Die Compliance Due Diligence im M&amp;A-Prozess: Zur Herleitung und Reichweite maßgeblicher Pflichten des Erwerbervorstands

Raphael Schubert LL.M.

doi:10.5771/9783689007768

Summary

Behind the polished exterior of a target company, numerous compliance and legal risks may remain hidden. It is therefore essential to clarify the corporate-law duties of the management board of an acquiring stock corporation in the M&A process. As an instrument for assessing the target’s legal compliance, compliance due diligence can enhance risk transparency and generate distinct economic value. Drawing on a doctrinal legal analysis of the duties to ensure and monitor legality and maintain compliance, the study develops criteria for determining whether such a review is required and for defining its nature, scope and methodology. The book addresses academics and practitioners in corporate law, compliance and M&A.