At the end of the 1990s, the European Commission launched the then-considered forward-looking idea of a pan-European private law code merging national legal traditions – both civil and common – and, eventually, replacing them (horizontal approach). The project never became law, and, still...

As the current endless crisis clearly proves, world financial markets are closely interconnected. In order to provide a legal backdrop, a soft-law body, named the International Organisation of Securities Commissions (IOSCO), was established and tasked with encouraging an efficient flow of...