Political Path Dependency in Practice: the Takeover Directive

Summary:

This article looks at the Takeover Directive from a bird’s-eye perspective before exploring the three issues set out below.

Firstly, taking the implied and express premises of the Directive as read, the article attempts to assess the Directive on its own terms. The article then considers whether these same premises form a sound basis for legislative action. Finally, the article considers the Directive’s overall perspective. Is this perspective, which forms the basis of the Directive’s premises and provisions, sufficiently wide and is the Directive’s scope sufficiently all-encompassing?

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