This report examines shifts in the pattern of production and employment between different countries and regions of Europe. Based on findings from a series of company case studies, it looks at the location of job creation and job destruction in multinational companies across the 25 EU Member...

Directed trusts have become a familiar feature of trust practice in spite of considerable legal uncertainty about them. Fortunately, the Uniform Law Commission has just finished work on the Uniform Directed Trust Act (UDTA), a new uniform law that offers clear solutions to the many legal...

This chapter summarizes the four areas of practical innovation of the Uniform Directed Trust Act (UDTA). The first is a careful allocation of fiduciary duties. The UDTA’s basic approach is to take the law of trusteeship and attach it to whichever person holds the powers of trusteeship, even if...

Over the course of 2008 and 2009, the world economy experienced one of the most serious recessions in modern times. In July 2009, 22 million men and women were unemployed throughout Europe, five million more than a year previously. Moreover, the situation may well still have further to play out:...

This report from the European Restructuring Monitor (ERM) looks at recent developments in the construction sector in different European countries. It highlights the way in which the sector is being affected by the current downturn, and how companies have responded to the crisis. The study also...