CURRICULUM VITAE RICHARD M. BUXBAUM

CURRICULUM VITAE RICHARD M. BUXBAUM A.B., 1950, LL.B., 1952, Cornell University LL.M., 1953, University of California at Berkeley Dr. iur. h.c., 1992, Universität Osnabrück Dr. iur. and Professor h.c., 1993, Eötvös Lorand University, Budapest Professor h.c., 1998, Peking University Corporations, Capital Markets and Business in the Law Liber Amicorum Richard M. Buxbaum, (T. Baums, K. Hopt, & N. Horn, eds., Kluwer/London 2000) Jackson H. Ralston Professor of International Law, School of Law (Boalt Hall), University of California at Berkeley Specialization: International Economic Law, Corporation Law Dean, International and Area Studies, University of California at Berkeley (1993-1999) Director, University of California Center for German and European Studies and Chair, Center for Western European Studies, University of California at Berkeley (1990-93); Director, Earl Warren Legal Institute (1970-1974) and National Center on Financial Services, EWLI (1988-1990) Editor-in-Chief, The American Journal of Comparative Law; Contributing Editor, CEB California Business Law Reporter; La société anonyme suisse - Die schweizerische Aktiengesellschaft; Wirtschaft und Wettbewerb; The International Lawyer; Business and Politics Dean, LL.M. Program, American University of Armenia, Yerevan (1996-2000) Titular Member, International Academy of Comparative Law; Corresponding Member, Gesellschaft für Rechtsvergleichung [Comparative Law Association]; Member of the Advisory Council, Max-Planck-Gesellschaft für ausländisches und internationales Privatrecht [Society for Foreign and International Private Law] Federal Republic of Germany Member, Advisory Council and Visitors' Committee, Cornell Law School (1978-1984; Chair, 1980-1984); Member, Gründungskommission [Founding Commission], Bucerius Law School Member, Committee on Corporate Laws, American Bar Association, (1972-76); Committee on Takeovers and Corporate Governance, State Bar of California (1985-1990); State of California Senate Commission on Corporate Governance, Shareholders' Rights and Securities Regulation (1986-1998); American Law Institute (Advisor, ALI Corporate Governance Project) (1986-1994) Humboldt Prize for the Humanities and Social Sciences, 1992; Arthur-Burkhardt Prize, 2000 Großes Bundesverdienstkreuz (Order of Merit), Federal Republic of Germany, 1992; Officier,

Ordre des Arts et Lettres, France, 1996; Comendador, Ordem de Rio Branco, Brazil, 1998 Richard M. Buxbaum -- Bibliography Books, Monographs, and Pamphlets R. M. Buxbaum, G. Hertig, A. Hirsch, & K. J. Hopt (eds.), European Economic and Business Law (Berlin/New York 1996) T. Baums, R. M. Buxbaum, & K. J. Hopt (eds.), Institutional Investors and Corporate Governance (Berlin/New York 1994) R. M. Buxbaum, G. Hertig, A. Hirsch & K. J. Hopt (eds.), European Business Law (Berlin/New York 1991) R. M. Buxbaum & K. Hendley (eds.), The Soviet Sobranie of Laws (Berkeley 1991) (UC Berkeley International and Area Studies, Research Series, No. 78) R. M. Buxbaum & K. J. Hopt, Legal Harmonization and the Business Enterprise (Berlin/New York 1988) (Volume 4, European University Institute, Integration Through Law) R. M. Buxbaum, A Legal Perspective On Korean-United States Trade And Investment Relationships (Seoul 1987) T. M. Lubis & R. M. Buxbaum (eds.), Peranan Hukum Dalam Perekonomian Di Negara Berkembang (Jakarta 1986) R. W. Jennings & R. M. Buxbaum, Corporations -- Cases and Materials (5th ed., St. Paul 1979) (4th ed., Chicago 1968, with 1972 and 1975 Supplements, with N. D. Lattin) R. M. Buxbaum, Die Bedeutung der privaten Klage als Mittel zur Durchsetzung wirtschaftspolitischer Rechtsnormen (Karlsruhe 1972) Book Chapters and Articles Back to the Future? From Centros to the Überlagerungstheorie, in Festschrift für Otto Sandrock zum 70. Geburtstag 149 (K. Berger, W. Ebke, S. Elsing, B. Großfeld & G. Kühne, eds., Heidelberg 2000) [with Crawford and Singhof] ANeue Entwicklungen im Bereich der Forderungsabtretung zu

Sicherungszwecken in den Vereinigen Staaten von Amerika,@ in Die Forderungsabtretung, insbesondere zur Kreditsicherung, in ausländischen Rechtsordnungen 791 (W. Hadding & U. H. Schneider, eds., Berlin 1999) "Western Support of Law-Reform and Codification Efforts of the Countries of the Former Socialist Bloc as Seen from the United States' Viewpoint," in Systemtransformation in Mittel- und Osteuropa und ihre Folgen für Banken, Börsen und Kreditsicherheiten 53 (U. Drobnig et al., eds., Tübingen 1998) "Corporate Governance and Corporate Monitoring -- The Whys and Hows," Vol. 6, Australian Journal of Corporate Law 309 (1996) "Die Leitung von Gesellschaften -- Strukturelle Reformen im amerikanischen und deutschen Gesellschaftsrecht," in Corporate Governance 65 (D. Feddersen, P. Hommelhoff & U. H. Schneider, eds., Cologne 1996) AModernization, Codification, and Harmonization: The Influence of the Economic Law of the European Union on Law Reform in the Former Socialist Bloc,@ in R. M. Buxbaum, G. Hertig, A. Hirsch, & K. J. Hopt (eds.), European Economic and Business Law (Berlin/New York 1996) 125 "Die Rechtsvergleichung zwischen nationalem Staat und internationaler Wirtschaft," Vol. 60, Rabels Zeitschrift 201 (1996) "Responsibilities of Transnational Corporations to Host Nations," in Current Legal Issues in the Internationalization of Business Enterprises 48 (L. L. Heng et al., eds., Singapore 1996) "Is the Uniform Commercial Code a Code?," in Rechtsrealismus, multikulturelle Gesellschaft und Handelsrecht 197 (U. Drobnig & M. Rehbinder, eds., Berlin 1994) "Delaware Supreme Court Finds the State-of-Incorporation Version of the Internal Affairs Doctrine Embedded in the United States Constitution," Vol. 15, CEB California Business Law Rep. 173 (1994) "Is `Network' a Legal Concept?," Vol. 149, JITE -- Journal of Institutional and Theoretical Economics 698 (1994) "Comparative Aspects of Institutional Investment and Corporate Governance," in Institutional Investors and Corporate Governance 3 (T. Baums, R. M. Buxbaum & K. J. Hopt, eds., Berlin/New York 1994) "The New Anti-Corporate Bias in American Farm Law," Vol. 43, Zeitschrift für das gesamte Genossenschaftswesen 296 (1993)

"The Provenance of No-Par Stock: A Comparative History," in The Reception of Continental Ideas in the Common Law World 1820-1920 99 (M. Reimann, ed., Berlin 1993) "Rechtsvergleichung jenseits des Nationalstaats," in Ansprachen aus Anlaß der Ehrenpromotion von Prof. Dr. h.c. Richard M. Buxbaum 25 (Fachbereich Rechtswissenschaften der Universität Osnabrück, ed., Cologne 1993) "Defenses against takeover bids: United States Law," in Öffentliche Übernahmeangebote 55 (K. Kreuzer, ed., Baden-Baden 1992) "Comment" (to C. Kirchner, "Privatization Plans of Central and Eastern European States,") Vol. 148, JITE -- Journal of Institutional and Theoretical Economics 24 (1992) "Institutional Owners and Corporate Managers: A Comparative Perspective," Vol. 57, Brooklyn Law Rev. 1 (1991) (Fourth Abraham L. Pomerantz Lecture) [with Klaus Hopt] "Legal Harmonization and the Business Enterprise Revisited," in European Business Law 391 (R. M. Buxbaum, G. Hertig, A. Hirsch & K. J. Hopt, eds., Berlin/New York 1991) "The Duty of Care and the Business Judgment Rule in American Law -- Recent Developments and Current Problems," in Die Haftung der Leitungsorgane von Kapitalgesellschaften 79 (K. Kreuzer, ed., Baden-Baden 1991) "The Sobranie: A Postscript," in The Soviet Sobranie of Laws 211 (R. Buxbaum & K. Hendley, eds., Berkeley 1991) "The Two Functions and Four Bases of Modern Enterprise Legislation," in Questions of Civil Law Codification 17 (A. Harmathy and A. Németh, eds., Budapest 1990) "Commercial Law -- Single Shareholder Company," in U.S. Law in an Era of Democratization 251 (J. N. Hazard & W. J. Wagner, eds., Berkeley 1990) "Institutional Ownership and the Restructuring of Corporations," in Festschrift für Ernst Steindorff 7 (J. Baur, K. Hopt, & K. Mailänder, eds., Berlin 1990) "Recent Legislation Affecting California Corporations," Vol. 11, CEB Calif. Bus. Law Rep. 179 (1990) "Enforcement of United States Antitrust Laws During the Reagan Administration: Review and Prospects," Vol. 39, Wirtschaft und Wettbewerb 566 (1989) "Recent Legislation Affecting California Corporations," Vol. 10, CEB Calif. Bus. Law Rep. 143 (1989)

"The Effect of Foreign Moratorium Orders on Bank Loans and Certificates of Deposit: The Act of State Defense," in Prospects for International Lending and Reschedulings Ch. 27 (J. Norton, ed., New York 1988) "The Origins of the American 'Internal Affairs' Rule in the Corporate Conflict of Laws," Festschrift für Gerhard Kegel zum 75. Geburtstag 29 (H.-J. Musielak & K. Schurig, eds., Stuttgart 1987) "Legal Issues Concerning the Financial Aspects of Joint Ventures with Nonmarket Economy Firms," Vol. 2, ICSID Rev.-FILJ 66 (1987) "The Threatened Constitutionalization of the Internal Affairs Doctrine in Corporation Law," Vol. 75, California Law Rev. 29 (1987) "Juridification and Legitimation Problems in American Enterprise Law," Juridification of Social Spheres 241 (G. Teubner, ed., Berlin 1987) "Statutory Appraisal Is Exclusive Remedy for Shareholder Alleging Fraud and Breach of Fiduciary Duty by Principals of Merging Company," Vol. 8, CEB Calif. Bus. Law Rep. 239 (1987) "The Role of Public International Law in International Business Transactions," Public International Law and the Future World Order -- Liber Amicorum in Honor of A. J. Thomas, Jr. Ch. 16 (J. Norton, ed., Littleton, Colorado 1987) "Introduction" [Symposium on International Commercial Arbitration], Vol. 4, Int'l Tax & Bus. Law. 205 (1986). [with Craig Etlin] "Limited Partners' Liability for Impermissible Control Activity Under the Revised California Limited Partnership Statute," Vol. 16, Southwestern Law Rev. 535 (1986) "Wirtschaftsrecht in den Vereinigten Staaten von Amerika," in Theoretische Fragen des Wirtschaftsrechts 129 (G. Eörsi & T. Sarkozy, eds., Budapest 1986). "The Framework for Business Enterprise in the European Community," in European Economic Community: Trade and Investment II-1 (J.J. Norton, ed., New York 1986) "Enterprise Form and Economic Function: A View from the United States of America," in Vol. I, The Legal Structure of the Enterprise 23 (F. Madl, ed., Budapest 1986) [with James Crawford] "Wirksamkeitsvoraussetzungen für Forderungsabretungen, insbesondere zu Sicherungszwecken, in den Vereinigten Staaten von Amerika," in Die Forderungsabretung, insbesondere zur Kreditsicherung, in der Bundesrepublik Deutschland und in ausländischen Rechtsordnungen Vol. 335 (W. Hadding & U. Schneider, eds., Berlin 1986)

[with Craig Etlin] "Sec. 15637 of the Limited Partnership Act: Partnership Meetings," Vol. 9, Bus. Law News 28 (1986) "The Challenged Introduction of Nonvoting Common Stock to California," Vol. 7, CEB Calif. Bus. Law Rep. 222 (1986) "Federal Aspects of Corporate Law and Economic Theory," in Contract and Organisation: Legal Analysis in the Light of Economic and Social Theory 274 (T. Daintith & G. Teubner, eds., Berlin 1986) "Buy-Outs Under Corporations Code '2000: The Voluntary Dissolution Conundrum," Vol. 7, CEB Calif. Bus. Law Rep. 166 (1986) "The Internal Division of Powers in Corporate Governance," Vol. 73, California Law Rev. 1671 (1985) (reprinted in Vol. 13, Canada-United Law Journal 391 (1988)) "Appraisal of Shares for the Statutory Buy-Out of a Close Corporation in Dissolution," 7 CEB Calif. Bus. Law Rep. 92 (1985) [with Stefan A. Riesenfeld] "Investment Codes", Vol. 8, Encyclopedia of Public International Law 344 (1985) [with Craig Etlin] "The Recapture of Partners' Distributions Under the New Limited Partnership Act," Vol. 8, Bus. Law News 33 (1985) "Modification and Adaptation of Contracts: American Legal Developments", in Adaptation and Renegotiation of Contracts in International Trade and Finance 31 (N. Horn, ed., Deventer 1985) "Summer Lightning Out of Delaware: Smith v Van Gorkom and the Business Judgment Rule," 6 CEB Calif. Bus. Law Rep. 219 (1985) "The Law of the Jungle Meets the Law of the Ninth Circuit: Court Holds That California Law Requires Board to Honor Merger Contract," 6 CEB Calif. Bus. Law Rep. 117 (1984) "Federalism and Company Law", Vol. 82, Michigan L.Rev. 1163 (1984) "Understanding California's new limited partnership act," Vol. 4, Calif. Lawyer 13 (1984) "Corporate Derivative Litigation: Delaware Drops the Other Shoe," 6 CEB Calif. Bus. Law Rep. 8 (1984) "Corporate Legitimacy, Economic Theory, and Legal Doctrine," Vol. 45, Ohio State Law Journal 515 (1984)

"Extension of Parent Company Shareholders' Rights to Participate in the Governance of Subsidiaries", Vol. 36, American Journal of Comparative Law 511 (1983) "The Application of California Corporation Law to Pseudo-Foreign Corporations," Vol. 4, CEB Calif. Bus. Law Rep. 109 (1983) [with Uwe Schneider] "Die Fortentwicklung der Aktionärsklage und der Konzernklage im amerikanischen Recht," Vol. 11, Zeitschrift für Unternehmens- und Gesellschaftsrecht 199 (l982) "New Approaches to Derivative Litigation," Vol. 3, CEB Calif. Bus. Law Rep. 45 (1981) "Conflict-of-Interests Statutes and the Need for a Demand on Directors in Derivative Actions," Vol. 68, California Law Rev. 1122 (1980) (reprinted in Vol. 23, Corporate Practice Commentator 332 (1981)) "The Politico-Legal Context of the Purpose and Effect of Codification: The Example of Technology Transfer Negotiations", in Legal Problems of Codes of Conduct for Multinational Enterprises 89 (N. Horn, ed., Deventer 1980) "The Relation of the Large Corporation's Structure to the Role of Shareholders and Directors: Some American Historical Perspectives", in Law and the Formation of the Big Enterprises in the 19th and Early 20th Centuries 243 (N. Horn & J. Kocka, eds., Göttingen 1979) "Monetary Instability - National Legal Orders and Private International Law", in Monetäre Probleme im internationalen Handel und Kapitalverkehr 267 (N. Horn, ed., Baden-Baden 1976) "The Dissenter's Appraisal Remedy," Vol. 23, UCLA Law Rev. 1229 (1976) "The Formation of Marketable Share Companies", Chapter 3 of Volume XIII, International Encyclopedia of Comparative Law 1 (Tübingen 1974) "Economic Law in the United States of America", in Begriff und Prinzipien des Wirtschaftsrechts 11 (G. Rinck, ed., Frankfurt 1971) "Public Participation in the Enforcement of the Antitrust Laws", Vol. 59, California Law Rev. 1113 (1971) "The Group Exemption and Exclusive Distributorships in the Common Market - Procedural Technicalities", Vol. 14, Antitrust Bulletin 499 (1969) "Securities Regulation and the Foreign Issuer Exemption: A Study in the Process of Accommodating Foreign Interests", Vol. 54, Cornell Law Rev. 358 (1969) (reprinted, Vol. 1, Securities Law Review 677 (1969) and in Practising Law Institute, The Law, Disclosure and the

Securities Market (New York 1970)) "Article 177 of the Rome Treaty as a Federalizing Device", Vol. 21, Stanford Law Rev. 1041 (1969) "Boycotts and Restrictive Marketing Arrangements", Vol. 64, Michigan Law Rev. 671 (1968) "Alternativen zum freien Wettbewerb? Der Fall des Mühlenkartells", in Vol. 131, Zeitschrift für das Gesamte Handelsrecht und Wirtschaftsrecht 9 (1968) "Antitrust Policy in Modern Society: Dilemmas and Needs", in Das Unternehmen in der Rechtsordnung (Festschrift Kronstein) 345 (H. Coing,, K. Biedenkopf, & E.-J. Mestmäcker, eds., Karlsruhe 1967) Il Secondo Caso 'Sabbatino' E L'Abolizione Da Parte del Congresso Della Dottrina Dell 'Act of State', in Diritto Internazionale, Vol. 20, 205 (1966) "Die dem Patentmonopol innewohnenden Beschränkungen", Vol. 16, Wirtschaft und Wettbewerb 193 (1966) (a revised version of the next listed item) "Restrictions Inherent in the Patent Monopoly: A Comparative Critique", Vol. 113, Pennsylvania Law Rev. 633 (1965) "Incomplete Federalism: Jurisdiction Over Antitrust Matters in the European Economic Community", Vol. 52, California Law Rev. 56 (1964) "Patent Licensing: A Case Study on Antitrust Regulation Within the European Economic Community", Vol. 9, Antitrust Bulletin 101 (1964) Considerationi Sul Caso "Sabbatino", Diritto Internazionale, Vol. 18, 287 (1964) [with Stefan A. Riesenfeld] "N.V. Algemene Transport- En Expeditie Onderneming Van Gend & Loss c. Administration Fiscale Néerlandaise: A Pioneering Decision of the Court of Justice of the European Communities," Vol. 58, American Journal of International Law 152 (1964) "The Applicability of the German Cartel Law to Licenses of Foreign Patents", Vol. 8, Antitrust Bulletin 925 (1963) "Antitrust Regulation Within the European Economic Community", Vol. 61, Columbia Law Review 402 (1961) "Preferred Stock -- Law and Draftsmanship," Vol. 42, California Law Rev. 243 (1954) (reprinted in Drafting Opinions and Corporate Instruments 141 (Research & Documentation Corporation, ed., 1971) and in Corporate and Commercial Finance Agreements I-19 (S. Tomczak, ed., 1984))

Occasional Papers, Comments, and Teaching Materials Richard W. Jennings, Vol. 88, California Law Review 260 (2000) AIntroduction,@ [to California Law Review, eds., [AProfessor Stefan Albrecht Riesenfeld: A Tribute], Vol. 87 California Law Review 783 (1999) AStefan Albrecht Riesenfeld 1908-1999,@ Vol. 47, American Journal of Comparative Law 1 (1999) [with David Caron] AStefan A. Riesenfeld, International Law and the University of California,@ Vol. 16, Berkeley Journal of International Law 1 (1999) "Hommage Américain," in Festschrift für Wolfgang Fikentscher 1 (Bernhard Großfeld et al., eds., Tübingen 1998) "John G. Fleming, 1919-1997," Vol. 44, American Journal of Comparative Law 645 (1997) "Rudolf B. Schlesinger -- A Tribute," Vol. 43, American Journal of Comparative Law 217 (1995) "The challenges of the Symposium," Vers un nouvel ordre technologique pour une société (Symposium international III Europe -- Etats-Unis, Conférence des Grandes Écoles, Sophia- Antipolis, 1996) (1997) Transnational Law: Background Materials, Southwestern Legal Foundation (annual editions, 1976-1984) "Shareholder Disputes and Their Treatment," in Advising Small Businesses 307 (CEB California Business Law Institute, ed., 1982) "The New California Limited Partnership Act: A Selective Comparison with Current California Law and with the (Draft) Revised Uniform Limited Partnership Law," in Partnerships 107 (ALI- ABA Resource Materials, 3d ed. 1982) International Business Transactions: Background Materials, Southwestern Legal Foundation (annual editions, 1976-1981, 1996) "Some Substantive Problems in Partnership Law," Vol. 5, ALI-ABA Course Materials Journal 35 (1980) International Sales Law: Cases and Materials, University of California (1980)

"'Maldonado' Cases Could Lock Shareholders' Door," Legal Times of Washington, Oct. 13, 1980 "Supplement to Substantive Law of Partnerships: Uniform Partnership Act," in ALI-ABA Course of Study -- Partnerships: UPA, ULPA, Securities, Taxation, and Bankruptcy 23 (1979) Industrial Property Law: A Training Manual, (4 volumes; prov. ed. 1977) (with R. Sunshine) Legal Aspects of the Transfer of Technology: A Training Manual (prov. ed. 1977) (with R. Sunshine) "Substantive Law of Partnerships: Uniform Partnership Act," in ALI-ABA Course of Study -- Partnerships: UPA, ULPA, Securities, Taxation, and Bankruptcy 1 (1977) "Proposed California General Corporation Law (AB 376)," UC Schools of Law, 21st Annual Summer Program for California Lawyers (1975) "Report of Conference, Comparative Legal and Institutional Aspects of Public Interest Activity in the Environmental Sector", The Ford Foundation (mimeo, 1973) [with Howard Latin] "The Computer and the Law," Vol. 6, Computer 18 (1973) Developments in Doing Business Abroad -- 1972, CEB Syllabus (1972) Compiler and Editor (of what was later published as): California Commissioner of Corporations, Official Opinions -- Policy Letters 1969-1971 (CEB 1972) "Developments in Business Law," UC Schools of Law, 17th Annual Summer Program for California Lawyers (1971) "Preventive Detention and the Disorder Problem", in Urban Research Corporation, Preventive Detention 204 (1971) "Legal Problems of the High Technology Firm in International Operations", in UC Continuing Education in Engineering, The High Technology Firm in International Operations (1969) (with Farmer, Frolik, Mehlmann, Phillips & Willmarth), CEB, How to Expand a Business Abroad (1968) "Private Investment in the Developing Countries Today", in Vol. I, Development: International Law and Economics 73 (1967) "Konzentration und Kartellrecht", Frankfurter Allgemeine Zeitung, Oct. 29, 1966

(With Burnstein, Elson, Golde, Hill, Leonard, and Hesse), AAppellants= Opening Brief,@ People of the State of California, Plaintiff and Respondent, vs. Mario Savio and 571 Others, Defendants and Appellants (Criminal No. 235, Appellate Department of the Superior Court, County of Alameda, State of California 1966) Contributor to Proceedings of the Fourth Cornell Law School Summer Conference on International Law, The Status of Domestic Jurisdiction (1962) Contributor to Proceedings of the Third Cornell Law School Summer Conference on International Law, International Law in National Courts (1960) "The Non-Commissioned Lawyer in the Armed Services," Vol. 4, Student Lawyer 11 (1959) Contributor to Proceedings of the First Cornell Law School Summer Conference on International Law, International Law in Progress (1957) Notes, Vol. 37, Cornell Law Quarterly 84, 271 (1951/52); Vol. 36, Cornell Law Quarterly 369 (1951) Book Reviews [Review Essay] "Zur Wirkung deutscher Emigranten auf die Rechtsentwicklung in USA und Deutschland," Vol. 50, Juristenzeitung 611 (1995) Tunc, Le Droit Americain des Sociétés Anonymes, Vol. 36, American Journal of Comparative Law 184 (1988) Wiedemann, Gesellschaftsrecht, Vol. 31, American Journal of Comparative Law 536 (1983) Stein, Harmonization of European Company Laws, Vol. 70, Michigan Law Rev. 1615 (1972) Riegert, Das amerikanische Administrative Law, Vol. 17, American Journal of Comparative Law 311 (1969) von Falkenhausen, Verfassungsrechtliche Grenzen der Mehrheitsherrschaft nach dem Recht der Kapitalgesellschaften, Vol. 17, American Journal of Comparative Law 476 (1969) OECD, Guide to Legislation on Restrictive Business Practices, Vol. 52, Calif. Law Rev. 678 (1964) Schwartz, Deutsches Internationales Kartellrecht, Vol. 52, Calif. Law Rev. 45l (1964)

Cartel and Monopoly in Modern Law, Vol. 62, Columbia Law Rev. 1117 (1962) Fulda, Competition in the Regulated Industries: Transportation, Vol. 50, Calif. Law Rev. 916 (1962) Kaplan & Katzenbach, The Political Foundations of International Law, Vol. 49, Calif. Law Rev. 802 (1961)