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current implementation of shareholder derivative actions in the courts of the People's Republic of China (“PRC”), both before … underlying derivative actions directed at corporate fiduciaries, on one hand, and others (such as controlling shareholders), on … the courts in China, this use of the derivative action seems to be entirely limited to the closely-held form of …
Persistent link: https://www.econbiz.de/10013092047
investment on the other hand, treat claims for damages by company shareholders differently. Advanced domestic systems generally … bar shareholders from claiming for reflective loss – loss that arises from injury to "their" company (such as a decline in … the value of shares). The claim for the loss belongs to the injured company and not to its shareholders. In contrast …
Persistent link: https://www.econbiz.de/10010463416
This study focuses on U.S. shareholder derivative cases in which Audit Committee members were defendants. Three grounds …
Persistent link: https://www.econbiz.de/10012831122
Exploiting the staggered adoption of universal demand (UD) laws as exogenous shocks to filing derivative lawsuits, we … governance, increased information asymmetry, and heightened managerial risk-taking are the underlying channels. Shareholders …
Persistent link: https://www.econbiz.de/10012968431
A statutory derivative action has been proposed for the United Kingdom and is contained in Part 11 of the Company Law … Reform Bill. Australia has had a statutory derivative action for approximately 6 years. This paper outlines the results of … the first empirical study of the Australian statutory derivative action. The study provides insights into the way …
Persistent link: https://www.econbiz.de/10014057143
The derivative action exerted by shareholders (i.e., by a single shareholder or by a minority of them) is usually …
Persistent link: https://www.econbiz.de/10013143072
. Shareholder claims are permitted for direct injury to shareholder rights (such as voting rights). But shareholders generally …
Persistent link: https://www.econbiz.de/10010463415
India and China is their recent acceptance of the shareholder derivative device, which empowers private investors to bring … shareholder derivative litigation in the United States, India, and China. It specifically examines why India and China have … China's recognition of shareholder derivative litigation …
Persistent link: https://www.econbiz.de/10013066700
This paper presents the results of a comprehensive empirical study on China's derivative suits as introduced in the … disappointment given the intended role of China's derivative suits in improving the corporate governance of public companies. The … of the regime of shareholder derivative suits in China …
Persistent link: https://www.econbiz.de/10013036546