Lecture 1
Why study Corporate Law?
• Link to ‘conducting business’
• Important role of companies in economies
• To understand dynamics of (international) business activities
o (international) commercial transactions
o (international) trade, free market (neo-liberalization) and globalization
What is Corporate Law?
Companies – gradual development
First emerging business operations, international trade
• Western world – colonies
• East Indian Co
Shaping Company Law or Corporate Law
Need for regulation in 19th – 20th centuries – Era of industrialization
• Demand for mass production
• Startup of many business operations
• UK, US, Continental Europe
Corporate Law – body of law
Corporate Law Business Law
Formation of business forms (i.e. companies) All areas that relate to HOW to do business
Legal operation of business forms (functions,
rights and duties of key actors) Regulates whatever you need to do business (i.e.
employment law, contract law, tax law)
‘Company’ or ‘Corporation’ – differences?
• Incorporated type of business; business form with compliance to certain formalities
• UK Company
• US Corporation
• EU Undertaking
• NL “Corporation” (“open” / “closed”)
• Germany Corporation (private limited / public stock)
For the purpose of this course: company or corporation is used interchangeably
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