Announcement: Changes in the Editorial Board

Dear Readers,

After almost three years of work with the KSLR Commercial & Financial Law Blog — of which one and a half as Editor-in-Chief —  it is with sadness that I announce that competing work committments force me to step down from the editorial board effective from 1st February. I leave the blog in the competent hands of the KSLR editors.

I am extremely proud of the goals that the Blog has achieved. Last year we doubled the number of posts published, created a LinkedIn page, and the “Reporter” position, issued numerous calls for papers, set up the “Latest Focus” and “Events Bulletin” sections, and doubled the number of FB followers.

For all of these achievement, I am thankful to both my amazing team for their terrific work and to all of you for your support!

Keep following the Blog and good luck to the new Editors!

Giorgia

Brexit: Where Do We Stand? Conference Report

 Leonardo Pasqui, Erasmus + Trainee at King’s College London

The text below is a report of the Young European Lawyers (YEL) event, held at King’s College London (KCL) on 19 October 19 2018. The event was introduced by Professor Andrea Biondi, Director of the KCL Centre of European Law. The panel included Dr Maria Laura Marceddu, Dr Simon Tans, and Dr Gabriele Gagliani

The three speakers discussed the uncertainties arising out of Brexit in trade related fields: the future relations of the United Kingdom (UK) with the European Union (EU), the freedom of movement of workers, and the rules on intellectual property.

At the outset, the speakers clarified that they acknowledge and respect the will of the British people to leave the EU. Their presentations should thus be read as neutral legal considerations of the consequences of the Brexit vote. Continue reading

Sign of the Times: A Critical Examination of Financial Assistance Laws in India

Ankit Sharma[1], Himanshu Pabreja[2]

Introduction

The prohibition on the grant of financial assistance by a company to any person for the purpose of purchasing or acquiring the company’s own shares is typical of common law jurisdictions.[3] The practice was originally introduced in the United Kingdom after the Greene Committee expressed its disaffection with the practice of ‘asset stripping’ takeovers,[4] whereby the resources of the target company and its subsidiaries are used directly or indirectly to assist the purchaser financially to make the acquisition. Indeed, as the target company remains to be an empty shell, the practice is seen as liable to prejudicing the interests of the creditors of the target company, or of any shareholders who do not accept the offer for their shares to be acquired, or the existing shareholders of the company who are not extended an offer for purchase of their shares by such purchaser.[5] Continue reading

Making the Dispute Settlement Understanding (DSU) ‘Great Again’

Isabelle Wenger, LL.M. in International Dispute Resolution at King’s College London

‘The dispute settlement system negotiated during the Uruguay Round seems to me still today an extraordinary achievement that comes close to a miracle. It seems to me to be wise not to take its existence for granted and to be guaranteed forever but to contribute to its consolidation and further developing in pursuing with circumspection and caution, but also with courage and in total independence, the road, which has been taken, and which has proved so far to be a notable success.’[1]

Continue reading