A Comparative Study of Funding Shareholder Litigation / by Wenjing Chen.

Format:

Book

Author/Creator:

Chen, Wenjing., Author.

Language:

English

Subjects (All):

Conflict of laws.

Commercial law.

Private International Law, International & Foreign Law, Comparative Law .

Commercial Law.

Business Law.

Local Subjects:

Private International Law, International & Foreign Law, Comparative Law .

Commercial Law.

Business Law.

Physical Description:

1 online resource (XVII, 264 p.)

Edition:

1st ed. 2017.

Place of Publication:

Singapore : Springer Singapore : Imprint: Springer, 2017.

Summary:

This book studies the funding problems with shareholder litigation through a functionally comparative way. In fact, funding problems with shareholder lawsuits may largely discourage potential shareholder litigants who bear high financial risk in pursuing such a claim, but on the other hand they may not have much to gain. Considering the lack of incentives for potential shareholder claimants, effective funding techniques should be in place to make shareholder actions function as a corporate governance tool and discipline corporate management. The book analyzes, among others, the practice of funding shareholder litigation in the Australia, Canada, the UK, the US and Israel, and covers all of the typical approaches being used in financing shareholder litigation in the current world. For instance, Israel and Canada (Quebec and Ontario) are probably unique in having a public funding mechanism for derivative actions and class actions, while Australia is the country where third party litigation funding is originated and is growing rapidly. Based on this comparative research, the last part of this book discusses how to fund shareholder litigation in China in context of its social and legal background and what kind of problems need to be solved if certain funding techniques is used.

Contents:

Introduction & Research Agenda

A General Introduction of Shareholder Litigation: A Comparative Perspective

General Rules of the Costs and Funding in Shareholder Litigation

How to Fund Shareholder Litigation: A Comparative Study on Several Funding Ways

Proposals for Solving Funding Problems with Shareholder Litigation in China

Conclusion

Bibliography

List of Selected Cases.

Notes:

Includes bibliographical references.

ISBN:

981-10-3623-3