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The concept of transferable securities and the exclusion of municipalities as qualified investors for the purposes of prospectus publications: CJEU judgment of 9 January 2025 - Despacho de abogados Gómez-Acebo y Pombo
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The concept of transferable securities and the exclusion of municipalities as qualified investors for the purposes of prospectus publications: CJEU judgment of 9 January 2025

icon 11 of February, 2025

In this judgment, the CJEU considers that shares whose transfer is subject to approval by the board of directors can be considered transferable securities for the purposes of the European prospectus legislation and MiFID.

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Autor/s

Reyes Palá – Academic Counsel

Tipology

Analysis

Areas and sectors

Corporate Governance