Azioni proprie e contratti derivati

The book focuses on some specific derivative contracts which have become widespread mostly in the United States starting from the 1990s. They consist of various types of derivatives (options, futures, swaps and combination thereof) the underlying products of which are shares issued by the companies that are parties to such contracts. The purpose of the derivatives at issue is to assist companies in buy-back transactions. However, they can also be relevant in relation to market abuse practices. The book identifies the aspects of the legal treatment of shares buy-backs which govern such derivative transactions, by taking into consideration the relevant rules and principles of company law and securities regulation in the US, the UE and in Italy.