This volume examines the circumstances in which a shareholder can bring an action on behalf of a company (a derivative action), exploring how this remedy may be used to ensure good corporate governance, and laying out a theoretical framework and practical guidance for future development of the law. Derivative actions are an important aspect of the continuing debate about corporate governance in the UK, the US and many other jurisdictions
worldwide. This book offers a conceptually inclusive approach to thinking about derivative actions by providing a detailed and clear overview, commentary, and a theoretical explanation of the law governing
derivative actions in the corporate governance context. Reisberg provides a fundamental reassessment of the nature and objectives of the derivative action, and conceptualizes a new model of the derivative action mechanism. He argues that action should be taken in three areas: (1) conceptual (adoption of a new framework- the ‘Functional and Focused Model’ set out in the book) (2) strategic (employment of appropriate incentives and fee
rules which advance the premises behind the Model) (3) maintaining doctrinal consistency (clarification of the interaction between the derivative action and other remedies available
to shareholders) This book offers practical guidance on solving current problems in many jurisdictions based on case law, and on substantive legal, economic, and comparative research. It also provides a comprehensive and detailed analysis and commentary on the regime governing derivative actions under Part 11 of the Companies Act 2006 in the UK.

Author Biography

Dr. Arad Reisberg, D.Phil (Oxon), Advocate, is currently the Director of the Centre for Commercial Law and a Lecturer at the Faculty of Laws, University College London. He is a contributing author to Annotated Companies Acts (Oxford University Press looseleaf), and sits on the Editorial Boards of the journals Corporate Ownership and Control, and International Corporate Rescue. He is an Academic Member of ECGI (European Corporate
Governance Institute) and a co-editor of Pettet’s Company Law.

We are committed to protecting your rights under the Consumer Guarantees Act and working with our suppliers to assist with warranty claims. Products sold by Mighty Ape will be covered by a Manufacturer's Warranty for at least a one-year period from the date of purchase.

Your warranty will cover any manufacturing defects which, if existing, will present themselves within this warranty period.

Your warranty will not cover normal wear and tear, faults caused by misuse, and accidents which cause damage or theft caused after delivery. Using the product in a way it is not designed for will void your warranty.

Please refer to our Help Centre for more information.