The Czech voucher privatisation scheme has long been the subject of debate among foreign commentators, both lawyers and economists. After initial (and, for that matter, almost universal) approval, the programme has gradually fallen from grace with most writers as its destructive effects on the...

Data are so fundamentally different from any object which we recognised so far as belonging to the numerus clausus of legal objects that we also need to reconsider deeply which rights may exist regarding such data. We need to accept that, upon in-depth functional analysis, we already accept...

The main thesis of this article is that individuals should own their user-held data. Rapidly developing data processing technologies empowers individuals to collect their data from different sources and retain it in personal data clouds. Such user-held data represents the most accurate,...

The most important event of 2013 was the approval of the Forecast Plan (Program) of Federal Property Privatization and the Main Directions of Federal Property Privatization for 2014-2016. Its most significant distinctive feature, in which it differs from the previously issued document of the...

In this article, I develop the concept of "ownership piercing." I use the expression to suggest that courts engage in a process of evaluative reasoning to clarify who owns property rights and controls the limited liability company. I show under what circumstances courts should pierce ownership....

For those concerned with nature and role of the business firm in economy and society, these are challenging times. Past and ongoing financial crises and scandals have focused attention on the system of regulation, governance and disclosure in a way many may never have imagined and few welcomed....

Dozens of judicial opinions have held that shareholders own corporations, that directors are agents of shareholders, and even that directors are trustees of shareholders' property. Yet, until now, it has never been proven. These doctrines rest on unsubstantiated assumptions. In this book the...

Given the importance of “property rights” in American law and culture, academic and judicial disagreement over the content of the concept is a problem. Professor Eric Claeys makes considerable progress toward resolving this problem in his forthcoming book, Natural Property Rights. Using John...