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Limited Liability of Shareholders: Status Quaestionis

DERECHO DE SOCIEDADES Y GOBIERNO CORPORATIVE, Flor de María Cordova, ed., p. 398, Grijley, Lima, 2008

11 Pages Posted: 6 Feb 2010  

Jesus Alfaro

Universidad Autónoma de Madrid

Date Written: September 2007

Abstract

This short article describes the legal and economic doctrines on which limited liability of shareholders is based. Its main contribution to the debate lies in downplaying the alleged special protection needs of tort creditors. It is submitted that tort creditors are protected by the general tort law and therefore no need for limiting the scope of limited liability is needed even in the realm of close corporations.

Notes: Downloadable document is in Spanish.

Keywords: limited liability, shareholders, creditors

JEL Classification: G34

Suggested Citation

Alfaro, Jesus, Limited Liability of Shareholders: Status Quaestionis (September 2007). DERECHO DE SOCIEDADES Y GOBIERNO CORPORATIVE, Flor de María Cordova, ed., p. 398, Grijley, Lima, 2008. Available at SSRN: https://ssrn.com/abstract=1543967

Jesus Alfaro (Contact Author)

Universidad Autónoma de Madrid ( email )

Facultad de Derecho
Campus Cantoblanco
Madrid, Madrid 28049
Spain

HOME PAGE: http://www.derechomercantilespana.blogspot.com

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