This is a survey of economic analysis of law, that is, of the emerging field under which the standard tools of microeconomics are employed to identify the effects of legal rules and their social desirability. Five basic subject areas are covered. The first is legal liability for harm. Here we...

The mechanism of Investor-State Dispute Settlement (ISDS) allows private foreign investors to challenge government measures before an ad hoc international arbitral tribunal. ISDS has been in existence for a long time. Yet recently this mechanism has proven very controversial, notably in the...

Für die wirtschaftliche Entwicklung ist die verlässliche Durchsetzung von Forderungen im Geschäftsverkehr eine unerlässliche Voraussetzung. Die Nachfolgestaaten der Sowjetunion mussten und müssen einen weiten Weg bei der Umgestaltung der Staatsarbitrage in eine rechtsstaatlichen Ansprüchen...

This paper examines the role of experts from both a United Kingdom and North America perspective. The paper starts by pointing out the important role of expert evidence in assisting the tier of fact. The distinction between accountants as fact witnesses and as expert witnesses is identified. The...