Law Commons^™

The Ideal Deal: How Local Governments Can Get More For Their Economic Development Dollar, Rachel Weber, David Santacroce

Books

This handbook is designed to provide local economic development practitioners with an important tool. It takes the reader step-by-step through the different elements of contracts that treat public incentive packages as a quid pro quo for public benefits. Each section discusses a different element of the ideal deal: valuation of public costs and benefits, performance standards, disclosure and oversight, and enforcement. In each section we provide detailed examples of model provisions used by local governments in their incentive legislation, ordinances, and contracts -- information that has not before been obtained or recorded in any systematic way. These examples are meant …

Marrying Diversity And Independence In The Boardroom: Just How Far Have You Come, Baby?, Erica Beecher-Monas

Law Faculty Research Publications

No abstract provided.

¿Deben Los Administradores Impugnar Las Resoluciones Asamblearias Inválidas?, Martin Paolantonio

Martin Paolantonio

Un análisis crítico de la afirmación, común en parte de la doctrina argentina, de la existencia de un deber de los administradores de impugnar resoluciones asamblearias inválidas

Intereses Punitorios En El Fuero Comercial, Martin Paolantonio

Martin Paolantonio

Breve reflexión sobre los problemas derivados de la desaparición de la tasa de interés judicial de referencia para las deudas en dólares luego de 2002

La Conexidad Contractual En El Sistema De Tarjetas De Crédito: Los Arts. 43 Y 45 De La Ley 25.065, Martin Paolantonio

Martin Paolantonio

Análisis de las reglas de -limitada- conexidad contractual en la ley 25.065 y su interpretación a la luz de las reglas de tutela del consumidor

La Compensación Y Las Entidades Financieras Suspendidas En Un Fallo De La Corte Suprema, Martin Paolantonio

Martin Paolantonio

Nota a fallo de la Corte Suprema rechazando la posibilidad de compensar deudas contra una entidad financiera primero suspendida y luego insolvente

Obligaciones Negociables, Pesificación Y Esfuerzo Compartido, Martin Paolantonio

Martin Paolantonio

Análisis en nota a fallo de la aplicación de la normativa de emergencia (pesificación) a obligaciones negociables y efectos respecto de un acuerdo preventivo homologado

Orden Público, Pesificación Y Letras De Cambio Internacionales, Martin Paolantonio

Martin Paolantonio

Nota a fallo de la Corte Suprema sobre la aplicación de la legislación de emergencia y el concepto de orden público internacional como limitación a la aplicación del derecho extranjero

Una Nueva Manipulación De Los Ahorros Previsionales, Martin Paolantonio

Martin Paolantonio

Breve reflexión crítica respecto del redireccionamiento de los ahorros previsionales limitando las inversiones en el extranjero

Potestades De Administración Y Deberes Fiduciarios, Diego G. Pardow

Diego G. Pardow

No abstract provided.

A Norma De Configuração Do Papel Social De Empresário No Direito Brasileiro, Cássio Cavalli

Cássio Cavalli

O texto investiga os critérios de qualificação do empresário e da sociedade empresária no direito brasileiro. O objetivo desta qualificação consiste em determinar quem se submete ao estatuto do empresário, formado pelas normas de direito empresarial.

Apontamentos Sobre A Teoria Do Estabelecimento Empresarial No Direito Brasileiro, Cássio Cavalli

Cássio Cavalli

Ao positivar a teoria do estabelecimento empresarial, o novo Código Civil acabou inserindo no ordenamento jurídico brasileiro novas normas jurídicas acerca do tema, distintas das que, por construção doutrinária e jurisprudencial, eram adotadas anteriormente à promulgação do Diploma Civil. A nova regulação legal cuida da caracterização do estabelecimento empresarial como bem objeto de novos direitos, assim como, ao dispor acerca dos efeitos da alienação do estabelecimento, suscita dúvidas no que respeita aos elementos que compõe o estabelecimento empresarial. Da mesma forma, o novel Diploma Falimentar positivou normas específicas a respeito da circulação do estabelecimento, diversas das normas civis. Cuida-se, desta …

How We Make Law In Delaware, And What To Expect From Us In The Future, Lawrence A. Hamermesh

Lawrence A. Hamermesh

No abstract provided.

Twilight In The Zone Of Insolvency: Fiduciary Duty And Creditors In Troubled Companies, Royce De R. Barondes, Lisa M. Fairfax, Lawrence A. Hamermesh, Robert Lawless, Jonathan C. Lipson, Russell C. Silberglied

Faculty Scholarship

No abstract provided.

The Fall And Rise Of Federal Corporation Law, Richard A. Booth

Faculty Scholarship

No abstract provided.

Devilry, Complicity, And Greed: Transitional Justice And Odious Debt, David C. Gray

Faculty Scholarship

The doctrine of odious debts came into its full in the eighteenth and early nineteenth century to deal with the financial injustices of colonialism and its stalking horse, despotism. The basic rule, as articulated by Alexander Sack in 1927, is that debts incurred by an illegitimate regime that neither benefit nor have the consent of the people of a territory are personal to the regime and are subject to unilateral recision by a successor government. While the traditional doctrine focused on the nature and circumstances of individual debts, it has been expanded in recent years, moving the focus from the …

The Criminalization Of Corporate Law, Lisa M. Fairfax

Faculty Scholarship

No abstract provided.

The Duty To Creditors Reconsidered - Filling A Much Needed Gap In Corporation Law, Richard A. Booth

Faculty Scholarship

The most fundamental question of corporation law is to whom does the board of directors of a corporation owe its fiduciary duty. Recently, the question has tended to be whether and under what circumstances the board of directors has the duty to maximize stockholder wealth. But if a corporation is insolvent (or close to it), business decisions designed to maximize stockholder wealth may result in a reduction of creditor wealth. Although the conventional wisdom is that creditors must protect themselves by contractual means, there is a substantial body of case law that says that creditors can assert claims sounding in …

Unenforceable Fiduciary Duty Limitations: Why Drafting Partnership Agreements Limiting The Duty To Disclose And Partnership Opportunity Is More Precarious After Triple Five Of Minnesota, Inc. V. Simon, Aaron Hall

William Mitchell Law Review

No abstract provided.

Cost-Based And Rules-Based Regulatory Competition: Markets For Corporate Charters In The U.S. And The E.U., Marco Ventoruzzo

Journal Articles

Regulatory competition in corporate law is increasing in Europe and, not differently from what happens in the US, a market for corporate charters is developing in Europe. This article examines the differences between the US corporate law market, and the European one - to the extent that one exists. The basic idea is that, in Europe, there is a stronger competition for the (first) incorporation of rather small, closely-held corporations; while in the US a small closely-held corporation usually incorporates locally, where its shareholders and directors are located, and reincorporates - often in Delaware - when it is growing and, …

(Not) Advising Corporate Officers About Fiduciary Duties, Lyman P.Q. Johnson, Robert V. Ricca

Scholarly Articles

This Article explores the intersection of an important, unresolved corporate law issue and an overlooked professional responsibility issue persistently arising in the corporate milieu. The corporate law question currently unaddressed in Delaware law is whether the fiduciary duties of corporate officers, as agents, are the same as, or different from, the fiduciary duties of corporate directors. A related question is whether, in reviewing officer conduct, courts will apply the business judgment rule in the same broad (and protective) manner in which it is applied to assessing director behavior.

The professional responsibility issue concerns whether, and how well, lawyers are advising …

Having The Fiduciary Duty Talk: Model Advice For Corporate Officers (And Other Senior Agents), Lyman P.Q. Johnson

Scholarly Articles

Countless legal materials address the fiduciary duties of corporate directors. These include extensive decisional law, numerous institutes and continuing legal education seminars, several treatises and casebooks, and the well-known Corporate Director's Guidebook, recently released in its fifth edition. By contrast, legal materials on the fiduciary duties of corporate officers - key actors and agents in any company - are quite sparse. Case law is meager and undeveloped, with even such a baseline issue as the applicability of the business judgment rule lacking resolution. Treatises, institutes, and other legal materials frequently lump officer fiduciary duties with those of directors or treat …

Piercing The Corporate Veil, Financial Responsibility, And The Limits Of Limited Liability, David K. Millon

Scholarly Articles

Veil-piercing is the most heavily litigated issue in corporate law, yet legal doctrine in this area is notoriously incoherent. In this article, I argue that the only way to make sense of veil-piercing is through an accurate understanding of the policy underlying limited liability. Once that is appreciated it then becomes possible to make sense of the appropriate limits on limited liability. Piercing the corporate veil can then serve the useful function of distinguishing legitimate from illegitimate reliance on statutory limited liability.

After surveying efficiency rationales for limited liability and finding them unpersuasive, I propose that the best way to …

Criminalization Of Corporate Law: The Impact On Shareholders And Other Constituents, David K. Millon

Scholarly Articles

None available.

To Disclose Or Not To Disclose. That Is The Question For The Corporate Fiduciary Who Is Also A Pension Plan Fiduciary Under Erisa: Resolving The Conflict Of Duty, Shelby D. Green

Elisabeth Haub School of Law Faculty Publications

This Article examines the seeming irreconcilable conflict faced by the pension plan fiduciary, who is a corporate insider, to disclose or not to disclose material, inside information to plan participants, who would use the information to divest investments in company stock, without disclosing the same information to persons on the other side of these trades. The Article begins with a general discussion of the regulation of trade in securities and the history of the insider trading laws under the Securities Exchange Act of 1934. Part III discusses the soundness of the prohibition against insider trading. Part IV explains the duties …

The Special Interest Race To Ceo Primacy And The End Of Corporate Governance Law., Steven A. Ramirez

Faculty Publications & Other Works

Recently, many respected business leaders have voiced concern that corporate governance in American public companies has moved toward CEO primacy or a "dictatorshipo f the CEO," and away from traditional notions of shareholder primacy. This article shows that this concern is well-founded. The current system of corporate governance tends toward management indulgences. This is clearly reflected in key legal elements of corporate governance, which embrace increasing laxity. New empirical evidence also suggests that the trend of corporate governance is away from more demanding standards that seem to reduce agency costs and enhance financial and economic performance. The model that best …

Fuzzy Logic And Corporate Governance Theories, Z. Jill Barclift

Faculty Scholarship

Fuzzy logic is a theory that categorizes concepts or things belonging to more than one group. A methodology that explains how things function in multiple groups (not fully in one group or another) offers advantages when one definition or membership in a group accounts for belonging to multiple groups. A principal/agent model of corporate governance has some characterizations of fuzzy logic theory. The purpose of this article it to evaluate other models of corporate governance that account for the multi-agent role of senior officers of public companies and assess the accountability to the corporation. Corporate governance theorists continue to debate …

Balancing Rights With Responsibilities: Looking For The Global Drivers Of Materiality In Corporate Social Responsibility & The Voluntary Initiatives That Develop And Support Them , Rachel Kyte

American University International Law Review

No abstract provided.

The Turn To Ethics: Disinvestment From Multinational Corporations For Human Rights Violations - The Case Of Norway's Sovereign Wealth Fund, Simon Chesterman

American University International Law Review

No abstract provided.

Perverse Main Bank Rescue In The Lost Decade: Proof That Unique Institutional Incentives Drive Japanese Corporate Governance, Dan W. Puchniak

Washington International Law Journal

Two of the most prominent Japanese corporate governance scholars, Professors Miwa and Ramseyer (“M&R”), have recently published numerous articles and a book setting out their contrarian free-market theory of Japanese corporate governance. According to their theory, contemporary Japanese corporate governance is, and always has been, driven by free-market forces and not government incentives. M&R’s theory is enchanting in its simplicity and universality, as it uses standard economic theory to provide a single, and seemingly logical, solution to a myriad of complex legal, institutional, historical and cultural conundrums that have challenged observers of Japanese corporate governance for decades. Unfortunately, M&R’s theory …