ABSTRACT
This chapter provides a theoretical framework for discussing why the ‘organisational’ perspective is important and necessary for decentralised business models. In particular, we draw upon the literature from economic sociology. We do not argue that these insights alone should result in the law ‘following’ and constructing an organisational paradigm for each ‘organisational’ form that is stabilised in sociological understanding. Instead, we argue that certain stabilised observations of ‘organisational’ characteristics in sociological understandings should be mapped against the law’s treatment of equivalent characteristics, especially in the law of organisations and its governance norms, to consider if these may give rise to legal concepts that can ultimately meet the business and social expectations of such decentralised business models.
