Harvard Business Law Review (HBLR)

The Harvard Business Law Review (HBLR) aims to be the premier journal covering the laws of business organization and capital markets. HBLR will publish articles from professors, practitioners, and policymakers on corporate law and governance, securities and capital markets law, financial regulation and financial institutions, law and finance, financial distress and bankruptcy, and related subjects.

Corporate Governance

What is the Practical Importance of Default Rules under Delaware LLC and LP Law?

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Download PDF Mohsen Manesh* Despite much academic debate, it is now well settled that in Delaware at least, corporate law differs from unincorporated alternative entity law in one fundamental respect. Under Delaware corporate law, fiduciary duties are mandatory. These … [Read more...] about What is the Practical Importance of Default Rules under Delaware LLC and LP Law?

Dodd-Frank, Compensation Ratios, and the Expanding Role of Shareholders in the Governance Process

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Download PDF J. Robert Brown, Jr.* I. Introduction Congress, in adopting the Dodd-Frank Act,[1] sought to correct some of the abuses believed to have contributed to the financial crisis of 2008-2009.  Executive compensation was one of them.  Formulas used to determine … [Read more...] about Dodd-Frank, Compensation Ratios, and the Expanding Role of Shareholders in the Governance Process