The derivative action in Asia - a complex reality: Part 2

It is readily apparent that the theories of Asian cultural nonlitigiousness, common law superiority, the economically motivated and rational shareholder, and corporate law convergence terribly miss the mark. However, this does not mean that culture, legal origins, economic rationality, and convergence are irrelevant. To the contrary, they are all important - but not uniformly, not exclusively, and not in an 'Asian' sense.