Key Developments in Corporate Law and Trusts Law

"Key Developments in Corporate Law and Trusts Law: Essays in Honour of Professor Harold Ford" is a collection of essays edited by Professor Ian Ramsay. The book is a tribute to the scholarship and contributions of Professor Harold Ford, a renowned expert in corporate law and trusts law. Here is a comprehensive overview of the book:

Key Themes

1. International Perspectives on Corporate Law and Governance:

   • The book begins with an introduction by Ian Ramsay, setting the stage for the essays that follow. It explores international perspectives on corporate law and governance, highlighting the global nature of corporate governance practices and their implications.

2. Comparative Corporate Governance:

   • Professor Brian Cheffins contributes an essay on comparative corporate governance, focusing on the Australian experience. This chapter provides a detailed comparison of corporate governance practices in different jurisdictions, shedding light on the unique aspects of Australian corporate law.

3. Globalization and Financial Architecture:

   • Professor John Farrar discusses the impact of globalization on the new financial architecture and effective corporate governance. This chapter delves into how global financial systems influence corporate governance structures and practices.

4. Institutional Investors and Governance:

   • Ian Ramsay and Associate Professor Geof Stapledon examine the role of institutional investors in corporate governance. They analyze how institutional investors shape corporate governance practices within the new international financial architecture.

5. Shareholders as Principals:

   • Professor Deborah DeMott explores the concept of shareholders as principals, discussing their roles and responsibilities in corporate governance. This chapter provides insights into the legal principles governing shareholder behavior.

Key Issues in Corporate Law

1. Corporate Governance Practices and Legal Principles:

   • Justice Alex Chernov discusses the role of corporate governance practices in the development of legal principles related to directors. This chapter highlights how corporate governance practices influence legal decisions regarding directors' duties.

2. Directors' Duty of Care and Business Judgment Rule:

   • Professor Robert Baxt examines the directors' duty of care and the new business judgment rule in the 21st century environment. This chapter provides a detailed analysis of the evolving standards for directors' conduct.

3. Voluntary Administrators as Fiduciaries:

   • Justice Robert Austin and Robert Brown explore the role of voluntary administrators as fiduciaries. This chapter delves into the legal responsibilities and obligations of voluntary administrators in corporate insolvency.

Key Issues in Trusts Law and Equity

1. Commercial Applications of the Trust:

   • Professor Michael Bryan reflects on some commercial applications of the trust. This chapter examines how the trust concept is used in various commercial contexts, highlighting its versatility and utility.

2. Responsible Entity as Trustee:

   • Pamela Hanrahan discusses the responsible entity as trustee, focusing on the legal and practical implications of this role. This chapter provides insights into the responsibilities and obligations of responsible entities in trust management.

3. Equitable Compensation as a Remedy:

   • Professor Elizabeth Boros explores equitable compensation as a remedy for diversion of opportunity. This chapter examines the legal principles governing equitable compensation and its application in trust disputes.

Critical Reception

The book has been well-received by scholars and practitioners in the field of corporate law and trusts law. It is considered a significant contribution to the literature, providing comprehensive and insightful analyses of key developments in these areas. The collection of essays by leading experts in the field makes it a valuable resource for both academic research and practical application.

Publication Details

• Title: Key Developments in Corporate Law and Trusts Law: Essays in Honour of Professor Harold Ford
• Editor: Ian M. Ramsay
• Publisher: LexisNexis Butterworths
• Publication Year: 2002
• ISBN: 0409319562

Overall, "Key Developments in Corporate Law and Trusts Law" is a seminal work that offers a comprehensive understanding of the latest trends and developments in corporate law and trusts law. It is a testament to Professor Harold Ford's enduring influence on the field and provides valuable insights for scholars, practitioners, and policymakers alike.