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Screen scraping—any automated process to extract content from a website for use in another context—has found countless applications over the past two decades. It is now used for targeted advertising...

In January 2021, the price of Bitcoin rose from about $32,000 to $38,000 within a few hours, which corresponded to a $111 billion increase in market capitalization. This increase followed the...

Corporate governance research has been shaped by the Berle and Means model that focuses on publicly-traded corporations characterized by the separation between ownership and control. Yet, a look at...

Looking at the trends of annual shareholders meetings held in Japan in 2020, it can be said that many companies have been slow to close their accounts due to the ongoing pandemic and the associated...

Accelerating developments are being observed in machine learning (ML) technology as the capacities for data capture and ever-increasing computer processing power have significantly improved. This is...

Public markets have undergone dramatic changes in recent years. Not only has the number of publicly traded firms been declining, but the nature of the firms that choose to go public has also changed...

By employing a comprehensive study of the legal practices of the venture capital industry, my recent article ‘The Political Economy of China’s Business Organisation Laws and its Implications for...

The contractarian theory of the corporation holds that a business corporation is a creature of contract and, more specifically, a nexus of incomplete contracts between directors, shareholders,...

This post is based on a chapter in my forthcoming book, Regulating the Crypto-economy (Hart Publishing). A brief introduction to the book sets the context for the arguments made in the chapter...

The US Bankruptcy Code is the primary source of bankruptcy relief for debtors in the United States. But it is not the only source. Over the years, Congress has occasionally created bespoke bankruptcy...

The frustration (or ‘frustration of purpose’) doctrine excuses a party from its contractual obligations when an extraordinary event completely undermines its principal purpose in making the deal...

As 2015 witnessed governments across the globe acknowledging the urgency to tackle the problem of climate change, finance came to be seen as crucial in realizing the vision in the United Nations...

No area of company law seems to have generated greater controversy and uncertainty in recent times than corporate attribution. There have been at least seven decisions handed down in the last decade...

Recent developments have placed antitrust law on a collision course with corporate purpose. In a new paper, I reveal the unforeseen negative impacts of this conflict and provide a roadmap for...

The EU project is at an inflection point. Intra-EU alliances are altering in light of the UK’s departure, and the EU is grappling with a constellation of crises, including the continued fallout from...

The COVID-19 pandemic has spread worldwide like wildfire turning from a public health crisis into what appears to be the greatest economic crisis since the Great Depression. In addition to measures...

On February 23, 2021, the United States Tax Court issued a split decision on the question of whether ‘cash back’ rewards issued by credit card companies are taxable gross income. In Konstantin...

As more businesses seek to expand their reach by offering services across the globe, including to the European Union countries, the issue of compliance with the General Data Protection Regulation (...

The United States Congress recently enacted the Corporate Transparency Act (CTA) which applies to foreign-owned shell companies. It mandates a ‘reporting company’ to provide certain information of...

The fundamental question in the law of business organizations—what is the purpose of the corporation? —contains a related question of constituencies and therefore priorities among them—whom does the...