European Court Tightens Disclosure Rules — The Harvard Law School Forum on Corporate Governance

Small business of-interest, particularly for those who are global.   News-to-watch.

Excerpt:  On June 28, 2012, the European Court of Justice (“ECJ”) issued an important judgment that will have a significant impact on the disclosure of non-public, price-sensitive information (so-called “inside information”) by public companies listed on stock exchanges in the European Union (“EU”). The decision clarifies the definition of inside information in cases where the circumstances relevant to the disclosure develop over time, potentially involving several intermediate steps. The ruling is the latest in a string of court decisions concerning the spectacular departure of Daimler’s CEO in summer 2005 and the company’s allegedly late disclosure of this event.

Read full article via European Court Tightens Disclosure Rules — The Harvard Law School Forum on Corporate Governance and Financial Regulation.

Advertisements

3 Comments

Filed under Small Business

3 responses to “European Court Tightens Disclosure Rules — The Harvard Law School Forum on Corporate Governance

  1. Pingback: Changes to Insolvency Rules aims to save industry £45 million each year

  2. Pingback: Dr. Fuhrman’s Nutritarian Lifestyle – World’s Weirdest Smoothie! | Ear Disorders