Comparative Company Law

Comparative Company Law provides a systematic and coherent exposition of company law across jurisdictions, augmented by extracts from key judgments and legislation. It gives an overview of the legal framework of company law in the US, the UK, Germany, and France, as well as the legislative measures adopted by the EU and the relevant case law of the European Court of Justice.

The comparative analysis of legal frameworks is firmly grounded in legal history and legal and economic theory and bolstered by numerous extracts (including extracts in translation) that offer the reader an invaluable insight into how the law operates in context. The book is an essential guide to how company law cuts across borders, and how different jurisdictions shape the corporate lifespan from its formation by way of incorporation to its demise (corporate insolvency) and eventual dissolution. In addition, it offers an introduction to the nature of the corporation, the framework of EU company law, incorporation and corporate representation, agency problems in the firm, rights of stakeholders and shareholders, directors' duties, minority protection in corporate control transactions, legal capital, piercing the corporate veil, and corporate insolvency and restructuring law.

Carsten Gerner-Beuerle, Professor of Commercial Law, University College London,Michael Anderson Schillig, Professor of Law, King's College London

Carsten Gerner-Beuerle is Professor of Commercial Law at University College London, and Michael Schillig is Professor of Law at King's College London.

Carsten Gerner-Beuerle is Professor of Commercial Law at University College London. He read law and economics at Humboldt University Berlin, the University of Minnesota, and the University of London. From 2004 to 2009 he was a lecturer at King's College London, and from 2009 to 2017 he held appointments at the London School of Economics and Political Science. He is admitted to the bar in Germany and practises as a registered European lawyer in England and Wales. He advises on matters of international corporate, insolvency, and capital markets law.

Michael Anderson Schillig is a Professor of Law at King's College London. He read law at the University of Erlangen-Nuremberg, King's College London, and Humboldt University Berlin. From 2004 to 2007 he was a lecturer at the University of Sheffield, and from 2007 to 2017 he held appointments in international commercial and financial law at King's College London. He is admitted to the bar in Germany and practises as a registered European lawyer in England and Wales. He advises on matters of international corporate, insolvency, and capital markets law.

PART 1: THE BUSINESS CORPORATION AS A LEGAL INSTITUTION1. Emergence of the Business Corporation2. European and International Context3. Nature and FormationPART 2: STRATEGIES TO REDUCE AGENCY COSTS BETWEEN DIRECTORS AND SHAREHOLDERS4. Corporate Governance Regulation5. Elements of Shareolder Democracy6. Constraints on Discretion: Part 1- Directors7. Constraints on Discretion: Part 2- Shareholders8. EnforcementPART 3: STRATEGIES TO REDUCE AGENCY COSTS BETWEEN THE COMPANY AND CREDITORS9. The Concept of Legal Capital10. Exceptions to the Principle of Limited Liability11. Dissolution and Corporate InsolvencyPART 1: THE BUSINESS CORPORATION AS A LEGAL INSTITUTION1. Emergence of the Business Corporation2. European and International Context3. Nature and FormationPART 2: STRATEGIES TO REDUCE AGENCY COSTS BETWEEN DIRECTORS AND SHAREHOLDERS4. Corporate Governance Regulation5. Elements of Shareholder Democracy6. Constraints on Discretion: Part 1 - Directors7. Constraints on Discretion: Part 2 - Shareholders8. EnforcementPART 3: STRATEGIES TO REDUCE AGENCY COSTS BETWEEN THE COMPANY AND CREDITORS9. The Concept of Legal Capital10. Exceptions to the Principle of Limited Liability11. Dissolution and Corporate Insolvency