Economic Analysis of Director Liability (In German)

DIRECTOR'S LIABILITY IN 15 EUROPEAN COUNTRIES, pp. 95-163, S. Klass, Linde Verlag, Wien, eds., 2005

71 Pages Posted: 7 Jul 2010  

Kristoffel R. Grechenig

Max-Planck-Institute for Research on Collective Goods

Georg Eckert

Vienna University of Economics and Business

Alexander Stremitzer

UCLA School of Law

Date Written: August 1, 2005

Abstract

This article provides a functional overview on different forms of director liability from a law & economics perspective. It introduces key concepts of the economic analysis of tort law and applies them to sharpen the perspective on the doctrinal concept of “internal liability” (“Innenhaftung”) and “external liability” (“Außenhaftung”) of directors vis-à-vis equity holders, creditors, and other third parties. After analyzing special problems arising from the accountability of directors to third parties (“Dritthaftung”), we put particular emphasis on problems of litigation and enforcement. The aim of the paper is to provide a functional tertium comparationis for the purpose of evaluating the national legal regimes described in this book.

Notes: Downloadable document is in German.

Keywords: Director liability, Vorstandshaftung, Organhaftung, Ökonomische Analyse

Suggested Citation

Grechenig, Kristoffel R. and Eckert, Georg and Stremitzer, Alexander, Economic Analysis of Director Liability (In German) (August 1, 2005). DIRECTOR'S LIABILITY IN 15 EUROPEAN COUNTRIES, pp. 95-163, S. Klass, Linde Verlag, Wien, eds., 2005 . Available at SSRN: https://ssrn.com/abstract=1635106 or http://dx.doi.org/10.2139/ssrn.1635106

Kristoffel R. Grechenig

Max-Planck-Institute for Research on Collective Goods ( email )

Kurt-Schumacher-Str. 10
D-53113 Bonn, 53113
Germany
+49 228 91416-51 (Phone)
+49 228 91416-851 (Fax)

HOME PAGE: http://sites.google.com/site/kristoffelgrechenig

Georg Eckert

Vienna University of Economics and Business ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Alexander Stremitzer (Contact Author)

UCLA School of Law ( email )

405 Hilgard Avenue
Box 90095-1476
Los Angeles, CA 90095-1476
United States

HOME PAGE: http://www.law.ucla.edu/faculty/all-faculty-profiles/professors/Pages/Alexander-Stremitzer.aspx

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