Oxford Business Law Blog

My recent book, ‘Company Law: A Real Entity Theory’, advances a real entity theory of company law. I argue that the company is a legal entity allowing an organization or firm to act autonomously in...

In 2021, Bitcoin has reached a crucial inflection point. At its peak in November 2021, Bitcoin traded at more than $69,000 in a trillion-dollar market. The year also saw El Salvador’s historic...

The United States has long had a uniquely broad rule of criminal liability that essentially parallels respondeat superior. This has offended doctrinal purists, but there is little likelihood of...

In time for Christmas, there will be yet another of those horror stories about the once dead walking again and causing havoc among the living. Not, though, another Hollywood extravaganza, but...

Since late 2019 the UK Government has been discussing the possibility of allowing dual class capital structures in the premium listing regime of the London Stock Exchange (LSE). The revival of IPOs...

On Friday 29 October 2021, a hybrid conference organised by Columbia University and the European Corporate Governance Institute (ECGI) will celebrate Professor Henry Hansmann’s seminal book ‘The...

Over the past decade, corporate social responsibility (CSR) has come to the forefront of attention both in the corporate environment and in the academic literature. According to the Global...

A recent incident involving Japanese conglomerate Toshiba bears important lessons for corporate governance in Japan, in particular shareholder activism and the possibility to acquire shares in...

In my recent article published in the Journal of Corporate Law Studies—‘British Social Enterprise Law’—I take a fresh look at the UK’s community interest company (CIC). In so doing, I make several...

The amount of capital in sustainable investing funds has risen in recent years, as investors’ awareness towards Environmental Social and Corporate Governance (‘ESG’) heightened related issues. This...

In the early hours of the morning of 14th June 2017 a fire broke out in one of the fourth-floor flats at a recently renovated tower block at Grenfell Tower, London, a social housing complex of almost...

Corporate governance reforms in India have undergone a significant overhaul since the late 1990s. In 2000, the Securities and Exchange Board of India (SEBI) introduced the first set of comprehensive...

In their recent post ‘Corporate Carbon Reduction Pledges: Beyond Greenwashing’, John Armour, Luca Enriques & Thom Wetzer (AEW) open up a number of important issues worthy of further consideration...

In the UK, the two directors’ duties most relevant to climate change arise under the Companies Act 2006. First, according to section 172 of the Act directors are under the fiduciary duty to promote...

The GameStop and meme-stock trading frenzy are evidence of a potential revolution in corporate governance and signal the rise of Generation Y (‘Millennials’) and Generation Z (‘GenZ’) as retail...

In 1976, economists Michael Jensen and William Meckling published what turned out to be the most cited academic business article of all time. Their paper, titled ‘Theory of the Firm: Managerial...

Bank resolution is a cornerstone of the regulatory architecture that emerged in the aftermath of the global financial crisis. Its core aim is to orderly resolve distressed banks allocating losses to...

In recent weeks, the Securities and Exchange Commission (SEC) has devoted considerable attention to Environmental, Social and Governance, or ESG, matters. It has requested public comment on climate...

The self-declared overall objective of the ‘Study on directors’ duties and sustainable corporate governance’ that Ernst and Young recently prepared for the European Commission DG Justice and...