WebIntroduction. When the Supreme Court held in Jesner v.Arab Bank, PLC that foreign corporations cannot be held liable under the Alien Tort Statute (ATS), Justice Kennedy … Web06. okt 1997. · The act prohibits a corporation from indemnifying an officer for liability (1) in connection with a derivative proceeding other than for reasonable expenses and (2) for conduct that (a) results in his receiving financial benefits that he is not entitled to, (b) intentionally harms the corporation or its shareholders, or (c) involves an ...
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