We study antitrust enforcement that channels price-fixing incentives through setting fines and allocating resources to detection activities. Antitrust fines obey four legal principles: punishments should fit the crime, proportionality, bankruptcy considerations, and minimum fines. Bankruptcy...

The article deals with an important issue in property insurance. After a property loss, the property insurance company's adjuster offers an amount to settle the claim and the owner accepts payment of that amount. The adjuster may have the owner execute a release as a condition of payment....

International commercial transactions often involve states and state agencies in contractual dealings with individuals and multinational corporations and owing to the reluctance of states to subject disputes arising from their transactions to the courts of another state, arbitration is often the...

The present paper deals with the procedures relating to the enforcement of security instruments in India and also about the issues revolving around it.The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (hereinafter, “SARFAESI Act”) enacts...

Economic analysis of criminal behavior suggests that a rational individual commits crime only if the expected gain from a crime is greater than the expected cost associated with it. The size of the police force increases the expected cost to a potential criminal and hence acts as a deterrent....

Given different legal regimes which govern the global and regional trading systems, the WTO as such cannot stop the proliferation of RTAs. Nevertheless, the WTO can oversee them through its political and judicial review procedures. Notably, Article XXIV of the GATT, Article V of the GATS and the...

To address multi-dimensional conflict of interest problems in directors and officers (D&O) indemnification cases, we propose a solution that was originally developed for civil insurance cases in California, but that has an even more powerful and appropriate application in the context of criminal...

The principle of proportionality has been developed by the ECJ for many years now. It has been applied in various fields besides taxation. Its significance is illustrated by its inclusion in the text of the EU Treaty and the large number of cases at the ECJ applying it.Lithuanian courts are...

We examine the interplay between social norms and the enforcement of laws. Agents choose a behavior (e.g., tax evasion, production of low-quality products, corruption, substance abuse, etc.) and then are randomly matched with another agent. An agent's payoff decreases with the mismatch between...