Unternehmenspublizität

Based on an introduction dealing with developmental history and comparative law in the E.U. and in the U.S.A. as well as an outline of the economic factors, Hanno Merkt lays a legal and dogmatic foundation for corporate disclosure. Using capital market disclosure as his point of departure, he establishes protection of the individual and of market functions as the main functional and dogmatic pillars of disclosure. He then outlines an extensive system of corporate disclosure in which on the one hand market chronology, and on the other hand the intensity of the demands made on the market are the central parameters for content and extent of the disclosure by the corporation. On the basis of these reflections, Hanno Merkt makes suggestions for the prevailing practice and the law in force for corporate disclosure.