This 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.
First attempt to define corporate finance law as an independent field of law with its own principles and tools
Discusses the most fundamental objectives of corporate finance law, and a wide range of legal tools
Focuses on the perspective of a non-financial firm
Introduces a new theory of corporate governance with the firm as the most important principal
Imparts a better understanding of corporate governance and the use of law as a financial management tool in Europe
Includes supplementary material: sn.pub/extras
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 all decisions that influence the firm's finances. The first volume introduces the fundamental concepts and explains the relationship between corporate risk management, the management of agency relationships, corporate governance, and the management of information. 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 third volume discusses a wide range of funding and exit transactions as well as the legal aspects of takeovers.
Contracts in General: The Legal Framework.- Management of Legal Risk: General Remarks.- Risks that Relate to the Country#x2019;s Legal System.- Risks that Relate to the Statements of the Parties.- Management of Counterparty Risk.- Management of Information.- Payment Obligations: Introduction.- Payment Obligations: Traditional Legal Questions.- Generic Forms of Payment Obligations.- Management of Counterparty Credit Risk.- Other Contract Types.