February 19, 2003
Paris partner Laurent Faugérolas authored a chapter in a recently published finance book entitled Capital Markets and Company Law. Mr. Faugérolas’s chapter, “Impact of Take-overs and their Regulation on French Company Law and Practice” focuses on launching a tender offer and complying with company interest, and adapting the principle of company interest to comply with the specific features of stock market law.
Paris partner Laurent Faugérolas authored a chapter in a recently published finance book entitled Capital Markets and Company Law. The book, published by Oxford University Press and edited by Klaus J. Hopt and Eddy Wymeersch, investigates the relationship between company law, securities markets and securities regulations. Mr. Faugérolas’s chapter, “Impact of Take-overs and their Regulation on French Company Law and Practice” focuses on launching a tender offer and complying with company interest, and adapting the principle of company interest to comply with the specific features of stock market law. He discusses the fundamental principles of French company law as well as tender offer regulations in light of company interest. Mr. Faugérolas also provides an analysis of the impact on regulating tender offers from listed companies, with a discussion on the underlying principles and features of tender offer regulations. He particularly examines the aim of the standing market offer (Garantie de Cours), the buyout and the impact of recent reforms. The chapter section on comparing company law with tender offer regulations covers preventative self-defense measures accepted by company law and means of action during a tender offer period such as the issuing of capital and the extraordinary meeting of shareholders. Mr. Faugérolas is a partner in Willkie’s Corporate and Financial Services Department in Paris, specializing in takeovers, mergers and acquisitions, IPOs, and global offerings.