The situation in eastern Ukraine and Russian-Ukrainian interstate relations saw a certain de-escalation in June 2014. In particular, Russia recognized new Ukrainian President P. Poroshenko. However, the situation remains to be tense. The east Ukrainian armed groups cannot see how they may exist...

The situation in Ukraine ratcheted up sharply in April 2014 in the Dontesk and Lugansk Regions, where armed insurgents seized the regional administration buildings. Negotiations in Geneva between officials from Russia, Ukraine, the United States, and the European Union came to an agreement on...

In July 2014, against the backdrop of an escalating conflict in Ukraine and the crash of a civilian passenger airliner in the active combat zone there, the OECD's sanctions against Russia were severely toughened. A ban was imposed on the issuance of long-term loans (for periods over 90 days) to...

Brett v. Gilbert (1605), commonly known as the Case of Mixt Monies, confirms the principle of monetary nominalism in the common law of obligations. It is fundamental to the modern understanding of the legal nature of obligations to pay money and goes far to define a distinctive conception of...

Recent studies have questioned the desirability of independent boards. This paper presents and examines two principal hypotheses and four subsidiary hypotheses to explain these results. The two principal hypotheses are: 1. Corporations that have inside boards will have weak CEOs. 2. Corporations...

In this sample of 49 Latin American, OECD, and transition economies, it is the ineffective and discretionary administration of tax and regulatory regimes--not higher tax rates alone--as well as corruption, that increases the size of the unofficial economy. And countries with a larger unofficial...

We present a dynamic model of deliberation in which `jurors' decide every period whether to continue deliberation, which generates costly information, or stop and take a binding vote yielding a decision. For homogeneous juries, the model is a reinterpretation of the classic Wald (1947)...

This paper offers an account of the important role which an obligation to provide reasons can play in avoiding some of the systematic difficulties encountered in the theory of rational social choice. The paper builds on some of the insights offered by theories of structure-induced equilibrium....

Recent changes in the former communist countries have demonstrated the importance of a legal system for economic progress. A legal system defines property rights, allows for exchange of property rights, and protects property rights. Countries with a rule of law and well established property...

State regulation of lawyers has failed to keep pace with the increased complexity and geographic scope of law practice. A particular problem is that lawyers in the branch office of a multi-jurisdictional firm are subject to the ethical rules of the state in which the branch office is located....