International Encyclopedia of Comparative Law Online

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I. Introduction
(2,815 words)

Volume XIII: Business and Private Organizations | Chapter 12a (1972): Law and Accounting in Business Associations

2nd November, 1966.

Detlev F. Vagts

1. Scope and limitations of chapter. – A learned american judge has said that “[a]ccounting concepts are a foreign language to some lawyers in almost all cases, and to almost all lawyers in some cases.”1 Note that this was said in the united states, where a close relationship prevails between much of the bar and business and financial circles and where law school courses and manuals designed to introduce lawyers…

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Detlev F. Vagts, “I. Introduction”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 11 November 2019 <>
First published online: 2018

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