Russian Abstract: Настоящая работа посвящена центральной проблеме экономического анализа права, а шире — любого политико-правового исследования: что понимать под...

Directors owe fiduciary duties of care and loyalty to their corporations, and by extension to their shareholders. When a corporation approaches or enters insolvency, however, courts have recently found that the fiduciary duty calculus may change. Recognizing that creditors have financial...

On August 6, 2015, without fanfare, the SEC Division of Corporation Finance issued an interpretative letter to Citizen VC and posted several updates to the Division's Compliance and Disclosure Interpretations (the “Companion C&DIs”), all concerning the nuts and bolts of exempt private...

For benefit corporations to persuade their various audiences that they are as beneficial for society as they claim, they need reliable assessments of their social performance. Even if assessments were not required by most states' benefit corporation statutes, it is difficult to imagine the...

As the American economy continues to totter against an ever-growing populist momentum, it seems likely that clawback mechanisms of various sorts will be put to increasing use in the coming months and years. Very generally, a clawback attempts to regain previously conferred monies or benefits...

English Abstract: Latin notaries are more and more frequently defined as gatekeepers, due to their role in providing preventive legal control (in addition to certifying documents), a role that becomes increasingly important in modern legal systems.However, applying this american term loosely to...

Discussions of corporate governance often focus solely on the attractiveness of firms to investors, but it is also true that firms seek out preferred investors. What, then, are the characteristics of an attractive investor? With nearly $6 trillion in assets, sovereign wealth funds (SWFs) are...

В свете проводимых в России реформ экономического законодательства решение вопроса о сохранении минимального уставного капитала и его возможном изменении (в...

This chapter discusses the legal issues of rescue and corporate social responsibility during times of public crisis. It analyzes a corporate board's fiduciary duty related to the management of a public crisis and the provision of aid to government and the public. The thesis is that American...