Modernizing Colombian Corporate Law: The Judicial Transpalant of the Business Judgment Rule

Author:Sebastián Boada Morales
Position:Superintendence of Companies

The business judgment rule (“Rule”) is one of the most widely discussed legal doctrines on US Corporate Governance Law. Various jurisdictions outside of the US have adopted some version of the Rule. Recently, a specialized corporate law court in Colombia transplanted the Rule to such jurisdiction. The adoption process constitutes an example of functional convergence of corporate law, an instance of... (see full summary)

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