Advertisement

A Comparative Study of Funding Shareholder Litigation

  • Wenjing Chen

Table of contents

  1. Front Matter
    Pages i-xvii
  2. Wenjing Chen
    Pages 1-13
  3. Wenjing Chen
    Pages 15-66
  4. Wenjing Chen
    Pages 227-240
  5. Back Matter
    Pages 241-264

About this book

Introduction

This book studies the funding problems with shareholder litigation through a functionally comparative way. In fact, funding problems with shareholder lawsuits may largely discourage potential shareholder litigants who bear high financial risk in pursuing such a claim, but on the other hand they may not have much to gain. Considering the lack of incentives for potential shareholder claimants, effective funding techniques should be in place to make shareholder actions function as a corporate governance tool and discipline corporate management. The book analyzes, among others, the practice of funding shareholder litigation in the Australia, Canada, the UK, the US and Israel, and covers all of the typical approaches being used in financing shareholder litigation in the current world. For instance, Israel and Canada (Quebec and Ontario) are probably unique in having a public funding mechanism for derivative actions and class actions, while Australia is the country where third party litigation funding is originated and is growing rapidly. Based on this comparative research, the last part of this book discusses how to fund shareholder litigation in China in context of its social and legal background and what kind of problems need to be solved if certain funding techniques is used.

Keywords

shareholder litigation funding problems corporate governance third party litigation funding lawyers’ funding company’s funding public funding shareholder protection private enforcement state owned enterprises

Authors and affiliations

  • Wenjing Chen
    • 1
  1. 1.East China University of Political Science and Law (ECUPL)ShanghaiChina

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-10-3623-1
  • Copyright Information Springer Nature Singapore Pte Ltd. 2017
  • Publisher Name Springer, Singapore
  • eBook Packages Law and Criminology
  • Print ISBN 978-981-10-3622-4
  • Online ISBN 978-981-10-3623-1
  • Buy this book on publisher's site