The First Department of New York’s Appellate Division Applies the Internal Affairs Doctrine to a Shareholder Dispute Brought Against a German Company on Behalf of its Shareholders
By Mark H. Moore Both state and federal courts have adopted the “internal affairs doctrine” for disputes among or between a corporation and its directors, officers, and shareholders. Under this approach, courts generally apply the substantive law of the state of incorporation to such disputes, because “application of that body...