This paper applies the economic theories of fiscal federalism and jurisdictional competition to the question whether the juridical presumption favoring decentralization of authority manifested in the European Union's subsidiarity principle has been rebutted in the case the Code of Conduct on...

This Symposium marks the fortieth anniversary of the enactment of the 1978 Bankruptcy Code (the “1978 Code” or the “Code”) with an extended look at seismic changes that currently are reshaping Chapter 11 reorganization. Today's typical Chapter 11 case looks radically different than did...

Litigants and commentators have been mooting an expansive reading of Delaware's fiduciary duty of good faith. The Delaware Supreme Court recently made its most emphatic negative response to this proposition to date in Lyondell Chemical Company v. Ryan, a merger case. Lyondell simultaneously...

This essay views The Modern Corporation and Private Property from the perspective of its junior coauthor, Gardiner Means. Means generated the book's statistical showings of deepening corporate concentration and widening separation of ownership and control, studies also included in a Ph.D....

This Article reconsiders Margaret Blair and Lynn Stout’s team production model of corporate law, offering a favorable evaluation. The model explains both the legal corporate entity and corporate governance institutions in microeconomic terms as the means to the end of encouraging investment,...