the doctrine of piercing the corporate veil fascilitated holding directors liable for corporate debt. nevertheless, the doctrine is not a seperate cause of action. directors are bound by fiduciary duty, duty of loyalty and duty of care and skill to the corporation and its shareholders. however, there is not such a contractual relationship between directors and creditors. thus, requiring directo...

in this paper, we focus on the new draft article 479 of the commercial code concerning single-member company and reviewed the legal perspectives of this matter. the reasoning, advantages and disadvantages, and necessary safeguards of this institution are investigated and through a comparative study the most important rules of acceptance of this type of company is reviewed. the terminology , amb...

The conventional justification for a statute of limitations on tort suits (or any other legal claim) is that evidence deteriorates over time, thereby increasing the likelihood of legal error. The optimal statute balances this cost of a longer statute length against the dilution in deterrence that results from a shorter length. In this paper I develop a formal model to show that a finite statute...

The conventional justification for a statute of limitations on tort suits (or any other legal claim) is that evidence deteriorates over time, thereby increasing the likelihood of legal error. The optimal statute balances this cost of a longer statute length against the dilution in deterrence that results from a shorter length. In this paper I develop a formal model to show that a finite statute...

S | 147 A Relevant Intent Theory of Patents Saurabh Vishnubhakat Postdoctoral Associate, Duke University School of Law Durham, NC This article challenges the axiom of U.S. patent law that direct patent infringement is a strict liability tort. Even among critics of the strict liability conception in certain patent contexts, the consensus view of direct infringement remains that impermissibly pra...

strict liability is the result of philosophical ideas of lawyers in front of developments in human knowledge and complexity of social relationships. strict liability the main aim is facilitation of victim's compensation, so the proof of fault is not necessary and causation is sufficient. this type of liability is justified by various foundations of economics, society and morality. in the b...

economic analysis of law is a new approach in law that emerged in the early 1960's and its main purpose is managing the rules of the legal system in a way to achieve economic efficiency. this approach has been influential in all the areas of law including the law of civil liability and follows to set up the compensation system based on some principles to minimize the costs resulting from damage...