Is Israel's public funding feasible to solve funding problems with shareholder derivative actions in China? Online publication date: Tue, 17-May-2016
by Wenjing Chen
International Journal of Private Law (IJPL), Vol. 8, No. 2, 2015
Abstract: In order to solve funding problems with shareholder derivative actions, funding provided by public authorities (public funding) is proposed to be applied. Israel is a country where such funding is used. This article studies the Israeli experience of public funding of derivative actions, and further examines its potential for China. Through the investigation of Chinese judicial system, social background (the 'inside system' theory, 'local protectionism', GDP worship) and deficiencies of potential regulatory authorities of public funding (lacks of independence), a negative conclusion is made but future potential for public funding in China still proves to be remained.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Private Law (IJPL):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com