Legal Aspects of Crowdfunding

This book offers a comparative perspective on 18 countries' legal regulation of crowdfunding. In the wake of the financial crises of 2008, use of this alternative financing method has increased substantially, in various forms. Whereas some states have adopted tailor-made regimes in order to regulate but also encourage this way of financing projects, allowing loans to be made by non-banking institutions, others still haven't specifically addressed the subject. An analysis of these diverse legislative stances offers readers a range of legal solutions for managing crowdfunding activities with regard to e.g. protecting investors, imposing limits on project owners, and finally the role and duties of intermediaries, i.e., companies operating crowdfunding platforms. In addition, the content presented here provides a legal basis for states and supranational organizations interested in regulating this phenomenon to achieve more legal certainty.

Presents a comparative approach to crowdfunding legal framework Offers a comparative perspective of 18 countries on legal regulation of crowdfunding Gives a range of legal solutions to manage crowdfunding activity

Autorentext
Caroline Kleiner is a full professor of Private international law at the Paris University (formerly University of Paris Descartes). Invited as a guest professor in many Universities (Doshisha (Kyoto), NYU (New York), Edinburgh, High College of Economy (Moscou)) she teaches Private international law as well as International Banking and Financial law. She contributes for almost 10 years to the comments of the French Monetary and Financial Code and publishes regularly on subjects related to financing and international litigation.

Inhalt

Part I. General Report Rapport general.-Les aspects juridiques du crowdfunding (rapport général).- Part. II. National Reports Rapports nationaux.-Le financement alternatif en droit belge.-Crowdfunding in Brazilian Law.-L'encadrement juridique du financement participatif au Canada.-Ask and you shall receive: Crowdfunding in Cyprus.-Legal Regulation on Crowdfunding in Estonia.- Crowdfunding Act Accelerating the Growth of Crowdfunding Market in Finland.- Le crowdfunding, ou l'adaptation du droit au service des investissements.- National Report: Regulation of Crowdfunding in Germany.- Legal Regulation of Crowdfunding in Greece.-Legal Regulation of Crowdfunding in Ireland.-Legal Regulation of Crowdfunding in Japan.- Netherlands National Report on Crowdfunding.- Polish Report: Crowdfunding in Poland.- Crowdfunding Regulation in Singapore.- Crowdfunding in Spain.- Overview of Crowdfunding in Switzerland.- Development of Crowdfunding in Taiwan.- The Legal Regulation of U.S. Crowdfunding: an Organically Evolving Patchwork.- Appendix: Questionnaire to National Reporters / Questionnaire adressé aux rapporteurs nationaux.