Table of Contents: Marcus Lutter: Legal capital of public companies in Europe - Executive summary of considerations by the expert group on "Legal Capital in Europe" Horst Eidenmuller/Barbara Grunewald/Ulrich Noack: Minimum Capital in the System of Legal Capital Andreas Pentz/Hans-Joachim Priester/Andre Schwanna: No. No. No. Rudiger Veil: Capital Maintenance - The regime of the Capital Directive versus Alternative Systems Holger Fleischer: Disguised Distributions and Capital Maintenance in European Company Law Susanne Kalss/Nikolaus Adensamer/Janine Oelkers: Director's Duties in the Vicinity of Insolvency - A comparative analysis with reports from Germany, Austria, Belgium, Denmark, England, Finland, France, Italy, the Netherlands, Norway, Spain and Sweden Karsten Schmidt: Grounds for Insolvency and Liability for Delays in Filing for Insolvency Proceedings - Necessary Supplement to Capital Protection Hanno Merkt/Gerald Spindler: No. No. No. Tim Drygala: Director's Liability in the Member States of the European Union Heribert Hirte/Tim Lanzius/Sebastian Mock: Director's disqualification and creditor protection Jens Ekkenga/Walter Bayer: Fixed capital within the stock corporation law and its implication for minority and investor protection Ulrich Huber/Mathias Habersack: Special Rules for Shareholder Loans ( Part I): Which Consequences Would Arise For Shareholder Loans if the System of Legal Capital Should be Abolished? Christoph G. Paulus: Claw- back Rules and Creditors' Protection Kuhner: The Future of Creditor Protection through Capital Maintenance Rules in European Company Law Bernhard Pellens/Thorsten Sellhorn: Improving creditor protection through IFRS reporting and solvency tests.