The Duty of Care and the Business Judgment Rule standard in American law and the Buen Hombre de Negocios standard in Uruguayan law

Authors

DOI:

https://doi.org/10.47274/DERUM/43.3

Keywords:

Duty of Care, Business Judgment Rule, Standard good businessman, Liability of company directors

Abstract

This article proposes to analyze the regulation and application of the Duty of Care and the Business Judgment Rule in American Law in order to compare it with the   Buen Hombre de Negocios standard in Uruguay. Also to discuss the applicability of American law criteria in Uruguayan law in the light of the draft reform of the Commercial Companies Act, and finally to propose a sort of "two-step test" at the court level for the review of the liability of company directors. The article will also study the divergences between the regime of judicial review and the conduct of company directors.

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References

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Published

2023-07-03

How to Cite

Guertein Babic, I. (2023). The Duty of Care and the Business Judgment Rule standard in American law and the Buen Hombre de Negocios standard in Uruguayan law. Revista De Derecho, 22(43), 41‑54. https://doi.org/10.47274/DERUM/43.3

Issue

Section

Doctrine