Legal Treatment of Foreign Investment The World Bank Guidelines

Corporation law dates from the 19th century when the growth of business enterprise required a division between the private & the company sphere, making the company a legal person with its own rights, responsibilities & liabilities. The company was no longer the legal equivalent of its owner but became a separate legal entity, providing a form of legal protection for the owners, employees & the customers. The introduction of company law meant a great step forward for those engaged in big business in Europe, the U.S. & elsewhere.Shihata, Ibrahim F. I. is the author of 'Legal Treatment of Foreign Investment The World Bank Guidelines' with ISBN 9780792325253 and ISBN 0792325257.