This paper critically examines the conventional view that the lack of fiduciary duty protections for corporate shareholders in civil law systems explains crucial differences in corporate structure and finance. It questions the thesis that the structure of civil law systems militates against the...

This paper demonstrates the development of economic reform of the new Germany following the collapse of the Berlin Wall. The analysis focuses on the Treuhandanstalt (THA), established in 1990, with responsibility for dividing up East Germany’s national assets. The role of the THA is shown as a...