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Article
Takeover Regulation in the United States and Europe: An Institutional Approach
Pace International Law Review
  • William Magnuson, Texas A&M University School of Law
Document Type
Article
Publication Year
2009
Abstract

While convergence may be the word of the day in corporate governance, it is noticeably absent in takeover regulation. The United States and Europe have adopted strongly dissimilar laws governing the process and substance of hostile tender offers, and their respective paths seem to be diverging rather than converging. This paper argues that much of this difference can be explained by process and institutional competency: courts have played the primary role in the development of American law, while political actors dominated the E.U. adoption of the Takeover Directive.

Disciplines
Citation Information
William Magnuson. "Takeover Regulation in the United States and Europe: An Institutional Approach" Pace International Law Review Vol. 21 (2009) p. 205
Available at: http://works.bepress.com/william_magnuson/8/