Topic
Corporate group
About: Corporate group is a research topic. Over the lifetime, 1747 publications have been published within this topic receiving 46868 citations.
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Journal Article•
TL;DR: In this paper, the authors examine the problems associated with the collapse of corporate groups; in particular, the tension that arises during insolvency between the application of the separate legal entity principle and the common commercial practice of managing corporate groups as a single economic entity.
Abstract: This article examines the problems associated with the collapse of corporate groups; in particular, the tension that arises during insolvency between the application of the separate legal entity principle and the common commercial practice of managing corporate groups as a single economic entity. Specific attention is given to the difficulties faced by insolvency administrators dealing with extensive (and often inadequately documented) intermingling of assets between corporate group members and creditor confusion concerning the precise identity of the debtor corporation. One solution to these problems has been the use of pooling arrangements, with a range of statutory powers currently being used by different courts to facilitate the consolidation, for liability purposes, of the assets of the pooled group companies. However, each of the current methods of pooling has at least some measure of judicial uncertainty, which has prompted the introduction of a statutory pooling regime. This article will discuss how the proposed new pooling powers will overcome the problems that have arisen under the current methods for implementing pooling arrangements and attempt to provide some guidance as to how these new powers may be interpreted by the judiciary.
4 citations
Book•
22 Sep 2011
TL;DR: Understanding Company Law as discussed by the authors provides a straightforward guide to the law, while providing context, detailed analyses of the leading cases, and no little humour, and also offers pathways into further reading, while injecting enjoyment back into the topic.
Abstract: Understanding Company Law is a lively introduction to the key principles of the Companies Act 2006 and modern company law. It takes a unique approach to the subject, which also encompasses the important and growing fields of securities regulation, corporate governance and corporate social responsibility.
This book covers all of the key topics that a student reader will encounter in any company law course. The discussion presents the key principles simply, before guiding the reader through the more complex issues that are often the focus of examinations in this subject. It also offers pathways into further reading, while injecting enjoyment back into the topic.
In Understanding Company Law, Professor Hudson provides a straightforward guide to the law, while providing context, detailed analyses of the leading cases, and no little humour.
The second edition covers key recent changes and developments in company law, both case law and statutory, including: two recent Supreme Court decisions on piercing the corporate veil, VTB Capital plc v Nutritek International Corp and others and Prest v Petrodel Resources Limited & Others, and an analysis of the Conservative government’s Green Paper on Corporate Governance.
Online supportVisit the author’s website at www.alastairhudson.com to find podcasts of specially recorded lectures covering the basic principles and an audiobook version of this text.
4 citations
Book•
01 Jan 2010
TL;DR: In this paper, the effectiveness of Vietnamese directors' duties and analyses them within the broader context of Vietnamese corporate governance are explored and analyzed in terms of the OECD Principles of Corporate Governance and the law matters evidence.
Abstract: This book explores the effectiveness of Vietnamese directors’ duties and analyses them within the broader context of Vietnamese corporate governance. It argues that Vietnamese corporate law has the core ingredients to evolve a stronger corporate governance model in line with the OECD Principles of Corporate Governance and the “law matters” evidence.
4 citations
01 Jan 2015
TL;DR: The impact of differences in ownership and control among the three distinct types of business groups: family-owned, state-owned and widely-held bus companies was studied in this article.
Abstract: While the business group literature has studied the impact of differences in ownership and control among the three distinct types of business groups: family- owned, state-owned, and widely-held bus...
4 citations
TL;DR: In this paper, the authors examined whether merger performance is different between member companies of a Japanese business group (keiretsu) and independent companies and found that within-group mergers tend to increase the number of employees and average annual salary but decrease the ratio of research and development after mergers.
Abstract: This study examines whether merger performance is different between member companies of a Japanese business group (keiretsu) and independent companies. The six largest keiretsu groups with a long history are the focus (Mitsubishi, Mitsui, Sumitomo, Fuyo, Sanwa, and Daiichi Kangyo). Using data on mergers between Japanese-listed companies for 1985–2014, this study investigates the role of keiretsu groups on post-merger performance including company stock price, number of employees, and research and development. The event study shows that the stock prices of acquirers react less positively to announcements for within-group mergers than for mergers between independent firms. In addition, acquirers of within-group mergers tend to increase the number of employees and average annual salary but decrease the ratio of research and development after mergers. Such reduced ratio of research and development is not observed for acquirers of other types of mergers. In addition, the targets of within-group mergers tend to have higher leverage than other targets. Our results indicate that within-group mergers do not seem to aim at enhancing economic performance of acquirers but rather at rescuing troubled targets and are, thus, perceived unfavorably by market participants.
4 citations