英文摘要 |
It has been long argued under Taiwan law whether business judgment rule should be introduced into Taiwan legal system. Some commentators take the view against such proposal, arguing that business judgment rule is inconsistent with the current rule of burden of proof and thus should not be adopted under Taiwan legal system. However, such argument seems incomplete because it only focuses on the analysis of business judgment rule without taking into consideration the remaining two standard of review, namely entire fairness and enhanced scrutiny. In order to exam the validity of this argument, based on the current development of Delaware fiduciary case laws, this article conducts an exhaustive survey and provides a list of different types of standard of view in Delaware and the respective allocation of burden of proof thereunder, and review them in the context of the rule of burden of proof under Taiwan law. This article concludes that the Delaware standard of review system actually corresponds to the dominant theory regarding the allocation of the burden of proof (according to the category of element under Taiwan law). Although there are differences between Delaware standard of review and the dominant theory of burden of proof in Taiwan (such as the difficulty in overturning the presumption of business judgment rule, the use of procedural mechanism to change the standard of review, and the shift of allocation of entire fairness by using procedural mechanisms), such differences can be justified from the perspective of heightened standard of proof, prima facie proof and shift of burden of proof, with the support of substantial policy considerations. Furthermore, the spirit of Delaware standard of review actually echoes the fundamental concept in Taiwan civil law in Taiwan and thus need not be regarded as a outlier. |