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Limited Liability - A Legal and Economic Analysis (Hardcover)
Loot Price: R3,491
Discovery Miles 34 910
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Limited Liability - A Legal and Economic Analysis (Hardcover)
Expected to ship within 12 - 17 working days
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'Bainbridge and Henderson have given us one of the most important
books on one of the most important contemporary legal issues, the
liability of individual and corporate shareholders for corporate
debts. There is no issue in corporate law more subject to
uncertainty and no issue more likely to be litigated. No single
book has ever attempted, much less carried off, the complete
historical, international, economic and legal theoretical exegesis
of limited liability, which these two authors do with range, depth,
confidence and even a bit of panache. This monograph, of crucial
interest both to scholars and practitioners, will become an instant
classic and an immediate authority.' Stephen B. Presser,
Northwestern University and the author of Piercing the Corporate
Veil The modern corporation has become central to our society. The
key feature of the corporation that makes it such an attractive
form of human collaboration is its limited liability. This book
explores how allowing those who form the corporation to limit their
downside risk and personal liability to only the amount they invest
allows for more risks to be taken at a lower cost. This
comprehensive economic analysis of the policy debate surrounding
the laws governing limited liability examines limited it not only
in an American context, but internationally, as the authors
consider issues of limited liability in Britain, Europe and Asia.
Stephen Bainbridge and M. Todd Henderson begin with an exploration
of the history and theory of limited liability, delve into an
extended analysis of corporate veil piercing and related doctrines,
and conclude with thoughts on possible future reforms. Limited
liability in unincorporated entities, reverse veil piercing and
enterprise liability are also addressed. This comprehensive book
will be of great interest to students and scholars of corporate
law. The book will also be an invaluable resource for judges and
practitioners.
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