Law

Issues and Challenges in Corporate and Capital Market Law: Germany and East Asia

Ed. by Holger Fleischer, Hideki Kanda, Kon Sik Kim, and Peter Mülbert

[Themen und Herausforderungen im Gesellschafts- und Kapitalmarktrecht: Deutschland und Ostasien.]

eBook PDF
ISBN 978-3-16-156210-5
Open Access: CC BY-SA 4.0
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Published in English.
This volume offers a broad comparative analysis of foundational company law topics in Germany, China, Japan and South Korea. It examines issues of corporate divisions and valuation of shares and its procedure and analyses the civil liability of the company and its directors for false financial statements als well as the corporate law rules on the squeeze-out of minority shareholders.
This volume is based on presentations delivered at a symposium held in March 2016 at the University of Tokyo. It seeks to reinvigorate the scholarly exchange which can be traced back to the late 19th century between company law academics in Germany, China, Japan and South Korea. Contributions from all four jurisdictions include papers on corporate divisions and valuation of shares and its procedure as well as studies on the civil liability of the company and its directors for false financial statements and the corporate law rules on the squeeze-out of minority shareholders.
Survey of contents
I. Corporate Divisions (or more generally, Umwandlung)
Rüdiger Veil: The German Law on Transformation – Ruoying Chen: Corporate Division: Rules and Practice in China – Hyeok-Joon Rho: Statutory Corporate Divisions in Korea – Koji Funatsu: Creditor Protections in Company Splits in Japan

II. Valuation of Shares and Its Procedure
Lars Klöhn: Exit Rights, Shareholder Compensation and the Valuation of Shares in German Stock Corporation Law – Ok-Rial Song: Valuation of Shares in Korean Corporate Law

III. Civil Liability of the Company and Its Directors when Financial Statements are False
Klaus Ulrich Schmolke: Civil Liability of the Company and Its Directors for False Financial Statements under German Law – Li Guo: General Trends of Misrepresentation Litigation in China – Sunseop Jung: Civil Liability of the Company and Its Directors – Takahito Kato: A Recent Transformation of the Japanese Civil Liability System against Fraudulent Disclosure in Secondary Market

IV. Corporate Law Rules on Squeeze-out of Minority Shareholders
Jens Koch: Corporate Law Rules on Squeeze-out of Minority Shareholders – Jiangyu Wang: Squeeze-out (or the Lack Thereof) in the Regulation of Corporate Mergers in China – Moon Hee Choi: Corporate Law Rules on Squeeze-outs in Korea – Eiji Takahashi: Is the Regime of Japanese Squeeze-out of Minority Shareholders Constitutional?
Authors/Editors

Holger Fleischer ist Direktor am Max-Planck-Institut für ausländisches und internationales Privatrecht in Hamburg.

Hideki Kanda is emeritus Professor at the University of Tokyo and Professor at the Gakushuin University Law School, Japan.

Kon Sik Kim is Professor of Commercial Law at the Seoul National University School of Law, Korea.

Peter Mülbert is Professor of Civil Law, Commercial and Banking Law; Fellow, Gutenberg Research College, and Director of the Center for German and International Law of Financial Services at the University of Mainz.

Reviews

The following reviews are known:

In: — 2019, 283–286 (Moritz Bälz)