The Multinational Challenge to Corporation Law

The Multinational Challenge to Corporation Law : The Search for a New Corporate Personality

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Modern multinational corporate groups of incredible complexity conducting world enterprises through numerous subsidiaries have rendered traditional corporation law archaic. The traditional concept of each corporation as a separate legal unit clashes with modern economic realities and frustrates effective regulation when applied to affiliated corporations collectively conducting a common enterprise. In response, there is emerging a law of corporate groups directed at the enterprise rather than its corporate components. As national legal systems begin to apply enterprise law to multinationals, including their foreign companies, the resulting extraterritorial application of national law inevitably leads to international controversy. Resolution of the problems presented by conflicting national regulation of multinational enterprises presents a major challenge to international law and foreign relations law, as well as to corporation law. This volume is a comprehensive review and analysis of these major legal developments and their economic and political implications. It concludes with a pathbreaking analysis of the jurisprudential implications of the changing corporate personality in enterprise law focusing on economic organization rather than on the conceptualized legal entity of yesterday.show more

Product details

  • Hardback | 336 pages
  • 155.4 x 214.4 x 26.9mm | 625.97g
  • Oxford University Press Inc
  • New York, United States
  • English
  • New.
  • 0195070615
  • 9780195070613

Review quote

`The real strength of The Multinational Challenge to Corporation Law is the historical perspective it brings to the discussions of both the development of corporation law, and the development of the law relating to corporate groups, in the United States of America ... It will surely be a fruitful area of research in the future to examine how legal systems react to these challenges.' The Modern Law Review `This highly readable new book, while of great importance to lawyers and other students of corporation law, is presented in a format that is less formidable than many legal texts.' Journal of International Banking Law `His book provides a comphrensive review of major legal developments in the law of corporate groups ... This volume offers considerably more to the reader than a critical re-examination of the corporate jurisprudence ... legal practitioners should benefit from reading this title as much as academics and educators. The survey of modern company and commercial laws governing corporate groups in various jurisdictions of North America and Europe should be an excellent reference for attorneys advising such corporate groups or other companies transacting business with such groups.' International Company and Commercial Law Reviewshow more

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