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Corporate law (also "company" or "corporations" law) is the law of the most dominant kind of business enterprise in the modern world. Corporate law is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another under the internal rules of the firm.
Corporate law is a part of a broader companies law (or law of business associations). Other types of business associations can include partnerships (like most law firms), or trusts (like a pension fund) or companies limited by guarantee (like some universities or charities). Corporate law is about big business, which has separate legal personality, with limited liability or unlimited liability for its members or shareholders, who buy and sell their stocks depending on the performance of the board of directors. It deals with the firms that are incorporated or registered under the corporate or company law of a sovereign state or their subnational states. According to the American Professors Hansmann (of Yale University) and Kraakman (of Harvard University), the five defining characteristics of the modern corporation are:[1]
* Separate Legal Personality of the corporation (the right to sue and be sued in its own name i.e. the law treats the company as a human being.
* Limited Liability of the shareholders (so that when the company is insolvent, they only owe the money that they subscribed for in shares)
* Transferable Shares (usually on a listed exchange, such as the London Stock Exchange, New York Stock Exchange or Euronext in Paris)
* Delegated Management, in other words, control of the company placed in the hands of a board of directors
* Investor Ownership, which Hansmann and Kraakman take to mean, ownership by shareholders.
The last of these defining features is contested. For a start, it is pointed out that shareholders do not own corporations, they own their shares.[2] Ownership of a corporation is complicated by increasing social and economic interdependence, as different stakeholders compete to have a say in corporate affairs. In most developed countries excluding the English speaking world, company boards have representatives of both shareholders and employees to "codetermine" company strategy. Corporate law is often divided into corporate governance (which concerns the various power relations within a corporation) and corporate finance (which concerns the rules on how capital is used).
Topic starter
Posted : 26/04/2010 8:30 am
Re: Corporate law
The defining feature of a corporation is its legal independence from the people who create it. If a corporation fails, its shareholders will lose their money, and employees will lose their jobs, though disproportionately affecting its workers as opposed to its upper executives. Shareholders, however owning a part piece of the company, are not liable for debts that remain owing to the corporation's creditors.
Posted : 14/07/2010 5:41 am
Re: Corporate law
A lawyer. When you have a JD / LLB and you have passed your bar is licensed to practice in all areas of law you want. As for the top law schools, the best is probably Toronto, Osgoode, Queen, Western, UBC and University of Victoria. McGill, even if your French is good enough.
Posted : 13/08/2010 2:37 pm
Re: Corporate law
Hello,
A corporation is an institution that is granted a charter recognizing it as a separate legal entity having its own privileges, and liabilities distinct from those of its members. Corporations exist as a product of corporate law, and their rules balance the interests of the management who operate the corporation, creditors, shareholders, and employees who contribute their labor.[2] In modern times, corporations have become an increasingly dominant part of economic life.
An important feature of corporation is limited liability. If a corporation fails, shareholders normally only stand to lose their investment, and employees will lose their jobs, but neither will be further liable for debts that remain owing to the corporation's creditors.
Thank You
Posted : 11/09/2010 6:12 am
Re: Corporate law
Hello Friends,
Corporate lawyers ensure the legality of business practices and transactions. Working for all sizes of corporations, these professionals must understand laws and regulations to help their clients and companies work within legal boundaries.
Thanks
Posted : 24/11/2011 8:37 am
Re: Corporate law
auditing procedure hi friends, im sending you the ppt of auditing procedure in corporate law.
Posted : 18/12/2011 4:47 am
Re: Corporate law
Pittsburgh DUI Lawyer and Pittsburgh Criminal Attorney practicing, DUI, drug charges, federal charges, shoplifting, probation violations and all other criminal charges. In a free initial consultation, we can discuss the facts of your case and strategies for defense.
Posted : 09/01/2012 7:52 am
Re: Corporate law
yes, I am agree with you
Posted : 22/06/2012 7:34 pm
Re: Corporate law
Corporate law are define with business corporations. It play virtual parties with corporations clients and it counterparts structured for the long, irregular judicial saner. It cultivating negotiations are very expensive for this law.
Posted : 17/09/2012 7:56 am
Re: Corporate law
Business regulation is all about the interaction between different major components of the investment industry encompassing shareholders, workers, buyers and creditors with one another. Very company is renowned to have distinct lawful personality under the corporate regulation, therefore desires lawful representation accordingly.
Posted : 18/10/2012 9:17 pm
Re: Corporate law
Corporate law is a part law of business associations. Here I get such great information about corporate law. There are many characteristics of corporation law like separate legal personality, delegated management, public company and many more.
Posted : 22/10/2012 12:39 pm
Re: Corporate law
As a junior corporate lawyer, you will be learning things the hard way. As a junior corporate associate, you have to do the grunt work of organizing documents, faxing, proofreading, copying, scheduling meetings, etc.
Posted : 30/11/2012 7:34 am
Re: Corporate law
As per my knowledge, corporate law is the law that was established by government for effective way business management and business regarding issues solution. Mostly companies are doing their work in legal ways nowadays with following corporate laws.
Posted : 03/12/2012 12:29 pm
Re: Corporate law
Corporate law is the body of law dealing with corporations. It includes bits and pieces from dozens of different fields, and would include some aspects of commercial law.
Posted : 23/01/2013 4:54 am
Re: Corporate law
Corporate lawyer focuses on the legal matters of business. The responsibility of a business lawyer is officially the legality of business transactions, advice on their legal rights, including the responsibilities of corporate officers
Posted : 04/02/2013 7:34 am
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