The non-frustration rule of the UK City Code on Takeover and Mergers and related agency problems: What are the implications for the EC Takeover Directive?

• Main Author: LIU, Han-wei
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: Takeover Directive; UK City Code on Takeovers and Mergers; agency cost; European Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/4428; https://ink.library.smu.edu.sg/context/sol_research/article/6386/viewcontent/SSRN_id1649308.pdf
• Institution: Singapore Management University

The Takeover Directive, first envisioned in the White Paper on completing the Internal Market, was finally adopted in 2004, after almost 20 years of work. The Takeover Directive is based upon the assumption that the takeover offers numerous benefits to companies, investors, and, ultimately, the Euro...