This edited collection explores transparency as a key regulatory strategy in European business law. It examines the rationales, limitations and further perspectives on transparency that have emerged in various areas of European law including corporate law, capital markets law and accounting law, as well as other areas of law relevant for European (listed) stock corporations.



This book presents a clear and accurate picture of the recent reforms in the European transparency regime. In doing so it endorses a multi-dimensional notion of transparency, highlighting the need for careful consideration and contextualisation of the transparency phenomenon. In addition, the book considers relevant enforcement mechanisms and discusses the implications of disparate enforcement concepts in European law from both the private and public law perspectives.



Written by a team of distinguished contributors, the collection offers a comprehensive analysis of the European transparency regime by discussing the fundamentals of transparency, the role of disclosure in European business law, and related enforcement questions.

Table Of Contents

PART I

TRANSPARENCY AND CORPORATE LAW

1. Access to Information in Company Registers

Karsten Engsig Sørensen

2. Disclosure through Minority and Individual Rights in Public Limited

Liability Companies

Corrado Malberti

3. Disclosure of Corporate Governance by Codes

Gregor Bachmann

4. Disclosure as a Legal Instrument against Potential Abusive Behaviour in the Case of Related Party Transactions

Theodoros Katsas



PART II

EVOLUTION OF DISCLOSURE IN CAPITAL MARKETS LAW

5. Disclosure of Inside Information

Jennifer Payne

6. Disclosure of Major Holdings in Listed Companies

Alain Pietrancosta

7. Climate-Related Financial Disclosure

Rüdiger Veil

8. Proxy Advisors and Disclosure of Conflicts of Interests

Ulrich Torggler



PART III

DEVELOPMENTS IN BUSINESS LAW

9. Financial Reporting in European Stock Corporations

Giovanni Strampelli

10. Non-financial Reporting: Evolving Demands for Transparent Enterprises

Brenda Hannigan

11. Ownership Disclosure in Anti-money Laundering Law

Konstantinos Sergakis



PART IV

THE LIMITS OF TRANSPARENCY

12. Transparency of Stock Corporations and Personal Data Protection: Access to the Shareholder Register

Vassilios Tountopoulos

13. The Trade Secrets Directive and Transparency Obligations in Company and Capital Market Law: An Initial Approach

Michail-Theodoros Marinos

14. Transparency and its Limits under EU Competition Law

Alexandra P Mikroulea



PART V

ENFORCEMENT

15. Transparency: Public Enforcement Strategies

Jörn Axel Kämmerer

16. Private Enforcement of Transparency

Paolo Giudici

17. Transparency on Stock Corporations through Piercing the Corporate Veil

Victoria Athanasopoulou



PART VI

CONCLUSION

18. Corporate Transparency in the Technological Frontier

Nicholas L Georgakopoulos

19. Towards the End of Anonymity in Societes Anonymes?

Evanghelos Perakis

20. Delineating Transparency for Stock Corporations and its Prospects

Vassilios Tountopoulos