According to recent law and finance research, legislation is essential to financial development. More effi-cient financial markets would be achieved by reforming the laws governing investor protection and cor-porate governance systems. The Companies Act has traditionally played a very important...

Finnish Abstract: Kirjan osiossa keskustellaan yritysten saatavien subordinaatiosta (alistamisesta) vertailevasti Suomen ja Englannin oikeuden nojalla. Velkasubordinaation tehokkuus riippuu siitä, tarkastellaanko tilannetta velallisen vai alistetun velkojan maksukyvyttömyystilanteessa. Sen...