Directive 2004/25/EC on takeover bids: article 9 (board neutrality)

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Directive 2004/25/EC on takeover bids: article 9 (board neutrality) (EN)

Karagkouni, Antonia (EN)

Papadopoulos, Thomas (EN)

masterThesis

2017-05-11T08:28:33Z
2017-05-10
2017-05-11
2017-05-12T00:00:30Z


This dissertation was written as part of the L.L.M. in Transnational and European Commercial Law, Mediation, Arbitration and Energy Law at the International Hellenic University. This paper examines the article 9 of the Directive 2004/25/EC on Takeover Bids which refers to the board neutrality. First of all, there is a need to examine the Directive and its provisions generally in order to have a complete picture of what regulates. Subsequently analyzes the principles and rules which govern, including Article 9 on the board neutrality. The Directive on Takeover Bids regulates the conduction of takeover bids by rules that apply to all cross border takeover bids, it gives legal certainty to the Member States and the companies generally and ensures safety in the course of trade . This safety increases competition and facilitates cross border takeover bids. With regard to the board neutrality rule detailed in Article 9 of the Directive, this protects the bid and more specifically the frustration of the bid. That’s why Bartman 1 believes that the term “non - frustration rule” fits better in Article 9 than the term “board neutrality rule”. This rule requires the prior authorization of the general meeting of shareholders to the board before action. (EN)

Tender offers (Securities)--Law and legislation--Europe
Consolidation and merger of corporations--Law and legislation--European Union countries
European Parliament.--Directive 2004/25/EC of the European Parliament and of the Council of 21 April 2004 on takeover bids

Offeror (EN)
Equitable price (EN)
Offeree (EN)
Takeover bid (EN)
Securities (EN)

English

School of Economics, Business Administration and Legal Studies, LLM in Transnational and European Commercial Law, Mediation, Arbitration and Energy Law
IHU (EN)

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