The countries of South European Europe are engaged in serious efforts to develop new company laws. However, they still seem to lag behind leading states in company law such as Delaware in the USA and Germany in the European Union. At the same time, with regard to the principles of fiduciary duties, the company laws of these countries are much in line with the law of Delaware, especially due to the heavy impact that American technical assistance has had and continues to have on the drafting of those laws.
European Company Law