Digitalization of Institutions of Corporate Law: Current Trends and Future Prospects

Vasiliy Andreevich Laptev and Daria Rinatovna Feyzrakhmanova
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Vasiliy Andreevich Laptev: Department of Entrepreneurial and Corporate Law, Kutafin Moscow State Law University, 109180 Moscow, Russia
Daria Rinatovna Feyzrakhmanova: Department of Entrepreneurial and Corporate Law, Kutafin Moscow State Law University, 109180 Moscow, Russia

Laws, 2021, vol. 10, issue 4, 1-19

Abstract: Digital technologies have been integrated into all aspects of public life, including politics, law, finance, business, education, science, and society. As a result of the use of digital technologies by various subjects, a transformation has occurred of the economic relations existing in society, including corporate relations. This study analyzes the impact of digitalization on individual institutions of corporate law. The authors investigate the following aspects of the digitalization of corporate law: (1) digital legal personality of the corporation (online registration (e-residency) of corporations and the digital footprint that companies leave in public registers); (2) digital corporate governance; and (3) digital (network or decentralized) autonomous organizations. The purpose of this research is to identify trends and directions of transformation of individual institutions of corporate law in a digital society. The authors conclude that the digitalization of institutions of corporate law will result in: (1) the reinterpretation of certain concepts of corporate law, such as corporation and corporate governance; (2) the improvement of the legal mechanisms of corporate governance following the introduction of AI into the collegial executive bodies of corporations; (3) the digitalization of corporate assets; and (4) the emergence of new subjects of corporate and other relevant relations.

Keywords: corporation; e-residency; corporate governance; digital governance; artificial intelligence; decentralized autonomous organization (search for similar items in EconPapers)
JEL-codes: D78 E61 E62 F13 F42 F68 K0 K1 K2 K3 K4 (search for similar items in EconPapers)
Date: 2021
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