The author examines the concepts of "care" and "loyalty" in M&A transactions under existing Russian company law and proposed legislative enactments, explores the challenges of incorporating legal standards in civil law legal regimes and offers guidelines for legal compliance

We analyze the effect of directors' and officers' liability insurance (D&O insurance) on the spreads charged on bank loans. We find that higher levels of D&O insurance coverage are associated with higher loan spreads and that this relation depends on loan characteristics in economically sensible...