Within corporate law there is a tense awareness of the overwhelming power of controlling shareholders. Oftentimes, such shareholders exert prodigious force over the actions of the company’s board of directors, in part because controlling shareholders may handpick the board.1 Using their connections to the board, a controlling shareholder may influence company action in an interested2…
Tag: Corporate Law
Corporate Law in Post-Communist Countries: Changes in the Czech Republic
Within every legal system, corporate law serves the immensely important function of regulating influential economic actors and economic affairs. It is therefore crucial that corporate law attracts the necessary academic and legislative attention to pursue perpetual development of an appealing framework that will not itself be an obstacle for economic activities and operations. For post-communist…
Corporate Malfeasance- Can it be prevented?
Corporate malfeasance can have a devastating effect on many innocent people. Perhaps one of the best examples is the 2008 financial crisis, which was caused in part by bankers knowingly issuing subprime mortgages to borrowers with little to no income, job, or assets. As a result of the crisis, the United States unemployment rate skyrocketed…
The Modern Merger
The business world welcomed news of Pfizer’s plans to acquire Allergen in a $160 billion deal.1. The merger not only represents the biggest pharmaceutical merger of all time, but is also viewed as an indication that the business world is back on its feet as deal activity is surpassing all pre-recession metrics.2. While many positives…