A Social History of Company Law by Rob McQueen

By Rob McQueen

The historical past of incorporations laws and its management is in detail tied to adjustments in social ideals in recognize to the function and goal of the company. through learning the evolution of the company shape in Britain and a couple of its colonial possessions, the e-book illuminates debates on key thoughts together with the meanings of laissez faire, freedom of trade, the concept of company accountability and the function of the country within the law of commercial. In doing so, the ebook advances our figuring out of the form, effectiveness and deficiencies of contemporary regulatory regimes.

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The company wish it expressly to be understood, that they do not intend to become fishermen themselves, but to give an additional stimulus to industry, by employing all those disposed to work. 15. Nevertheless certain headway was made during the early nineteenth century. The possibilities held out by the extension of state sanctioned incorporation to a broad array of enterprises appealed to many. This was because of its potential to re-invigorate the English commercial sector by undermining privilege and reactivating genuine competitiveness.

Conversely, if those in business did not regard an enterprise as a legitimately constituted corporation then it would not be treated as such. The importance of commercial attitudes in the acceptance and legitimacy of an enterprise as a corporation has also been remarked upon by Ireland and his collaborators. Ireland notes the lack of correspondence, in the discourse of early Victorians, between the economic and legal characteristics of business entities. No matter what the ‘legal’ characterization of a business association, it was only regarded as a ‘company’ if it displayed certain specific ‘economic’ characteristics: For most of the 18th and 19th centuries ...

18 A Social History of Company Law than an initiative made in spite of previous English experience. The existence of the Bubble Act, which encouraged informal solutions to the problems of capital raising, meant that the English, when they finally did legislate for companies, followed a unique path. Much of that path had, however, been already traversed in the development and refinement of the deed of settlement ‘company’. In addition to examining the role of the Bubble Act in the singular development of English company law the chapter will also examine the change occurring at this time with respect to what was meant by the concept of the ‘company’.

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