In most common law legal systems where two or more persons are liable in respect of the same offence, they may either be jointly liable or severally liable. If parties have joint liability, then they are each liable up to the full amount of the relevant obligation. So for instance…
A limitation of liability clause is a provision in a contract that limits the amount of exposure a company faces incase a lawsuit is filed or another claim is made. Such a clause can “cap” the amount of potential damages to which a company is exposed. Limitation of liability clauses…
Edwin Sutherland is the pioneer of the study of white-collar crimes. The introduction and development of the concept of white-collar crime did not occur in a vacuum. Indeed, prior academic work and societal changes influenced Sutherland’s scholarship, and his scholarship, in turn, has had an enormous influence on criminology and…
The term Subaltern as an allusion to the works of Antonio Gramsci, a renowned Marxist who is more popularly known for his Prison Notebooks, refers to any person or group of inferior rank whether because of race, class, gender, sexual orientation, ethnicity or religion. Gramsci used the term to question…
Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders. It also involves the structure through which objectives of the company are set, the means of attaining those objectives and monitoring performance are determined. Corporations pool capital from a large investor base…
