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Public and private action against cartels is an internationally recognized cornerstone of antitrust enforcement. Effective private enforcement requires that cartel victims can receive (at least) full compensation for the harm suffered. Academics and competition authorities support this goal with...
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This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors … liability could impose less risk on directors and managers, and provide better risk-taking incentives, than standard performance … liability incentives is not absolute but a cost-benefit trade-off. Litigation is expensive, while the benefits from refining …
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Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for these operations, we stress that most of these operations, being off-balance sheet,...
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Given the urgent need to dramatically reduce greenhouse gas emissions, and concern regarding insufficient climate action and ambition across the globe, NGOs and individuals are increasingly turning to the courts to force States, public authorities, and private entities to increase their climate...
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