Paul L. Davies

University of Oxford - Faculty of Law

Allen & Overy Professor of Corporate Law Emeritus

St Cross Building

St Cross Road

Oxford, OX1 3UL

United Kingdom

European Corporate Governance Institute (ECGI)

Fellow

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

http://www.ecgi.org

  • University of Oxford - Faculty of Law

SCHOLARLY PAPERS

37

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44,518

TOTAL CITATIONS

67

Scholarly Papers (37)

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1.

Board Structure in the UK and Germany: Convergence or Continuing Divergence?

Number of pages: 24 Posted: 25 Mar 2001
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 7,498 (1,919)
Citation 8

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corporate governance, board structure and role, Anglo-German comparison, one-tier and two-tier boards, shareholders and stakeholders

2.

The Takeover Directive as a Protectionist Tool?

ECGI - Law Working Paper No. 141/2010
Number of pages: 62 Posted: 01 Apr 2010 Last Revised: 15 Jun 2010
Paul L. Davies, Edmund Schuster and Emilie van de Walle de Ghelcke
University of Oxford - Faculty of Law, London School of Economics - Law School and Freshfields Bruckhaus Deringer
Downloads 6,366 (2,554)
Citation 6

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European Takeover Directive, board neutrality rule, reciprocity in takeovers, takeover defences, poison pill, ownership structure, contestability of corporate control

3.

Boards in Europe – Accountability and Convergence

American Journal of Comparative Law 61 (2013) 301-375, ECGI - Law Working Paper No. 205/2013, Oxford Legal Studies Research Paper No. 40/2013
Number of pages: 67 Posted: 09 Feb 2013 Last Revised: 17 Dec 2013
Paul L. Davies and Klaus J. Hopt
University of Oxford - Faculty of Law and Max Planck Institute for Comparative and International Private Law
Downloads 4,843 (4,135)
Citation 4

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corporate law, corporate boards in Europe, accountability, convergence, two-tier boards, independent directors, diversity, board committees, cumulative voting, labor codetermination, conflicts of interest, enforcement, remuneration, shareholder activism, decision-making

4.

Principles of Financial Regulation

This is the introductory chapter to a book entitled Principles of Financial Regulation, which will be published by Oxford University Press in 2016., European Corporate Governance Institute (ECGI) - Law Working Paper No. 277/2014, Columbia Public Law Research Paper No. 14-430, Saïd Business School WP 2014-12
Number of pages: 29 Posted: 21 Nov 2014 Last Revised: 04 Nov 2018
John Armour, Dan Awrey, Paul L. Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer and Jennifer Payne
University of Oxford - Faculty of Law, Cornell Law SchoolEuropean Corporate Governance Institute, University of Oxford - Faculty of Law, Bocconi University - Bocconi Law Department, Columbia Law School, University of Oxford - Said Business School and University of Oxford - Faculty of Law
Downloads 3,640 (6,616)

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Financial regulation, Financial crisis, Banking regulation, Securities Regulation, Financial markets, Shadow Banking, Macro-Prudential Regulation, Principles of Financial Regulation

5.

The Consequences of Brexit for Companies and Company Law

University of Cambridge Faculty of Law Research Paper No. 22/2017
Number of pages: 57 Posted: 03 Mar 2017 Last Revised: 12 Apr 2017
Peter Böckli, Paul L. Davies, Eilis Ferran, Guido Ferrarini, José M. Garrido Garcia, Klaus J. Hopt, Adam Opalski, Alain Pietrancosta, Markus Roth, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter, Martin Winner and Eddy Wymeersch
Böckli Bodmer & Partners, University of Oxford - Faculty of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, International Monetary Fund (IMF), Max Planck Institute for Comparative and International Private Law, University of Warsaw - Faculty of Law and Administration, Sorbonne Law School, University of Marburg - Faculty of Law, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam, Vienna University of Economics and Business - Department of Business Law and Ghent University - Financial Law Institute
Downloads 2,819 (9,901)
Citation 7

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Brexit, freedom establishment, incorporation or seat theory, cross border mergers, auditors, listed companies

6.

The Notion of Equality in European Take-Over Regulation

Number of pages: 17 Posted: 18 Apr 2002
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 1,870 (19,135)
Citation 4

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tender offers, takeovers, equality of treatment, Europe

7.

The Future of European Company Law

Columbia Law and Economics Research Paper No. 420
Number of pages: 21 Posted: 04 Jun 2012
Peter Böckli, Paul L. Davies, Eilis Ferran, Guido Ferrarini, José M. Garrido Garcia, Klaus J. Hopt, Alain Pietrancosta, Katharina Pistor, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter and Eddy Wymeersch
Böckli Bodmer & Partners, University of Oxford - Faculty of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, International Monetary Fund (IMF), Max Planck Institute for Comparative and International Private Law, Sorbonne Law School, Columbia University School of Law, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam and Ghent University - Financial Law Institute
Downloads 1,494 (26,928)

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company law, harmonization, company mobility, cross-border mergers, cross-border voting, group law, capital maintenance, alternative legal forms

8.

Bank Governance

Principles of Financial Regulation (New York/Oxford: Oxford University Press, 2016), European Corporate Governance Institute (ECGI) - Law Working Paper No. 316/2016
Number of pages: 31 Posted: 11 Jun 2016 Last Revised: 15 Jun 2016
John Armour, Dan Awrey, Paul L. Davies, Luca Enriques, Jeffrey N. Gordon, Colin Mayer and Jennifer Payne
University of Oxford - Faculty of Law, Cornell Law SchoolEuropean Corporate Governance Institute, University of Oxford - Faculty of Law, Bocconi University - Bocconi Law Department, Columbia Law School, University of Oxford - Said Business School and University of Oxford - Faculty of Law
Downloads 1,347 (31,403)
Citation 1

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Financial regulation, bank governance, executive compensation, financial sector pay, independent directors, board structure

9.

European Company Law Experts' Response to the European Commission’s Green Paper 'The EU Corporate Governance Framework'

Number of pages: 24 Posted: 20 Aug 2011
Paul L. Davies, Klaus J. Hopt, Guido Ferrarini, Alain Pietrancosta, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter and Eddy Wymeersch
University of Oxford - Faculty of Law, Max Planck Institute for Comparative and International Private Law, University of Genoa - Law Department and Centre for Law and Finance, Sorbonne Law School, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam and Ghent University - Financial Law Institute
Downloads 1,254 (34,851)
Citation 7

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corporate governance, European company law, boards, shareholder activism, corporate governance codes, comply or explain

10.

Shareholders in the United Kingdom

European Corporate Governance Institute (ECGI) - Law Working Paper No. 280/2015
Number of pages: 38 Posted: 09 Feb 2015
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 1,120 (41,149)
Citation 5

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11.

Shareholder Value: Company Law and Securities Markets Law - a British View

Number of pages: 31 Posted: 29 Jan 2001
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 1,113 (41,522)
Citation 9

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shareholder value, institutional shareholders, directors, concentration of shareholdings, pre-emption rights, take-over regulation, tender offers, controlling blocks

12.

Employees, Workers and the Autonomy of Labour Law

Number of pages: 26 Posted: 03 Feb 2000
Paul L. Davies and Mark R. Freedland
University of Oxford - Faculty of Law and University of Oxford - Faculty of Law
Downloads 1,000 (48,297)
Citation 5

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13.

Shareholder Voice and Corporate Purpose: The Purposeless of Mandatory Corporate Purpose Statements

European Corporate Governance Institute - Law Working Paper No. 666/2022
Number of pages: 49 Posted: 28 Nov 2022 Last Revised: 07 May 2023
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 957 (51,318)

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Corporate purposes, shareholder perceptions, directors’ duties, ESG investing

14.

Shareholder Engagement and Identification

Number of pages: 9 Posted: 01 Mar 2015
Peter Böckli, Paul L. Davies, Eilis Ferran, Guido Ferrarini, José M. Garrido Garcia, Klaus J. Hopt, Alain Pietrancosta, Markus Roth, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter and Eddy Wymeersch
Böckli Bodmer & Partners, University of Oxford - Faculty of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, International Monetary Fund (IMF), Max Planck Institute for Comparative and International Private Law, Sorbonne Law School, University of Marburg - Faculty of Law, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam and Ghent University - Financial Law Institute
Downloads 907 (55,233)
Citation 4

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15.

The European Private Company (SPE): Uniformity, Flexibility, Competition and the Persistence of National Laws

Oxford Legal Studies Research Paper No. 11/2011, ECGI - Law Working Paper No. 154/2010
Number of pages: 38 Posted: 11 Jun 2010
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 877 (57,861)

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European Private Company (SPE), European Community Forms of Incorporation, Regulatory Competition, Freedom of Association

16.

Related Party Transactions: UK Model

European Corporate Governance Institute (ECGI) - Law Working Paper No. 387/2018
Number of pages: 53 Posted: 21 Feb 2018
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 821 (63,334)
Citation 1

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corporate governance, related party transactions, fiduciary duties, stock exchange rules, controlling shareholders

17.

Making Corporate Governance Codes More Effective: A Response to the European Commission's Action Plan of December 2012

Oxford Legal Studies Research Paper No. 56/2014
Number of pages: 13 Posted: 12 Dec 2013
Peter Böckli, Paul L. Davies, Eilis Ferran, Guido Ferrarini, José M. Garrido Garcia, Klaus J. Hopt, Alain Pietrancosta, Katharina Pistor, Markus Roth, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter and Eddy Wymeersch
Böckli Bodmer & Partners, University of Oxford - Faculty of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, International Monetary Fund (IMF), Max Planck Institute for Comparative and International Private Law, Sorbonne Law School, Columbia University School of Law, University of Marburg - Faculty of Law, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam and Ghent University - Financial Law Institute
Downloads 752 (71,173)

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Corporate Governance, Corporate Governance Codes, comply or explain, code effectiveness, disclosure, enforcement, European Commission, Action Plan

18.

Response to the European Commission's Report on the Application of the Takeover Bids Directive

University of Cambridge Faculty of Law Research Paper No. 5/2014, Oxford Legal Studies Research Paper No. 55/2014
Number of pages: 15 Posted: 02 Dec 2013 Last Revised: 09 Sep 2014
Peter Böckli, Paul L. Davies, Eilis Ferran, Guido Ferrarini, José M. Garrido Garcia, Klaus J. Hopt, Alain Pietrancosta, Katharina Pistor, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter and Eddy Wymeersch
Böckli Bodmer & Partners, University of Oxford - Faculty of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, International Monetary Fund (IMF), Max Planck Institute for Comparative and International Private Law, Sorbonne Law School, Columbia University School of Law, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam and Ghent University - Financial Law Institute
Downloads 736 (73,190)
Citation 1

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takeover bids, European Company Law, acting in concert, mandatory bid rule, defensive measures

19.

A Proposal for Reforming Group Law in the European Union - Comparative Observations on the Way Forward

Number of pages: 39 Posted: 11 Oct 2016 Last Revised: 24 Oct 2016
Peter Böckli, Paul L. Davies, Eilis Ferran, Guido Ferrarini, José M. Garrido Garcia, Klaus J. Hopt, Adam Opalski, Alain Pietrancosta, Markus Roth, Rolf Skog, Stanislaw Soltysinski, Jaap W. Winter, Jaap W. Winter, Martin Winner and Eddy Wymeersch
Böckli Bodmer & Partners, University of Oxford - Faculty of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, International Monetary Fund (IMF), Max Planck Institute for Comparative and International Private Law, University of Warsaw - Faculty of Law and Administration, Sorbonne Law School, University of Marburg - Faculty of Law, University of Gothenburg - Department of Law, Komisja Kodyfikacyjna Prawa Cywilnego, Vrije Universiteit AmsterdamUniversity of Amsterdam, Vienna University of Economics and Business - Department of Business Law and Ghent University - Financial Law Institute
Downloads 654 (85,093)
Citation 1

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Parent-Subsidiary Relations, Minority and Creditor Protection, Related Party Transactions, European Regulation

20.

Implementation of the SRD II Provisions on Related Party Transactions

European Corporate Governance Institute - Law Working Paper No. 543/2020
Number of pages: 55 Posted: 22 Sep 2020 Last Revised: 10 Sep 2023
Paul L. Davies, Susan Emmenegger, Guido Ferrarini, Klaus J. Hopt, Adam Opalski, Alain Pietrancosta, Andrés Recalde Castells, Markus Roth, Michael C. Schouten, Rolf Skog, Martin Winner and Eddy Wymeersch
University of Oxford - Faculty of Law, University of Bern - School of Law, University of Genoa - Law Department and Centre for Law and Finance, Max Planck Institute for Comparative and International Private Law, University of Warsaw - Faculty of Law and Administration, Sorbonne Law School, affiliation not provided to SSRN, University of Marburg - Faculty of Law, University of Amsterdam, Faculty of Law, University of Gothenburg - Department of Law, Vienna University of Economics and Business - Department of Business Law and Ghent University - Financial Law Institute
Downloads 621 (90,939)

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related party, approval, majority-of-the-minority, disclosure, materiality, Shareholder Rights Directive, harmonisation

21.

Efficiency Arguments for the Collective Representation of Workers: A Sketch

A Bogg, C Costello, A Davies and J Prassl (eds), The Autonomy of Labour Law, Hart Publishing, Oxford, December 2014, European Corporate Governance Institute (ECGI) - Law Working Paper No. 279/2015, Oxford Legal Studies Research Paper No. 66/2014
Number of pages: 35 Posted: 20 Sep 2014 Last Revised: 08 Jan 2015
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 556 (104,555)
Citation 1

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Employee involvement, codetermination, consultation, labour contracting costs

22.

The Transactional Scope of Takeover Law in Comparative Perspective

European Corporate Governance Institute (ECGI) - Law Working Paper No. 313/2016
Number of pages: 41 Posted: 20 Mar 2016
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 471 (127,933)
Citation 1

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Takeovers, Tender Offers, Mergers, Schemes of Arrangement, Mandatory Bid Rule, Share Buy-backs, Transactional Arbitrage

23.

Resolution of Cross-Border Banking Groups

Matthias Haentjens & Bob Wessels (eds.), Research Handbook on Crisis Management in the Banking Sector, Edward Elgar Publishing Ltd, Cheltenham, UK, 2015, Forthcoming, Oxford Legal Studies Research Paper No. 89/2014
Number of pages: 35 Posted: 06 Dec 2014
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 438 (139,649)

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banking groups, resolution, cross-border cooperation, FSB, Banking Union

24.

The Commission’s 2018 Proposal on Cross-Border Mobility – An Assessment

European Company and Financial Law Review Forthcoming, Oxford Legal Studies Research Paper No. 25/2018
Number of pages: 22 Posted: 19 Oct 2018
Paul L. Davies, Susan Emmenegger, Eilis Ferran, Guido Ferrarini, Klaus J. Hopt, Niamh Moloney, Adam Opalski, Alain Pietrancosta, Markus Roth, Rolf Skog, Martin Winner, Jaap W. Winter, Jaap W. Winter and Eddy Wymeersch
University of Oxford - Faculty of Law, University of Bern - School of Law, University of Cambridge - Faculty of Law, University of Genoa - Law Department and Centre for Law and Finance, Max Planck Institute for Comparative and International Private Law, London School of Economics - Law School, University of Warsaw - Faculty of Law and Administration, Sorbonne Law School, University of Marburg - Faculty of Law, University of Gothenburg - Department of Law, Vienna University of Economics and Business - Department of Business Law, Vrije Universiteit AmsterdamUniversity of Amsterdam and Ghent University - Financial Law Institute
Downloads 416 (148,278)

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cross-border conversions, cross-border divisions, cross-border mergers

25.

Corporate Liability for Wrongdoing within (Foreign) Subsidiaries: Mechanisms from Corporate Law, Tort and Regulation

NUS Law Working Paper No. 2023/007, NUS EW Barker Centre for Law & Business Working Paper 23/01
Number of pages: 35 Posted: 02 Feb 2023
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 349 (180,293)

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Parent company liability, piercing the veil, tort theories of parental liability, regulatory compliance, host country policies

26.

The Fall and Rise of Debt: Bank Capital Regulation after the Crisis

Oxford Legal Studies Research Paper No. 53/2015
Number of pages: 24 Posted: 08 Oct 2015
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 343 (183,784)

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Bank capital, Bank resolution, Bail-in, Subordinated debt, Contingent capital, Optimal capital

27.

Related Party Transactions on the London Stock Exchange: What Works and What Does Not

European Corporate Governance Institute - Law Working Paper No. 624/2022
Number of pages: 53 Posted: 01 Feb 2022
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 289 (220,583)
Citation 2

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Related party transactions, London Stock Exchange, disclosure to the market, shareholder approval, authority to issue shares, pre-emption, independent directors, fairness certification

28.

The Defensive Measures Provisions of the Takeover Directive: From Ambition to Resignation to Distrust

European Corporate Governance Institute - Law Working Paper No. 785/2024
Number of pages: 36 Posted: 08 Jul 2024
Paul L. Davies and Alain Pietrancosta
University of Oxford - Faculty of Law and Sorbonne Law School
Downloads 263 (244,807)

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European Takeover Bids Directive, Board Neutrality Rule, Breakthrough Rule, Pre-bid Defences, Reincorporation, Contestability of Control

29.

Liquidity Safety Nets for Banks

3 Journal of Corporate Law Studies 287 (2013), Oxford Legal Studies Research Paper No. 28/2014
Number of pages: 30 Posted: 26 Oct 2013
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 239 (267,176)

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banks. liquidity, Basel III, lender of last resort, central banks, deposit guarantees

30.

Control Shifts via Share Acquisition Contracts with Shareholders

Oxford Legal Studies Research Paper No. 7/2017
Number of pages: 49 Posted: 28 Nov 2016
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 229 (278,490)

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takeovers, tender offers, defensive tactics, board neutrality, mandatory bids, comparative takeover regulation

31.

From Free Will to Duties of Vigilance: Corporate Liability for Wrongdoing

Ronald J. Gilson, Mats Isaksson, Erik Lidman Johan Munck and Erik Sjöman (eds), Festschrift in honour of Rolf Skog, Norstedts Juridik, 2021
Number of pages: 26 Posted: 11 Oct 2021
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 146 (416,778)

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Corporate crime, vicarious liability, managerial failure, corporate culture, failure to prevent, duty of vigilance

32.

Financial Stability and the Global Influence of EU Law

Forthcoming in Cremona and Scott (eds), EU Law Beyond EU Borders The Extraterritorial Reach of EU Law, OUP
Number of pages: 33 Posted: 03 Nov 2018
Paul L. Davies
University of Oxford - Faculty of Law
Downloads 90 (598,612)

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Financial crisis, international standards, mutual recognition, central clearing, equivalence, EU law

33.

An Introduction to the New UK Companies Act: Part II

European Company and Financial Law Review, Vol. 5, No. 3
Posted: 23 Dec 2008
Paul L. Davies and Jonathan Rickford
University of Oxford - Faculty of Law and European Corporate Governance Institute (ECGI)

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34.

An Introduction to the New UK Companies Act

Posted: 26 Jun 2008
Paul L. Davies and Jonathan Rickford
University of Oxford - Faculty of Law and European Corporate Governance Institute (ECGI)

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35.

Labour Markets, Welfare, and the Personal Scope of Employment Law

Oxford Review of Economic Policy, Vol. 16, Issue 1, pp. 84-94, 2000
Posted: 29 Feb 2008
Paul L. Davies and Mark R. Freedland
University of Oxford - Faculty of Law and University of Oxford - Faculty of Law

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36.

Directors' Creditor-Regarding Duties in Respect of Trading Decisions Taken in the Vicinity of Insolvency

European Business Organization Law Review (EBOR), Vol. 7, 2006
Posted: 19 Feb 2007
Paul L. Davies
University of Oxford - Faculty of Law

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directors' duties, creditors, trading in the vicinity of insolvency, company rescue

37.

A Note on Labour and Corporate Governance in the United Kingdom

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A Note on Labour and Corporate Governance in the United Kingdom

Comparative Corporate Governance: The State of the Art and Emerging Research, Ed. Klaus J. Hopt, Hideki Kanda, Mark J. Roe, Eddy Wymeersch, and Stefan Prigge, Clarendon Press, Oxford 1998
Posted: 07 Apr 1999
Paul L. Davies
University of Oxford - Faculty of Law

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A Note on Labour and Corporate Governance in the United Kingdom

Posted: 17 Feb 1999
Paul L. Davies
University of Oxford - Faculty of Law

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