NPOs are important legal vehicles through which needed financial and material resources are dedicated to achieving goals related to activities in the common good and in the public interest. As such, the State is interested to support the activities of NPOs because it is in principle equally...

The risks posed to global financial stability by the crisis that followed after the collapse of the BW showed that the international financial system had entered a new stage characterised by high levels of inter-relation and inter-dependence between the national financial systems. Liberalisation...

The questions of who should define the goals and objectives of a firm, and whether they should be defined in such a way so as to give a certain level of recognition to the well-being of other groups interested in the long-term success of the company and not only to the interests of the...

The public company was the invention that allowed entrepreneurs to raise substantial amounts of capital to finance big projects. These huge amounts of money could not be mobilized without granting to entrepreneurs the privilege of limited liability. Limited liability would give them the courage...

What is a good and effective creditor protection system? Can a creditor protection system, understood as a variety of mechanisms employed jointly or individually to protect the interests of creditors, deliver for all creditors, or are there different systems of creditor protection needed for...

In this paper we investigate whether the existing legislative framework provides for some of the necessary conditions to successfully implement an inflation targeting regime. We conclude that although there is place for changes to the legal framework to improve the environment for implementing...