We compare the influence of bankruptcy law on the risk of default and the rate of liquidation by banks. We show that it depends on whether it is pro-creditors or pro-debtors oriented, and on the intensity of competition between banks. Then , we analyse the various tools at the disposal of public...

The European Community has had a decidedly significant impact upon the legal systems of the Member States. It was established in 1957 by the Treaty of Rome, the main objectives being to develop stability throughout Europe by means of encouraging a closer union between member states. It has...

This study empirically investigates the causal relationship between mineral exploration and environmental pollution in Nigeria with specific focus on natural gas and crude oil in Niger Delta region. The model of Granger causality tests was used. Quarterly data covering 2008 and 2009 were used in...

This paper argues that legally speaking, Turkish service recipients must be granted visa-free access to the EU. The freedom to provide services is covered by Article 41(1) Additional Protocol, and rights in this field should be extended as far as possible to Turkish nationals, as outlined in...

Shari'ah Maxims Modern Applications in Islamic Finance by Muhammad Tahir Mansoori is a second updated and revised edition of his previous work published under the same title in 2007. It is, perhaps, the first text book on Shari'ah maxims with modern application in Islamic finance. The author’s...

State involvement in the economy and society in general was and is still a fundamental problem, being approached by the all schools of economic thought. Its role was perceived differently from one historical stage to another and from one country to another, always constituting itself in a matter...

This paper aims to analyze theories developed both in favor and against privacy protection according to current practices in the West. In the paper, we will examine economic justifications for privacy protection as defined by American economists and jurists, as well as the advantages to be...

Geert Hofstede presented statistical evidence purporting to identify intercultural co-operation and its importance for survival in his scholarship work “cultures and organizations”. This article presents a study, which describes how differences in national culture can affect or influence the...

Under the VAT system of the European Union, domestic supplies of financial services are exempt. That exemption has significant drawbacks, not least of which is that it compromises the neutrality of the tax. In this article, the author indicates how, depending on government policy views,...

The rapid economic growth of the People’s Republic of China (PRC) over the last 30 years has generated many environmental problems and a concomitant rise in the number of environmental disputes. Until 1989, legal cases arising from these disputes were usually heard in the people’s courts of...