Petri Mäntysaari Livres

Focusing on funding transactions, this volume explores how firms manage cash flow through various legal tools and practices. It delves into the intricacies of investments, particularly the legal aspects of investment contracts and obligations. The discussion includes the significance of funding strategies, exit strategies, and the complexities surrounding business acquisitions. By examining these elements from the perspective of a firm seeking funding, the book also sheds light on how these transactions impact risk and investment dynamics.

Focusing on the role of contracts in managing cash flow, risk, agency relationships, and information, this volume deconstructs generic contracts utilized by non-financial firms. It emphasizes the importance of well-drafted contracts to minimize risk and ensure intended cash flows. Additionally, it explores payment obligations inherent in financial instruments, ranging from simple sales contracts to traditional lending agreements. Subsequent volumes will address specific contract types, including investment and multi-party contracts relevant to business acquisitions and corporate finance.

Focusing on the internal wholesale electricity market in Northwestern Europe, this book explores the legal tools and practices utilized by electricity producers. It delves into both the physical and financial aspects of the market, covering essential topics such as electricity supply, balancing, transmission, and derivatives. By adopting a functional perspective, it goes beyond EU-level regulations to analyze the business models and practices of key market participants, providing a comprehensive understanding of the market's mechanisms.

Focusing on the law of corporate finance, this comprehensive three-volume work explores its application within non-financial firms. The first volume lays the groundwork by connecting corporate risk management, agency relationships, governance, and information management. The second volume delves into managing risks and contractual obligations, including counterparty risk. The final volume covers various funding strategies, exit transactions, and the legal implications of takeovers, providing a thorough understanding of financial decision-making in a corporate context.

This book defines the characteristics of a new discipline that is both legal and scientific: user-friendly legal science. Focusing on how legal tools and practices can be used to achieve objectives in different contexts, it offers an alternative to doctrinal research, law-and-something disciplines, and the traditional interdisciplinary approach. The book not only defines the new discipline’s research approach, point of view, theory-building, and research methods, it also shows how it relates to other scientific disciplines and how existing doctrinal legal disciplines can be upgraded into scientific disciplines.

The first volume addressed the management of cash flow, risk, agency relationships, and information within commercial transactions, utilizing legal tools and practices. The second volume focused on investments, emphasizing the significance of voluntary contracts as essential legal instruments for firms. It introduced the general legal aspects of investment contracts and payment obligations. This volume expands on funding transactions, exit strategies, and critical decisions related to business acquisitions. From the perspective of a firm seeking funding, these transactions are viewed as funding activities, while for investors providing the funding, they are seen as investment transactions. Although the primary focus is on the firm's perspective in raising funds, it also covers the legal aspects of various investment transactions. Funding transactions are crucial for managing cash flow, as all investments require some form of funding. The firm's funding mix significantly impacts risk. The primary methods for raising funds include utilizing retained profits and optimizing existing assets. Additionally, firms can secure funding through bank loans or by issuing debt, equity, or mezzanine securities to a select group of investors.

The theoretical basis of commercial law, corporate governance law, and corporate law is still unsatisfactory. There essentially is no theory of commercial law, and existing theories of corporate governance and corporate law cannot explain the behaviour of firms or the contents of existing regulation. This book proposes a coordinated solution for all three areas. The starting point is that all three areas deal with the organisation of firms. Commercial law, corporate governance, and corporate law are therefore studied from the perspective of the firm rather than that of the judge or the investor. Changing the perspective makes it easier to formulate an "umbrella" theory of commercial law, and theories of corporate governance and corporate law as applications of the main theory. The book provides examples of how the proposed theories work by studying legal corporate governance tools and practices that increase the sustainability of the firm. Sustainability can be bolstered by making the governance model more self-enforcing and ensuring that it fosters innovation.

It is fairly easy for a Finnish Jurist to understand German Company law. On the other hand, UK Company law seems very confusing. What is even more confusing is that the UK corporate govemance model is often regarded as one of the best in the World. Clearly German law cannot be as bad as it is often said to be. This books results from these kinds of thoughts and an interest in comparative law, Company law and securities markets law. I wanted to find out whether the functional method would give anything new to say about the regulation of corpo rate govemance in Germany and the UK. As I have been lecturing on Company law and corporate govemance myself, I also wanted to write a book that I could use as a textbook in my courses. For this reason, I focused on one of the key questions in corporate govemance: the regula tion of shareholder activism.