Code or court: the financial-political aspect of correlation between common and civil law

This paper analyses the ‘law and finance theory’ and other papers which are based on it and finds that the theory has more in common with a political order than independent scientific research. This paper argues that, as our world becomes more and more globalized, common law countries in general, and case law in particular, have a little advantage when it concerns financial and business relationships. Consequently, such differences as legal origins can become a huge rift for global unity. It concludes that, in agreement with many philosophers, the best way is a ‘middle way’. It recommends the construction a new system of law, which combines the best aspects of the common and civil law families. Copyright Springer Science+Business Media, LLC 2014