Hostile Takeovers in China. Recent Developments and Regulatory Challenges
Chapter in an edited book (author)


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AbstractThis chapter undertakes an in-depth study of the Chinese regime for takeover defenses both in the books and in practice. From a comparative perspective, it reveals that the Chinese law is a mixture of experiences transplanted from overseas jurisdictions, but functions differently due to the unique local conditions in China. It then empirically examines how takeover defenses are used in practice, finding that takeover defenses, particularly ex ante defenses, are widely adopted by Chinese listed companies. This is a matter of concern given that takeovers have important economic functions particularly at the present stage of China’s economic development. Drawing upon overseas experiences, the chapter sets out reform proposals for China's takeover law.
All Author(s) ListRobin Hui Huang, Juan Chen, Pin Lyu
All Editor(s) ListHolger Fleischer, Hideki Kanda, Kon Sik Kim, Peter Mülbert
Book titleGerman and East Asian Perspectives on Corporate and Capital Market Law: Investors versus Companies
Year2019
Month10
Day18
PublisherMohr Siebeck Tübingen
Place of PublicationTübingen Germany
Pages203 - 232
ISBN978-3-16-159102-0
eISBN978-3-16-159103-7
LanguagesEnglish-United Kingdom
KeywordsTakeover defenses; hostile takeovers; China

Last updated on 2020-22-09 at 12:32