ECON-1006EL Study Guide - Quiz Guide: European Corporate Law, Legal Personality
12 Oct 2020
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Document Summary
Internal organization of a company: separate legal entity (can enter into contracts, it has legal personality and can sue, limited liability (the company should fulfil its own debt responsibility, centralized or delegated management, shared ownership, transferrable shares. They relate to companies in the 3 chosen legislations. How to form a company belongs to the body of company law. Separation of powers (shareholders v board of directors) falls under the body of law of company law. Corporate law: a body of law enabling the creation of an entity with the 5 core characteristics. In order to zoom in on the company. How the powers inside the company are balanced. Germany is influential within continental europe, uk represents common. Law tradition and influenced other countries in eu + middle road between germany and us (common law + implement eu directives). U. s, delaware is a fluid legal system and influenced the development of company law in uk and europe.
