We develop an interpretation of the economics of alternative shareholder liability regimes that challenges the view that limited liability always represents the most efficient form of corporate ...

In the transactional setting, lawyers are often concerned with confirming the authority of corporate officers and other agents to bind the corporation. Thus, we often see representations and ...

The decision's significance, however, is not limited to the facts of Hoskins and the FCPA — and may have implications for any case involving corporate criminal liability for the actions of agents.

Agency agreements are used when one party authorizes another to conduct business on its behalf. The authorizing party is known as the principal, while the party conducting the business is known as the ...

The Court of Chancery dismissed a complaint filed by creditors and former business affiliates of a defunct Latin American offshore oil service company for failing to establish, under agency or joint ...

As a small business owner, it's likely that you routinely employ other people to perform tasks and make decisions on your behalf. Delegating responsibility can take a lot of weight off your shoulders ...