A Theoritical examine about resposibility on Fairness Opinion issuer.

• Project/Area Number: 25780065
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Civil law
• Research Institution: Kanazawa University
• Principal Investigator: NAGAE Wataru 金沢大学, 法学系, 准教授 (20610786)
• Project Period (FY): 2013-04-01 – 2016-03-31
• Project Status: Completed (Fiscal Year 2015)
• Budget Amount: ¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000); Fiscal Year 2015: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000); Fiscal Year 2014: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000); Fiscal Year 2013: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
• Keywords: 企業買収 / M&A / 投資銀行 / 買収価格 / 信認義務 / 専門家責任 / 会社法 / 組織再編 / 民事法学

Outline of Final Research Achievements

Most of managers are retained some advice such like Fairness Opinion from investmentbankers due to their shortage of knowledge in M&A context. Neverthelss investmentbankers sometimes shows inppropriate Opinion due to thier insentives such like their rewards or gain from staple finance. This study targets how to recover their loss. To study this theme, Author studies U.S. case laws and argument of academics.

Research Products

• [Journal Article] 会社支配権取引と投資銀行の信認義務違反に係る教唆責任 (2016)
  • Author(s): 永江亘
  • Journal Title: 旬刊商事法務 Volume: 未定
• [Journal Article] 「MBOにおける全部取得条項種類株式の取得価格決定申立事件」 (2015)
  • Author(s): 永江亘
  • Journal Title: 金融・商事判例 Volume: 1457 Pages: 2-7
• [Journal Article] 振替株式についての価格決定事件における個別株主通知の要否 (2015)
  • Author(s): 永江亘
  • Journal Title: 旬刊商事法務 Volume: 2067 Pages: 149-155
• [Journal Article] 非上場会社の会社支配権取引と投資銀行の責任 (2015)
  • Author(s): 永江亘
  • Journal Title: 旬刊商事法務 Volume: 2074 Pages: 61-67
• [Journal Article] わが国の株式買取請求権生徒フェアネスオピニオンの位置づけ (2015)
  • Author(s): 永江亘
  • Journal Title: 金沢法学 Volume: 58-1 Pages: 43-59
• [Journal Article] ＭＢＯにおける全部取得条項付種類株式の取得価格決定申立事件 ──ホリプロ事件抗告審決定── (2015)
  • Author(s): 永江亘
  • Journal Title: 金融商事判例 Volume: 1457 Pages: 4-8
• [Book] 岸田雅夫先生古稀記念論文集 (2016)
  • Author(s): 永江亘
  • Publisher: 成文堂