Anlegerschutz Beim Regularen Delisting
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Home > Law > Laws of specific jurisdictions > Company, commercial and competition law: general > Company law > Anlegerschutz Beim Regularen Delisting: Unter Besonderer Berucksichtigung Empirischer, Rechtsvergleichender Und Rechtsokonomischer Untersuchungen
Anlegerschutz Beim Regularen Delisting: Unter Besonderer Berucksichtigung Empirischer, Rechtsvergleichender Und Rechtsokonomischer Untersuchungen

Anlegerschutz Beim Regularen Delisting: Unter Besonderer Berucksichtigung Empirischer, Rechtsvergleichender Und Rechtsokonomischer Untersuchungen


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About the Book

English summary: Investor Protection During Regular Delisting The author demonstrates that, under the provisions of 39, paragraphs 2 to 6, of the German Stock Exchange Act (BorsG) (Delisting), majority shareholders may systematically shift shareholder value to their advantage. Potential losses for minority shareholders are quantified, particularly due to the exclusion of option values inherent in share ownership. Proposed reforms include dynamic methods for determining shareholder compensation in cases where listed companies go dark. German description: Die gesetzliche Regelung des 39 Abs. 2 bis 6 BorsG normiert die Voraussetzungen fur den freiwilligen Ruckzug borsennotierter Aktiengesellschaften von der Borse (regulares Delisting). Der Autor befasst sich mit der Frage, inwieweit die gesetzliche Regelung dem gesetzgeberischen Ziel eines umfassenden Anlegerschutzes gerecht wird. Nach einer statistischen Quantifizierung moglicher durch das regulare Delisting verursachter Vermogensverluste fur Minderheitsaktionare, zeigt der Autor u.a. die fehlende Berucksichtigung eines mit der Aktie erworbenen Optionswertes auf. Diese Problematik ist ebenso bei der Aufgabe der mitgliedschaftlichen Stellung des Aktionars bei Strukturmassnahmen zu finden. Den Kern der Reformvorschlage bilden u.a. dynamische Verfahren zur Bemessung der Gegenleistung, die ein systematisches Verschieben von Aktionarsvermogen unter dem Schutz des 39 Abs. 2 bis 6 BorsG verhindern sollen. Rechtsvergleiche mit den USA und Grossbritannien tragen zur Losungsentwicklung bei.


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Product Details
  • ISBN-13: 9783428192564
  • Publisher: Duncker & Humblot
  • Publisher Imprint: Duncker & Humblot
  • Language: German
  • Returnable: N
  • Weight: 607 gr
  • ISBN-10: 3428192567
  • Publisher Date: 12 Feb 2025
  • Binding: Paperback
  • No of Pages: 416
  • Sub Title: Unter Besonderer Berucksichtigung Empirischer, Rechtsvergleichender Und Rechtsokonomischer Untersuchungen


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Anlegerschutz Beim Regularen Delisting: Unter Besonderer Berucksichtigung Empirischer, Rechtsvergleichender Und Rechtsokonomischer Untersuchungen
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