Book recommendation: Theodor Baums explains the law of corporate finance

With „The Law of Corporate Finance“ Theodor Baums, Professor for Civil and Business Law at the Institute for Law and Finance of Goethe University, presents a detailed comprehensive manual regarding the legal bases and numerous individual questions of corporate financing. The author illustrates the aspects of equity financing and debt financing of corporations, partnerships, and sole proprietorships under company, accounting, and insolvency law, providing many examples. He also expands upon group financing, restructuring financing as well as several special financing forms.

As for corporations, the author discusses questions regarding IPOs, increases of capital or the issue of employee shares in detail while also treating aspects of hybrid financing instruments like participation rights or financing by private equity. In debt financing, Baums gives an overview on the forms of credit, explains the fundamentals of credit protection, and presents various types of bonds companies can use to finance themselves.

The 800 page manual aims at students as well as lawyers or corporate counsels or legal experts in banks and financial service providers. The book is published by Beck-Verlag and costs 169 euros.

Prof. Dr. Dres. h.c. Theodor Baums has the Endowed Chair for Civil and Business Law at the Institute for Law and Finance (ILF) at Goethe University Frankfurt, which he founded and where he now serves as a member of the management board and he is an IMFS Distinguished Fellow. Currently he is a member of the German governments' commission on the Corporate Governance Code. Baums is co-editor of several scientific journals and publication series. He has published more than 150 books and articles on corporations, civil and antitrust law.