Business Organizations Law Commons^™

The Death Of The Firm, June Carbone, Nancy Levit

Faculty Works

This Article maintains that the decision in Burwell v. Hobby Lobby, which referred to the corporation as a legal fiction designed to serve the interests of the people behind it, signals the “death of the firm” as a unit of legal analysis in which business entities are treated as more than the sum of their parts and appropriate partners to advance not just commercial, but public ends. The Hobby Lobby reference to the firm as a fiction is a product of a decades-long shift in the treatment of corporations. This shift reflects both an ideological embrace of the free-market-oriented “agency-cost” …

Bsl Holdings, Llc Et Al., Order On Defendants' Motions To Dismiss And Motions For More Definite Statement, Elizabeth E. Long

Superior Court of Fulton County: Metro Atlanta Business Case Division Opinions

No abstract provided.

Implementation Of The Eu Damages Directive In Central And Eastern European Countries, Anna Piszcz

Monografie CARS/CARS Monographs

Ukazała się właśnie w wersji papierowej (i będzie tylko w wersji papierowej) 24. publikacja CARS z serii „Textbooks and Monographs” pt. Implementation of the EU Damages Directive in Central and Eastern European Countries. Edited by Anna Piszcz, Warsaw 2017, University of Warsaw, Faculty of Management Press. Książka zawiera raporty z implementacji tzw. Dyrektywy Odszkodowawczej przez wszystkie 11 państw członkowskich UE z Europy Środkowej i Wschodniej (Bułgarię, Chorwację, Czechy, Estonię, Litwę, Łotwę, Polskę, Rumunię, Słowację, Słowenię i Węgry). Książkę można nabyć w Księgarni Wydziałowej Tomasz Biel, PL – 02-678 Warszawa, ul. Szturmowa 3; tel. (+48) 22 822-90-42; fax (+48) 22 …

Ocena Siły Rynkowej Przedsiębiorcy W Nadzorze Nad Horyzontalnymi Koncentracjami Przedsiębiorców, Dariusz Aziewicz

Monografie CARS/CARS Monographs

Książka jest pierwszą w Polsce publikacją traktującą wyłącznie o ocenie skutków ekonomicznych horyzontalnych koncentracji przedsiębiorców. Celem książki jest skonstruowanie modeli oceny skutków koncentracji, opartych o dostępna wiedzę ekonomiczna, a których stosowanie powinno w prowadzić do zwiększenia skuteczności nadzoru państwa nad tego typu operacjami gospodarczymi. Książka jest oparta o pracę doktorską obroniona z wyróżnieniem w Instytucie Nauk Prawno-Administracyjnych Wydziału Prawa i Administracji Uniwersytetu Warszawskiego.

Publikacja oparta jest w głównej mierze na ekonomicznej analizie prawa. Książka zawiera też elementy analizy prawno-porównawczej Polskiego porządku prawnego a także praw antymonopolowych Niemiec, Wielkiej Brytanii, Francji, Unii Europejskiej oraz USA. Konstruowane modele oceny skutków koncentracji podzielone …

Financing The Benefit Corporation, Steven A. Dean, Dana Brakman Reiser

Faculty Scholarship

No abstract provided.

Don’T Dabble In Delaware, Daniel S. Kleinberger

Faculty Scholarship

When a litigator argues for a particular choice of law, the litigator seeks retrospectively the law most favorable to a particular claim or claims. When a business lawyer chooses a state of formation for a business entity, the lawyer seeks prospectively the governing law whose characteristics most favor the client’s interests.

Although in particular situations one characteristic may dominate, in general the business lawyer should look for governing law that is clear, comprehensive, coherent, accessible, and stable (or at least predictable). With these five metrics in mind, this column explains why lawyers forming limited liability companies should not dabble in …

Delineating The Implied Covenant And Providing For “Good Faith”, Daniel S. Kleinberger

Faculty Scholarship

This column considers whether an operating or partnership agreement can delineate the implied contractual obligation, comparing ULLCA and the Delaware Act, and then warns of the dangers of carelessly imposing by contract an express requirement of "good faith."

Like Great Britain, A Limited Liability Company May Have An Unwritten Constitution, Daniel S. Kleinberger

Faculty Scholarship

No abstract provided.

When Social Enterprises Fail, Jonathan Brown

Elisabeth Haub School of Law Faculty Publications

This Article identifies the conflicts between social enterprise legislation and bankruptcy law and presents a normative argument for a legal regime that would harmonize the two. Focusing on benefit corporations, the most widely adopted social enterprise form, this Article observes that existing law leaves uncertainty as to the role of directors at a time of financial distress and will produce outcomes that are at odds with the core goals of social enterprise legislation. Then, drawing on academic proposals for contract-based systems of bankruptcy, this Article argues that just as a firm may opt out of a corporate governance norm of …

How The United States Postal Service (Usps) Could Encourage More Local Economic Development, Randall K. Johnson

Faculty Works

No abstract provided.

How Do Llc Owners Contract Around Default Statutory Protections?, Peter Molk

UF Law Faculty Publications

Limited liability companies are built on the idea of contractual freedom. Unlike other business organization forms, most owner protections apply only by default to LLCs, which are free to waive or modify them as desired. This freedom promises economic efficiency if parties are sophisticated but raises the potential for opportunism by relatively more sophisticated managers and majority owners. While companies ranging from small landscape firms to Chrysler and Fidelity organize as LLCs, remarkably little is known about whether or how LLCs use this contractual flexibility. I analyze the operating agreements of 283 privately owned LLCs organized under Delaware and New …

It Is Time For Something New: A 21st Century Joint-Employer Doctrine For 21st Century Franchising, Steven A. Carvell, David Sherwyn

American University Business Law Review

No abstract provided.

Throttle Me Not: 2015 Open Internet Order Protects Unlimited Data Plan Users, Shawn Marcum

American University Business Law Review

No abstract provided.

In Pursuit Of Good & Gold: Data Observations Of Employee Ownership & Impact Investment, Christopher Geczy, Jessica S. Jeffers, David K. Musto, Anne M. Tucker

Faculty Publications By Year

A startup's path to self-sustaining profitability is risky and hard, and most do not make it. Venture capital (VC) investors try to improve these odds with contractual terms that focus and sharpen employees' incentives to pursue gold. If the employees and investors expect the startup to balance the goal of profitability with another goal - the goal of good - the risks are likely to both grow and multiply. They grow to the extent that profits are threatened, and they multiply to the extent that balancing competing goals adds a dimension to the incentive problem. In this Article, we explore …

Uber As For-Profit Hiring Hall: A Price-Fixing Paradox And Its Implications, Sanjukta M. Paul

Law Faculty Research Publications

No abstract provided.

Unilateral Corporate Regulation, William Magnuson

Faculty Scholarship

Corporations today wield unprecedented power in politics and society, and they have a tremendous effect on human welfare around the globe. At the same time, they are increasingly difficult to regulate. Corporations are savvy and mobile, and they can relocate to avoid burdensome domestic regulation with surprising ease. The agility of corporations creates a dilemma for government decisionmakers seeking to balance the need to attract the wealth that corporations create with the desire to pursue other policy priorities. One potential approach that governments have used to address this dilemma is international cooperation, and a growing number of scholars have argued …

Business Responsibilities For Human Rights And Climate Change, Sara Seck

Articles, Book Chapters, & Popular Press

This contribution to the work of the International Law Association’s Study Group on Business and Human Rights considers the relationship between business responsibilities for human rights and climate change. While it is now widely accepted that the adverse effects of climate change undermine the enjoyment of human rights, and that businesses have a responsibility to respect human rights, the relationship between business responsibilities for human rights and climate change is unclear. This paper first considers state duties to protect human rights from climate change harms, including harms arising from business activities, and second, considers how the business responsibility to respect …

Revisiting Transnational Corporations And Extractive Industries: Climate Justice, Feminism, And State Sovereignty, Sara Seck

Articles, Book Chapters, & Popular Press

This Article explicitly examines the relationship between climate justice, gender, and transnational fossil fuel extractive industries by drawing upon feminist theoretical insights. First, I provide an overview of the differential impacts of climate change on women and briefly review insights from select international legal scholars who have considered gender and climate change. Second, I describe the Philippines climate petition, a novel attempt to seek an investigation into the accountability of transnational fossil fuel companies for climate harms. Third, I examine three sets of issues arising in the Philippines climate petition and draw explicitly upon Karen Knop’s Re/Statements: Feminism and State …

The Yates Memo: Looking For "Individual Accountability" In All The Wrong Places, Katrice Bridges Copeland

Faculty Scholarship

The Department of Justice has received a great deal of criticism for its failure to prosecute both corporations and individuals involved in corporate fraud. In an effort to quiet some of that criticism, on September 9, 2015, then Deputy Attorney General Sally Q. Yates issued a policy entitled, "Individual Accountability for Corporate Wrongdoing," or the "Yates Memo," as it has been called. The main thrust of the Yates Memo is that in order for a corporation to receive any credit for cooperating with the government and obtain leniency in the form of a deferred prosecution agreement, the corporation must not …

Law And Corporate Governance, Robert P. Bartlett, Eric L. Talley

Faculty Scholarship

Pragmatic and effective research on corporate governance often turns critically on appreciating the legal institutions surrounding corporate entities – yet such nuances are often unfamiliar or poorly specified to economists and other social scientists without legal training. This chapter organizes and discusses key legal concepts of corporate governance, including statutes, regulations, and jurisprudential doctrines that “govern governance” in private and public companies, with concentration on the for-profit corporation. We review the literature concerning the nature and purpose of the corporation, the objects of fiduciary obligations, the means for decision making within the firm, as well as the overlay of state …