1. Takeover Law in the UK, the EU and China : State Interests, Market Players, and Governance Mechanisms
- Author
-
Joseph Lee and Joseph Lee
- Subjects
- Consolidation and merger of corporations--Law and legislation--China, Consolidation and merger of corporations--Law and legislation--European Union countries, Consolidation and merger of corporations--Law and legislation--Great Britain
- Abstract
This book investigates stakeholders'interests, market players, and governance models for the takeover market in the changing global economic orders. Authors from the UK, Germany, the Netherlands, Australia, and China discuss takeovers in the context of China as a rising power in the global M&A market and re-examine takeover as an efficient method for corporate competition, consolidation, and restructuring. China has come to embrace takeovers as a market practice and is seeking directions for further reforms of its law, regulatory model, and banking system in order to compete with other economic powers. Yet, China is at a very different economic development stage and has different legal and political structures. State-owned enterprises dominate the Shanghai and Shenzhen stock markets – a very different landscape from UK and European exchanges. Researchers and policy makers are currently developing options in response to needs for reform. Recently, China has also announced the opening of its financial markets to foreign ownership. This book reflects on the UK and European models and focuses on the policy choices for China to transform its capital market. The book is of interest to postgraduate students and researchers (LLM, PhD, postdocs), law and management/finance academics, and policy makers.
- Published
- 2021