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Journal Article

Issuing new shares and preemptive rights : a comparative analysis


Ventoruzzo,  Marco
Max Planck Institute Luxembourg, Max Planck Society;

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Ventoruzzo, M. (2013). Issuing new shares and preemptive rights: a comparative analysis. Richmond journal of global law and business, 12(4), 517-542.

Cite as: https://hdl.handle.net/11858/00-001M-0000-0026-B462-D
The question of whether the corporate law of Europe and America are converging is still largely unanswered. One fundamental area in which the two systems diverge concerns how they regulate the issuing of new shares, in particular preemptive rights, a problem rarely addressed by comparative corporate law scholars. This essay fills that gap by examining the major comparative differences between the approaches followed on the two sides of the Atlantic, and offers some possible explanations for this divergence.