Legal Capital in Europe

Marcus Lutter, Zentrum für Europäisches Wirtschaftsrecht der Universität Bonn

Marcus Lutter, Center for European Economic Law, University of Bonn

Marcus Lutter: Legal capital of public companies in Europe - Executive summary of considerations by the expert group on "Legal Capital in Europe".

Part 1: Elements of Creditor Protection

Horst Eidenmüller/Barbara Grunewald/Ulrich Noack: Minimum Capital in the System of Legal Capital; Andreas Pentz/Hans-Joachim Priester/André Schwanna: Raising Cash and Contributions in Kind when forming a Company and for Capital Increases; Rüdiger Veil: Capital Maintenance - The regime of the Capital Directive versus Alternative Systems; Holger Fleischer: Disguised Distributions and Capital Maintenance in European Company Law; Susanne Kalss/Nikolaus Adensamer/Janine Oelkers: Director's Duties in the Vicinity of Insolvency - A comparative analysis with reports from Germany, Austria, Belgium, Denmark, England, Finland, France, Italy, the Netherlands, Norway, Spain and Sweden; Karsten Schmidt: Grounds for Insolvency and Liability for Delays in Filing for Insolvency Proceedings - Necessary Supplement to Capital Protection; Hanno Merkt/Gerald Spindler: Direct Liability of Controlling Parties (Piercing the Corporate Veil) and Related Legal Constellations; Tim Drygala: Directors Liability in the Member States of the European Union; Heribert Hirte/Tim Lanzius/Sebastian Mock: Director's disqualification and creditor protection; Jens Ekkenga/Walter Bayer: Fixed capital within the stock corporation law and its implication for minority and investor protection; Ulrich Huber/Mathias Habersack: Special Rules for Shareholder Loans (Part I): Which Consequences Would Arise For Shareholder Loans if the System of Legal Capital Should be Abolished? Christoph G. Paulus: Claw-back Rules and Creditors' Protection; Christoph Kuhner: The Future of Creditor Protection through Capital Maintenance Rules in European Company Law; Bernhard Pellens/Thorsten Sellhorn: Improving Creditor Protection through IFRS Reporting and Solvency Tests; Peter Mankowski: Does contract suffice to protect the creditors of a company and their interests?

Part 2: Single Country Reports

Great Britain Eva Micheler: England; Thomas Bachner: Creditor protection through insolvency law in England; France Isabelle Urbain-Parleani: Working Group on the Share Capital in Europe - French Answers to the Questionnaire; ItalyMassimo Miola: Legal Capital Rules in Italian Company Law and the EU Perspectives; Netherlands Harm-Jan de Kluiver/Stephan F. G. Rammeloo: Capital and Capital Protection in The Netherlands: A Doctrine in Flux; SpainJosé Miguel Embid Irujo: Capital Protection in Spanish Company Law; Poland Andrzej Kidyba/Stanislaw Soltysinski/Andrzej Szumánski: A Report on Selected Aspects of Legal Capital under Polish Code of Commercial Companies; USA Richard A. Booth: Capital Requirements in United States Corporation Law; Andreas Engert: Life Without Legal Capital: Lessons from American Law.

Index