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Paul Davies

Allen & Overy Professor of Corporate Law 

Paul Davies is the Allen & Overy Professor of Corporate Law and Professorial Fellow of Jesus College. He was educated at the Universities of Oxford (MA), London (LLM) and Yale (LLM). He was elected a Fellow of the British Academy in 2000, an honorary Queen's Counsel in 2006 and an honorary Bencher of Gray's Inn in 2007. He is a deputy chairman of the Central Arbitration Committee. His first teaching job was as Lecturer in Law at the University of Warwick (1969-1973). Then he was elected Fellow and Tutor in Law at Balliol College Oxford and successively CUF Lecturer, Reader and Professor in the Faculty. Between 1998 and 2009 he was the Cassel Professor of Commercial Law at the London School of Economics and Political Science.


Subject groups : Corporate Finance : Comparative and European Corporate Law : Company Law

Publications (sorted by year)

Davies, R Kraakman, J Armour and L Enriques, The Anatomy of Corporate Law, Second Edition (OUP 2009)

Abstract: This book explains in detail how and why the principal European jurisdictions, Japan, and the United States sometimes select identical legal strategies to address a given corporate law problem, and sometimes make divergent choices. After an introductory discussion of agency issues and legal strategies, the book addresses the basic governance structure of the corporation, including the powers of the board of directors and the shareholders meeting. It proceeds to creditor protection measures, related-party transactions, and fundamental corporate actions such as mergers and charter amendments. Finally, it concludes with an examination of friendly acquisitions, hostile takeovers, and the regulation of the capital markets


ISBN: 978-0-19-956584-9

Davies, Gower and Davies Principles of Modern Company Law, Eighth Edition (Thomson/Sweet & Maxwell 2008)

Abstract: This is a textbook on English company law which deals with all the elements of core company law (separate legal personality, limited liability, board and shareholder relations, majority and minority shareholder relations, accounts and audit) as well as with corporate finace (including share issues, market manipulation and takeovers). It aims to provide a strong analytical structure as well as a detailed treatment of the law.


ISBN: 978-0421-94900-3

Davies and M Freedland, Towards a Flexible Labour Market (OUP: Oxford Monographs on Labour Law 2007)

Abstract: Taking as its starting point the authors’ earlier work on Labour Legislation and Public Policy, this book provides a detailed account and critical analysis of British labour legislation and labour market regulation since the early 1990s. Referring back to the earlier history, and filling in the gaps in the early and mid-1990s, the work concentrates mainly on the legislation and policy measures in the employment sphere of the New Labour governments which have been in power since 1997, placing those developments in the context of the relevant aspects of European Community law. The work argues for an understanding of this body of legislation and regulatory activity as being directed towards the realisation of a flexible labour market, and shows how this objective has been pursued in three intersecting areas, those of regulating personal or individual employment relations, regulating collective representation, and promoting work. It explores the methods of regulation which have been used, developing a taxonomy of regulation and a notion of ‘light regulation’ to characterise some recent legislative interventions. It considers how far the administration of Prime Minister Tony Blair has fulfilled its promises or claims of ‘fairness at work’, ‘welfare to work’ and ‘success at work’. It is intended to be of interest to those concerned with the study of British and European labour or employment law, employee relations or human resource management, labour market economics, and contemporary politics.


ISBN: 978-0-19-921788-5

Davies, Introduction to Company Law (OUP: Clarendon Law Series 2002)

Abstract: This is an introductory book, not in the sense that it presents the law in a simple way, but in the sense that it provides a high-level framework for analysing company law. It relates that high-level framework to the main elements of British company law and stimulates discussion and debate about law reform.


ISBN: 0-19-924940-7


Correspondence address: Jesus College, Turl Street, Oxford OX1 3DW

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