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Reform of the Prospectus Regime
Illmann, Erik ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
in English This diploma thesis explores the ongoing reform of the prospectus regime in the European Union. On 30 November 2015, the European Commission presented a proposal for a new regulation, which is to replace the current so-called Prospectus Directive. The primary aim of this thesis is determine the shortcomings of the current prospectus regime and to critically analyze the proposal in order to determine, whether it addresses these shortcomings and whether it improves the prospectus regime in general. The thesis consists of three main parts: the first introduces the prospectus, its characteristics and current regulation in the EU; the second explores and analyses the proposal itself and makes conclusions on the proposed changes; the third and final part explores the topic of prospectus liability and conflict-of-law rules. Based on the conducted research I arrive at the conclusion that the biggest issues of the current prospectus regime are the high costs connect to the preparation of a prospectus, inflexible disclosure requirements for certain types of issuers, ineffective retail investor protection and diverging implementation of the Prospectus Directive across EU member states. While the European Commission's proposal addresses most of these shortcomings and certainly represents an...
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Reasons for Relocating Capital Cities and Their Implications
Illmann, Erik ; Romancov, Michael (advisor) ; Kofroň, Jan (referee)
REASONS FOR RELOCATING CAPITAL CITIES AND THEIR IMPLICATIONS Bachelor Thesis Erik Illmann Abstract This bachelor thesis explores the process of capital city relocation. Its aim is to create a typology of reasons, why capital cities move. In the first part the thesis describes capital cities from a theoretical viewpoint and introduces theories relevant to their relocations - the growth centre (pole) theory, the theory of nation-building, and a theory determining the relationship between capital cities, distance, and conflict. In the second part it explores the cases of fifteen relocations of capital cities since the year 1900 and two currently considered relocations. Based on these case studies I arrive at the conclusion that there are five reasons why capital cities move: 1. Nation-building purposes, 2. Spread of regional development, 3. Issues of the capital city, 4. To mitigate the threat of insurrection, and 5. The decision of the leader.
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Reform of the Prospectus Regime
Illmann, Erik ; Kohajda, Michael (advisor) ; Kotáb, Petr (referee)
in English This diploma thesis explores the ongoing reform of the prospectus regime in the European Union. On 30 November 2015, the European Commission presented a proposal for a new regulation, which is to replace the current so-called Prospectus Directive. The primary aim of this thesis is determine the shortcomings of the current prospectus regime and to critically analyze the proposal in order to determine, whether it addresses these shortcomings and whether it improves the prospectus regime in general. The thesis consists of three main parts: the first introduces the prospectus, its characteristics and current regulation in the EU; the second explores and analyses the proposal itself and makes conclusions on the proposed changes; the third and final part explores the topic of prospectus liability and conflict-of-law rules. Based on the conducted research I arrive at the conclusion that the biggest issues of the current prospectus regime are the high costs connect to the preparation of a prospectus, inflexible disclosure requirements for certain types of issuers, ineffective retail investor protection and diverging implementation of the Prospectus Directive across EU member states. While the European Commission's proposal addresses most of these shortcomings and certainly represents an...
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Reasons for Relocating Capital Cities and Their Implications
Illmann, Erik ; Romancov, Michael (advisor) ; Kofroň, Jan (referee)
REASONS FOR RELOCATING CAPITAL CITIES AND THEIR IMPLICATIONS Bachelor Thesis Erik Illmann Abstract This bachelor thesis explores the process of capital city relocation. Its aim is to create a typology of reasons, why capital cities move. In the first part the thesis describes capital cities from a theoretical viewpoint and introduces theories relevant to their relocations - the growth centre (pole) theory, the theory of nation-building, and a theory determining the relationship between capital cities, distance, and conflict. In the second part it explores the cases of fifteen relocations of capital cities since the year 1900 and two currently considered relocations. Based on these case studies I arrive at the conclusion that there are five reasons why capital cities move: 1. Nation-building purposes, 2. Spread of regional development, 3. Issues of the capital city, 4. To mitigate the threat of insurrection, and 5. The decision of the leader.
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