017, civil liability for a misleading prospectus, and securities litigation in a European context. The prospectus rules are one of the cornerstones of the EU Capital Markets Union and analysis of this aspect of harmonisation, the areas not covered by the rules, and the impact of Brexit, provides valuable reference for all advising and researching this field.The first Part serves as an introduction to the volume with relevant context. Part II discusses the subjects of Prospectus Regulation from both a legal and economic perspective. Each chapter within Part II focuses on a key subject of the new Prospectus Regulation, providing an in-depth analysis of each issue.Part III of the work explains the domestic law on liability for a misleading prospectus, this issue being omitted from the Regulation. The law and practice in each of the key capital markets centres in Europe is analysed, with the UK chapter covering the issues and possible solutions under Brexit. There is full consideration of conflicts of laws issues with reference to the Brussels I regulation, and the Rome I and II Regulations. The influence of the EU Prospectus rules on private law is also addressed.
Table of ContentsPart I General Aspects 1: Prof. Danny Busch, Prof Guido Ferrarini and Prof. Jan Paul Franx: Introduction 2: Han Teerink: The IPO- and listing process in practice; multiple listings; developments in the IPO-market 3: Prof. Stefano Lombardo: Stabilization and underpricing in IPOs 4: Marieke Driessen: The Prospectus Regulation and other EU legislation - the wider context for prospectuses 5: Prof. Henri Hu: The U.S. Disclosure Paradigm: conventional understandings and modern divergences PART II: PROSPECTUS REGULATION (EU) 2017/1129 6: Prof. Guido Ferrarini & Prof. Paolo Giudici: Transferable securities and the scope of the Prospectus Regulation: The Case of ICOs 7: Prof. Kitty Lieverse: The obligation to publish a prospectus and exemptions 8: Prof. Giovanni Strampelli: The contents of the prospectus: rules for financial information 9: Prof. Victor de Seriere: The contents of the prospectus: non-financial information and materiality 10: Prof. Andrea Perrone: "Light" disclosure regimes: SME's; problems of SME financing in the EU 11: Pim Horsten: "Light" disclosure regimes: secondary issuances 12: Robert ten Have: Prospectus summary and risk factors 13: Dorothee Fischer-Appelt: Prospectus formats and shelf registration 14: Gerard Kastelein & Tom Reutelingsperger: Advertisements 15: Paola Leocani: Omission of information, incorporation by reference, publication and language of the prospectus 16: Prof. Carmine DiNoia & Dr. Matteo Gargantini: Competent authorities, approval of prospectus, notification and sanctions 17: Simon Gleeson: Third countries (including Brexit) PART III: PROSPECTUS LIABILITY 18: Prof. Danny Busch: The influence of the EU Prospectus rules on private law 19: Dr. Matteo Gargantini: Competent Courts of Jurisdiction and Applicable Law 20: Prof. Sebastian Mock: Germany 21: Prof. Dr. Thierry Bonneau: France 22: Prof. Paolo Giudici: Italy 23: Javier Redonet Sánchez del Campo: Spain 24: Prof. Jan Paul Franx: The Netherlands 25: Veronique Hoffeld: Luxembourg 26: Prof. Gerard McMeel: United Kingdom
