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Table of Contents
From an Extractive to a Non-Extractive Economy: Disentangling the Building Blocks of Non-Extractive Economic Practices
Kinanya Pijl, University of Amsterdam
The Case of David vs. Goliath. On Legal Ethics and Corporate Lawyering in Large Scale Civil Liability Cases
Iris van Domselaar, Amsterdam Law School, University of Amsterdam Ruth De Bock, University of Amsterdam
The Social Enterprise: A New Form of Enterprise?
Lécia Vicente, Louisiana State University, Baton Rouge - Paul M. Hebert Law Center
Public Benefit Corporation Act Amendments – 2022
Herrick K. Lidstone, Burns, Figa & Will, P.C., University of Denver Sturm College of Law
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CORPORATE LAW: CORPORATE GOVERNANCE eJOURNAL
"From an Extractive to a Non-Extractive Economy: Disentangling the Building Blocks of Non-Extractive Economic Practices"
University of Oslo Faculty of Law Research Paper No. 2022-39 International and Comparative Corporate Law Journal, Volume 15, 2022, Issue 2, p. 13-34
KINANYA PIJL, University of Amsterdam Email: k.c.i.pijl@uva.nl
The paradigm of contemporary business is extractive: oriented towards extracting ever more unpaid energy, resources, money, personal data, labour, health and well-being from people and from places. Extractivism reduces life into objects for the use of others as a source of profit, giving them no integrity or value of their own, turning living complex ecosystems into “natural resources”. Collectively, these dynamics expel people from economies and societies. The climate crisis, equity crisis and crisis of the natural world challenge the validity of the supposed “proper way of running an economy” that underlies the extractive capitalism in which – one way or another – we are all collectively trapped. But what should extractive capitalism be replaced with? We use the concept of non-extractiveness to capture the essence of a just economy, consisting of economic practices that are distributive and (re)generative by design – rather than depleting – of the very resources they depend on. A multitude of entrepreneurs around the world, such as Buurtzorg and Triodos Bank, are already experimenting with economic practices and organizational designs that serve to positively contribute to social, environmental and cultural change. In effect, they are experimenting with practical ways to reimagine extractive capitalism so that it works for all the members of society and our planet. This paper builds on the premise that these organisations may hold the key to deep societal transformation towards a non-extractive economy. This paper articulates the various ways in which organisations can be designed for non-extractiveness, focusing on the organisation’s purpose, revenue model, legal structure, internal distribution of benefits, internal distribution of decision-making power, culture, and environmental and societal impacts. A deep understanding of the various ways these organisations can be non-extractive can inspire lawyers to ensure that law is designed in such a way as to facilitate people and planet thriving in balance.
"The Case of David vs. Goliath. On Legal Ethics and Corporate Lawyering in Large Scale Civil Liability Cases"
IRIS VAN DOMSELAAR, Amsterdam Law School, University of Amsterdam Email: domselaar@jur.uva.nl RUTH DE BOCK, University of Amsterdam Email: rdebock@hetnet.nl
Large corporations contribute to wealth and make an important contribution to economies. At the same time, their business operations and products form a serious threat to the rights of large groups of citizens, be it their right to health, to housing, a minimum wage, occupational safety, privacy, environment, to financial stability or to equality and non-discrimination.
One of the classic avenues that victims can use in holding a corporation to account and to obtain redress for the harms they have suffered is civil litigation. For instance, in the past decades such attempts have been famously pursued against corporations in the tobacco industry, the pharmaceutic industry, the asbestos industry or industries working with asbestos and, more recently, the extractive industries.
However, it is highly difficult for victims whose rights have been violated by corporations to obtain effective redress in a civil procedure. Victims of corporate wrong
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