Governments have bailed out banks that were considered Too Big To Fail (TBTF). In an attempt to end these bail-outs, The European Commission has presented a proposal for a Directive for a European Framework on Recovery and Resolution of Credit Institutions and Investment Firms. This article...

Four developments warrant revisiting the debate on full priority and taking steps to implement a partial priority system. The first development is that secured credit increasingly results in a complete lack of funds to cover the expenses of the insolvency procedure. The second development is...

Although the European Insolvency Regulation does not provide limitations on comi-migration, comi-migration can lead to the application of the principle of abuse of Union law. This article provides a theoretical framework to distinguish between abusive and non-abusive comi-migration....

We identify a key trade-off between protecting property rights and enhancing reliance on contracts. For instance, when a dishonest intermediary transfers a good to an innocent buyer without the owner's consent, who between buyer and owner should retain the good? We show that the optimal...

This report deals with the acquisition and consumption of music, films, series, books and games through the various legal and illegal channels that exist nowadays, in a set of 13 countries in Europe (France, Germany, the Netherlands, Poland, Spain, Sweden), the Americas (Brazil, Canada) and Asia...

This paper discusses how China has made a move towards society-based regulation, enabling citizens to aid in the implementation of regulatory law. It discusses the necessity of this development in the light of the government’s problems in enforcing its laws. The paper contends that citizens...

Bank Resolution is considered a cornerstone of the post-crisis financial regulation; however, it is also widely considered ineffective and inefficient in handling bank failures. This article analyses the preventive potential of the resolution framework, specifically focusing on the minimum...

As a result of the global lockdown, countries around the globe are now facing multiple crises at the same time: a health crisis, a financial crisis, and a collapse in commodity prices, which all interact in complex ways. As a reaction governments and policymakers are providing unparalleled...

Postal services play a vital role in people’s life across the EU and affordable and reliable postal services are essential to realize the EU’s Digital Single Market. The liberalization of the postal sector and the establishment of a single market for postal services in the EU has been...

When emergencies strike in the EU – a forest fire, a pandemic outbreak or a terrorist attack – these events are initially addressed by the executive branch. More particularly, they are addressed within the administrative branches where the authority, expertise and specialisation is organized...