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precondition to the optimal development of public securities markets. The regulation of insider trading, while controversial, is … thus a subject of public imperatives. Following the regulation of insider trading in the U.S., the notion of insider … trading regulation is not sufficient to assure optimal securities market development; enforcement of insider trading …
Persistent link: https://www.econbiz.de/10014052610
Private enforcement of EC competition law has reached a new stage with the publication of the European Commission's Green Paper entitled "Damages actions for breach of the EC antitrust rules." Even though it is unclear whether any legislative action at the Community level will follow, the Green...
Persistent link: https://www.econbiz.de/10014052767
Citizens of foreign countries are increasingly using international treaties to bring claims against the U.S government. As a result, U.S. courts are being asked to determine whether treaties provide litigants with individually enforceable rights. Although courts have no consistent approach to...
Persistent link: https://www.econbiz.de/10014052830
The 'folk theorem' suggests that the shadow of the future coupled with the threat of lost business can create cooperation without government. Although institutions rooted in this theorem can support self-enforcing exchange in a wide variety of contexts, their potential to create cooperation is...
Persistent link: https://www.econbiz.de/10014053560
This paper is devoted to the Polish leniency programme, including the conditions of obtaining lenient treatment and the applicable procedure. The type, scope and form of information that must be submitted are commented on as well as the marker system and summary applications. The intersection of...
Persistent link: https://www.econbiz.de/10014193059
Numerous studies examine the importance of legal systems, yet there is little scholarship on how nations can improve their legal systems. Nations might try to invest more resources, including increasing overall budgets, increasing judicial salaries, or expanding the number of judges and/or...
Persistent link: https://www.econbiz.de/10014193155
The paper examines the control system that Stalin established, as the Soviet dictator, to enforce his orders. Historical records demonstrate that Stalin designed the system’s scope, organisation, and credentials to maximise its cost-effectiveness. On several occasions Stalin deliberately...
Persistent link: https://www.econbiz.de/10014193250
The use of soft law instruments is pervasive in the field of EU competition policy. This poses significant legal challenges derived from the progressive ‘hardening’ of these regulatory tools by the European Courts as a result of the application of the general principles of EU law. The...
Persistent link: https://www.econbiz.de/10014193435
Courts are willing, in commercial contests, to enforce promises even without consideration when enforcement supports a norm of reciprocity -- a norm which recognizes that such promises are seldom totally gratuitous, but are often made in furtherance of reciprocal, long-term, trust-based...
Persistent link: https://www.econbiz.de/10014194806
The Maryland Department of the Environment (MDE) is responsible for enforcing Clean Water Act (CWA) requirements in Maryland. This report evaluates MDE's enforcement of the CWA and draws three significant conclusions: (1) MDE is drastically underfunded; (2) MDE has not designed its enforcement...
Persistent link: https://www.econbiz.de/10014194854