Directors' Liability: A Worldwide Review 2nd ed

This is an expanded and updated edition of an acclaimed reference book for international business lawyers first published in 2006.

Compiled under the auspices of the International Bar Association, this comparative study of a crucial issue in corporate law gives practitioners a unique tool for ascertaining and comparing the law affecting directors’ liability in today’s globalizing economies.

In this new edition, covering a total of 41 jurisdictions, each of more than seventy senior lawyers in major firms provides a concise, detailed, and easy-to-understand summary on his or her home law on directors’ liability. Authors whose research appeared in the first edition have updated their chapters, and the case law throughout the book now reflects published cases through the end of March 2010.

The contributions describe the relevant law in force in each particular jurisdiction, along with an insightful discussion of trends and future prospects. For each of the different jurisdictions the authors detail and explain such factors as the following:

• national legal theories of director liabilities;
• recent cases dealing with directors’ liability;
• socio-anthropological issues;
• corporate governance;
• liability issues; and
• indemnification and insurance.

Where applicable, coverage also includes the legal implications of jurisdictional variations in such matters as judicial review, lawyer directorship, directors’ reliance on outside professionals, and the effect of the European Action Plan. Jurisdictions in all continents are covered. An alphabetical key word register at the end of the book offers not only page numbers but, in addition, abbreviated country names, in order to facilitate finding the appropriate page numbers for the country desired.

This one-of-a-kind publication will be of enormous value to legal practitioners, whether in private practice or in the legal department of a globally active company, as a comprehensive and easy access to the law of foreign jurisdictions on directors’ liability.