The study deals with Huerta de Soto's thesis about the "mistaken doctrine of common law", which is based on the equalization of depositum irregulare and mutuum contracts. He concluded that equalization of these contracts resulted in the creation of business cycles. According to this study,...

English law is known for its robust approach to the issue of veil piercing. As such, it does not allow creditors to hold shareholders liable for company debts. This means that in the absence of contractual guarantees, shareholders are generally able to escape liability for failure within their...

‘Lifting of corporate veil' or disregarding of the corporate personality is a common buzz in the modern corporate arena. The English courts have been often asked to disregard the separate legal personality of a company and its shareholders. However, the UK courts rarely respond to this issue....

The Supreme Court case Prest v Petrodel Resources Ltd [2013] 2 AC 415 addresses the issue of whether, and if so in what way, the court is competent to pierce the corporate veil save any specific statutory authority to do so. In this context, Lord Sumption sheds further light on the doctrine of...

The surprising outcome of the referendum on the future membership of the United Kingdom (UK) in the European Union (EU) has given rise to a large number of political speculations and claims. They will have to be realized within the framework of EU law and British constitutional law. This paper...

Inspired by an essay written by a colleague about the general defects and the potential development of the present content and shape of the "Introduction to Economics" module in Hungarian business education, the author of this article examines the circumstances and essential elements of teaching...

This article provides a short introduction to recent happiness research and its applications to business or law that is organized as follows. Section I briefly considers: (1) troubling and not so troubling reservations about happiness research, and (2) how money and happiness are related....

The aim of the present work is to analyse the case law of the Court of Justice and the General Court in order to understand how EU competition law influences the parent–subsidiary relationship as well as other legal relationships among entities enjoying separate legal personality under...

Every legal term has a specific meaning. In order to determine the meaning of a given legal term, regard has to be made, inter alia, to the context in which it is used (systematic interpretation). A given legal term may thus have different implications, depending on the context (specifically:...