New issue of Corporate Law & Governance Review journal
The editorial team of Virtus Interpress is pleased to present the first 2026 issue of the journal Corporate Law & Governance Review. The contributions in this volume reflect the breadth and evolving direction of contemporary governance scholarship. Across diverse jurisdictions, including Indonesia, the UAE and wider Arab region, Kazakhstan, and other transitional contexts, the articles address technology-driven liability, institutional design and legal certainty, ESG-oriented governance, leadership, and board performance. Together, they demonstrate how corporate law research is increasingly comparative, context-sensitive, and focused on practical impact.
The first study by Nyoman Ayu Suryandari, Estanislau Bana, Ni Putu Lisa Ernawatiningsih, and Desak Ayu Sriary Bhegawati investigates how auditor personality traits, ethics, professional scepticism, and work experience affect their fraud detection ability. The study offers practical implications for audit firms, particularly in recruitment and auditor training. It also highlights the value of fostering personal attributes that support professional judgment in fraud detection.
Nashwa Ahmed Mohamed, Ahmad Fadli, and Karem Sayed Aboelazm focus on the judicial review of the constitutionality of foreign law, specifically whether this occurs before the judiciary or in arbitration tribunals. The paper concludes that domestic legislative text is not adequate to address the issue of unconstitutionality, as the UAE legislator has not provided explicit provisions that judges can use in assessing claims of unconstitutionality of foreign law that arise in disputes involving a foreign element.
Mohammad Airout examines the regulation and enforcement of corporate criminal liability in artificial intelligence (AI) facilitated illegal activities in the five Arab countries UAE, Saudi Arabia, Jordan, Egypt, and Morocco. The paper recommends the use of criminal risk management by company boards in Arab countries to mitigate the challenges and provides legislative measures that will codify crimes committed by AI technology; improve evidence management processes; and standardize enforcement across national borders.
The following paper by Shiryn Baikenzhina, Gulzhazira Ilyassova, Karina Sabyrova, Yerdos Khamzin, and Saida Akimbekova examine the practices employed in common law, civil law, and mixed legal systems for regulating relevant legal matters. Additionally, it explores the experience of non-common law countries in adopting elements of case law systems that are not native to their legal traditions.
The research study by Sri Marti Pramudena, Lela Nurlaela Wati, and Eri Marlapa examines the impact of bank soundness ratio (based on the Risk-Based Bank Rating (RBBR) method) on financial performance via the environmental, social, and governance (ESG) framework within Islamic governance and social responsibility in Indonesian Islamic commercial banks (Sharia banks).
The next paper by Thi To Uyen Nguyen, Thi-Thu-Trang Tang, Dinh-Hai Luong, Phuong-Thao Nguyen, and Hiep-Hung Pham seeks to address this gap by examining the existing literature on legal education reform (LER) through a bibliometric approach, utilizing data from Scopus. The research results carry theoretical and practical implications for policymakers, law school and university leaders, curriculum designers, and LER researchers.
Iriansyah and Yalid study the impact of inconsistencies on investment licensing procedures and legal certainty. The research employs a normative juridical method with statutory, conceptual, and comparative approaches. Findings reveal that overlapping regulations — particularly between the Investment Law, the Job Creation Law, and sectoral regulations — generate procedural uncertainty, excessive bureaucratic discretion, and high transaction costs for investors.
The purpose of the paper by Daniyar Japarkulov, Gulnar Aigarinova, Mikhail Gussev, Gulnur Rasheva, Zhanna Akshatayeva, and Kaliya Sartayeva is to examine the legal regulation of access to environmental information in the European Union (EU) and several post-Soviet countries. The study finds that while EU institutions have extensive reporting mechanisms, capacity and awareness gaps limit effective use of environmental data. The paper is relevant for policymakers and scholars seeking to align national legislation with international environmental standards.
Nafisah Yami, Hashem Alshurafat, and Husam Ananzeh examine the influence of female directors on firm performance while addressing the endogeneity often overlooked in prior research. The findings show a positive link between female board representation and firm performance, even after accounting for endogeneity, reverse causality, and omitted variable bias. These results support the predictions of agency and resource dependency theories and suggest that gender diversity enhances governance and firm outcomes.
Phuong Nu Minh Le analyzes the differences in the impact of economic and political institutions (PI) on the performance of legally regulated business groups in Vietnam. Additionally, the study explores which types of businesses utilize resources like capital and labor most effectively. The research results suggest reforms in flexible institutional models and specific policy mechanisms to support private enterprises.
The following paper by Burim Haliti examines the trademark protection framework in the Republic of Kosovo in light of national legislation and relevant international and European Union (EU) legal instruments, including the Trade-Related Aspects of Intellectual Property Rights (TRIPS) Agreement and EU trademark law standards. The paper concludes that further legislative refinement and stronger institutional implementation are required. This research is relevant for advancing academic discourse on trademark law and for informing policymakers and legal practitioners involved in intellectual property protection and legal harmonization processes.
Ferry Irawan, Amrie Firmansyah, Zef Arfiansyah, Suparna Wijaya, Resi Ariyasa Qadri, and Ekki Juniardi examine how governance influences fixed asset management in village-owned enterprises (Badan Usaha Milik Desa, BUMDes) in Pacitan Regency, Indonesia, and investigates the moderating role of servant leadership. Primary data were collected from 88 BUMDes managers using a structured questionnaire and analyzed with partial least squares structural equation modeling (PLS-SEM). The results show that governance significantly enhances fixed asset management through systematic planning, consistent maintenance, and efficient utilization of resources.
Abeer Hassan Al-Qaisi, Mohammad Ali Ahmad Alamawi, Ma’en Abdel-rahim Abdel-aziz Juwaihan, Shadi Meeush D’yab Altarawneh, Sayel Mufleh Al-Momani, Mohammad Rajai Jaber, and Ahmad Al-Btoush investigate the material characteristics of artificial intelligence (AI) technologies as a legal foundation for the imposition of civil liability for damages pursuant to Jordanian law and European Union (EU) regulations. The study indicates that acknowledging the material essence of AI establishes a more cohesive and legally robust framework for civil responsibility, advocating for legislative reform in Jordan in accordance with recent European advancements.
The research paper by Arta Dauti and Besnik Murati examines the research problem of how the doctrine of good faith and international arbitration shape negotiation dynamics in international contracting. The findings suggest that properly formulated good faith clauses and extensive arbitration agreements reduce negotiation failures, enhance contractual certainty, and support efficient dispute avoidance and resolution. The contribution of this paper is the connection between the theoretical doctrines of good faith and the practical functions of arbitration, offering insights for more effective and harmonized international trade practices.
Alaa Abouahmed, Mohamed Abdelsalam, Aliaa Zakaria, Moustafa Elmetwaly Kandeel, Gehad Mohamed AbdelAziz, Ahmed Khalil, and Adham Hashish examine whether AI-driven evaluations maintain fair competition and prevent unjust exclusions. This study provides legal insights to refine digital prequalification for efficiency and fairness. This study also provides legal insights to refine digital prequalification in the UAE, emphasizing the need for clear safeguards regulating AI-based evaluations.
The final research study by Thi Minh Hue Le and Lan Anh Dang examines the impact of internal control and its five components, as defined by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) on tax law compliance among enterprises in Vietnam. The findings highlight the crucial role of effective internal control systems in promoting tax compliance. The study contributes to the literature by providing empirical evidence from an emerging economy and offers practical implications for policymakers and business managers in strengthening internal control systems to enhance tax law compliance.
You are welcome to browse the full issue at the following link .
We hope that reading this issue will be pleasant and informative for you!
