Business Organizations Law Commons^™

Whistleblower Protection In The Private Sector: A Comparative Study Of Laws In Thailand, The Us, And The Uk, Lena Sukprasongphol

Chulalongkorn University Theses and Dissertations (Chula ETD)

Whistleblower protection plays a vital role in promoting transparency, deterring misconduct, and strengthening regulatory and corporate accountability. Despite its importance, Thailand’s current legal framework for protecting private-sector whistleblowers remains fragmented and underdeveloped. In the absence of a dedicated statute, legal protections are primarily dispersed across general labour and securities laws, leaving significant legal and practical gaps that undermine effective protection. This study adopts a doctrinal legal methodology to examine the scope and effectiveness of existing Thai legal provisions, identifying key areas of ambiguity and weakness in both legislation and enforcement. To inform and strengthen the analysis, a comparative legal approach …

Legal Loopholes And Uncertainties Of Nominee Structures Under Foreign Business Law Of Thailand: Comparative Analysis With Austrian Investment Law, Harald Hinterer

Chulalongkorn University Theses and Dissertations (Chula ETD)

Laws and regulations concerning foreign direct investments in Thailand are at an all-time high. One of the most relevant legal bases for foreign direct investment is the Foreign Business Act B.E. 2542 (1999) (the “FBA”), which imposes restrictions on certain business activities. This research paper critically examines the effectiveness of the FBA in regulating foreign direct investment, with particular attention to nominee structures that may be used to circumvent statutory ownership restrictions. While the FBA aims to strike a balance between attracting foreign investment and protecting national interests, by focusing solely on capital shareholding, it contains loopholes which permit a …

Legal Reform Of Delivery Of Goods Without The Original Bill Of Lading In China: Study Of The Rotterdam Rules, Shuting Wu

Chulalongkorn University Theses and Dissertations (Chula ETD)

The delivery-against-document principle is a fundamental principle in the international maritime transport trade order and also an obligation that the carrier should fulfil when delivering the goods. In recent years, the issue between transaction security and transaction convenience have emerged with the entry into force of regional agreements such as RCEP. In practice, carriers often deliver goods without original bills of lading for the sake of cost and efficiency, leading to a series of legal disputes. Countries around the world have not formed a unified legal system for this either, and a chaotic situation has emerged in legislation. This research …

The Problem Of Copyright Infringement In Text And Data Mining (Tdm) Under The Copyright Act B.E. 2537: A Comparative Study Between Thailand, The United States, The United Kingdom, Japan And China, Pornpepat Suwannachairob

Chulalongkorn University Theses and Dissertations (Chula ETD)

This article examines the problem of copyright infringement in the context of Text and Data Mining (TDM) under Thailand’s Copyright Act B.E. 2537 (1994), comparing it with the legal frameworks of the United States, the United Kingdom, Japan, and China. TDM, a key process in extracting insights from large datasets, often requires reproducing copyrighted materials, raising copyright infringement concerns. While countries like Japan and the U.S. have adopted flexible or specific exceptions facilitating TDM, Thailand’s current legal structure, particularly Section 32 and its interpretation by the Supreme Court, offers limited scope for such activities. This restrictiveness hinders innovation and places …

Legal Ambiguities Of Anonymous Shareholder Under A Nominee Shareholding Agreement In China, Meng Lin

Chulalongkorn University Theses and Dissertations (Chula ETD)

The nominee shareholding agreement, as a flexible investment arrangement, caters to the specific needs of the Chinese commercial environment, such as safeguarding privacy, circumventing investment restrictions, and facilitating the intergenerational transfer of family businesses. While such agreements have played a positive role in broadening investment channels and promoting the development of a market-oriented economy, their inherent secrecy and lack of regulatory clarity have also introduced instability and legal uncertainty into the market. Despite the widespread use of nominee shareholding agreements in China, there is still no comprehensive and explicit legal framework to define their nature or to regulate their use. …

Legal Issues Of Consumer Rights Protection In China’S Cross-Border E-Commerce Under The Rcep Framework, Peilin Zhang

Chulalongkorn University Theses and Dissertations (Chula ETD)

This research examines legal shortcomings in China’s cross-border e-commerce consumer protection regime under the RCEP framework. It identifies key issues including fragmented jurisdiction, inadequate Online Dispute Resolution (ODR) mechanisms, insufficient personal information safeguards, and weak regulatory coordination. Although China’s E-Commerce Law and related statutes have established a foundation, they fall short in addressing cross-border complexities. Drawing on RCEP’s consumer protection provisions, the study proposes targeted reforms: improving jurisdictional clarity through party autonomy and denationalization principles; clarifying the legal status of ODR and unifying procedural standards; strengthening personal information protection through tiered consent and clear withdrawal mechanisms; and enhancing inter-agency coordination …

Transaction-Specific Tax Reform In Three Steps: The Case Of Constructive Ownership, Thomas J. Brennan, David M. Schizer

Faculty Scholarship

Similar investments are often taxed differently, rendering our system less efficient and fair. In principle, fundamental reforms could solve this problem, but they face familiar obstacles. So instead of major surgery, Congress usually responds with a Band-Aid, denying favorable treatment to some transactions, while preserving it for others. These loophole-plugging rules have become a staple of tax reform in recent years. But unfortunately, they often are ineffective or even counterproductive. How can Congress do better? As a case study, we analyze Section 1260, which targets a tax-advantaged way to invest in hedge funds. This analysis is especially timely because a …

Asking The Jewish Question: The Import Of Jewish History To Corporate Law, Dalia T. Mitchell

Lewis & Clark Law Review

This paper brings Jewish American history to bear upon the analysis of three major milestones in the development of corporate law’s fiduciary duties jurisprudence: Meinhard v. Salmon (N.Y. 1928), Bayer v. Beran (N.Y. 1944), and Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc. (Del. 1986). Bringing to the fore the background of the Jewish litigants and the Jewish lawyers who represented them, I use Meinhard, Bayer, and Revlon to explore changing cultural attitudes toward Jewish Americans’ participation in corporate America (as investors, managers, or their legal representatives). I argue that these cases demonstrate how our ideas about the appropriate purpose …

Specialist Directors, Yaron Nili, Roy Shapira

Faculty Scholarship

What determines the effectiveness of corporate boards? Corporate legal scholars usually approach this question by focusing on directors’ incentives, such as counting how many directors are independent or whether the roles of the CEO and Chair are separated. Yet on the ground, the focus has been shifting to directors’ skill sets and experience. Investors, regulators, and courts are now pressuring companies to appoint directors with specific types of expertise. In response, more and more companies are adding what we term “specialist directors”: a DEI director, a climate director, a cyber director, and so on. These changes in board composition could …

Beyond Profit Motives, William J. Moon

Faculty Scholarship

Why do corporations exist? Generations of legal scholars have debated both the origins of business corporations and their purpose.1 Professor Stephen Bainbridge’s new book The Profit Motive: Defending Shareholder Value Maximization is a substantial contribution to this literature and an essential read for anyone who wishes to better understand a controversy that has an immense impact on how movers and shakers of today’s largest corporations make decisions.

Why Do Banks Fail Together? Evidence From Executive Compensation, Deniz Anginer, Jinjing Liu, Cindy A. Schipani, H. Nejat Seyhun

Fordham Journal of Corporate & Financial Law

Recent bank failures have elicited extensive interest about the causes, focusing on incompetence of bank executives, policymakers, bank regulators and supervisors and even uninsured depositors. Yet, before we can prescribe solutions to bank failures, we need to identify the correct causes of the underlying problems. We argue that the problem is not so much with incompetence of executives, depositors, or regulators per se, but rather with managerial incentives.

We provide both a conceptual basis as well as empirical evidence to show that bank executives have incentives to increase systemic risks in order to maximize the benefits of bank bailouts. Consequently, …

A Bona Fide Dispute: Can Bankrupt Debtors Sell Assets Free And Clear Of Federal Civil Forfeiture Claims?, Joseph Peter Gomez

Fordham Journal of Corporate & Financial Law

Auctions are wheeling-dealing extravaganzas in which frenzies of bidders fight over shiny objects. What would happen if the government busted down the doors of the auction house, took the shiny objects, and sold them online? An asset sale through section 363(b) of the Bankruptcy Code provides a court-supervised opportunity to maximize economic value for the bankruptcy estate. To sell estate assets, the debtor must either (1) pay off each creditor holding an interest in the assets or (2) strip the creditor’s interest and attach it to the proceeds of the sale. When the government asserts a civil forfeiture claim against …

Another Major Question: The Department Of Labor Should Retire The Tiebreaker Rule And Reemploy Pecuniary Language In Erisa, Brandon Chesner

Fordham Journal of Corporate & Financial Law

The Employee Retirement Income Security Act of 1974 (“ERISA”) soon turns 50. Instead of celebrating with cake, retirees and future retirees alike get to witness a new chapter in the debate over the consideration of Environmental, Social, or Governance (“ESG”) factors in investing with plan assets. As employees cross the bridge into retirement, they look to their 401(k)s and pension plans for peace of mind, for it is ERISA that has been working silently in the background establishing minimum standards, practices, and fiduciary duties to protect participants. In recent years, the U.S. Department of Labor (“DOL”) has passed three regulations—two …

Speech Without Speakers: Eliminating Artificial Barriers To Pleading Corporate Scienter In Securities Fraud Claims, Jennifer Ligansky

Fordham Journal of Corporate & Financial Law

To successfully plead securities fraud claims under Rule 10b–5, the Private Securities Litigation Reform Act (“PSLRA”) requires that plaintiff-investors raise a “strong inference” that the defendant acted with scienter when issuing a false statement. But pleading scienter presents a challenging issue when the defendant is not a person, but an entity. When the defendant is a corporation, U.S. Circuit Courts of Appeals have adopted different approaches for determining whether the plaintiff has pleaded a strong inference of scienter. Some circuits hold that plaintiffs can raise a strong inference of corporate scienter only if the complaint identifies a speaker who knew …

The Lease Of All Evils: How A Middle-Ground Approach Can Resolve The Bankruptcy Code Conflict Between Section 363(F) Sales And Section 365(H) Lessee Protections, Kate Christensen

Fordham Journal of Corporate & Financial Law

The Fifth Circuit’s recent decision in In re Royal St. Bistro, LLC has awakened an unsettled issue in the Bankruptcy Code that has divided the bankruptcy community for over two decades. The question examined by the Fifth Circuit was whether a non-debtor lessee with a right to continued possession through section 365(h) of the Bankruptcy Code loses this right if the debtor-lessor can sell its property “free and clear” under section 363(f). While early decisions held that section 365(h) always protects lessees against debtors’ free and clear sales, some subsequent decisions created a circuit split by ruling that section 365(h) …

Foreword, Emily Montalvo, Natalie Tantisirirat

UC Law Business Journal

No abstract provided.

How European Human Rights Law Will Reshape U.S. Business, Rachel Chambers, David Birchall

UC Law Business Journal

In recent years several European states have enacted human rights due diligence laws, culminating in the imminent EU-wide Corporate Sustainability Due Diligence Directive.

This article provides a comprehensive analysis of these laws and explores their potential impact on U.S. businesses. Human rights due diligence emerges from the United Nations Guiding Principles on Business and Human Rights (2011) and was originally conceived as a voluntary means by which corporations could demonstrate that they proactively monitor and manage potential human rights abuses within their corporate group and supply chains. Since 2017, European states have begun enacting binding human rights due diligence laws. …

Masthead

UC Law Business Journal

No abstract provided.

The Professional Employer Organization Regulatory Regime, Ursula Ramsey

UC Law Business Journal

No abstract provided.

Minutes Are Worth The Minutes: Good Documentation Practices Improve Board Deliberations And Reduce Regulatory And Litigation Risk, Given As The 21st Annual Destefano Lecture, Leo E. Strine Jr.

Fordham Journal of Corporate & Financial Law

This Essay, originally the basis for the 21st Annual Albert A. DeStefano Lecture on Corporate, Securities & Financial Law given on February 27, 2024, at Fordham University School of Law, addresses the importance of good corporate minuting and board documentation practices. Using lessons from Delaware cases where the quality of these practices has determined the outcome of motions and cases, this Essay identifies effective and efficient practices to better address this decidedly not sexy, but unquestionably essential, corporate governance task. The recent Delaware cases underscore the importance of quality and timely documentation of board decision-making, the material benefits of doing …