Takeover law in the UK, US and China : A comparative analysis and recommendations for Chinese takeover law reform

Wang, X

Abstract

Takeovers have become frequent in the United Kingdom (UK) and the United States (US) since the 1960s. However, in China takeovers are a relatively new concept and have only recently become more common. The Chinese government has attempted to create a clearer roadmap for the takeover players, and over the last two decades has developed a relatively complete and stable regulatory framework for takeovers. However, the Chinese takeover law is not immune to criticism. As such, it can be expected that the takeover regime will experience some fundamental reform in coming years.

Based on the understanding that various jurisdictions have adopted different ways to regulate takeovers, China needs to seek some ideas for improving the existing takeover law, in line with the global perspective. Thus, a comparative research method is employed in this study with the aim of obtaining a better understanding of Chinese takeover law based on the earlier experiences of the UK and US. The goal of this thesis is to make an in-depth comparative analysis of the takeover regimes across the UK, US and China and put forward recommendations for Chinese takeover law reform.

To summarise the thesis, descriptions of legal regimes in the UK and US are set out in Chapters 2 and 3 respectively. Chapter 4 compares these two regimes and explains how divergences have arisen. In order to compare the Chinese regime with the UK and US regimes, Chapter 5 provides a comprehensive discussion on how the takeover regime in China has evolved and regulates takeover activities. Finally, Chapters 6 and 7 critically examine the appropriateness of Chinese takeover law in its own legal context. Chapter 8 concludes the thesis, with recommendations for future legal reform.

Citation

Wang, X. Takeover law in the UK, US and China : A comparative analysis and recommendations for Chinese takeover law reform. (Thesis). Salford Law School

• Thesis Type: Thesis
• Deposit Date: Dec 12, 2013
• Publicly Available Date: Dec 12, 2013
• Additional Information: Funders : Xiaofan Wang