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MERGER BREAKUP FEES: A CRITICAL CHALLENGE TO ANGLO-AMERICAN CORPORATE LAW

I. INTRODUCTION

The field of mergers and acquisitions (M&A) has witnessed more innovative legal approaches in recent years than any other area of corporate law. The United States and the United Kingdom lead the development of North American and European M&A law, though their approa ches are by no means uniform. Nevertheless, the prevalence of cross-border mergers between U.S. and U.K.-based companies has brought greater Anglo-American regulatory harmonization. Because the M&A market plays an immense role in continually reshuffling and reshaping our global economy, many leg al scholars have explored varying aspects of takeover law and regulation. The pinnacle of M&A legal ...

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