Legal Harmonization and the Business Enterprise

Corporate and Capital Market Law Harmonization Policy in Europe and the U.S.A.

Richard M. Buxbaum, Klaus J. Hopt

• Verlag: De Gruyter
• Jahr: 2013
• ISBN:
  9783110868838
• Auflage: 1
• Thema: Jura
• Thema: Völkerrecht

Inhaltsverzeichnis

• General Editors’ Foreword
• Acknowledgements
• Table of Cases
• Table of Constitutional, Treaty and Legislative Provisions
• List of Abbreviations
• Chapter One: Introduction - Models of Inquiry
• I. The Search for a Rational Division of Powers
• A. Quantitative Criteria
• B. Formal Criteria
• C. The Relevance of Constitutional Text and Context to the Choice of Criteria
• II. Economic Considerations Underlying the Division of Powers in the Field of Corporate and Enterprise Law
• A. The Public Choice Approach
• B. The Productivity of Integration Approach
• C. The Nature of the State and the Unification of Law
• III. The Political Frame of Reference
• A. The European Political Frame of Reference
• B. The American Political Frame of Reference
• IV. Conclusion
• Chapter Two: The American Experience
• I. Introduction
• II. The Factual Setting for the State Regulation of Trans-State and Transnational Company Activities: An Introduction and Census
• III. The American Constitutional Framework of Corporation Law
• A. Introduction
• B. Division of Powers
• C. The Search for a Substantive Rationale of Federal Supremacy
• IV. Division of Powers and Traditional Corporation Law
• A. The Conflict of Laws
• B. The Twentieth Century Struggle Against Traditional Conflicts Doctrine
• C. The Constitutional Debate: Conflicts of Obeisance and the Role of the Full Faith and Credit Clause
• D. The Constitutional Issue
• V. Voluntary and Substantive Uniformity Among State Corporation Laws: “Harmonization from Below”
• A. Introduction and Early History
• B. Major Components of the Majoritarian and Managerialist Enabling Act
• C. The Center and the Periphery: State Blue Sky and Related Securities Regulation
• VI. The Corporation Within the Polity: Protection or Apotheosis?
• A. The Impact of Bellotti
• B. Free Speech and Corporate Management
• VIl. Conclusion
• Chapter Three: European Attempts to Harmonize Company and Capital Market Law
• I. National Regulation of Transnational Corporations: Facts and Developments
• A. The Nature of Transnational Corporate Activity
• B. The Development of Different National Company and Capital Market Laws
• II. Aims, Bases and Expectations of Harmonization of Company and Capital Market Laws in Europe
• A. Aims
• B. Bases
• C. Expectations in Community Law - Failure of National Laws
• III. Methods and Tools for Integration of Company and Capital Market Law
• A. Indirect Methods and Tools
• B. Legal Integration Through Community Company and Capital Market Law
• IV. Status, Difficulties and Prospects of Integration
• A. The State of Harmonization of Company and Capital Market Law: A Preliminary Table of Contents
• B. Difficulties of Integration: The Example of Worker Participation on Company Boards (Codetermination)
• C. Prospects for Integration
• Chapter Four: The Legal Problems in Their Social Context
• I. Harmonization of Company Law - At Which Level?
• A. The Ongoing Process of Harmonization by European Community Directives
• B. The Judicial Role in Harmonization
• C. The States’ Statutory Role in Harmonization
• D. The Harmonization Process and the Public Choice Model
• II. The Causes of Failure of Harmonization at the Member State or Community Level
• A. The History of Accounting Law Harmonization
• B. Accounting Law Harmonization and Economic Models
• C. Securities Regulation and the Models
• D. The Process of Harmonization and the Models
• III. Harmonization of Law on the Basis of Priorities Derived from Non- Economic Values
• A. Substantive Values and Value Disputes and Harmonization Efforts
• B. Process Consensus and Harmonization Efforts
• C. Methods and Tools of Harmonization in Politically Fragmented Areas
• References
• Index