Oxford Business Law Blog

Securities litigation is a virtually inevitable fact of life for any public company. Often, investors sue because the firm’s managers engaged in fraud that directly harmed the shareholders—say, by...

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...

On June 11, 2020, the Hertz Corporation attempted to become the first corporate debtor to finance a bankruptcy proceeding by issuing new shares of common stock to the public. Though many thought...

We have recently been commissioned by Edward Elgar to curate a Research Handbook on Global Capital Markets. It is timely for a Research Handbook to take stock of the key developments in global...

Eric E Posner and E Glen Weyl recently stated in their book, Radical Markets, that ‘If we aspire to prosperity and progress, we must be willing to question old truths, to get at the root of the...

Since computers entered into the mainstream in the 1960s, the efficiency with which data could be processed has raised regulatory questions. This is well understood with respect to privacy. Data that...

The present regulatory orthodoxy in protecting individual investors from ‘bad’ investments is to create and enforce a robust disclosure regime. Many jurisdictions therefore require issuers of...

Dual class capital structures have spread exponentially in recent years across much of the corporate world, as has previously been reported on this blog. Dual class listed companies today account for...

We are delighted to share the news about the publication of our new book, Behavioral Law and Economics (OUP 2018). This book aims to serve as a gateway into the world of behavioral analysis. It...

As knowledge of cryptocurrencies becomes more widespread, the number of the people using them grows. Their attractiveness is due in part to their decentralized, peer-to-peer structure. This makes...

‘Seniors [are] particularly vulnerable to investment scams’ read one news headline. ‘We are taking further steps to find and eliminate from our system pump-and-dump scammers, those who prey on...

Investment managers owe fiduciary duties to clients, including a duty of loyalty and a duty of care. A persistent question, with no clear answer, is what precisely is required by the duties of...

Drawing on the disconnect that currently exists between the social expectations associated with the corporate governance role of institutions and the institutions’ private interests, our article...

The market of a successful financial centre must be efficient, orderly and fair, which requires that investor protection rules be well written and effectively enforced. Such enforcement can be...

Most Indian listed companies are run by promoters who are a set of persons and/ or families having effective control over a listed company. The Securities and Exchange Board of India (SEBI), the...

For over eighty years, US security laws have focused on mandating disclosures to protect investors. The efficacy of this strategy has been hotly debated for decades. Equity crowdfunding as it was...

One of the main objectives of securities regulation is to protect the fairness or integrity of the markets. However, despite the fact that this is a fundamental goal, there has been relatively little...