Fiduciary Duty

Working Paper

Corporate Opportunities in the US and in the UK: How Differences in Enforcement Explain Differences in Substantive Fiduciary Duties

Fiduciary duties are often today held out as typical instruments of shareholder protection in the common law of both the US and the UK, which are sometimes held out as examples for a consensus model for what is considered good corporate law...Read more

Martin Gelter
01 March 2017

Comparing Insider Trading in the United States and in the European Union: History and Recent Developments

In the European Union insider trading has been regulated much more recently than in the United States, and it can be argued that, at least traditionally, it has been more
aggressively and successfully enforced in the United States than in...Read more

Marco Ventoruzzo
01 May 2014

Constraining Dominant Shareholders’ Self-Dealing: The Legal Framework in France, Germany, and Italy

All jurisdictions supply corporations with legal tools to prevent or punish asset diversion by those, whether managers or dominant shareholders, who are in control. As previous research has shown, these rules, doctrines and remedies are far from...Read more

Pierre-Henri Conac
Luca Enriques
Martin Gelter
01 October 2007