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is identified. Civil and Common law systems are the most widespread in the world. The probable impact of Blockchain on … law systems is evaluated. The paper concludes by summarizing the consequences and suitability of using Blockchain … prevented from even arising if the policies, contracts and laws can be fully objectivised. Presently, the interpretation of law …
Persistent link: https://www.econbiz.de/10015258370
China did not adopt a modern Property Rights Law until 2007, which means that most modern real estate development … occurred before there was a comprehensive property law to govern it. Moreover, business conventions in China frequently diverge … whether China is disproving the traditional law and development model, which holds that transparent property and contract laws …
Persistent link: https://www.econbiz.de/10012968349
by law) when law is either unresponsive or incapable of directing behavior in welfare-maximizing manners. But, as this …
Persistent link: https://www.econbiz.de/10014087452
The purveyance of the rule of law in developing countries has frequently been associated with positive economic … law - the role of informal legal institutions. The perception of legal systems perpetrated by the state - formal legal … economic development effect of rule of law programs muted by the existence of a two-track legal system that leads many citizens …
Persistent link: https://www.econbiz.de/10012720574
the legal systems of the world. Legal scholars often do not attempt to classify all countries: rather, in comparative law … divided into the four clusters of the “Global Anglosphere”, the “Modern European Legal Culture”, the “Rule by Law or Religion …”, and the “Weak Law in Transition”. It displays those clusters in a map, akin to the Inglehart-Welzel cultural map. Finally …
Persistent link: https://www.econbiz.de/10013034294
Modern hybrid Islamic legal systems that maintained Islamic law (IL) as a source of law while adopting a civil or … common law legal system face a constant challenge: safeguarding compatibility of their laws with IL and adapting them to … common law precedent-based system, should be guaranteed: consistency in a pluralistic legal system makes it calculable for …
Persistent link: https://www.econbiz.de/10014111566
rules efficiently? The law is subject to uncertainty ex ante; uncertainty makes the outcomes of trials difficult to predict … and deters parties from settling disputes out of court. In contrast, the law is certain ex post: litigation fosters the …
Persistent link: https://www.econbiz.de/10011349216
sheds new light on the causes for high litigation rates and on judge-made law versus statutes …
Persistent link: https://www.econbiz.de/10014208155
The paper reviews microfinance systems both in the world and in medieval Japan. The paper argues that microfinance system is a glue which links privately-organized community with formal legal system. The paper also discusses the condition under which microfinance system works effectively and...
Persistent link: https://www.econbiz.de/10014186760
It is now established in employment law that an implied term of trust and confidence exists in the contract of … this implied term as a defence for dismissing an employee without notice.Case-law has played an important role in the …
Persistent link: https://www.econbiz.de/10012837062