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Pettet's Company Law: Company Law and Corporate Finance 4th edition [Mīkstie vāki]

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  • Formāts: Paperback / softback, 664 pages, height x width x depth: 237x171x33 mm, weight: 1068 g
  • Sērija : Longman Law Series
  • Izdošanas datums: 26-Apr-2012
  • Izdevniecība: Pearson Education Limited
  • ISBN-10: 1408272830
  • ISBN-13: 9781408272831
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Pettet's Company Law: Company Law and Corporate Finance 4th editionPalielināt
  • Formāts: Paperback / softback, 664 pages, height x width x depth: 237x171x33 mm, weight: 1068 g
  • Sērija : Longman Law Series
  • Izdošanas datums: 26-Apr-2012
  • Izdevniecība: Pearson Education Limited
  • ISBN-10: 1408272830
  • ISBN-13: 9781408272831
Citas grāmatas par šo tēmu:
Permanent link: https://www.kriso.lv/db/9781408272831.html
Keywords:
Pettet, Lowry & Reisberg's Company Lawoffers a sophisticated and comprehensive overview of company law doctrine coupled with thorough analysis of the context within which the black letter rules operate. Company Law provides analysis of the theories, policies and wider social, economic and political influences which underpin the legal principles. The authors present the complexities of the subject in a clear, highly readable manner which is accessible and manageable for students.

Recenzijas

"John Lowry and Arad Reisberg rise more than admirably to the task of assimilating, explaining and analysing this vast corpus of legal material. The text is pellucidly clear, analytically précis, judicious in its balance in dealing with the various topics, comprehensive, and always cognisant of the policy issues. The contributors have done justice to the legacy of Pettet's previous editions." Professor Dan Prentice, Oxford, UCL and Erskine Chambers A must-have book for anyone teaching and/or having an interest in Company Law. It is written in an engaging and clear style, and manages to make an otherwise dry subject rather lively and topical without compromising on the detail of the substantive law.  Dr Renginee Pillay, University of Surrey

An excellent homage to Pettet. An intelligent and literary read. Useful and comprehensive.  Dr Paul Omar, University of Sussex

For anyone interested in, or studying, company law, Pettet's Company Law: Company and Capital Markets is an invaluable text For an area of law which is notoriously complex, [ it is] lucidly written.  It provides both a thought-provoking and engaging consideration of the law. Student Law Journal, review of a previous edition

Preface to the fourth edition xx
Preface to the first edition xxi
Foreword to the third edition xxiii
Acknowledgements xxiv
Table of cases
xxv
Table of statutes
xl
Table of statutory instruments
lvi
Table of European legislation
lx
1 Treaties and conventions lx
2 Secondary legislation lx
Part I Foundation and theory
1(86)
1 The nature of company law
3(29)
1.1 Preliminary
3(1)
1.2 Rationale, abstract and agenda
4(4)
1.3 Scope of this work
8(1)
1.4 The genesis of company law
9(1)
1.5 The present companies legislation
10(1)
1.6 European community legislation
11(4)
A The harmonisation programme
11(1)
B The company law programme: UK implementation
11(3)
C The EC Commission's company law action plan
14(1)
1.7 Company law, corporate law or corporations law?
15(1)
1.8 Focus - the main business vehicle
15(3)
A Company limited by shares
15(1)
B Public or private
16(1)
C Small closely-held and dispersed-ownership companies
17(1)
D The Company Law Review and law reform
18(1)
1.9 Other business vehicles
18(5)
A Other types of companies
18(2)
B Other organisations and bodies
20(1)
C Partnerships
21(2)
1.10 Reform mechanisms
23(9)
A Modern company law
23(1)
B The agencies of company law reform
23(4)
C The 1998 review
27(3)
D The Companies Act 2006
30(2)
2 Corporate entity, limited liability and incorporation
32(25)
2.1 Corporate entity
32(8)
A The `Salomon' doctrine
32(1)
B Piercing the corporate veil
33(3)
C Corporate liability for torts and crimes
36(4)
2.2 Limited liability
40(6)
A The meaning of limited liability
40(1)
B The continuing debate about the desirability of limited liability
41(1)
C Fraudulent trading and wrongful trading
42(4)
2.3 Groups of companies
46(2)
2.4 Incorporation
48(9)
A Formal requirements
48(4)
B Certificate of incorporation
52(1)
C Publicity and the continuing role of the Registrar
52(1)
D Promoters and pre-incorporation contracts
53(2)
E Right of establishment
55(2)
3 Legal theory and company law
57(30)
3.1 The role of theory in company law
57(1)
3.2 The nature and origins of the corporation
58(2)
A The theories
58(1)
B Rationale and application of the theories
59(1)
3.3 Managerialism
60(3)
3.4 Corporate governance
63(4)
A Alignment
63(1)
B The Cadbury Report and self-regulation
64(1)
C Global convergence in corporate governance
64(3)
3.5 Stakeholder company law
67(7)
A Social responsibility
67(2)
B Industrial democracy
69(1)
C Stakeholder company law
70(3)
D The Company Law Review and stakeholders
73(1)
3.6 Law and economics
74(10)
A Efficiency as a moral value
74(2)
B The theory of the firm
76(8)
3.7 Future issues
84(3)
Part II The constitution of the company
87(52)
4 Entrenchment of rights
89(23)
4.1 Entrenchment of expectation versus flexibility
89(1)
4.2 Articles of association
89(6)
A The company's objects
90(5)
4.3 Shareholder agreements
95(3)
4.4 Changing the constitution and reconstruction
98(14)
A Introduction
98(1)
B Contract
99(1)
C Alteration of articles
99(2)
D Entrenchment provisions in the articles
101(1)
E Variation of class rights
102(4)
F Compromises and arrangements under s. 895
106(4)
G Other methods of reconstruction
110(2)
5 Organisation of functions and corporate powers
112(15)
5.1 Introduction
112(1)
5.2 The institutions of the company: the board and the shareholders
112(2)
5.3 The ultra vires doctrine
114(13)
A Introduction
114(1)
B Reforming the rule: a historical overview
115(7)
C Core provisions of the 2006 reforms: a company's capacity and related matters
122(3)
D Pulling it together
125(2)
6 Relations with third parties: agency and constitutional limitations
127(12)
6.1 Contractual relations with third parties
127(1)
6.2 Agency
127(3)
6.3 The Turquand doctrine
130(1)
6.4 The `relationship' between Turquand and agency
131(3)
6.5 Section 40 of the Companies Act 2006
134(5)
Part III Corporate governance
139(172)
7 The governance problem and the mechanisms of meetings
141(16)
7.1 Alignment of managerial and shareholder interests
141(1)
7.2 The role and functioning of the board of directors
142(4)
A Directors as managers and `alter ego'
142(1)
B Appointment and retirement of directors
143(1)
C Proceedings at directors' meetings
144(1)
D Remuneration of directors
145(1)
7.3 The role and functioning of the shareholders in general meeting
146(6)
A The general meeting as the residual authority of the company
146(1)
B Resolutions at meetings
147(1)
C The shareholders' general meetings
148(1)
D Convening of meetings and notice
149(1)
E Shareholder independence - meetings and resolutions
150(1)
F Procedure at meetings
151(1)
7.4 Problems with the meeting concept
152(2)
7.5 Meetings in small closely-held companies
154(3)
8 Duties of directors
157(50)
8.1 Introduction
157(3)
8.2 The duties of directors under Part 10
160(24)
A The duty to act within powers
160(1)
B Duty to promote the success of the company
161(5)
C Duty to exercise independent judgment
166(2)
D Duty to exercise reasonable care, skill and diligence
168(2)
E Duty to avoid conflicts of interest
170(11)
F Duty not to accept benefits from third parties
181(1)
G Duty to declare interest in a proposed or existing transaction or arrangement
181(2)
H Ratification of acts giving rise to liability
183(1)
I Remedies for breach of duty
183(1)
8.3 Relief for directors
184(1)
A Ought fairly to be excused
184(1)
B Exemption and insurance
185(1)
8.4 Duty not to commit an unfair prejudice
185(1)
8.5 Other legal constraints on directors' powers
186(1)
8.6 Statutory controls affecting directors
186(7)
A Regulating specific conflict-transactions
186(4)
B Controls over issue of shares
190(1)
C Statutory provisions in terrorem
191(2)
8.7 Monitoring of directors
193(12)
A The policy of disclosure of the financial affairs of the company
193(1)
B Accounts and reports
194(4)
C Publicity
198(1)
D Non-statutory reports
199(1)
E The role of the auditors
199(3)
F Company secretary
202(1)
G Government and other agencies
203(2)
8.8 Concluding remarks
205(2)
9 Role of self-regulation
207(30)
9.1 Reliance on self-regulation
207(2)
9.2 Techniques of Cadbury
209(2)
A Different approaches
209(1)
B Structural and functional alterations
209(1)
C Assumptions of responsibility
210(1)
D Enhanced quality of disclosure
210(1)
9.3 The Greenbury Report
211(1)
9.4 The Hampel Report: evolution of the Combined Code 1998
211(1)
9.5 The Higgs Review and the Combined Code 2003
212(1)
9.6 The Combined Code (2006 and June 2008)
213(2)
9.7 The UK Corporate Governance Code (June 2010)
215(10)
A Background
215(1)
B Disclosure of corporate governance arrangements and listing rules
215(2)
C Excerpts and summary of the main provisions
217(8)
9.8 The UK Stewardship Code (July 2010)
225(8)
A Background
225(2)
B The FRC consultation on the UK Stewardship Code principles
227(1)
C Responses to the FRC consultation on the UK Stewardship Code principles
228(1)
D The UK Stewardship Code principles and guidance
229(2)
E The scope and application of the UK Stewardship Code
231(1)
F What is not addressed in the UK Stewardship Code
232(1)
G Adherence to the Stewardship Code
232(1)
9.9 The EU corporate governance Green Paper
233(1)
9.10 The `profession' of director?
234(1)
9.11 Conclusions
234(3)
10 Shareholder litigation: the derivative claim
237(46)
10.1 Introduction: shareholder litigation generally
237(1)
10.2 The old common law
238(9)
A Doctrine of Foss v Harbottle
238(1)
B The principle of majority rule
239(1)
C The `exceptions' to Foss v Harbottle
240(2)
D The striking out of derivative actions
242(5)
10.3 Deficiencies in the common law and the approach to reform
247(2)
10.4 The derivative claim under the Companies Act 2006
249(22)
A Introduction
249(1)
B General principles
250(1)
C Scope of application
251(6)
D Procedural requirements
257(3)
E Criteria for the grant of leave
260(11)
10.5 An assessment of Part 11
271(4)
10.6 The new derivative claim procedure in action: shadows of the past?
275(6)
10.7 The future of derivative claims: much ado about nothing?
281(2)
11 Shareholder litigation: winding up on just and equitable grounds and the unfair prejudice remedy
283(28)
11.1 Introduction
283(1)
11.2 Winding up on just and equitable grounds
284(1)
11.3 Unfair prejudice
285(26)
A The alternative remedy failure
285(1)
B Unfair prejudice
285(26)
Part IV Corporate finance law
311(70)
12 Techniques of corporate finance
313(24)
12.1 Some basic concepts of corporate finance
313(2)
A Assets and capital
313(1)
B The aims of the company
314(1)
C Cash flows and capital raising
314(1)
12.2 Financing the company
315(4)
A Initial finance
315(1)
B Venture capital financing
316(1)
C Raising capital through debt
317(2)
12.3 The law relating to shares
319(10)
A Definitions of share capital
319(2)
B Authority to issue share capital
321(1)
C Preferential subscription rights
321(1)
D Nature of shares and membership
322(1)
E Classes and types of shares
323(3)
F Transfer of and transactions in shares
326(3)
12.4 The legal nature of debentures (and bonds)
329(8)
A The definition of a debenture and the distinction between a fixed and a floating charge
329(3)
B Registration requirements for charges
332(5)
13 Raising and maintenance of capital
337(23)
13.1 Introduction
337(1)
13.2 The raising of capital - discounts and premiums
337(4)
A Introduction
337(1)
B Discounts
338(1)
C Premiums
339(2)
13.3 The maintenance of capital
341(19)
A The meaning of the doctrine
341(2)
B The Company Law Review and the reforms of the Companies Act 2006
343(2)
C Statements of capital
345(1)
D Reduction of capital
346(5)
E Company purchase of own shares
351(4)
F Dividends and distributions
355(5)
14 Financial assistance for the acquisition of shares
360(21)
14.1 Background and development of the present law
360(4)
14.2 The modern scope of the prohibitions
364(3)
14.3 Meaning of financial assistance
367(2)
14.4 Principal/larger purpose exceptions
369(4)
14.5 Private company exception
373(1)
14.6 Other exceptions
374(2)
14.7 The consequences of breach
376(5)
A Criminal sanctions
376(1)
B Civil consequences
376(5)
Part V Securities regulation
381(164)
15 Policy and theory in securities regulation/capital markets law
383(33)
15.1 The relationship between traditional company law and securities regulation
383(1)
15.2 The birth of securities regulation
384(2)
15.3 The SEC
386(3)
15.4 From the Financial Services Authority to the Prudential Regulation Authority and the Financial Conduct Authority
389(8)
A The self-regulation era - the SIB and FSA
389(3)
B Statutory securities regulation: accountability issues
392(2)
C The Prudential Regulation Authority and the Financial Conduct Authority
394(3)
15.5 Legal theory in securities regulation
397(19)
A Aims of securities regulation
397(2)
B Techniques of securities regulation
399(2)
C The statutory objectives of the Financial Services and Markets Act 2000 and the FSA's and FCA's duties
401(2)
D IOSCO and global convergence
403(1)
E Financial market integration in the EU
404(12)
16 Credit rating agencies and their role in capital markets
416(36)
16.1 Introduction
416(1)
16.2 Credit rating agencies: the basics
417(6)
A The credit rating agencies industry
417(1)
B Defining credit ratings
418(1)
C The use of credit ratings made by market participants
419(2)
D Credit risk models
421(1)
E Distinguishing credit rating agencies from other rating agencies
421(2)
16.3 The criticisms advanced against credit rating agencies
423(5)
A General criticism
423(2)
B Criticisms in light of the financial crisis
425(3)
16.4 The relationship between CRAs and the structured finance market
428(5)
A Background
428(1)
B Asset securitisation
428(1)
C Collateralised debt obligations
429(4)
16.5 Regulating credit rating agencies and proposals for reform
433(9)
A Introduction
433(1)
B The IOSCO model
434(1)
C The Financial Stability Forum
435(1)
D SIFMA
436(1)
E The Turner Review in the UK
436(2)
F The EU regulation on CRAs
438(4)
16.6 Towards liability for credit rating agencies
442(6)
A Credit ratings: just an opinion?
442(1)
B The traditional approach on liability in the US, EU and the UK
443(3)
C Policy considerations
446(1)
D Is imposing liability on credit rating agencies just a matter of time?
447(1)
16.7 Final matters
448(4)
17 The regulatory machinery of the Financial Services and Markets Act 2000
452(27)
17.1 Introduction and assumptions
452(1)
17.2 Scope of the Act
452(5)
A The general prohibition
452(1)
B Regulated activities
453(2)
C Examples of prescribed `activities' and `investments'
455(1)
D Territorial scope of the general prohibition
455(1)
E The financial promotion regime
456(1)
17.3 Authorisation and exemption
457(3)
A Methods of authorisation
457(1)
B Part IV permissions
458(1)
C The register
459(1)
17.4 Exempt persons and exemption of appointed representatives
460(1)
17.5 Conduct of business
460(5)
A Textures of regulation
460(2)
B The FSA Handbook of Rules and Guidance
462(1)
C The FSA Principles for Businesses
462(2)
D Ancillary regimes
464(1)
17.6 Collective investment schemes
465(5)
A Background
465(2)
B The basic regulatory position under FSMA 2000
467(1)
C The marketing of collective investment schemes: restricted
468(1)
D Authorised unit trust schemes
469(1)
E Open-ended investment companies
469(1)
F Overseas collective investment schemes
470(1)
17.7 Enforcement
470(5)
A `Policing the perimeter'
470(1)
B Disciplinary measures
471(3)
C Restitution, private actions for damages and insolvency
474(1)
17.8 Investor compensation
475(1)
17.9 Financial ombudsman service
476(1)
17.10 Regulation of investment exchanges and clearing houses
477(1)
17.11 Final matters
477(2)
18 The regulation of public offerings of shares
479(28)
18.1 Migration into capital markets law
479(6)
A Background
479(1)
B Public offerings of securities
479(6)
18.2 Before the EC Directives
485(1)
18.3 The Listing Directives and the Prospectus Directive
485(1)
18.4 UK implementation
486(2)
A The `competent authority'
486(1)
B Prospectuses and listing particulars
487(1)
18.5 Listed securities
488(5)
A Introduction
488(1)
B Background conditions
489(1)
C Methods of issue
490(1)
D Application procedures
491(1)
E Contents of the prospectus
491(2)
F Continuing obligations
493(1)
G Other provisions
493(1)
18.6 Unlisted securities
493(1)
A The Alternative Investment Market (AIM)
494(1)
18.7 The Prospectus Directive
494(4)
A Background
494(2)
B The new format of prospectuses
496(1)
C The impact on AIM
496(2)
18.8 Remedies for investors
498(9)
A General
498(2)
B A new statutory liability regime for periodic financial information
500(7)
19 The regulation of insider dealing and market abuse
507(22)
19.1 Regulation of market conduct
507(1)
19.2 Insider dealing and market egalitarianism
507(1)
19.3 Development of regulation against insider dealing
508(7)
A The cradle: SEC r. 10b-5
508(3)
B UK legislation
511(4)
19.4 Enforcement
515(4)
19.5 UK regulation against market abuse
519(3)
A The criminal law background
519(1)
B Civil penalties for market abuse
520(2)
19.6 The new EC Market Abuse Directive
522(5)
A Background
522(1)
B Implementation of the Directive in the UK
523(3)
C The European Commission review of MAD
526(1)
19.7 The new regulatory system in the UK: responsibility of FCA for market abuse
527(2)
20 The regulation of takeovers
529(16)
20.1 Takeover battles
529(1)
20.2 Disciplining management - the market for corporate control
530(1)
20.3 Goals of takeover regulation
530(4)
A The struggle for a Europe-wide regulatory policy
530(2)
B The ideas in the new Directive
532(2)
20.4 The UK system
534(8)
A The Takeover Panel
534(1)
B The Panel's main powers
534(2)
C The operation of the City Code
536(1)
D Other provisions applying to takeovers
537(2)
E Defences
539(1)
F The aftermath of the Kraft takeover and the government's consultation: A long-term focus for corporate Britain
540(2)
20.5 The future in Europe under the Directive
542(3)
Part VI Insolvency and liquidation
545(31)
21 Insolvency and liquidation procedures
547(16)
21.1 The development of corporate insolvency law
547(1)
21.2 Pre-insolvency remedies
548(6)
A Corporate rescue
548(1)
B Administration
549(1)
C Pre-pack administration
550(2)
D Administrative receivers
552(1)
E Company voluntary arrangement or other reconstruction
552(2)
21.3 Types of winding up and grounds
554(2)
A Voluntary winding up
554(1)
B Winding up by the court
554(1)
C Procedure and scope
555(1)
21.4 Effects of winding up, purpose and procedure
556(7)
A Immediate effects of winding up
556(1)
B Aims and purpose of liquidation
556(1)
C Procedure
557(4)
D Misconduct, malpractice and adjustment of pre-liquidation (or pre-administration) transactions
561(2)
22 Disqualification of directors
563(13)
22.1 Background
563(1)
22.2 The disqualification order
563(2)
22.3 Grounds - unfitness and insolvency
565(6)
A The s. 6 ground
565(1)
B Unfitness
566(5)
22.4 Other grounds
571(2)
A Disqualification after investigation
571(1)
B Disqualification on conviction of an indictable offence
571(1)
C Disqualification for persistent breaches of the companies legislation
572(1)
D Disqualification for fraud in a winding up
572(1)
E Disqualification on summary conviction
572(1)
F Disqualification for fraudulent or wrongful trading
572(1)
G Disqualification for breach of competition law
573(1)
22.5 Human rights challenges
573(1)
22.6 Concluding remarks
574(2)
Index 576
John Lowry is Professor of Commercial Law at UCL and an Honorary Fellow of Monash University.

Arad Reisberg is a Reader in corporate and financial law and Vice Dean for research at UCL Laws. He is also the Director of the UCL Centre for Commercial Law.