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Given a choice between two systems of contract rules, a court or legislature may have a normative obligation to adopt … proposition through the lens of multiple contract doctrines that traditionally involve “messy” judgments or multiple interacting … differences between contract rules that require human analysis versus those that can be applied with strong reliability by …
Persistent link: https://www.econbiz.de/10012950600
Contracts serve an important function: allocation of risks. In achieving this function, contractual parties routinely include a force majeure clause in their contracts to be excused from performance in the face of a supervening event. But what events qualify to excuse performance and how have...
Persistent link: https://www.econbiz.de/10013240680
Given a choice between two systems of contract rules, a court or legislature may have a normative obligation to adopt … proposition through the lens of multiple contract doctrines that traditionally involve “messy” judgments or multiple interacting … differences between contract rules that require human analysis versus those that can be applied with strong reliability by …
Persistent link: https://www.econbiz.de/10012978335
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … transfer depending on whether a player has a valid contract or not. We show that the different systems differ only with respect … to the contract length if the contract which maximizes the expected joint surplus of the initial club and the player is …
Persistent link: https://www.econbiz.de/10013320665
Persistent link: https://www.econbiz.de/10001665182
We analyze the impact of three different transfer fee systems on payoffs, contract lengths, training and effort … a transfer depending on whether a player has a valid contract or not. We show that the different systems differ only … with respect to the contract length if the contract which maximizes the expected joint surplus of the initial club and the …
Persistent link: https://www.econbiz.de/10011405887
Persistent link: https://www.econbiz.de/10009666548
The European Commission has proposed a directive on ‘preventive restructuring frameworks' for financially distressed firms. I demonstrate that the proposal is flawed because it creates a refuge for failing firms that should be liquidated, because it rules out going concern sales for viable...
Persistent link: https://www.econbiz.de/10012965920
The UK Public Contracts Regulations 2015 entered into force on 26 February 2015. The 2015 Regulations transpose the 2014/24/EU which is designed to promote inter alia greater flexibility in public procurement. The UK has opted for expedited transposition of the Directive through the use of its...
Persistent link: https://www.econbiz.de/10013026135
The starting point of this contribution is the contractual character of public procurement and how contract design and … contract law influence sustainable public procurement practices. The specific question addressed is whether, and to what extent … to what extent attempts by private actors to improve regulation and enforcement by contract to further sustainability …
Persistent link: https://www.econbiz.de/10012904127