Based on systems/strategic analysis, this paper predicts the complete failure of legal liability system. Liability is the system by which injured persons recover money damages from those who injure them. The system operates through the entry and enforcement of judgments by the courts. The paper...

Delaware dominates the competition to sell corporate charters. Leading scholars consider that dominance so great as to be irreversible. This book chapter argues that the advent of arbitration bylaws makes reversal not merely possible, but likely.Delaware's competitive advantage results almost...

This manuscript is the first chapter from a law school casebook in the Aspen Casebook Series. The casebook, Business Associations: A Systems Approach, is scheduled for publication on September 15, 2020. The book is grounded in the understanding that corporations, partnerships, LLCs, and limited...

VisiLaw is a system for marking statutes to make them easier to read. This paper contains a short introduction to VisiLaw and a complete, VisiLaw-marked, copy of the Delaware General Corporation Law. The corporation law is current through end of the legislative session on June 30, 2019. It...

Of the large, public companies that seek to remain in business through bankruptcy reorganization, only 70% succeed. The assets of the other 30% are absorbed into other businesses. Success is important both because it is efficient and it preserves jobs, communities, supplier and customer...

This paper explains the VisiLaw marking system in a short introduction and contains a complete, VisiLaw-marked copy of the <em>Delaware</em> General Corporation Law, including all laws effective as of May 5, 2015. VisiLaw is a patented and commercially successful system for marking legal text to make it...

Alan Palmiter and Frank Partnoy's new casebook, Corporations, Second Edition is extraordinarily good. It provides a well-organized, information-rich, balanced view of American corporate law.Its principal shortcoming is expressed in its title. It is principally a book about the corporate form....

This paper explains the VisiLaw marking system. It includes a complete, VisiLaw-marked copy of the Delaware General Corporation Law, current as of July 1, 2014. VisiLaw is a patented and commercially successful system for marking legal text to make it faster and easier to read. The markings...

Corporate social responsibility (CSR) is immensely popular. Rhetorically, nearly all public corporations have committed to it. But corporations don’t act responsibly. That is because no system exists by which their responsibility levels can be measured and rewarded or punished.Thousands of...