Compiled under the auspices of the International Bar Association, this firstever comparative study of a crucial issue in corporate law gives practitioners a unique tool for comparing competing legislative systems in our globalizing economies. Each of more than fifty authors, all of them senior lawyers in major firms, provides a summary on his or her home law on directors liability, as concise and as easy to understand as possible.
The contributions describe the relevant law in force in each particular jurisdiction, along with an insightful discussion of trends and future prospects. For each of thirty-four different jurisdictions the authors detail and explain such factors as the following:
- national legal theories of directors liabilities
- recent cases dealing with directors liability
- socio-anthropological issues
- corporate governance
- liability issues
- indemnification; and
Where applicable, coverage also includes the legal implications of jurisdictional variations in such matters as judicial review, lawyer directorship, directors reliance on outside professionals, and the effect of the European Action Plan. Jurisdictions in all continents are covered, including all G8 states, the European Community, and sixteen EU Member States. An alphabetical subject index at the end of the book offers not only page numbers but, in addition, abbreviated country names, in order to facilitate finding the appropriate page numbers for the country desired.
This one-of-a-kind publication will be of enormous value to legal practitioners, whether in private practice or in the legal departments of one of the globally active companies, as a comprehensive and easy-to-understand first access to the law of foreign jurisdictions on directors liability.