{"id":332843,"date":"2025-02-11T11:40:50","date_gmt":"2025-02-11T10:40:50","guid":{"rendered":"https:\/\/ga-p.com\/?post_type=publicacion&p=332843"},"modified":"2025-02-11T11:40:55","modified_gmt":"2025-02-11T10:40:55","slug":"the-concept-of-transferable-securities-and-the-exclusion-of-municipalities-as-qualified-investors-for-the-purposes-of-prospectus-publications-cjeu-judgment-of-9-january-2025","status":"publish","type":"publicacion","link":"https:\/\/ga-p.com\/en\/publications\/the-concept-of-transferable-securities-and-the-exclusion-of-municipalities-as-qualified-investors-for-the-purposes-of-prospectus-publications-cjeu-judgment-of-9-january-2025\/","title":{"rendered":"The concept of transferable securities and the exclusion of municipalities as qualified investors for the purposes of prospectus publications: CJEU judgment of 9 January 2025"},"content":{"rendered":"
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In this judgment, the CJEU considers that shares whose transfer is subject to approval by the board of directors can be considered transferable securities for the purposes of the European prospectus legislation and MiFID.<\/p>\n\n\n\n

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Autor\/s<\/div>\n
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\n <\/span>\n Reyes Pal\u00e1<\/span>\n – Academic Counsel<\/span>\n <\/p>\n <\/div>\n <\/div>\n \n \n

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\n <\/span>\n Analysis<\/span>\n <\/p>\n <\/div>\n \n

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Reyes Pal\u00e1<\/div>\n
Consejera Acad\u00e9mica<\/div>\n
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\n \"email\"\n\n rpala@ga-p.com<\/a>\n <\/div>\n
\n \n Madrid<\/a>\n <\/div>\n <\/div>\n <\/div>\n
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Consejera Acad\u00e9mica<\/div>\n
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\n \n Madrid<\/a>\n <\/div>\n <\/div>\n <\/div>\n
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\n Banking and Finance, <\/a>\n Capital Markets, <\/a>\n Corporate and M&A<\/a>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n \"icon\"\n\n \"icon\"\n\n <\/div>\n\n <\/div>\n <\/div>\n <\/div>\n
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In this judgment, the CJEU considers that shares whose transfer is subject to approval by the board of directors can be considered transferable securities for the purposes of the European prospectus legislation and MiFID. <\/p>\n","protected":false},"featured_media":322569,"template":"","publicacion_categoria":[126],"class_list":["post-332843","publicacion","type-publicacion","status-publish","has-post-thumbnail","hentry","publicacion_categoria-analysis-en"],"acf":[],"yoast_head":"\nThe concept of transferable securities and the exclusion of municipalities as qualified investors for the purposes of prospectus publications: CJEU judgment of 9 January 2025 - Despacho de abogados G\u00f3mez-Acebo y Pombo<\/title>\n<meta name=\"description\" content=\"In this judgment, the CJEU considers that shares whose transfer is subject to approval by the board of directors can be considered transferable securities for the purposes of the European prospectus legislation and MiFID.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ga-p.com\/en\/publications\/the-concept-of-transferable-securities-and-the-exclusion-of-municipalities-as-qualified-investors-for-the-purposes-of-prospectus-publications-cjeu-judgment-of-9-january-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The concept of transferable securities and the exclusion of municipalities as qualified investors for the purposes of prospectus publications: CJEU judgment of 9 January 2025 - 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