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In ihrer rechtsvergleichend angelegten Arbeit untersucht die Verfasserin den Minderheitenschutz der Aktiengesellschaft in Vietnam, Thailand und Malaysia sowohl auf der Ebene der gesetzlichen Regelungen als auch auf der Ebene ihrer tatsächlichen Wirkung. Ziel ist es, einen Einblick in die tatsächliche Funktionsweise des Unternehmens- und Gesellschaftsrechts zu ermöglichen. Gestützt auf die Ergebnisse ihrer Feldforschung zeigt die Autorin, dass sich die Rechtsregelungen in den drei Jurisdiktionen auf dem Papier zwar denjenigen der USA annähern, zwischen dem "law in the books" und dem "law in action" jedoch ein erheblicher Unterschied besteht, dessen Ausmaß vom jeweiligen lokalen Kontext bestimmt wird.

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A. Theoretical and Methodological Framework

Introduction - Definition of Terms - Methodological Approach - The Conflict Between Majority and Minority Shareholders - The Legal Protection of Minority Shareholders - The Factual Protection of Minority Shareholders - Empirical Research

B. The Legal Protection of Minority Shareholders in Vietnam, Thailand and Malaysia

Sources of Law - A Comparative Legal Analysis - Conclusions

C. The Factual Protection of Minority Shareholders in Vietnam, Thailand and Malaysia
Vietnam - Thailand - Malaysia

D. Summary and Conclusions

The Case of Thailand - The Case of Malaysia - The Case of Vietnam - General Conclusions: Monitoring as a Public Good

Appendices

Bibliography

Subject Index

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In her comparative analysis of the protection of minority shareholders in Vietnam, Thailand and Malaysia, the author first compares the law-on-the-books, then evaluates which informal rules and enforcement characteristics determine the protection of minority shareholders in each country, and finally compares these factors and their impact. The analysis of the formal rules aiming to protect minority shareholders in the three countries shows that a conversion towards the Anglo-American concept of corporate law is taking place. However, in all three jurisdictions, there is a gap between the "law in the books" and the "law in action" although the degree of this gap depends on the local context. Although the local context is very different in the three countries for various reasons, the legal devices to protect minority shareholders face similar problems in all three jurisdictions. In sum, monitoring of corporations - and thus the protection of minority shareholders - remains a public good. Due to the lack of control by a fully developed capital market, public enforcement remains a key issue. The author therefore concludes that in all three countries, further improvement of corporate governance requires reforms of public governance.

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A. Theoretical and Methodological Framework

Introduction - Definition of Terms - Methodological Approach - The Conflict Between Majority and Minority Shareholders - The Legal Protection of Minority Shareholders - The Factual Protection of Minority Shareholders - Empirical Research

B. The Legal Protection of Minority Shareholders in Vietnam, Thailand and Malaysia

Sources of Law - A Comparative Legal Analysis - Conclusions

C. The Factual Protection of Minority Shareholders in Vietnam, Thailand and Malaysia

Vietnam - Thailand - Malaysia

D. Summary and Conclusions

The Case of Thailand - The Case of Malaysia - The Case of Vietnam - General Conclusions: Monitoring as a Public Good

Appendices

Bibliography

Subject Index

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