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...

The pattern of legal change in countries that have their legal systems transplanted from abroad differs markedly from countries that develop their own systems, irrespective of the legal family from which their laws come. In transplant countries, law often stagnates for long periods of time; when...

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...

A case-based approach to comparative company law / David Cabrelli and Mathias Siems -- General case on directors duties / Theis Klauberg -- Duties of nominee directors / Martin Gelter, Memika Gha and D Gordon Smith -- Obligations of directors in takeovers / Pablo Iglesias-Rodríguez --...