Private independent limited partnership venture capital funds receive capital from institutional investors, without tax incentives. Limited partnership investment activities are governed by restrictive covenants that are determined by negotiated contract between the fund managers (general...

Die Rechtsordnung der Bundesrepublik Deutschland stellt prinzipiell zwei Möglichkeiten der Organisation von Unternehmen zur Verfügung: Ein Unternehmer kann sein Unternehmen einzelkaufmännisch betreiben und allein führen; er kann sich jedoch auch mit mehreren anderen Personen...

The "law and finance theory" is an ambitious and fascinating attempt to combine insights from the theory of corporate finance, institutional economics, legal and economic history as well as the recent studies on the determinants of economic growth into an encompassing theory, thereby filling...

“A House of Cards Falls: Why ‘Too Big to Debar’ is All Slogan and Little Substance” is a critical response to the article, "FCPA Sanctions: Too Big to Debar" by Drury D. Stevenson and Nicholas J. Wagoner, which aptly demonstrates a common, yet fundamentally flawed understanding of the...

The JOBS Act of 2012 reflects the largest deregulatory change to the Securities Exchange Act of 1934 over its more than 75 year history. It contracts the coverage of those companies subject to the obligations of ‘publicness' and it introduces an 'on ramp' that will permit most newly-public...

In an ongoing dispute, FDA asserts that autologous cultured stem cells used in treatments for orthopedic conditions are drugs and biological products subject to licensing and good manufacturing practice requirements, while the company providing the treatments claims FDA has no authority over its...

This article explores issues from the use of equity swaps by corporate stakeholders under Singapore law. The article accepts that non-disclosure of economic interests might have an impact on market efficiency and corporate governance. To address potential problems, Singapore should consider...

In December 2011, prosecutors in the United States of America announced the settlement of cases against Magyar Telekom and Deutsche Telekom in respect of bribery of officials in two countries in the Balkans. In the Former Yugoslav Republic of Macedonia (FYROM) they had obtained a delay in a...