Property in Securities, Cambridge University Press 2007
Micheler analyses
the German, Austrian and English law of securities, addressing the
rules governing transfers of securities, including unauthorised
transfers, equities arising out of defective issues, and the holding
of securities through intermediaries. The book presents an account
of the current English, German and Austrian regimes. It has been
written with a view to explaining the German and Austrian regime to
readers with a common law background and to explaining the English
regime to readers with a civil law background. Micheler also aims to
determine whether globalisation will cause the two different
approaches to converge. It concludes that the respective rules in
all three jurisdictions have historically evolved consistently with
incumbent legal doctrine. This pattern of change is likely to
continue. Convergence will occur on a functional rather than
doctrinal level. Moreover, recent reform initiatives advanced by the
UNIDROIT and the EU will lead to functional rather than doctrinal
convergence.
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Wertpapierrecht zwischen Schuld- und Sachenrecht, zu einer
kapitalmarktrechtlichen Theorie des Wertpapierrechts (Springer
Verlag Vienna 2004) (German, 421 pages)
Joint Ventures in English and German Law (Hart Publishing
Oxford 2000) (editor; co-editor: D Prentice) (181 pages)

Business
between England and Germany has flourished in recent years and
looks set to continue to develop in coming years. This
collection examines the legal framework of joint ventures
between English and German companies. It addresses the laws in
these two countries and draws helpful comparisons between the
two. The contributions point out pitfalls that lawyers who are
not familiar with both German and English law are likely to
overlook and which may cause major problems when joint venture
companies are established.
This book consists of four parts. Each of these has been
written by a team of leading German and English lawyers. The
authors are specialists in this field and the contributions are
rich with their practical insights. The studies were presented
at the 1999 Anglo-German Law Conference in Oxford,organised
under the auspices of the Oxford Law Faculty, with the support
of three leading English and German Law firms.
The first part deals with the formation of a joint venture
company. It discusses the types of companies which are usually
used to establish joint ventures as well as the rights and
obligations of members. It also addresses the law and legal
practice relating to memoranda of understanding, warranties and
indemnities, joint venture agreements, and the valuation of
contributions. The second part concerns the management of joint
venture companies. It analyses how shareholders can influence
management decisions, the rights and obligations of directors
and parent companies, as well as the legal position of minority
shareholders. This part also describes the relevant laws
protecting employees. The third part addresses European Union as
well as English and German competition law. It considers the
circumstances which trigger merger control mechanisms and
presents two illuminating case studies. The last part deals with
the termination of joint ventures. It presents and analyses
several popular termination clauses including Russian Roulette,
pre-emption rights, and rights of first refusal.
This collection will be indispensable to practising lawyers
and in-house counsel whose practice touches on Anglo-German
business affairs. It will also be of real interest to legal
academics concerned with European commercial or comparative law.
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for publisher's site
Codex Tschechien and Codex Slowakei (Bank Austria
Vienna 1998) (German) I Buckova, L Zinanska, E Micheler
Two books on the legal systems of the Czech Republic and the
Slovak Republic respectively
Wirtschaftsrechtsindex Mittel- und Osteuropa (eine Bibliographie
zum Wirtschaftsrecht folgender Länder: Tschechien, Slowakei, Ungarn,
Bulgarien, Rußland, Polen, Slowenien und Kroatien) (Berlin
Verlag Berlin 1998) (German, 1058 pages) (co-editors: P Doralt and M
Schauer)
Bibliography of law journal articles on the business laws of
Czech Republic, Slovak Republic, Hungary, Bulgaria, Russia,
Poland, Slovenia, and Croatia.
(Schein-) Werkverträge, Kettenarbeitsverhältnisse, kollektive
Rechtsgestaltung und betriebliche Mitbestimmung bei Wissenschaftern
(Linde Verlag Vienna 1996) (German, 132 pages) E Micheler, R Peschek
A book on the legal status of employed scientists and
researchers in contractual as well as collective labour law
Investieren in Slowenien (Servicefachverlag Vienna 1995)
(German, 245 pages) J Tischler, F Martic and E Micheler,
A book on Slovenian business law
Die Russische Aktiengesellschaft (Servicefachverlag Vienna
1993) (German, 106 pages) E Micheler, E Puseizer and V Kozak.
A book on the Russian joint stock company
'Facilitating investor engagement and
stewardship' E.B.O.R. 2013, 14(1), 29-56
This article puts forward the idea that the creation of an online review facility where all market participants are able to review and rate all companies listed in a particular market would solve a number of problems that currently prevent shareholders, in particular institutional investors and the ultimate beneficiaries of investment vehicles such as pension funds, from engaging with companies. It would also allow shareholders and stakeholders with a long-term focus to engage with companies. It is suggested that all listed companies should be required to have a link to this review and rating facility on their website. Listed companies should have the ability to respond to the reviews and ratings on the site. Furthermore, the review facility should be regulated. The arrangement currently used for appointing and overseeing the operator of the UK securities settlement system could serve as a model.
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'Disguised returns of capital - an arm's length
approach' Cambridge Law Journal 69 (1) 2010, pp151-185
'English and German Securities Law : A Thesis in Doctrinal Path
Dependence' (2007) Law Quarterly Review
pp.251-285
Discusses corporate
governance issues, particularly in relation to the
forces driving globalisation. Argues that legal
development is determined by the framework doctrines of
the relevant legal system under which it operates and
that legal doctrine shapes legal development. Provides a
case study, based on securities law, illustrating the
convergence of laws, the forces behind them and the
associated implications.
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'Dokumentenlose Namenspapiere im
Russischen Recht' in S Kalss, C Nowonty, and M Schauer (eds)
Essays for Peter Doralt (Festschrift für Professor Doralt) 391
(Manz Verlag Vienna 2004) (German)
Chapter on paperless
registered shares in Russian law.
'Gläubigerschutz im englischen
Gesellschaftsrecht - Reformvorschläge mit Implikationen für
Europa'
[2004] Zeitschrift für Unternehmens- und Gesellschaftsrecht
324 (German)
Article on creditor
protection in English company law, a recent reform
proposal and its implications for Europe
'Investitionsrecht in der Russischen
Föderation' (co-author: Ingeborg Bauer-Mitterlehner) in W
Breidenbach (ed) Commercial Law in Eastern Europe (Wirtschaft und
Recht in Osteuropa) (Verlag Beck Munich 2003) (German)
Chapter on the law
relating to foreign investment in Russia.
'Allgemeines Verfahrensrecht in der
Russischen Föderation' (co-author: Ingeborg Bauer-Mitterlehner) in W Breidenbach (ed) Commercial Law in
Eastern Europe (Wirtschaft und Recht in Osteuropa) (Beck
Verlag Munich 2003) (German)
Chapter on the law of
civil procedure in Russia.
Commentary in P Doralt, C Nowotny, and
S Kalss (ed) Commentary on the Joint Stock Companies Act
(Kommentar zum Aktiengesetz) (Linde Verlag Vienna 2003) (German)
Commentary on the sections
on shares and private international law of the Austrian
Joint Stock Companies Act.
'Recognition of Companies Incorporated
in other EU Member States' (2003) 52 International and
Comparative Law Quarterly 521
'Farewell Quasinegotiability? - Legal
Title and the Transfer of Shares in a Paperless World' [2002] The
Journal of Business Law 358
'Der Englische Trust im Vergleich zur
österreichischen Privatstiftung, Allgemeine Bemerkungen und
ausgewählte Fragen zur corporate governance von Trust und
Privatstiftung' in P Doralt and S Kalss, The Austrian private
foundation - current issues (Aktuelle Fragen des
Privatstiftungsrechts) (Linde Verlag Vienna 2001) 291 (German)
Article comparing the
English trust with the Austrian private foundation.