FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2123039462> ?p ?o ?g. }

• W2123039462 abstract "Using a dataset of Chinese judicial opinions arising in over fifty cases, this paper analyses the development and current implementation of shareholder derivative actions in the courts of the People’s Republic of China (“PRC”), both before and after the derivative lawsuit was explicitly authorized in the PRC’s 2006 Company Law effective January 1, 2006. In addition, we describe the very unique ecology of enterprise organization and corporate governance in modern China, and critique the formal design of the derivative action and offer reform suggestions. We find the design of the Chinese derivative lawsuit to be, in some respects, innovative and appropriate for Chinese circumstances. For instance, the statutory scheme permits “horizontal” claims against controlling or oppressive shareholders in addition to “vertical” claims against orthodox insiders and fiduciaries. At the same time, we find certain design flaws, including standing-based obstacles for plaintiffs, a lack of clarity regarding demand, demand excuse and refusal, and an unnecessary distinction regarding the required wrong underlying derivative actions directed at corporate fiduciaries, on one hand, and others (such as controlling shareholders), on the other. In implementation, we find extremely robust – even overly-aggressive -- use of the mechanism by both plaintiffs and deciding judges before and after its formal recognition in law. As in other applications of the corporate law before the courts in China, this use of the derivative action seems to be entirely limited to the closely-held form of corporation. The absence of application with respect to the widely-held, joint stock, form of company is striking because the derivative lawsuit itself was included in the 2006 PRC Company Law revision precisely so as to give minority shareholders in such widely-held companies a way to hold insiders and controlling shareholders accountable at law for rampant malfeasance. In addition, we note the way in which some PRC courts are wary or uncomprehending of the underlying corporate law doctrines for which the derivative action is a necessary vehicle, particularly the duty of care. An updated and edited version of this paper was published as a chapter entitled “Pathway to Minority Shareholder Protection: Derivative Actions in the People’s Republic of China” in D. Puchniak et al. (eds.), The Derivative Action in Asia: A Comparative and Functional Approach (Cambridge University Press, August 2012)." @default.
• W2123039462 created "2016-06-24" @default.
• W2123039462 creator A5053903959 @default.
• W2123039462 date "2011-01-01" @default.
• W2123039462 modified "2023-09-23" @default.
• W2123039462 title "Pathway to Minority Shareholder Protection: Derivative Actions in the People's Republic of China" @default.
• W2123039462 cites W131741792 @default.
• W2123039462 cites W1548761486 @default.
• W2123039462 cites W1981679316 @default.
• W2123039462 cites W2052550829 @default.
• W2123039462 cites W2058781004 @default.
• W2123039462 cites W2477402657 @default.
• W2123039462 cites W3122251513 @default.
• W2123039462 cites W3123176918 @default.
• W2123039462 cites W3124429050 @default.
• W2123039462 cites W3125340379 @default.
• W2123039462 cites W62407112 @default.
• W2123039462 doi "https://doi.org/10.2139/ssrn.1968732" @default.
• W2123039462 hasPublicationYear "2011" @default.
• W2123039462 type Work @default.
• W2123039462 sameAs 2123039462 @default.
• W2123039462 citedByCount "4" @default.
• W2123039462 countsByYear W21230394622014 @default.
• W2123039462 countsByYear W21230394622020 @default.
• W2123039462 countsByYear W21230394622021 @default.
• W2123039462 crossrefType "journal-article" @default.
• W2123039462 hasAuthorship W2123039462A5053903959 @default.
• W2123039462 hasBestOaLocation W21230394622 @default.
• W2123039462 hasConcept C10138342 @default.
• W2123039462 hasConcept C111771559 @default.
• W2123039462 hasConcept C120757647 @default.
• W2123039462 hasConcept C144133560 @default.
• W2123039462 hasConcept C17744445 @default.
• W2123039462 hasConcept C191935318 @default.
• W2123039462 hasConcept C199539241 @default.
• W2123039462 hasConcept C2994371709 @default.
• W2123039462 hasConcept C39389867 @default.
• W2123039462 hasConceptScore W2123039462C10138342 @default.
• W2123039462 hasConceptScore W2123039462C111771559 @default.
• W2123039462 hasConceptScore W2123039462C120757647 @default.
• W2123039462 hasConceptScore W2123039462C144133560 @default.
• W2123039462 hasConceptScore W2123039462C17744445 @default.
• W2123039462 hasConceptScore W2123039462C191935318 @default.
• W2123039462 hasConceptScore W2123039462C199539241 @default.
• W2123039462 hasConceptScore W2123039462C2994371709 @default.
• W2123039462 hasConceptScore W2123039462C39389867 @default.
• W2123039462 hasLocation W21230394621 @default.
• W2123039462 hasLocation W21230394622 @default.
• W2123039462 hasLocation W21230394623 @default.
• W2123039462 hasOpenAccess W2123039462 @default.
• W2123039462 hasPrimaryLocation W21230394621 @default.
• W2123039462 hasRelatedWork W2026201934 @default.
• W2123039462 hasRelatedWork W2348775828 @default.
• W2123039462 hasRelatedWork W2351955423 @default.
• W2123039462 hasRelatedWork W2359873691 @default.
• W2123039462 hasRelatedWork W2365732027 @default.
• W2123039462 hasRelatedWork W2368788010 @default.
• W2123039462 hasRelatedWork W2373152280 @default.
• W2123039462 hasRelatedWork W2381597452 @default.
• W2123039462 hasRelatedWork W2383176179 @default.
• W2123039462 hasRelatedWork W4213071063 @default.
• W2123039462 isParatext "false" @default.
• W2123039462 isRetracted "false" @default.
• W2123039462 magId "2123039462" @default.
• W2123039462 workType "article" @default.