A Rule-Based Method for Comparing Corporate Laws

Forthcoming in 94 Notre Dame Law Review, Issue 1 (2018)

UCLA School of Law, Public Law Research Paper No. 18-07

40 Pages Posted: 5 Mar 2018  

Lynn M. LoPucki

University of California, Los Angeles (UCLA) - School of Law

Date Written: March 2, 2018

Abstract

This Article proposes and describes operationally a rule-based method for comparing corporate or other entity laws. The method consists of six steps. The first step is to create a hypothetical fact scenario that raises the aspect of corporate law that is of interest to the researchers. The second step is to choose two comparable entity types for comparison. The third step is to conduct the research necessary to resolve the scenario under the law applicable to each entity type, in essentially the same manner that an attorney would if tasked with rendering an opinion. The fourth step is to extract from that research the rules — whether legal, practical, or something else — that directly determined the resolution, express those rules in parallel to the extent practical, and juxtapose them. The fifth step is to express the most important respects in which the laws are the same or different. The sixth step is to apply the researchers’ evaluative criteria to reach useful conclusions. Because the method is efficient, flexible, and easy to use, it can be applied by corporate law scholars, legal reformers, judges, and policy-makers to compare specific aspects of corporate law between two jurisdictions, by corporate lawyers to choose entity types internationally or domestically, and by corporate litigators to anticipate the effect of the court’s choice of law.

Keywords: corporation, comparative law, Delaware, United Kingdom, business judgment rule, comparative method, methodology

Suggested Citation

LoPucki, Lynn M., A Rule-Based Method for Comparing Corporate Laws (March 2, 2018). Forthcoming in 94 Notre Dame Law Review, Issue 1 (2018); UCLA School of Law, Public Law Research Paper No. 18-07. Available at SSRN: https://ssrn.com/abstract=3133464

Lynn M. LoPucki (Contact Author)

University of California, Los Angeles (UCLA) - School of Law ( email )

385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States
(310) 794-5722 (Phone)

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