Analysis of legal approaches to hostile corporate takeover in the EU with an emphasis on Germany

Т. Anakina; D. Honcharenko

Т. Anakina Yaroslav the Wise National Law University
D. Honcharenko Central European University

Keywords: hostile takeover, a mandatory takeover offer, the board neutrality rule, the breakthrough rule, the mandatory bid rule

Abstract

The article is dedicated to the analysis of legal approaches to the hostile corporate takeovers in the EU and Germany laws. The paper study
such innovative provisions of the EU Takeover Directive of 2004, as the board neutrality rule, the breakthrough rule and the mandatory bid rule and its modern German law on takeover activities. Particular attention is drawn to the reflection of the Directive provisions on hostile takeovers in the Act on the Acquisition of Securities and Takeovers in Germany 2001.

Author Biographies

Т. Anakina, Yaroslav the Wise National Law University

PhD, Associate Professor at the International Law Department

D. Honcharenko, Central European University

LLM in International Business Law

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