Comparative Law Yearbook of International Business Volume 38A Shareholders Liability


The Comparative Law Yearbook of International Business, published under the auspices of the Center for International Legal Studies, covers the up-to-date development of laws in the area of shareholder liability. Shareholder liability was once discussed only in terms of liability for the debts of the corporation in which the shareholders hold interest. This scene is now shifting, influenced primarily by the emergence of shareholder activism and derivative litigation, with its attendant increase of risk for officers and directors, and fee shifting provisions in corporate bylaws, allowing corporations to seek legal fees from unsuccessful shareholder plaintiffs. In this edition of this yearbook, practitioners from ten jurisdictions examine re

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