Torts As Wrongs
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Corporate Governance
CCCorporateCorporate Governance Carsten Burhop Universität zu KKölnölnölnöln Marc Deloof University of Antwerp 1. General introduction Since the late 1990s, a series of papers published in leading economics and finance journals contain evidence for a significant impact of institutions on financial and economic development (e.g., Acemoglu et al., 2001, 2005; La Porta, Lopez-de-Silanes, Shleifer, and Vishny – LLSV henceforth – 1997, 1998, 2000; La Porta, Lopez-de-Silanes, Shleifer – LLS henceforth – 1999, 2008). According to this literature, high-quality institutions cause financial development. In turn, financial development is a driving force behind economic growth. The historical legacy seems to play an important role in the relationship between the financial development of countries, their current institutions and their past institutions. Indeed, prominent contributions demonstrate a strong positive correlation between legal origins (common law is considered to be better than civil law) and three further elements: first, current indices of the rule of law (Acemoglu et al., 2001; Beck et al., 2003); second, financial development (LLSV 1997, 1998; Beck et al, 2003); and third, the dispersion of share ownership and the separation of ownership and control (LLS 1999). In general, shareholders are supposed to have the strongest protection in common-law countries, followed by German-style civil- law countries. Shareholder protection is the weakest in French style civil law countries. In contrast, secured creditors are supposed to be best protected in the German legal system. Consequently, common-law countries have relatively high numbers of listed firms and of initial public offerings and a relatively high ratio of stock market capitalisation to GDP. -
Introduction to Law and Legal Reasoning Law Is
CHAPTER 1: INTRODUCTION TO LAW AND LEGAL REASONING LAW IS "MAN MADE" IT CHANGES OVER TIME TO ACCOMMODATE SOCIETY'S NEEDS LAW IS MADE BY LEGISLATURE LAW IS INTERPRETED BY COURTS TO DETERMINE 1)WHETHER IT IS "CONSTITUTIONAL" 2)WHO IS RIGHT OR WRONG THERE IS A PROCESS WHICH MUST BE FOLLOWED (CALLED "PROCEDURAL LAW") I. Thomas Jefferson: "The study of the law qualifies a man to be useful to himself, to his neighbors, and to the public." II. Ask Several Students to give their definition of "Law." A. Even after years and thousands of dollars, "LAW" still is not easy to define B. What does law Consist of ? Law consists of enforceable rule governing relationships among individuals and between individuals and their society. 1. Students Need to Understand. a. The law is a set of general ideas b. When these general ideas are applied, a judge cannot fit a case to suit a rule; he must fit (or find) a rule to suit the unique case at hand. c. The judge must also supply legitimate reasons for his decisions. C. So, How was the Law Created. The law considered in this text are "man made" law. This law can (and will) change over time in response to the changes and needs of society. D. Example. Grandma, who is 87 years old, walks into a pawn shop. She wants to sell her ring that has been in the family for 200 years. Grandma asks the dealer, "how much will you give me for this ring." The dealer, in good faith, tells Grandma he doesn't know what kind of metal is in the ring, but he will give her $150. -
The Law, Corporate Finance, and Management
The Law, Corporate Finance, and Management v. 1.0 This is the book The Law, Corporate Finance, and Management (v. 1.0). This book is licensed under a Creative Commons by-nc-sa 3.0 (http://creativecommons.org/licenses/by-nc-sa/ 3.0/) license. See the license for more details, but that basically means you can share this book as long as you credit the author (but see below), don't make money from it, and do make it available to everyone else under the same terms. This book was accessible as of December 29, 2012, and it was downloaded then by Andy Schmitz (http://lardbucket.org) in an effort to preserve the availability of this book. Normally, the author and publisher would be credited here. However, the publisher has asked for the customary Creative Commons attribution to the original publisher, authors, title, and book URI to be removed. Additionally, per the publisher's request, their name has been removed in some passages. More information is available on this project's attribution page (http://2012books.lardbucket.org/attribution.html?utm_source=header). For more information on the source of this book, or why it is available for free, please see the project's home page (http://2012books.lardbucket.org/). You can browse or download additional books there. ii Table of Contents About the Authors................................................................................................................. 1 Acknowledgments................................................................................................................. 5 -
Domestic Violence Torts: Righting a Civil Wrong
Domestic Violence Torts: Righting a Civil Wrong Camille Carey* I. INTRODUCTION Tort law defines what constitutes wrongful conduct in particular situations and dictates how tortfeasors legally compensate for their wrongful conduct. Sometimes tort law governs conduct in intimate relations, and other times it oversees the conduct of strangers or corporations. Tort law, especially personal injury law, has become an integral aspect of American society. It guides how individuals and companies conduct themselves and dictates how and when injured parties are compensated for their harms. Domestic violence harms have been conspicuously absent from the development of tort law. Domestic violence is pervasive, and its harms are serious. Pain and suffering, physical injuries, and even death arising out of abusive relationships are compensable through tort law, but these claims are rarely filed or discussed. In its current iteration, tort law offers a number of well-suited but underused remedies for domestic violence victims. These common law claims were not created to provide redress for intimate partner violence, and historically were not allowed to do so. However, in contemporary times, tort claims are effective tools for legal recourse for domestic violence victims and should be pursued aggressively and frequently.1 * Associate Professor, University of New Mexico School of Law. I would like to thank participants in the faculty workshops at the University of New Mexico School of Law and the William S. Boyd School of Law, University of Las Vegas, the members of the Joint University of Colorado Law School and University of Denver Sturm College of Law Clinicians’ Work in Progress Series, Max Minzner, Dawinder Sidhu, Ernesto Longa, Glenn Beard, and Robert Solomon. -
What Is Corporate Law?
ISSN 1936-5349 (print) ISSN 1936-5357 (online) HARVARD JOHN M. OLIN CENTER FOR LAW, ECONOMICS, AND BUSINESS THE ESSENTIAL ELEMENTS OF CORPORATE LAW: WHAT IS CORPORATE LAW? John Armour, Henry Hansmann, Reinier Kraakman Discussion Paper No. 643 7/2009 Harvard Law School Cambridge, MA 02138 This paper can be downloaded without charge from: The Harvard John M. Olin Discussion Paper Series: http://www.law.harvard.edu/programs/olin_center/ The Social Science Research Network Electronic Paper Collection: http://papers.ssrn.com/abstract_id=####### This paper is also a discussion paper of the John M. Olin Center’s Program on Corporate Governance. The Essential Elements of Corporate Law What is Corporate Law? John Armour University of Oxford - Faculty of Law; Oxford-Man Institute of Quantitative Finance; European Corporate Governance Institute (ECGI) Henry Hansmann Yale Law School; European Corporate Governance Institute (ECGI) Reinier Kraakman Harvard Law School; John M. Olin Center for Law; European Corporate Governance Institute Abstract: This article is the first chapter of the second edition of The Anatomy of Corporate Law: A Comparative and Functional Approach, by Reinier Kraakman, John Armour, Paul Davies, Luca Enriques, Henry Hansmann, Gerard Hertig, Klaus Hopt, Hideki Kanda and Edward Rock (Oxford University Press, 2009). The book as a whole provides a functional analysis of corporate (or company) law in Europe, the U.S., and Japan. Its organization reflects the structure of corporate law across all jurisdictions, while individual chapters explore the diversity of jurisdictional approaches to the common problems of corporate law. In its second edition, the book has been significantly revised and expanded. -
THE DUAL SYSTEM of CIVIL and COMMERCIAL LAW We Are in the Habit Rf Contenting Ourselves with a Division of Law Into Two Categories, the Civil and the Criminal
THE DUAL SYSTEM OF CIVIL AND COMMERCIAL LAW We are in the habit rf contenting ourselves with a division of law into two categories, the civil and the criminal. The civil we again livide into law and equity, and these further into a number of more or less inter-related subjects. When we commence the study of the laws of Christian nations other than Great Britain, the Scandinavian'countries, Switzerland and ourselves, we find that a large part of the law which we call civil' and a small part of the criminal have separated themselves off or grown up independently and form a distinct body known as commercial law. In the whole field of law, where are we to place commercial law? The separation of law into crimes, contracts, associations, negotiable instruments, torts, trusts, etc., cramps a larger and more scientific division. The student who looks into foreign treatises or has studied at a Continental law school is impressed with the fact that such a minute subdivision as we are accustomed to make is there regarded as of little importance. He finds law divided into natural and positive. Natural law is the eternal principles of justice and equity, based upon human nature and knowing no political boundaries. Positive law is national law, based on the principles of natural law and approximating them as closely as circumstances and history permit. Positive law is divided into ecclesiastical and civil law; the civil, into public and private. Public law is divided into international and national law, the latter of which includes political, administrative, penal and procedural law. -
Fraud Litigation in Pennsylvania
FRAUD LITIGATION IN PENNSYLVANIA Doc. #531047v.1 - 11/21/2001 1:08 am FRAUD LITIGATION IN PENNSYLVANIA By: Louis C. Long Robert W. Cameron Meyer, Darragh, Buckler, Bebenek & Eck 2000 Frick Building Pittsburgh, Pennsylvania William B. Mallin Patrick R. Kingsley Eckert Seamans Cherin & Mellott 600 Grand Street, 42nd Floor Pittsburgh, Pennsylvania 10K11018 Doc. #531047v.1 - 11/21/2001 1:08 am FRAUD LITIGATION IN PENNSYLVANIA Copyright 1993 National Business Institute, Inc. P.O. Box 3067 Eau Claire, WI 54702 All rights reserved. These materials may not be reproduced without permission of National Business Institute, Inc. Additional copies may be ordered by writing National Business Institute, Inc. at the above address. This publication is designed to provide general information prepared by professionals in regards to subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. Although prepared by professionals, this publication should not be utilized as a substitute for professional service in specific situations. If legal advice or other expert assistance is required, the services of a professional should be sought. Doc. #531047v.1 - 11/21/2001 1:08 am FRAUD LITIGATION IN PENNSYLVANIA TABLE OF CONTENTS I. INITIAL CONSIDERATIONS ....................................................................................... 1 II. PLEADINGS AND MOTION PRACTICE.................................................................... 3 A. SPECIFICITY REQUIREMENTS.................................................................................... -
Methodological Basis of Legal Personality of the State (Civil Aspects) Anatoliy Kostruba
Methodological Basis of Legal Personality of the State (Civil Aspects) Anatoliy Kostruba To cite this version: Anatoliy Kostruba. Methodological Basis of Legal Personality of the State (Civil Aspects). Journal of Legal, Ethical and Regulatory Issues, 2017, 20 (1), pp.1-11. 10.5281/zenodo.3701577. hal-02503145 HAL Id: hal-02503145 https://hal.archives-ouvertes.fr/hal-02503145 Submitted on 9 Mar 2020 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Journal of Legal, Ethical and Regulatory Issues Volume 20, Special Issue 1, 2017 METHODOLOGICAL BASIS OF LEGAL PERSONALITY OF THE STATE (CIVIL ASPECTS) Anatoliy V Kostruba, Vasyl Stefanyk Precarpathian National University ABSTRACT Article deals with the investigation the legal nature of the state. It was found that the state is the allied unity of settled people provided with primary power of primacy. The essence of the state lies in creation of conditions for the development of the civil society, implementation of shared interests of members of society. The state is a means of social compromise of members of civil society. It appears not only as a form of provision of such social compromise, but also as an active and equal member of the relevant legal relations. -
Methodological Basis of Legal Personality of the State (Civil Aspects)
Journal of Legal, Ethical and Regulatory Issues Volume 20, Special Issue 1, 2017 METHODOLOGICAL BASIS OF LEGAL PERSONALITY OF THE STATE (CIVIL ASPECTS) Anatoliy V Kostruba, Vasyl Stefanyk Precarpathian National University ABSTRACT Article deals with the investigation the legal nature of the state. It was found that the state is the allied unity of settled people provided with primary power of primacy. The essence of the state lies in creation of conditions for the development of the civil society, implementation of shared interests of members of society. The state is a means of social compromise of members of civil society. It appears not only as a form of provision of such social compromise, but also as an active and equal member of the relevant legal relations. The ability of the state to be an active participant in social communications configures its natural right that can and should be implemented. As a result, the subject gets legal opportunities for its activities and transformed into a legal person the nature of which is revealed through the signs of interest, will of the subject and its individual separation. Since the state is a union of interests of persons united in the unified social organism for their support, the fact that the legal entity as a legal person synthesizes in itself not only characteristics peculiar to the corporation, but also characteristics peculiar to the state as a legal person is justified. Implementation of the civil capacity of the state is revealed through the institution of representation. The justification of universal character of legal capacity of the state is given. -
The Law of Civil Responsibility DRAFT
Introduction to the Laws of Kurdistan, Iraq Working Paper Series The Law of Civil Responsibility DRAFT Iraq Legal Education Initiative (ILEI) American University of Iraq, Sulaimani Stanford Law School Kirkuk Main Road Crown Quadrangle Raparin 559 Nathan Abbott Way Sulaimani, Iraq Stanford, CA 94305-8610 www.auis.ed.iq www.law.stanford.edu CIVIL RESPONSIBILITY 1. INTRODUCTORY CONCEPTS Picture a busy neighborhood full of restaurants and shops on a Saturday night. Hundreds of people walk along the sidewalks, and many cars fill the streets. Ibrahim is driving one of these cars home from work. Ibrahim is a safe driver. He is not driving fast or talking on his mobile phone, and he is watching for other cars and people. But as Ibrahim continues driving down the street, he has a heart attack. His car swerves off of the street and onto the sidewalk. As the people on the sidewalk jump out of the way, Ibrahim’s car continues moving until it crashes into a popular café. Ibrahim’s car is badly damaged and so is the café. The car has destroyed several tables and left a large hole in the front wall. The café owner thinks the repairs will require the café to close for several weeks. A few people in the café also have injuries from diving out of the way of the car. Who should pay to repair the café and to send its customers to the hospital? The law of civil responsibility, found in the Iraqi Civil Code, governs obligations among parties that result from their actions. -
The Formation of Contracts & the Principles of European Contract
Pace International Law Review Volume 13 Issue 2 Fall 2001 Article 5 September 2001 The Formation of Contracts & the Principles of European Contract Law Maria del Pilar Perales Viscasillas Follow this and additional works at: https://digitalcommons.pace.edu/pilr Recommended Citation Maria del Pilar Perales Viscasillas, The Formation of Contracts & the Principles of European Contract Law, 13 Pace Int'l L. Rev. 371 (2001) Available at: https://digitalcommons.pace.edu/pilr/vol13/iss2/5 This Article is brought to you for free and open access by the School of Law at DigitalCommons@Pace. It has been accepted for inclusion in Pace International Law Review by an authorized administrator of DigitalCommons@Pace. For more information, please contact [email protected]. THE FORMATION OF CONTRACTS & THE PRINCIPLES OF EUROPEAN CONTRACT LAW Maria del Pilar Perales Viscasillas* I. Introduction ....................................... 371 II. Freedom of Form: No Consideration or Cause ..... 373 III. Construction of the Contract: The Parol Evidence Rule and Merger Clauses .......................... 374 IV. Formation of the Contract: Exchanging an Offer for its Acceptance? ....... ... 376 V. The Offer: Essential Elements ..................... 377 VI. The Offer: Withdrawal, Revocation, and Expiration ......................................... 381 VII. Irrevocability of the Offer ......................... 383 VIII. Acceptance ........................................ 386 IX. Counteroffer ....................................... 388 X. Battle of the Forms ................................ 389 XI. Written Confirmation ............................. 391 XII. Conclusion of the Contract: Time and Place ....... 394 I. INTRODUCTION The Principles of European Contract Law (PECL)' dedi- cates Chapter 2 to the formation of the contract; that is, to regu- late the process of the formation of the contract mainly through the exchange of two declarations of will: the offer and the ac- ceptance. -
English Law, Roman Law, and Handwritten Wills
University of Chicago Law School Chicago Unbound Journal Articles Faculty Scholarship 1994 The Transmission of Legal Institutions: English Law, Roman Law, and Handwritten Wills Richard H. Helmholz Follow this and additional works at: https://chicagounbound.uchicago.edu/journal_articles Part of the Law Commons Recommended Citation Richard. H. Helmholz, "The Transmission of Legal Institutions: English Law, Roman Law, and Handwritten Wills," 20 Syracuse Journal of International Law and Commerce 147 (1994). This Article is brought to you for free and open access by the Faculty Scholarship at Chicago Unbound. It has been accepted for inclusion in Journal Articles by an authorized administrator of Chicago Unbound. For more information, please contact [email protected]. THE TRANSMISSION OF LEGAL INSTITUTIONS: ENGLISH LAW, ROMAN LAW, AND HANDWRITTEN WILLS R.H. Helmholz* Dean Michael Hoeflich, organizer of this Conference and founder of the Roman Law Society of America, has been a leader in tracing the tangled, continuing, and important relationship between Roman law and Anglo-American law. Through a series of articles, he has lifted the cur- tain on more than one of the facets of this subject, always showing his readers something of value about the inner nature of that relationship.' This article attempts to follow his lead by looking at one particular as- pect of the law of testamentary succession, the validity of unattested, handwritten wills. In one sense this is a very small topic, perhaps wor- thy of only a footnote or two in treatises on the law of wills. However, the subject does provide an excellent example of the much larger phe- nomenon of the transmission of institutions from one legal system to another.