- The boardroom bids farewell to one of its greatest generals0.87 MB
Who ultimately has the right to determine the future of a company in the face a takeover bid in American law – company directors or shareholders? Led by two great opponents, this argument has been fought in American courts over the last half century.
Joseph H. Flom passed away on 23 February 2011 at the age of 87. Although many South Africans will not recognise his name, he was one of the senior partners at the powerhouse American firm of Skadden, Arps, Slate, Meagher & Flom. He was named as one of the “lawyers of the century” in 1999 by The American Lawyer; was a graduate of Harvard Law School; a former editor of the Harvard Law Review; a dedicated humanitarian; and a generous philanthropist.
Written by Jared Nickig, Senior Associate at Werksmans Attorneys
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