Una aproximación a la cláusula MAC (Material Adverse Change) en los contratos de financiación sindicada a la luz de la jurisprudencia anglo-americana

Las cláusulas MAC (Material Adverse Change) las podemos encontrar en todo tipo de contratos, pero mayoritariamente son típicas en operaciones de adquisición de empresas y en contratos de financiación corporativa, por lo general, financiaciones sindicadas, donde cumplen un destacado papel. ¿Qué es una cláusula MAC ...

Plataformas de financiación participativa y "Financial Crowdfunding"

El Título V° de la Ley 5/2015, de Fomento de la Financiación empresarial, regula las plataformas de crowdfunding; término que sugiere reunión colectiva de aportaciones de capital, por medio de páginas web o similares. Calificadas como "empresas", la Ley somete a las "pfp" a ...

A practitioner's guide to MiFID II

A complete practitioner's guide to the provisions and practical implications of the new Markets in Financial Instruments Directive, MiFID II. The book will cover both the original Directive and all the changes and extensions brought about by MiFID II, how the directive will impact ...

Nuevo reglamento de instituciones de inversión colectiva y disposiciones de desarrollo

Obra completamente actualizada que ofrece un texto consolidado del régimen jurídico de las instituciones de inversión colectiva, obtenido a partir del nuevo Reglamento de la Ley de Instituciones de Inversión Colectiva (y, teniendo en cuenta, asimismo, la estructura de la Ley de Instituciones de Inversión ...

Principles of corporate finance Law

Corporate finance theory seeks to understand how incorporated firms address the financial constraints that affect their investment decisions. This is achieved by using varied financial instruments that give holders different claims on the firm's assets. Recent scholarship in this area explores precisely how legal ...

The multilateralization of international investment Law

Attempts at developing a theory of international investment law are complicated by the fact that this field of international law is based on numerous, largely bilateral treaties and is implemented by arbitral panels established on a case-by-case basis. This suggests a fragmented and chaotic state ...

El leasing mobiliario como garantía en operaciones financieras

Las situaciones de crisis económica y la necesidad de financiación han hecho resurgir figuras jurídicas como el leasing, que permite la compra financiada de bienes en situaciones de falta de recursos y necesidad de renovar equipos o el inicio de actividades empresariales sin grandes desembolsos ...

Derecho de la competencia y crisis económica

el régimen de ayudas públicas y de concentraciones en el sector financiero

La crisis no solamente está poniendo a prueba la capacidad de respuesta de las instituciones financieras y de los Estados miembros de la UE desde un punto de vista económico o presupuestario. Al mismo tiempo, supone un desafío para el ordenamiento jurídico europeo en tanto ...

The legal protection of foreign investment

a comparative study

The law of foreign investment is at a crossroads. In the wake of an unprecedented global financial crisis and a sharp surge of investment arbitration cases, states around the world are reflecting on the pros and cons of the current liberal investment regime and exploring ...

Instituciones de Inversión Colectiva

Ley y Reglamento

Esta edición recoge los textos, anotados y puestos al día, de las dos normas básicas del sector: - Ley 35/2003, de 4 de noviembre, de Instituciones de Inversión Colectiva, con todas las modificaciones de su texto, entre ellas las introducidos por la Ley 10/2010 ...

La tutela dell'impresa nella contrattazione in strumenti finanziari derivati

Il volume affronta un tema di grande interesse attuale e pratico, il tutto alla luce dei vari indirizzi della giurisprudenza, delle Direttive CEE più importanti e della normativa più significativa in materia.Ecco gli argomenti trattati: il principio di graduazione, i valori del mercato e ...

US securities regulation

a guidebook for international companies

While credit markets remain tight, the capital markets appear to be opening up again. As a result, many international companies will consider accessing the US markets as part of their financing strategy. This option is particularly attractive to non-US companies, which may take advantage of ...

Financiación

International acquisition finance

Law and practice

Ed. Gwendoline Griffiths. This new edition of International Acquisition Finance builds on the success of the first edition in providing a comprehensive and comparative analysis of the law and practice of acquisition finance from the viewpoint of leading lawyers in over 20 different jurisdictions including ...

Trusts in prime jurisdictions

Ed. Alon Kaplan. As globalisation continues, the new financial centres and emerging trust jurisdictions in Asia, where much wealth is now generated, are seeking to capture a share of the lucrative private banking, estate and tax planning market. This phenomenon has created new opportunities for ...

The Law of institutional investment management

The Law of Institutional Investment Management fills a gap for a work that describes the custom and practice of the institutional investment management industry with reference to both English law and to the European regulatory framework. The governing theme of the work is the structure ...

The MiFID revolution

The Market in Financial Instruments Directive (MiFID) is nothing short of a revolution. Introduced on 1 November 2007, it will have a profound, long-term impact on Europe's securities markets. It will see banks operating as exchanges for certain activities, offering alternative execution services that ...

The Law of corporate finance

general principles and EU Law.Vol.I: Cash flow, risk, agency, information

In this three-volume book, the law of corporate finance is defined in a modern way and studied from the perspective of a non-financial firm. The law of corporate finance helps the firm to manage cash flow, risk, principal-agency relationships, and information in the context of ...

The Law of corporate finance

general principles and EU Law.Vol.II: Contracts in general

The second volume discusses how risk, agency, and information can be managed in all contracts. In addition, the second volume contains an introduction to the legal aspects of payment obligations and the management of various forms of counterparty risk.

The Law of corporate finance

general principles and EU Law.Vol.III: Funding, exit, takeovers

In this three-volume book, the law of corporate finance is defined in a modern way and studied from the perspective of a non-financial firm. The law of corporate finance helps the firm to manage cash flow, risk, principal-agency relationships, and information in the context of ...