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KDEC 9605 - European Law of corporate governance and capital markets

Type d'enseignement : Seminar

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

Students should have a good understanding of corporate law and a basic knowledge of capital markets law.

Course Description

The course provides an overview on European law (directives and regulations as well as case law) on corporate governance and capital markets.

Teachers

LANGENBUCHER, Katja C. (Professeur à la Goethe Universitat)

Pedagogical format

The class combines elements of lecture and class exercise.

Course validation

The course will be graded on the basis of (1) a presentation by each student (details of which will be discussed on the first day of class) and (2) contrôle continu.

Workload

Various readings are required for the class as well as active and constructive participation during the class.

Required reading

  • 2nd session / Action Plan of 12 December 2012 (general corporate governance framework)
  • Action Plan of 21 May 2003 (general corporate governance framework)
  • Green Paper of 5 April 2011 COM(2011) 164 final (general corporate governance framework)
  • Proposal COM(2015)616 final of 3 December 2015 (company law)
  • 3rd session : Directive 2006/46/EC of 14 June 2006 (corporate governance statement, definition of a related party as set out in IAS)

Additional required reading

  • Commission Recommendation of 15 February 2005 (role of non-executive/supervisory directors of listed companies)
  • 4th session : Directive 2013/36/EU of 27 June 2013 (bank corporate governance)
  • 5th session : ECJ C-483/99; C-503/99; C-98/01; C-174/04; C-112/05; C-326/07; C-171/08; C-543/08; C-212/069 (golden shares); ECJ C-101/08 Audiolux (majority/minority shareholders)
  • Directive 2007/36/EC of 11 July 2007 (shareholder rights)
  • Proposal COM (2014/213 final (shareholder rights)
  • 6th session : Directive 2007/36/EC of 11 July 2007 (shareholder rights)
  • 7th session : Directive 2013/50/EU of 22 October 2013 (transparency directive)
  • Directive 2006/46/EC of 14 June 2006 (annual accounts)
  • 8th session : ECJ 384/02 (Grøngaard and Bang); ECJ C-45/08 (Spector Photo Group); ECJ 19/11 (Geltl/Daimler); ECJ C-628/13 (Lafonta)
  • 9th session : Regulation (EU) No. 596/2014 of 16 April (Market Abuse)
  • 10th session : Regulation (EU) No. 596/2014 of 16 April (Market Abuse)
  • ECJ C-445/09 (IMC Securities); ECJ C-391/04 (Georgakis)
  • 11th session : Regulation (EU) No. 596/2014 of 16 April (Market Abuse)
  • 12th session : Directive 2004/25/EC of 21 April 2004