Part I. Perspectives in Company Law: Section 1. European Company Law: Regulatory Competition and Free Movement of Companies: 1. The European Model Company Law Act project Theodor Baums and Paul Krüger Andersen; 2. The Societas Privata Europaea: a basic reform of EU law on business organizations Theo Raaijmakers; 3. Ius Audicibus. The future of EU company law Jaap Winter; 4. Free movement of capital and protectionism after Volkswagen and Viking Line Jonathan Rickford; 5. Centros and the cost of branching Marco Becht, Luca Enriques and Veronika Korom; 6. Towards the end of the real seat theory in Europe? Michel Menjucq; 7. The Commission recommendations of 14 December 2004 and of 15 February 2005 and their implementation in Germany Marcus Lutter; 8. The Nordic corporate governance model - a European model? Jesper Lau Hansen; Section 2. Corporate Governance, Shareholders' Rights and Auditing: 9. Stakeholders and the legal theory of the corporation Peter Nobel; 10. The renaissance of organized shareholder representation in Europe Stefan Grundmann; 11. In search of a middle ground between the perceived excesses of US style class actions and the generally ineffective collective action procedures in Europe Douglas W. Hawes; 12. Some modest proposals to provide viable damages remedies for French investors Marie-Claude Robert-Hawes; 13. Pre-clearance in European accounting law - the right step? Wolfgang Schön; 14. International standards on auditing and their adoption in the EU: legal aspects and unsettled questions Hanno Merkt; 15. Corporate governance: directors' duties, financial reporting and liability - remarks from a German perspective Peter Hommelhoff; 16. Some aspects of capital maintenance law in the UK Dan Prentice and J. Vella; 17. Luxembourg company law - a total overhaul André Prüm; 18. The role of corporate governance reform and enforcement in the Netherlands Joe McCahery and Erik Vermeulen; Section 3. Takeover Law: 19. The adoption of the European Directive on Takeover Bids Joëlle Simon; 20. The application of the Dutch investigation procedure on two listed companies: the Gucci and ABN Amro cases Levinus Timmerman; 21. Obstacles to corporate restructuring - observations from a European and German perspective Klaus J. Hopt; 22. Protection of third party interest under German takeover law Harald Baum; 23. Takeover defenses and the role of law: a Japanese perspective Hideki Kanda; Part II. Perspectives in Financial Regulation; Section 1. European Perspectives: 24. Principle-based, risk-based regulation and effective enforcement Eilis Ferran; 25. The Committee of European Securities Regulators and Level 3 of the Lamfalussy Process Niamh Moloney; 26. Market transparency and best execution: bond trading under Mifid Guido Ferrarini; 27. The statutory authority of the European Central Bank and euro-area national central banks over TARGET2-securities Peter O. Mulbert and Rebekka M. Wiemann; Section II. Transatlantic Perspectives: 28. Learning from Eddy: a meditation upon organizational reform of financial supervision in Europe Howell J. Jackson; 29. The SEC embraces mutual recognition Roberta Karmel; 30. Steps toward the 'Europeanization' of US securities regulation, with thoughts on the evolution and design of a multinational securities regulator Donald C. Langevoort; 31. The subprime crisis: does it ask for more regulation? Friedrich Kübler; Part III. Miscellaneous: 32. The practitioner and the professor - is there a theory of commercial law? Jean Nicolas Druey; 33. A short paean for Eddy Ruben Lee; 34. Juries and the political economy of legal origin Mark J. Roe.