Corporate law and governance are at the forefront of regulatory activities worldwide, and subject to increasing public attention in the wake of the global financial crisis. Comprehensively referencing the key debates, this handbook provides a much-needed framework for understanding the aims and...

The appraisal remedy provides an elegant and effective instrument for minority protection in situations of fundamental changes. Its effectiveness depends however on the “right to exit at a fair price”. Determining a fair price has given rise to legal questions of business valuation. This...

Appraisal remedies have proven to be an effective instrument for minority protection in both Germany and the US. A crucial element of this remedy is the determination of a "fair price", giving rise to complicated questions of business valuation. This article gives an overview of the key...

Legal comparativists know only too well how hard it is to break into a foreign jurisdiction. Much of what seems completely obvious to local jurists, remains shrouded in mystery for the external observer. This is particularly the case when dealing with circumstances not covered in a standard...

Many companies have recently been following the so-called corporate purpose concept that is recommended by leading management scholars. To this end, they identify a raison d'être for their enterprise that goes beyond mere profit making and they anchor it in the entire value chain. This paper...

Valuation of shares is of critical importance when shareholders are forced to leave their company. Despite this importance, there is little comparative scholarship on how the valuation issue is handled in different jurisdictions. As part of a broader research agenda, this paper explores the...