Volume 10 (2013)

Volume 10 (2013) / Issue 1

Peer Schauburg-Müller, Erik Werlauff, 'Disclosure of Price-sensitive Information: What Effect Do ‘Intermediate Steps’ Have on the Statutory Disclosure Date?' (2013) 10 European Company Law, Issue 1, pp. 7–10


On the basis of the European Court's judgment in the Daimler case, this article analyses the effect of a series of intermediate steps leading up to a price-sensitive event which is subject to public disclosure on the date on which that duty is triggered. Such intermediate steps have a greater effect than has previously been generally assumed, and intermediate steps over a prolonged period may have the effect of bringing the date of disclosure forward.

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ISSN: 1572-4999
ID: EUCL2013002