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This is a comprehensive look at the challenges legislators face in regulating related party transactions in a socially beneficial way.
Corporate governance encompasses the free enterprise system, which is treated comprehensively in this book from a German perspective. This distinguishes the book from other books written in English in this subject area, not only because of the comprehensive way it covers German corporate law and corporate governance, but also because of the fact that it provides international and European perspectives on these important topics. This second edition is an extensively revised and updated version of the first edition, in particular with a view to the worldwide debt crisis. The authors provide readers with an overview of the unique features of German business and enterprise law and an in-depth an...
Few countries have caused or experienced more calamities in the 20th century than Germany. The country emerged from the Cold War as a newly united and sovereign state, eventually becoming Europe's indispensable partner for all major domestic and foreign policy initiatives. This handbook provides a comprehensive overview of some of the major issues of German domestic politics, economics, foreign policy, and culture by leading experts in their respective fields. This book serves primarily as a reference work on Germany for scholars and an interested public, but through this broader lens it also provides a magnifying glass of global developments which are challenging and transforming the modern state. The growing importance of Germany as a political actor and economic partner makes this endeavor all the more timely and pertinent from a German, European, and global perspective.
The technology and application of artificial intelligence (AI) throughout society continues to grow at unprecedented rates, which raises numerous legal questions that to date have been largely unexamined. Although AI now plays a role in almost all areas of society, the need for a better understanding of its impact, from legal and ethical perspectives, is pressing, and regulatory proposals are urgently needed. This book responds to these needs, identifying the issues raised by AI and providing practical recommendations for regulatory, technical, and theoretical frameworks aimed at making AI compatible with existing legal rules, principles, and democratic values. An international roster of authors including professors of specialized areas of law, technologists, and practitioners bring their expertise to the interdisciplinary nature of AI.
Die Vergabe von Krediten und deren Besicherung spielt in der allt„glichen Banken- und Unternehmenspraxis eine auáerordentlich wichtige Rolle. Besonders die gesetzlich nicht geregelte Patronatserkl„rung gewinnt als Sicherungsmittel, mit ihren vielen verschiedenen Erscheinungsformen und vielschichtigen Anwendungsm”glichkeiten, stetig an Bedeutung. Viele Eigenschaften der Patronatserkl„rung sind jedoch auch gut 50 Jahre nach ihrer Entwicklung immer noch Auslegungssache und wurden mitunter von verschiedenen Gerichten widersprchlich bewertet. Gerade weil die Patronatserkl„rung also nicht gesetzlich geregelt ist, und immer noch einer stetigen Entwicklung und Definition unterliegt, ist es sinnvoll sich erneut mit ihr zu besch„ftigen. Dazu wird die Patronatserkl„rung in diesem Buch in einen Vergleich mit der Brgschaft gestellt, da diesen beiden Sicherungsformen eine Žhnlichkeit nachgesagt wird. Die Autorin analysiert dazu, die am h„ufigsten verwendeten Erscheinungsformen, geht auf die Fragen der Haftung und der Wirkung ein und stellt die Vor- und Nachteile fr alle Beteiligten heraus.
Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.
Diploma Thesis from the year 2006 in the subject Law - Comparative Legal Systems, Comparative Law, grade: 1,3, University of Augsburg (Prof. Dr. Möllers), course: Diplomarbeit, language: English, abstract: The economic analysis of the duty of ad-hoc disclosure and related issues in this paper led to the following conclusions: Due to information asymmetries between issuers and investors, a regula-tion of the rules of disclosure is necessary, which reduces the incentive for individual investors to costly gather information, and transfer this in-formation process onto issuers. The legislator‟s goal for such reason can be found in the safeguarding of capital market efficiency as to both corre...
It is thirteen years since the appearance of the successful second edition of this convenient English-language introduction to the law of Germany. This new edition covers all the significant changes and innovations that have occurred during that period, encompassing the pervasive impacts of European Union law and of globalization, as well as the greatly increased activity of the German legislature in every area addressed in this volume. With fifteen lucid chapters written by academic experts in their respective fields of law, as well as detailed bibliographies, this is the ideal starting point for research whenever a question of German law must be answered. The authors clearly explain the le...
Investigates mechanisms in English and German law that protect creditors against the abuse of limited liability by directors and shareholders.