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Principles of Corporate Finance Law

Principles of Corporate Finance Law

Author: Eilis Ferran
Publisher: Oxford University Press
ISBN: 9780199230501
Published In: July 2008
Format: Hardback , 628 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Examines the legal environment that has prompted London's recent success in winning international capital market activity
Explores profound recent changes to the law, including analysis of the UK Companies Act 2006 and the very ambitious EU Financial Services Action Plan (FSAP)
Combines thorough black letter legal analysis with discussion of corporate finance theory and market practice

This book explores the relationship between law and corporate finance. Corporate finance theory seeks to understand how incorporated firms address the financial constraints that affect their investment decisions by using varied financial instruments that give holders different claims on the firm's assets. Recent scholarship in this area explores precisely how legal mechanisms affect corporate finance and the development of financial markets. The legal environment is crucially important in explaining the choices that companies make about their capital structure.

The book examines the key elements of the legal environment relating to corporate finance in the UK. This evolving environment has just undergone a remarkable period of far-reaching change. This was driven in part by the desire of the UK government to modernise its domestic company law, and in part by policy choices at the EU level which rely heavily on the adoption of new regulation to promote closer integration of European financial markets.

In this book, Eilis Ferran provides a detailed analysis of the technical issues arising from the new UK and European law on corporate finance, and combines this with exploration of the broader policy framework and with cutting edge research.

Readership: Students and scholars of corporate finance law and corporate governance. Interested practitioners and policymakers.

1: THE REGULATORY FRAMEWORK
2: USE AND ABUSE OF THE CORPORATE FORM
3: CAPITAL STRUCTURE
4: FORMATION OF SHARE CAPITAL
5: SHARE ALLOTMENTS
6: RIGHTS ATTACHING TO SHARES
7: MAINTENANCE OF CAPITAL
8: DISTRIBUTIONS TO SHAREHOLDERS
9: SHARE-BUYBACKS AND REDEEMABLE SHARES
10: FINANCIAL ASSISTANCE
11: UNSECURED DEBT
12: SECURED DEBT
13: PUBLIC OFFERS OF SECURITIES
14: INTERNATIONAL EQUITY OFFERINGS
15: BONDS

Eilís Ferran, Professor of Company and Securities Law, University of Cambridge and Fellow of St. Catharine's College Cambridge