000			06803nam a2200229Ia 4500
999			_c36284 _d36284
003			OSt
005			20210330132339.0
008			160316s2014 xxu||||| |||| 00| 0 eng d
020			_a9780199685608
040			_cnls
082			_a346.0922 PAN _bPAN
100			_aPanasar Raj
245			_aEuropean securities law
250			_a2nd
260			_aOxford _bOxford University Press _c2014
300			_a1163p _clxvii
365			_b Rs. 27,507
505			_aCONTENTS List of Contributors Table of Cases Table of Legislation Abbreviations 1 REGULATORY FRAMEWORK IN EUROPE 1. The European Directives Relating to Issue and Trading of Securities Lachlan Burn, Linklaters LLP 1.1 Introduction 1.2 Overview 1.3 Disclosure-Initial and Ongoing 1.4 Investor Protection 1.5 Some Conclusions 2 DOING DEALS IN EUROPE 2. Equity Raj Panasar, Cleary Gottlieb Steen & Hamilton LLP; Angela Berti, Cleary Gottlieb Steen & Hamilton LLP; Luis de Carlos, Urfa Menedez; Javier Redonet, Uria Menendez 2.1 Preparing to Go Public 2.2 Organizing the Transaction and Laying the Ground Rules 2.3 Dealing with the Regulator 2.4 Drafting the Prospectus 2.5 Passporting a Prospectus 3. Debt Offerings and Programmes Mark Trapnell, Freshjields Bruckhaus Deringer LLP; Eric Phillips, Slaughter and May 3.1 Overview 3.2 Types of Commonly Issued Debt Securities 3.3 Types of Offering of Debt Securities 3.4 Preparation of the Prospectus or Base Prospectus-Applicable Regulations 3.5 The Principal Components of a Prospectus or Base Prospectus 3.6 Approval Process for the Prospectus or Base Prospectus 3.7 Prospectus Supplements 3.8 Approval Process for a Prospectus Supplement vii Contents 3.9 Distribucion Arrangements Appendix I- Oudine steps and illustrative cimeline for a debt securities issue-stand-aJone issue Appendix 2-Summary of main differences berween Annex rv and Annex IX of the Prospecrus Directive Regulation Appendix 3-0verview of Annexes to the Prospecrus Directive Regulation reley. to an issue of debt securities under a prospectus or base prospectus 4. Private Placements Charles Howarth, Herbert Smith LLP 4. 1 lntroduccion 4.2 Reasons for a Private Placement over a Prospectus Directive Compliant Offer 4.3 Regulatory Framework 4.4 Pre-emption Righrs 4.5 Structuring a Private Placement 4.6 Liability for Offering Transferable Securides Wi,hoU[ an Approved Prospec[Us 4.7 Structuring a Private Placement under US Law 4.8 Publicity 5. Liability for London Listing Kathy Hughes, Slaughur and May 5.1 LisdngApprovai Process 5.2 Ongoing Reporring Obligations 6. Takeovers and Stakebuilding Tim Lewis, MacFarlanes LLP; Graham Gibb, Macfarlanes LLP 6.1 Introduction , 6.2 Key Takeover Terms 6.3 Prepamion for Takeover-Bidder 6.4 Preparation for Takeover-Target 6.5 The Offer Process 6.6 Using a Scheme of Arrangemenr as an Alternative to a Takeover Offer 6.7 Mandatory Offers 6.8 Hostile Offers 6.9 Addicionallssues with Public to Private Transactions 6.10 Close-out Procedures 7. Special Considerations for Non-EU (ssue" Andrew R Thompson, Cravath. Swaine & Moore LLP 7. 1 Introduction vii i Contents 7.2 Choosing a Home Member State 7.3 Coordinating Offering Aspects 7.4 Coordinating Ongoing Disclosure Requirements 8. Underwriting Practice and Procedure Simon Witty, Davis Polk & Wardwell London LLP; Will Pearce, Davis Polk & Wardwell London LLP; Dan Hirschovits, Davis Polk & Wardwell London LLP 8.1 Introduction 8.2 The Underwriters 8.3 The Underwriting Agreement 8.4 The Agreement Among Underwriters 8.5 Specific Transaction Issues 3 MEMBER STATE REGULATION 9. Austria Florian Khol, Binder Grosswang; Mathias Burger, Binder Grosswang 9.1 Listing Securities in Austria 9.2 The Prospectus 9.3 Continuing Obligations 10. Belgium Jean-Pierre Blumberg, Linklaters LLP; Filip Lecoutre, Linklaters LLP 10.1 Jurisdiction Overview 10.2 Listing Securities in Practice 10.3 Continuing Obligations/Maintaining a Listing in Practice 10.4 Public Takeover Bids 11. D~nmark Christian Lundgren, Kromann Reumert; Pernille Hostrup Dalhoff, Kromann Reumert . 11.1 Process and Timing of Prospectus Approval 1 : 11.2 Passporting Requirements 1: 11.3 Market Stabilization Transactions and Overallotment Facilities 1: 11.4 Takeover Bids and Defensive Measures 1 11.5 Squeeze-outs 11 . 12. Finland Petri Haussila, White & Case LLP; Petri Avikainen, White & Case LLP 12.1 Jurisdiction Overview 12.2 Listing Securities in Practice 12.3 Continuing Obligations IX 1 1 Contents 13. France Marie-Laurence Tibi, Cleary Gottlieb Steen 6-Hamilton LLP 13.1 Listing Securities in Paris 13.2 The Prospectus 13.3 Continuing Obligations 14. Germany Mark Strauch, Freshjields Bruckhans Deringer LLP 14.1 Listing Securities in Germany 14.2 The Prospectus 14.3 Continuing Obligations 15. Ireland Cian McCourt, A6-L Goodbody; Lyndsey Falconer, A6-L Goodbody 15.1 Introduction and Jurisdiction Overview 15.2 Listing and Offering Securities in Practice 15.3 Maintaining a Listing in Practice 16. Italy Pietro Fioruzzi, Cleary Gottlieb Steen 6- Hamilton LLP; Eugenion S. de Nardis, Cleary Gottlieb Steen 6- Ha1lJilton LLP; Nicole B. Puppieni, Cleary Gottlieb Steen 6- Hamilton LLP; Fabio Saccone, Cleary Gottlieb Steen 6- Hamilton LLP 16.1 Listing Securities in Italy 16.2 The Prospectus Obligation 16.3 Continuing Obligations 17. Luxembourg Philippe Hoss, Elvinger, Hoss 6- Prussen 17.1 Listing Securities in Luxembourg 17.2 Listing Securities in Practice 17.3 Continuing Obligations 17.4 Other Information Required 17.5 Major Shareholding Notifications 18. The Netherlands Derk Lemstra, Stibbe N v.; Marius Josephus Jitta, Stibbe N v.; Rogier Raas, Stibbe N V. 18.1 Offering and Listing Securities in the Netherlands 18.2 The Prospectus 18.3 Continuing Obligations Contents 19. Portugal Carlos Costa Andrade, Uria Mem!ndez; Ana Sd Couto, Uria Menendez 19.1 Introduction 19.2 Securities Listings on Regulated Markets in Portugal 19.3 Ongoing Disclosure Obligations 20. Spain Luis de Carlos, Uria Menendez; Marta Rios, Uria Menendez 20.1 Listing Securities in Spain 20.2 The Prospectus 20.3 Continuing Obligations 20.4 Takeover Bids in Spain 21. Sweden Emil Bostrom, Mannheimer Swartling Advokatbyra AB 21.1 Jurisdiction Overview 21.2 Listing Securities in Practice 21.3 Continuing Obligations 22. United Kingdom Raj Panasar, Cleary Gottlieb Steen & Hamilton LLP; Sebastian Cameron, Cleary Gottlieb Steen & Hamilton LLP 22.1 Listing Securities in London 22.2 The Prospectus 22.3 Advertisements and Financial Promotions 22.4 Continuing Obligations 22.5 Market Abuse Index
650			_a1. Securities - European Union Countries
700			_aBoeckman Philip _a
942			_2ddc _cBK