Prospectus Liability Rules in Europe and Beyond: Towards Uniformity

Companies in the European Union must publish a prospectus that complies with the detailed information requirements under the Prospectus Regulation before they can offer securities to the investing public. However, the regulation does not feature uniform liability rules, and the applicable national rules vary from one Member State to another. This hinders the development of fully integrated European capital markets. Through a comparative investigation into the rules in selected EU Member States (Germany, France, Italy, Spain, Poland, The Netherlands, Luxembourg, and Ireland), and in selected non-EU jurisdictions (the UK, Switzerland, the US, Hong Kong, and Singapore), this book aims to show the necessity and feasibility of uniformising prospectus liability rules. The book sets out a concrete blueprint for uniform prospectus liability rules on the European level.

Danny Busch, University of Nijmegen,Matthias Lehmann

Danny Busch is a Professor of Financial Law and the Founding Director of the Financial Law Centre (FLC), Radboud University, Nijmegen, The Netherlands. He is also a Senior Research Fellow at Harris Manchester College, and a Fellow at the Commercial Law Centre, University of Oxford.

Matthias Lehmann is a Professor of Private Law, Private International Law and Comparative Law, University of Vienna, and a Rotating Professor of European and Comparative Business Law, Radboud University, Nijmegen.