The Multinational Challenge To Corporation Law: The Search For A New Corporate Personality

The Multinational Challenge to Corporation Law: The Search for a New Corporate Personality

Review "The real strength of The Multinational Challenge to Corporation Law is the historical perspective it brings to the discussions of both the development of corporation law, and the development of the law relating to corporate groups...."--Modern Law Review"A readable book, easily accessible to someone who knows little of the law of corporations and, indeed, to those with no legal training at all. It treats the issues in an intelligent, balanced way, which is just what one would expect from a scholar of Blumberg's stature."--Michigan Law Review"An insightful examination of a legal issue whose importance extends well beyond the boardrooms and offices of corporate lawyers."--Dalhousie Journal of Legal Studies"This highly readable new book, while of great importance to lawyers and other students of corporation law, is presented in a format that is less formidable than many legal texts."--Journal of International Banking Law"This is a work of great learning and breadth."-- Transnational Corporations Modern multinational corporate groups of incredible complexity conducting world enterprises through numerous subsidiaries have rendered traditional corporation law archaic. The traditional concept of each corporation as a separate legal unit clashes with modern economic realities and frustrates effective regulation when applied to affiliated corporations collectively conducting a common enterprise. In response, there is emerging a law of corporate groups directed at the enterprise rather than its corporate components. As national legal systems begin to apply enterprise law to multinationals, including their foreign companies, the resulting extraterritorial application of national law inevitably leads to international controversy. Resolution of the problems presented by conflicting national regulation of multinational enterprises presents a major challenge to international law and foreign relations law, as well as to corporation law. This volume is a comprehensive review and analysis of these major legal developments and their economic and political implications. It concludes with a pathbreaking analysis of the jurisprudential implications of the changing corporate personality in enterprise law focusing on economic organization rather than on the conceptualized legal entity of yesterday. About the Author Phillip I. Blumberg is at University of Connecticut School of Law (Emeritus).