This article tests Galanter’s party capability theory in China’s grassroots courts through empirically examining 858 sampled judgments of rural land dispute lawsuits between married-out women (the “have-nots” or the less resourceful party) and village collectives (the “haves” or the...

Pure economic loss has been a frontier tort law issue both in Europe and the United States. There are two rules to follow: one would exclude pure economic loss from recovery; the other would allow it. It totally depends on the jurisdiction one is in. However, the mystery is that one cannot...

We use the Barra Extreme Risk (BxR) model to analyze a US dollar-denominated corporate bond portfolio consisting of 2142 distinct issues. As in the case of equities, we find that the BxR proprietary extreme risk forecasts, xShortfall and xVaR, are higher than value-at-risk and expected-shortfall...

Based on extensive interviews with judges and a survey on in-court mediation covering 24 courts in China, this paper seeks to answer a question that interests many legal scholars: Is it practically feasible for the mediation of civil disputes in China to take the shape of genuine alternative...

This article discusses the link between out-of-court mediation and civil proceedings within the context of a centralized mediation policy that seeks to preserve social stability in present-day China. Such a policy, which pushed for the settlement of disputes out-of-court, raises concern that...