Land of the rising derivative action: Revisiting irrationality to understand Japan’s unreluctant shareholder litigant
It was not long ago that there was a consensus in the legal academy that the Japanese were irrational litigants. As the theory went, Japanese people would forgo litigating for financial gain because of their cultural obsession for maintaining social harmony. Based on this theory, it made perfect (bu...
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Institutional Knowledge at Singapore Management University
2012
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