Legal academics, journalists, and senior executive branch officials alike have assumed that the cost of imposing new regulatory requirements is higher in severe recessions that drive the central bank's policy rate to zero than in other times. This is not correct; the aggregate output costs of...

Das Recht eines Staates, handelsbeschränkende Maßnahmen zum Schutz nicht-ökonomischer Güter zu ergreifen, ist im WTO-Recht insbesondere in den allgemeinen Ausnahmen der Art. XX GATT und Art. XIV GATS verankert. Besonders umstritten ist dabei die Möglichkeit, Maßnahmen zum Schutz von...

This paper contains a brief presentation of the economic history of Spain. It also analyzes the Spanish legislation and practice in several legal areas that are key to define the current profile of Spanish Economic Law (Trade, Investment, Financial Regulation, Insurance, Stock Exchanges,...

In this book, Stephen Copp has brought together some of the world’s leading figures in the field of law and economics to discuss questions that are central to our understanding of how a free-market economy operates.Though most people accept that a free economy cannot exist in a legal vacuum,...

Fairness appears as the guiding paradigm of regulating the digital economy. Yet, its exact meaning has always remained dubious. The present article, which summarizes key insights of my PhD thesis “Fairness als Rechtsprinzip”, aims at filling this theoretical void by exploring to which extent...

AI Act A practical guide The new AI act will have significant consequences for civil society and the economy. The text will enter into force in the summer of 2024, the first provisions will apply just six months later. The aim of the European legislator was to provide better protection against...

"The Legal Innovation Sandbox" examines a novel regulatory approach, called the innovation sandbox, in the context of the legal profession. The paper makes the claim that the “sandbox” regulatory model is in fact better suited to fostering innovation in the legal services arena than it is in...

This paper analyses Vietnam's compliance with international anti-money laundering standards. It describes Vietnam’s risk factors for money laundering and contrasts its high risk with its low rate of money laundering prosecutions, a contrast which suggests problems in the anti-money laundering...

The national regulations by which the Member States enforce a discriminatory tax treatment on the subsidiaries or branches of non-resident parent companies, compared to the one enforced on resident companies with an objectively comparable status, represent unjustifi ed restrictions on the...

On 16 July 2021, the German legislature adopted the Act on Corporate Due Diligence in Supply Chains (LkSG). It is the most important step taken so far by the German legislature in terms of promoting corporate sustainability and protecting human rights in globalised supply chains. However, it...

Social audits are a common tool for monitoring labour conditions in global supply chains. They are becoming even more important as a result of increasing supply chain regulation. But what happens if these audits fail to prevent human rights violations? This question is addressed in the book,...

Dieses Werk befasst sich mit der Problematik, inwieweit KI im Personalmanagement möglichst rechtssicher implementiert werden kann. Dabei werden insbesondere die rechtlichen Herausforderungen, die sich beim Einsatz von KI ergeben, analysiert. Hierdurch wird verdeutlicht, welche Lücken das...

Chapter 1. Navigating Parenthood: Malaysian Perspectives on Protecting Children From Paedophilia -- Chapter 2. The Impact of Capacity Management on Improving the Performance of Manufacturing Operations -- Chapter 3. Customer Preference Towards Private Label Brands Over Manufactured Brands of...

Die beachtlichen Fortschritte Künstlicher Intelligenz (KI) drängen zu einem Einsatz in der Führung von Unternehmen. Für Geschäftsleiter kann der (Nicht-)Einsatz von KI-Lösungen hingegen mit Haftungsrisiken verbunden sein. Das Werk steckt den rechtlichen Rahmen für einen solchen Einsatz ab...

Der Fokus dieses Buchs liegt auf Entstehung und Entwicklung des öffentlichen Wirtschaftsrechts in der Schweiz von der Währungsordnung bis zu den Finanzdienstleistungen, von der Geld-, Kredit- und Währungspolitik bis zur Konjunkturbeobachtung und -statistik, von der Landwirtschaftspolitik bis...

Globalization is a phenomenon of inherent complexity. As such, it is defined by a number of positive, as well as negative, traits. The seemingly inextricable links between countries - created by international trade and membership in a variety of international organizations - are seen as a...

The very first issue of this journal, published nearly 15 years ago, carried an article titled ‘Japanese Business Law in Cyberspace: Preliminary Usage Patterns for the ‘Japanese Law Links’ Webpage’ (Nottage, 1998). The development of the Internet as a research tool during this time, as...

The fundamental originating principle of law and economics (L&E) is that legal decisions should be (and are) based on maximizing efficiency. But L&E proponents do not define “efficiency” in the way agreed to by most economists, as Pareto Efficiency. A Pareto optimal condition is obtained...

Law and economics has had a significant impact on foundational private law subjects — property, contracts, and torts — as well as advanced private law areas. This chapter analyzes how law and economics influences private law and how New Private Law (NPL) is influencing law and...

During the Progressive Era at the beginning of the 20th century, the United States replaced litigation by regulation as the principal mechanism of social control of business. To explain why this happened, we present a model of choice of law enforcement strategy between litigation and regulation...

The paper revisits and elaborates on the improbable concept of “economic law” which originated in early twentieth-century debates in search of an legal political framework for a capitalist economy under democratic control. In analyzing its composite elements – “law” and “economic”...

The law of modern business entities is poorly understood from a comprehensive perspective. This area of law has changed significantly in the last several decades in ways that have gone largely unnoticed. The lack of attention is unfortunate because developments in the law of business-entity...

If Canadian corporate statutes include rules providing that a corporation and its shareholders are separate legal persons, what lets courts disregard these rules by piercing the corporate veil? The Court of Appeal for Ontario’s Chevron decision brought this question into the judicial...

Part of a larger textbook on business law and economics, this Chapter surveys how economic analysis has been applied to competition, or antitrust, law, in the main jurisdictions on both sides of the Atlantic. The first part chronicles the successive schools of thought in the US and the EU, with...