Full Description
Companies in the European Union must publish a prospectus that complies with the detailed information requirements under the Prospectus Regulation before they can offer securities to the investing public. However, the regulation does not feature uniform liability rules, and the applicable national rules vary from one Member State to another. This hinders the development of fully integrated European capital markets. Through a comparative investigation into the rules in selected EU Member States (Germany, France, Italy, Spain, Poland, The Netherlands, Luxembourg, and Ireland), and in selected non-EU jurisdictions (the UK, Switzerland, the US, Hong Kong, and Singapore), this book aims to show the necessity and feasibility of uniformising prospectus liability rules. The book sets out a concrete blueprint for uniform prospectus liability rules on the European level.
