The STUDIA UNIVERSITATIS BABEŞ-BOLYAI issue article summary

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    STUDIA IURISPRUDENTIA - Issue no. 4 / 2011  
         
  Article:   THE MANDATORY BID RULE.

Authors:  . 		 
       
         
  Abstract:  The mandatory bid rule. A strong economy always boasts a strong stock market. The purpose of this article is to raise awareness towards the importance of capital markets, by referring to the obligations arising for a shareholder when taking over a listed company, with a particular focus on the mandatory bid rule. The mandatory bid rule is being discussed both in the light of Directive 2004/25/EC and of Romanian Law 297/2004 on capital markets, analyzing its application, the notion of control it implies, its deterrent effect upon investors, in an incentive to evaluate its (in)efficiency. This article should be a first step in promoting this underrated subject into a circle of intense legal debate.

Key words: stock market, capital market, mandatory bid rule, takeovers, target company, major shareholder, Directive 2004/25/EC, Law 297/2004 creeping-in. 

 
         
     
         
         
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