»The Exchange Offer under Takeover Law in the Event of Cumulative Application of German and US law. An Examination of Problem Constellations with Solution Proposals«: The author examines problem constellations that arise when carrying out an exchange offer under takeover law. A particular focus is on analyzing the compatibility of the requirements of German and US takeover law. The author analyzes in which takeover constellations a cumulative application of the two takeover regimes occurs and how resulting conflicts of law can be resolved.