The guarantee function of the capital in the light of corporate governance rules Cover Image
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Гаранционната функция на капитала в светлината доброто корпоративно управление
The guarantee function of the capital in the light of corporate governance rules

Author(s): Atanas Petrov
Subject(s): Law, Constitution, Jurisprudence, Civil Law, Law on Economics
Published by: Институт за държавата и правото - Българска академия на науките
Keywords: capital; guarantee function; shareholder; Corporate governance; joint stock company; conflict of interest

Summary/Abstract: In corporate law the term capital is related to a specific category of companies, defined by the Commercial act as capital companies. Its nature and meaning have been widely examined in the doctrine; nevertheless, there are debatable issues, which continue to attract interest. Such is the the guarantee function of the capital – its existence, significance and scope. After the examination and clarification of the term capital and its significance, the article examines its guarantee function in the light of the Corporate governance rules by stating arguments supporting the broadening of its scope beyond the creditors of the company.

  • Issue Year: LVIII/2017
  • Issue No: 2
  • Page Range: 122-142
  • Page Count: 21
  • Language: Bulgarian
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