Foreign Takeover Bids in China and the Netherlands A Comparative Study of Its Legislative Design.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Du, Du
Formato: Electrónico eBook
Idioma:Inglés
Publicado: The Hague : Boom Uitgevers Den Haag, 2020.
Temas:
Consolidation and merger of corporations > Law and legislation.
Investments, Foreign > Law and legislation.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Intro
  • Acknowledgement
  • Abbreviations
  • Tables and Figures
  • Table of Contents
  • I Introduction
  • 1 Background
  • 2 Scope
  • 2.1 Why foreign takeover bids?
  • 2.2 Why state regulations of FDIs and corporate and securities laws?
  • 2.2.1 State regulations of FDIs
  • 2.2.2 Corporate and securities laws
  • 2.3 Why China and the Netherlands?
  • 3 Methodology
  • 3.1 Doctrinal approach
  • 3.2 Comparative approach
  • 4 Scientific and societal relevance
  • 5 Outline
  • II Theoretical Framework
  • 1 Introduction
  • 2 Why do takeovers occur: corporate law and economic perspectives
  • 2.1 Defining the agency problem
  • 2.2 Takeovers: driven by the agency problem
  • 2.3 Takeovers: a potential antidote for the agency problem
  • 3 The fear of foreign ownership
  • 3.1 Effects on local employment
  • 3.2 Effects on assets of strategic importance and domestic economic network
  • 3.3 Effects on high-tech competitiveness
  • 3.4 A remark: reflecting upon the fear of foreign ownership
  • 4 The role of corporate and securities laws
  • 4.1 Shareholders protection
  • 4.2 Contestability determination
  • 4.3 Power allocation
  • 4.4 Interaction between corporate governance and foreign takeovers
  • 5 The role of the state in regulating foreign takeovers
  • 5.1 State regulations of FDIs
  • 5.2 State intervention and protectionism
  • 5.3 Keep the regulatory power of the state under control
  • 6 Conclusion: building up the comparative framework
  • III Legislative Designs of Foreign Takeover Bids in China
  • 1 Introduction
  • 2 Regulatory framework of foreign takeover bids
  • 2.1 Sources of law
  • 2.2 Main regulatory authorities
  • 3 The role of state regulation
  • 3.1 Industrial policies and the sector-based review
  • 3.1.1 An ""industry catalogue plus strict approval"" approach
  • 3.1.2 Exploring and promoting a ""negative list plus pre-establishment national treatment"" approach
  • 3.1.3 Implications of the deregulated approach
  • 3.2 National security-based review
  • 3.2.1 A gradually established national security review regime for foreign investments
  • 3.2.2 The operation of the national security review
  • 3.2.3 Reflecting upon the national security review regime
  • 4 China's stock market reforms
  • 4.1 An increasingly unified stock market
  • 4.1.1 The integration of A-shares and B-shares
  • 4.1.2 The conversion from non-tradable shares to tradable shares
  • 4.2 An increasingly open stock market for foreign investors
  • 4.2.1 From establishing an enterprise to purchasing B-shares
  • 4.2.2 From the B-share market to the A-share market
  • 4.2.3 From a trivial stake to a controlling stake
  • 4.3 Summary: preconditions for the emergence of foreign takeover bids are gradually met
  • 5 The role of corporate and securities laws
  • 5.1 Typologies of takeover bids
  • 5.2 Procedure of takeover bids and corresponding requirements
  • 5.2.1 Pre-tender phase
  • 5.2.2 Tender phase

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