The Law of Corporate Finance: General Principles and EU Law: Volume III: Funding, Exit, Takeovers

152 5 Equity and Shareholders’ Capital The 1984 Revised Model Business Corporation Act (RMBCA) follows a simp- le balance sheet ...

5.4 The Legal Capital Regime Under EU Company Law 153 holders’ perceived risk. The quality of investor protection is generally a ...

154 5 Equity and Shareholders’ Capital Furthermore, the existence or absence of the legal capital regime does not change the fac ...

5.4 The Legal Capital Regime Under EU Company Law 155 ies, managers, or shareholders. Members of the firm’s corporate bodies may ...

156 5 Equity and Shareholders’ Capital procedures, and forces them to pay for expert reports and legal advice.^115 There are als ...

5.4 The Legal Capital Regime Under EU Company Law 157 discretion. (a) Member States were made able to permit public limited-liab ...

158 5 Equity and Shareholders’ Capital ers: “... the SPE may, on the basis of a proposal of the management body, make a distribu ...

5.5 Strategic Choices 159 A privately-owned business can choose from many enterprise forms. The choice of enterprise form affect ...

160 5 Equity and Shareholders’ Capital In addition, securities may not be admitted to trading on a regulated market in the EU un ...

5.5 Strategic Choices 161 give it a higher public profile, increase sales, reduce the perceived risk of its contract parties, an ...

162 5 Equity and Shareholders’ Capital sell the business to a private-equity firm or an industrial enterprise than to go public. ...

5.6 Legal Aspects of Equity Provided by Shareholders 163 shareholders can benefit from temporary market bubbles by selling share ...

164 5 Equity and Shareholders’ Capital The rights of shareholders attaching to shares. To begin with, the juridical nature of th ...

5.6 Legal Aspects of Equity Provided by Shareholders 165 By managing shareholders’ economic rights, the firm can manage the dist ...

166 5 Equity and Shareholders’ Capital companies has nevertheless usually been higher than the valuation of listed German compan ...

5.6 Legal Aspects of Equity Provided by Shareholders 167 In a partnership, partners have unlimited liability. In company law, so ...

168 5 Equity and Shareholders’ Capital meeting, see above), as well as to potential investors or the public. Financial informati ...

5.6 Legal Aspects of Equity Provided by Shareholders 169 capital;^149 the withdrawal of shareholders right of pre-emption;^150 t ...

170 5 Equity and Shareholders’ Capital limited-liability company can be freely transferable, there can be shares the transferabi ...

5.6 Legal Aspects of Equity Provided by Shareholders 171 5.6.3 Shares in Partnerships A partnership is a type of business entity ...