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Author : Janis Pearl Sarra,Ronald Davis
Publisher : Unknown
Page : 385 pages
File Size : 50,7 Mb
Release : 2015
Category : Bankruptcy
ISBN : 0433475471
Author : Simon Bieber,Helen A Daley
Publisher : Unknown
Page : 128 pages
File Size : 50,8 Mb
Release : 2015-11
Category : Directors of corporations
ISBN : 0433478365
Author : Helen Anderson,Rick Krever
Publisher : Kluwer Law International B.V.
Page : 352 pages
File Size : 49,6 Mb
Release : 2008-10-22
Category : Law
ISBN : 9789041145062
The corporation’s ability to avoid the costs of risks that materialize as a result of its pursuit of profits is a departure from the market model. It can easily be seen as an evasion of the obligations that go with being the un-coercing, freely-acting and choosing ‘invisible hand.’ Dramatic corporate collapses and major human and economic disasters due to bad corporate conduct have strengthened the common sense view that, if the corporate directors and officers have made the deliberate act their own in some way, they may be held responsible on the same basis that liberal law holds all individuals responsible for their intended actions in the non-corporate settings. Accordingly, recent decades have seen an increasing number of statutory interventions worldwide that impose direct responsibilities on directors and other corporate officers in respect of a wide range of regulatory regimes: environmental regulation, occupational health and safety and other employment standards, human rights statutes, transportation regimes, consumer and competition laws, protections for creditors and workers against insolvent trading, and the like. Legitimacy crises have pushed legislators to enlarge the number of responsibilities, to increase the amounts of the fines that may be levied and to make it clear that, in some cases, prison sentences will be imposed. This collection of essays describes and analyzes the legal regimes governing directors’ liability for corporate fault and default across eleven important trading jurisdictions. It asks: Are the reform provisions, especially director duties of ‘due diligence,’ sharply enough aimed to attain the goal of corporate accountability? Will it be easy or difficult for defendants to establish that due diligence was exercised? Is it possible that more reliance on self-policing may lead to less documenting and reporting of wrongs and dangers? What impact may schemes of greater self-monitoring have on State regulation? In what ways might corporations react to these demands that they become guardians of the public weal? The authors – each an authority in his or her respective jurisdiction – recognize that the reforms are a reaction to the political problems created by the ill fit of the corporation with the economic and political value systems that we purport to hold dear. As they survey the ways that vibrant economies can frame laws to influence the conduct of directors and companies, they invite further exploration into the political, economic, practical, and evolutionary factors that may explain the convergence and divergence of both statute law and judicial doctrines and the desirability or inevitability of this deeply significant trend.
Author : Edward Smerdon
Publisher : Globe Law and Business Limited
Page : 392 pages
File Size : 49,7 Mb
Release : 2007
Category : Business & Economics
ISBN : STANFORD:36105134418826
The only work of its kind, this new book will be a powerful tool in assisting directors, officers and in-house counsel of national and international companies, and the private practice lawyers advising them, to make well-informed judgements about the risks they are taking.
Author : Simon Deakin,Helmut Koziol,Olaf Riss
Publisher : Walter de Gruyter GmbH & Co KG
Page : 1019 pages
File Size : 52,5 Mb
Release : 2018-02-19
Category : Law
ISBN : 9783110491494
In recent years several cases concerning the liability of directors and officers have courted controversy. Arguments raised in such discussions oscillate between two extremes: on the one hand, the need for governing bodies to give a space to entrepreneurial discretion and on the other hand to ensure the protection of investors in and creditors of a company from the consequences of disadvantageous decisions by those bodies. In light of the geographical dispersal of the above stakeholders, the study offers a comparative insight into the liability of directors and officers in 10 key European jurisdictions (in particular, Austria, Czech Republic, Germany, Italy, the Netherlands, Norway, Poland, Spain and Switzerland) and 4 non-European jurisdictions (namely Brazil, Israel, Turkey and the United States). Amongst other things it investigates existing company law principles on the topic and examines their interaction with tort law and other fields with a view to suggesting principles for better stakeholder protection. National reports are complemented by an economic analysis and insurance, conflict of laws and comparative reports. The study also benefits from case study analyses.
Author : Adolfo Paolini,Deepak Nambisan
Publisher : Taylor & Francis
Page : 225 pages
File Size : 49,6 Mb
Release : 2020-11-25
Category : Law
ISBN : 9781000341430
“With the ever increasing number of claims against directors and officers, this book provides a very welcome addition to the bookshelves which hitherto have lacked books on this important area” - Alison Green, Chairman of the Trustees of the BILA Charitable Trust. This book scrutinises the origins and the rationale underlying D&O insurance, and provides answers to the question of protecting directors against the potential liabilities they may face. It provides clear understanding about D&O policies wording, exclusions and issues of misrepresentation. The information contained in this new book includes Nature and Legality of D&O Liability Insurance, D&O Exclusions, Directors’ and Officers’ Liability to Third Parties, Directors’ Liability at Civil Law, D&O: Defence Costs Cover and Allocation, Aggregation Principles and D&O Cover and the Reinsurance of D&O Policies.
Author : Julia Honds
Publisher : GRIN Verlag
Page : 61 pages
File Size : 41,8 Mb
Release : 2007-12
Category : Electronic
ISBN : 9783638877404
Essay from the year 2006 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A, Victoria University of Wellington, course: LLM Research Paper, Master Abschlussarbeit, 59 entries in the bibliography, language: English, abstract: This essay deals with directors' duties, focusing on the duties that specially arise in the context of a company becoming insolvent. The relevant duties are those under sections 131, 135 and 136 of the Companies Act 1993. The drafting of these insolvent trading provisions in New Zealand has been criticised in the legal literature. This research paper considers not only this criticism but also deals with the more general debate about the value of insolvent trading provisions in general. Although the current drafting of the relevant provisions in New Zealand is not without minor flaws, the need for creditor protection requires the maintenance of insolvent trading provisions in general. Besides that, this essay looks at the remedies for breaches of directors' duties. The most important provision in this context is s 301 Companies Act 1993. Pursuant to this provision both the liquidator and individual creditors can enforce directors' civil liability. However, the possibilities of individual creditors to obtain payment directly to themselves are restricted. The final part of this essay considers the question whether a separate duty directly owed to individual creditors should be introduced. Although such a duty seems to have some benefits, it would not be commensurate with leading principles and ideas of Insolvency Law and should therefore not be introduced. It is the concern of this research paper to point out the many issues that arise in context of directors' duties and insolvency law and to show that it is important to strike an appropriate balance between the intended creditor protection and the entrepreneurial freedom of company directors.
Author : Pat K. Chew
Publisher : Practising Law Institute
Page : 331 pages
File Size : 48,5 Mb
Release : 2004
Category : Law
ISBN : 0872240517
Author : William E. Knepper
Publisher : MICHIE
Page : 922 pages
File Size : 47,5 Mb
Release : 1978
Category : Corporation law
ISBN : STANFORD:36105044510571
This book discusses how directors and officers can limit and protect against personal liability for corporate acts. Conflict of interest, class actions, liability of third persons, SEC regulatory actions, indemnification and contribution, and other relevant issues are addressed in the work.
Author : Anonim
Publisher : Unknown
Page : 398 pages
File Size : 54,9 Mb
Release : 1994
Category : Directors of corporations
ISBN : STANFORD:36105061103052
Author : Lazar Sarna
Publisher : Markham, Ont. : LexisNexis Canada
Page : 128 pages
File Size : 44,5 Mb
Release : 2005
Category : Directors of corporations
ISBN : 0433450819
Author : Paul J. Omar
Publisher : Routledge
Page : 143 pages
File Size : 46,7 Mb
Release : 2018-10-24
Category : Law
ISBN : 9781351746779
This title was first published in 2000. The law relating to directors’ duties has fundamental implications across the business environment and yet few areas of business law have received so little detailed examination. This text provides fresh and incisive insights to the rules applying in ten major economic jurisdictions within Europe, with respect to directors’ legal obligations and liabilities. Written by the foremost figures in the field, each contribution outlines the statutory provisions that affect the work of company directors in each jurisdiction, including general legislation and specific laws covering the status of incorporated bodies. Fully illustrated with case-law examples the book provides a guide to the range of measures which national courts may provide for participants in corporate life seeking remedies for unsatisfactory governance of companies. It also features guidance on the specific bases for criminal and civil liabilities and examples of the range of penalties to which directors might be subject. The result is a work of unprecedented detail which will be welcomed by practitioners in the corporate sector, academics and researchers alike.
Author : Alexander Loos
Publisher : Kluwer Law International
Page : 0 pages
File Size : 55,7 Mb
Release : 2010
Category : Directors of corporations
ISBN : 9041132503
This volume provides a comparative examination of the law on company directors' liabilities in 40 different national jurisdictions and with regards to the European Action Plan (coverage has been expanded for this second edition to such countries as the United Arab Emirates, Mongolia, China, Russia, Ukraine, and Vietnam). The chapters are presented according to a shared template covering such topics as "national basics" and national legal theories of directors' liabilities; recent cases; liability issues regarding who can sue or be sued, thresholds and limitations/caps of liabilities, joint liability/solidarity, derivative actions, class actions, and liability in the event of bankruptcy; indemnification and insurance; and possible future legislation development.
Author : Simon Mortimore
Publisher : Unknown
Page : 0 pages
File Size : 54,8 Mb
Release : 2017
Category : Law
ISBN : 0198754396
This is a new edition of the established authority on the law relating to directors of companies incorporated under the UK Companies Acts. The new edition features all important developments in the law including the Small Business, Enterprise and Employment Act 2015 which improves transparency (including requiring directors to be natural persons unless exceptions apply), simplifies company filing requirements, clarifies the application of general duties to shadow directors, modernises directors' disqualification and reforms insolvency law to facilitate proceedings where there has been wrongdoing. There has been a wealth of new case law relevant to directors' duties before the English courts, all of which are analysed and explained, including the Supreme Court decisions in Prest v Petrodel Resources, Jetivia v Bilta (UK), FHR European Ventures v Cedar Capital Partners and Eclairs Group v JKX Oil & Gas, the Court of Appeal decisions in Smithton Ltd v Naggar and Newcastle International Airport v Eversheds as well as the important High Court decisions in Universal Project Management Services v Fort Gilkicker, Madoff Securities International v Raven and the wrongful trading case, Re Ralls Builders. Non-UK cases are also analysed including Weavering Macro Fixed Income Fund Ltd v Peterson in the Cayman Islands' Court of Appeal and the 2016 decision of the Hong Kong Court of Final Appeal Chen v Jason. In keeping with developments in case law and legislation the book now includes expanded coverage of multiple derivatives claims, directors' exposure to third party claims and a new chapter on civil remedies for market abuse. The third edition is a complete reference work on the law relating to company directors and is the first port of call for all serious corporate lawyers and scholars on this subject.
Author : Dennis Campbell,Christian T. Campbell
Publisher : Lloyd's of London Press Limited
Page : 882 pages
File Size : 44,7 Mb
Release : 1993
Category : Corporate governance
ISBN : UOM:35112200381145
A comparative analysis of the law relating to liabilities of corporate directors in major jurisdictions around the world, including Europe, the United States and the Bahamas. The first section of the book introduces the subject of directors' liability and provides a historical perspective. This is followed by a detailed country by country survey which covers: the distinction between directors and officers and the consequences of that distinction; liabilities for contracts for executive directors; the distinction between outside and inside directors and the liabilities and duties that arise in the management of a company; defences available; indemnification; insurance cover; other methods of protection available; limitation on directors' liability and liability in third party actions.