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Front Matter

Source: The American Journal of Comparative Law, Vol. 59, No. 1 (WINTER 2011)
Published by: Oxford University Press
Stable URL: https://www.jstor.org/stable/25766179
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VOLUME 59 NUMBER 1
WINTER 2011

(ISSN 0002-919x)

The American Journa

COMPARAT
LAW Editor-in-Chief:
Mathias W. Reimann
Published by The American Society of Comparative Law

Comparative Corporate Governance: The State of the


Art and International Regulation Hopt

"Nothing But Wind"? The Past and Future of


Comparative Corporate Governance Clarke

Common Law Inheritance Daniels et al

Informal-Sector Entrepreneurs,
Development And Formal Law Dickerson

Economically Benevolent Dictators Gilson & Mil

Book Review Milman-Sivan

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Editor-in-Chief: Mathias W. Reimann
Book Review Editors: Hannah L. Buxbaum and Paul R. Dubinsky
Executive Editorial Board: George A. Bermann, Hannah L. Buxbaum, Nora V. Demleitner,
Paul R. Dubinsky, David J. Gerber, Tom Ginsburg, James R. Gordley, Maximo Langer,
Ralf Michaels, and Teemu Ruskola
Production Manager: Annette Gregory
BOARD OF EDITORS
Ron Krotoszynski, Jr. Christian N. Okeke Kim Lane Scheppele
University of Alabama, School of Law Golden Gate University School of Law Princeton University Program on
David V. Snyder Mary Ann Glendon Law and Public Affairs
American University Harvard Law School Luis Muniz-Arguelles
Washington College of Law Alison W. Connor University of Puerto Rico School of Law
Ann Maria Merico-Stephens University of Hawaii Edward J. Eberle
University of Arizona College of Law William S. Richardson School of Law Roger Williams University School of Law
Dale Beck Furnish Jan Kleinheisterkamp George Ginsburgs
Arizona State University College of Law HEC School of Management Rutgers, the State University of New Jersey
Sarah H. Jenkins Nora Demleitner School of Law, Camden
University of Arkansas at Little Rock Hofstra University School of Law Henry M. Ordower
Bowen School of Law Antonio Gidi St. Louis University School of Law
Mortimer Sellers University of Houston Law Center Roberto Rosas
University of Baltimore School of Law Jacquiline E. Ross St. Mary's University
Vlad Perju University of Illinois College of Law Laurence P. Claus
Boston College Law School Hannah L. Buxbaum University of San Diego School of Law
Daniela Caruso Indiana University at Bloomington Tracy A. Kaye
Boston University School of Law School of Law Seton Hall University School of Law
Stephen G. Wood James R Nehf Gary F. Bell
Brett Scharffs Indiana University at Indianapolis National University of Singapore
Brigham Young University School of Law Faculty of Law
J. Reuben Clark Law School Adrien Wing Joel Samuels
Claire R. Kelly University of Iowa College of Law University of South Carolina
Brooklyn Law School Richard E. Levy Peter Winship
Clifford Larson University of Kansas School of Law Southern Methodist University
Bucerius Law School Jonathan Cardi School of Law
Richard Buxbaum Kentucky College of Law Jonathan M. Miller
University of California at Berkeley Alain A. Levasseur Southwestern University School of Law
School of Law (Boalt Hall) Louisiana State University Law Center Amalia D. Kessler
Andrea K. Bjorklund Simona Grossi Stanford University School of Law
University of California, Loyola Law School of Los Angeles Luz E. Nagle-Ortiz
Davis School of Law David W. Gruning Stetson University College of Law
Chimene Keitner Miguel Schor
Loyola University School of Law,
University of California New Orleans Suffolk University Law School
Hastings College of the Law J. Gordon Hylton Lukas Hekendorn Urscheler
Maximo Langer Marquette University Law School Swiss Institute of Comparative Law
University of California, Los Angeles Peter E. Herzog
School of Law Peter E. Quint
University of Maryland School of Law Syracuse University College of Law
John E. Noyes
Fabien Gelinas Salil K. Mehra
California Western School of Law
McGill University, Temple University School of Law
William J. Wagner
Institute of Comparative Law Hans W. Baade
Catholic University of America Keith S. Rosenn
Columbus School of Law University of Texas School of Law
Thomas Ginsburg University of Miami School of Law James Paul George
Mathias Reimann Texas Wesleyan University School of Law
University of Chicago Law School
David J. Gerber University of Michigan Law School Luisa Antoniolli
Francisco Parisi Universita di Trento
Chicago-Kent College of Law, ITT
William T. Pizzi University of Minnesota Law School Facolta di Giurisprudenza
Christoph Henkel A. N. Yiannopoulos
University of Colorado School of Law
Mississippi College School of Law Tulane University School of Law
Curtis J. Milhaupt
Ilhyung Lee Barbara Bucholtz
Columbia University School of Law
The Parker School University of Missouri-Columbia University ofTulsa College of Law
Peter L. Lindseth School of Law Richard T. Sttth III
Colin B. Picker Valparaiso University School of Law
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Annelise Riles University of Missouri-Kansas City Chaim Saiman
Cornell Law School Jayanth K. Krishnan Villanova University School of Law
Ved P. Nanda William Mitchell College of Law Russell A. Miller
Christopher L. Blakesley Washington & Lee University
University of Denver College of Law
Brian F. Havel University of Nevada, Las Vegas, School of Law
School of Law Clark Lombardi
DePaul University College of Law Ruti G. Teitel University of Washington School of Law
Howard B. Abrams New York Law School Leila Nadya Sadat
University of Detroit Andreas F. Lowenfeld
Mercy School of Law Washington University School of Law
New York University School of Law Julia Ya Qin
Ralf Michaels
Paolo G. Carozza Wayne State University Law School
Duke University School of Law Notre Dame Law School
Peter Hay Peter W. Schroth
Phyllis Bernard Western New England College
Emory University School of Law
Matthew C. Mirow Oklahoma City University School of Law School of Law
Peter B. Kutner David Weikowitz
Florida International University Whittier Law School
College of Law University of Oklahoma Law Center
Berta Hernandez Franklin Gevurtz David S. Clark
University of Florida College of Law University of the Pacific, Willamette University College of Law
Roger J. Goebel McGeorge School of Law Kathryn Hendley
William B. Ewald University of Wisconsin Law School,
Fordham University School of Law
University of Pennsylvania Law School East Asian Legal Studies Center
James V. Feinerman
Louis F. Del Duca Mirjan Damaska
Georgetown University Law Center Yale Law School
Karen B. Brown Pennsylvania State University
Dickinson School of Law Malvina Halberstam
George Washington University
National Law Center Jack J. Coe, Jr. Yeshiva University, Benjamin N. Cardozo
Pepperdine University School of Law School of Law
Ronald A. Brand
University of Pittsburgh School of Law

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DIRECTORS
Kenneth M. Rosen Alison W. Conner Kim Lane Scheppele
University of Alabama, School of Law University of Hawaii, Richardson Princeton University Program on Law
Fernanda Nicola School of Law and Public Affairs
American University, Washington Karim Medjad Luis Muniz-Argiielles
College of Law HEC School of Management University of Puerto Rico
Boris Kozolchyk Nora V. Demleitner School of Law
University of Arizona Hofstra University School of Law Louise E. Teitz
College of Law Stephen Zamora Roger Williams University
Dennis S. Karjala University of Houston Law Center School of Law
Arizona State University Peter B. Maggs Richard Hyland
College of Law University of Illinois College of Law Rutgers, State University of New
Kenneth S. Gallant Craig M. Bradley Jersey School of Law, Camden
University of Arkansas Indiana University at Bloomington Stephen C. Thaman
at Little Rock Bowen School of Law School of Law St. Louis University School of Law
James Maxeiner Frank Emmert Robert William Piatt, Jr.
University of Baltimore School of Law Indiana University at Indianapolis St. Mary's University School of Law
Thomas C. Kohler School of Law Joseph J. Darby
Boston College Law School John C. Reitz University of San Diego School of Law
Anna di Robilant University of Iowa College of Law Elizabeth F. Defeis
Boston University School of Law Michael H. Hoeflich Seton Hall University School of Law
W. Cole Durham Jr. University of Kansas School of Law Tan, Yock Lin
Brigham Young University, Scott Baurles National University of Singapore
J. Reuben Clark Law School University of Kentucky College of Law Faculty of Law
Arthur R. Pinto Andrea Carroll Joel Samuels
Brooklyn Law School Louisiana State University Law Center University of South Carolina
Karsten Schmidt Simona Grossi Peter Winship
Bucerius Law School Loyola Law School, Los Angeles Southern Methodist University
Richard Buxbaum Bernard Keith Vetter School of Law
University of California at Berkeley Loyola University School of Law, Mark E. Cammack
School of Law New Orleans Southwestern University
Afra Afsharipour Alan R. Madry School of Law
University of California at Davis Marquette University Law School Amalia D. Kessler
School of Law Shruti Rana Stanford University School of Law
Ugo A. Mattei University of Maryland School of Law Peter L. Fitzgerald
University of California Hastings Stephen C. McCaffrey Stetson University College of Law
College of the Law McGeorge School of Law, Bernard M. Ortwein
Stephen A. Gardbaum University of the Pacific Suffolk University Law School
University of California at Los Angeles H. Patrick Glenn Christiana Schmid
School of Law McGill University, Institute of Swiss Institute of Comparative Law
William Aceves Comparative Law Hilary K. Josephs
California Western School of Law Keith S. Rosenn Syracuse University College of Law
Rett R. Ludwikowski University of Miami School of Law Salil K. Mehra
Catholic University of America Daniel H. Halberstam Temple University School of Law
Columbus School of Law University of Michigan Law School Jens C. Dammann
Thomas Ginsburg Fred L. Morrison University of Texas School of Law
University of Chicago Law School University of Minnesota Law School James Paul George
David J. Gerber Wulf Kaal Texas Wesleyan University
Chicago-Kent College of Law, IIT Mississippi College School of Law
Courtland H. Peterson School of Law Roberto Toniatti
University of Colorado School of Law William B. Fisch Universita di Trento Facolta di
George A. Bermann University of Missouri-Columbia Giurisprudenza
Columbia University School of Law, School of Law Vernon V. Palmer
Parker School Tulane University School of Law
Jeffrey E. Thomas
Richard S. Kay University of Missouri-Kansas City Barbara Bucholtz
University of Connecticut School of Law University ofTulsa College of Law
School of Law Kenneth L. Port D.A. Jeremy Telman
Mitchel Lasser William Mitchell College of Law Valparaiso University School of Law
Cornell Law School Rachel Anderson Chaim S aim an
Ved P. Nanda University of Nevada, Las Vegas, Villanova University School of Law
University of Denver College of Law School of Law Timothy S. Jost
Brian F. Havel Lung-Chu Chen Washington & Lee University
DePaul University College of Law New York Law School School of Law
Bret Boyce Frank K. Upham Jonathan Eddy
University of Detroit Mercy New York University School of Law University of Washington
School of Law Paola Carozza School of Law
Donald L. Horowitz Notre Dame Law School Frances H. Foster
Duke University School of Law Carla Spivack Washington University School of Law
Teemu Ruskola Oklahoma City University William Burnham
Emory University School of Law School of Law Wayne State University Law School
Matthew C. Mirow Peter Krug Sudha Setty
Florida International University University of Oklahoma Law Center Western New England College
College of Law Stephen McCaffrey School of Law
Pedro Malavet University of the Pacific, Seval Yildirim
University of Florida College of Law McGeorge School of Law Whittier Law School
Joel R. Reidenberg Jacques deLisle James A.R. Nafziger
Fordham University School of Law University of Pennsylvania Law School Willamette University College of Law
Charles H. Gustafson horns F. Del Duca Alexandra Huneeus
Georgetown University Law Center Pennsylvania State University, University of Wisconsin Law School,
John A. Spanogle Dickinson School of Law East Asian Legal Studies Center
George Washington University, Donald Childress James Q. Whitman
National Law Center Pepperdine University School of Law Yale Law School
Christian N. Okeke Vivian Grosswald Curran Michel Rosenfeld
Golden Gate University School of Law University of Pittsburgh School of Law Yeshiva University, Benjamin N.
Mark J. Ramseyer Cardozo School of Law
Harvard University Law School

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The American Journal of Comparative Law (ISSN 0002-919x)
Published quarterly by The American Society of Comparative Law, Inc. Editorial offices:
Law School, University of Michigan, Ann Arbor, Michigan 48109. Subscription $79.00
per year (domestic), $82.00 (foreign). Members of the American Society of Comparative
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? 2011 by The American Society of Comparative Law, Inc.
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The American Journal of
COMPARATIVE LAW
VOLUME LLX WINTER 2011 NUMBER 1

CONTENTS

ARTICLES
Comparative Corporate Governance:
The State of the Art and International
Regulation Klaus J. Hopt
"Nothing But Wind"? The Past and
Future of Comparative Corporate
Governance Donald C. Clarke 75

The Legacy of Empire: The Common


Law Inheritance and Commitments
to Legality in Former British
Colonies Ronald J. Daniels, 111
Michael J. Trebilcock,
and Lindsey D. Carson
Informal-Sector Entrepreneurs,
Development and Formal Law:
A Functional Understanding
of Business Law Claire Moore Dickerson 179

Economically Benevolent Dictators:


Lessons for Developing Democracies Ronald J. Gilson 227
& Curtis J. Milhaupt

BOOK REVIEW

Arturo Bronstein, International and


Comparative Labour Law: Current
Challenges Faina Milman-Sivan 289
BOOKS RECEIVED 301

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iv

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74 THE AMERICAN JOURNAL OF COMPARATIVE LAW [Vol. 59

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