Abstract Venture capital is certainly important to a country in that it finances entrepreneurship and innovation. In recent years, secondary markets for private shares have emerged as an important node in the VC cycle by both facilitating interim liquidity for non-listed firms and providing...

Abstract A “diplomat’s jurisprudence” was the label Professor Robert E. Hudec gave to the GATT, referring to the avoidance of legally binding commitments by its negotiators. Other nicknames (the “General Agreement to Talk and Talk” for example) were not so flattering. However, since...

Abstract Aggressive legalism, a trade policy-making strategy targeted at actively utilizing WTO rules to defend trade interests, has greatly benefited major Eastern Asian countries in past years. This paper examines whether this strategy should be promoted around greater Asia in this era. First,...

Abstract Labour law is widely being cited as one of the principal factors creating rigidities in industrial business and, thereby, holding back productivity growth and employment generation. However, a substantial chunk of literature disputes the “rigidity argument” on the ground that there...

Abstract For many years research on development has been focused on complex economic models. However, the underdevelopment phenomenon entails important cultural aspects which have been barely explored. One of those aspects is the relationship between legal culture and the rule of law, and its...

Abstract The paper provides a behavioral approach to analysis of pre-trial negotiations. This paper differs from earlier studies in that the most likely outcome forms the basis on which the parties assess their benefits and costs. This is based not on precise calculations of expected values, but...

Abstract Today the world economy is immeasurably more complex, multi-faceted, and integrated than it was in the last quarter of 20th century. New financial procedures and interests have multiplied in the current trade and investment matrix. Developing countries are now rightfully taking a much...

Abstract Many governments, political economists and terrorist experts consider the use of military and police forces as the ultimate way to effectively deter terrorism. The most effective negative sanctions are considered to be military strikes, aggressive actions (including crackdowns, search...

Abstract Civil laws or commercial laws in many countries stipulate the liability of the public host whereby a public host is liable for the losses due to damage or lost of the property of the guest left to the host. In this paper, we consider the situation in which the value of the property is...

The European Court of Justice (ECJ) is a very powerful court compared to other international courts and even national courts of last resort. Observers almost unanimously agree that it is the preliminary references procedure that made the ECJ the powerful court it is today. In this article, we...