Issuing New Shares and Preemptive Rights: A Comparative Analysis

21 Pages Posted: 11 Mar 2013 Last revised: 30 Aug 2013

See all articles by Marco Ventoruzzo

Marco Ventoruzzo

Bocconi University - Department of Law

Date Written: March 10, 2013

Abstract

The question of whether the corporate law of Europe and America are converging is still largely unanswered. One fundamental area in which the two systems diverge concerns how they regulate the issuing of new shares, in particular preemptive rights, a problem rarely addressed by comparative corporate law scholars. This essay fills that gap by examining the major comparative differences between the approaches followed on the two sides of the Atlantic, and offers some possible explanations for this divergence.

Keywords: corporate governance, issuing shares, preemptive rights

JEL Classification: K22

Suggested Citation

Ventoruzzo, Marco, Issuing New Shares and Preemptive Rights: A Comparative Analysis (March 10, 2013). Bocconi Legal Studies Research Paper No. 76, Penn State Law Research Paper No. 43-2013, Available at SSRN: https://ssrn.com/abstract=2231124 or http://dx.doi.org/10.2139/ssrn.2231124

Marco Ventoruzzo (Contact Author)

Bocconi University - Department of Law ( email )

Via Roentgen, 1
Milan, Milan 20136
Italy

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