Low investment rates are a puzzling phenomenon particularly in transition economies with an urgent need for … modernisation. The literature offers two alternative explanations: imperfect capital markets and investment reluctance due to real … real option effects may lead to erroneous conclusions in the context of empirical investment equations …

Skating Union on a doping matter. The question at issue was whether the arbitration clause in the athlete’s contract for … abuse of dominance under competition law. A lower court had – sensationally – held that the underlying arbitration clause … institutions. Yet, in this interesting opinion the Federal Supreme Court sets standards for international arbitration. This paper …