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In the civil justice system, judges engage in case management and settlement promotion more than they do in trial and judgment. Despite the importance of judges’ role in settlement, its empirical depiction and jurisprudential theorization are lacking. This gap likely results from a key...
Persistent link: https://www.econbiz.de/10014115798
An endless literature exhorts us to ask whether international arbitrators have some sort of a duty or obligation to enforce rules of mandatory law. Such an abstract inquiry - untethered from the positive law implications of arbitral failure, or the pragmatic constraints that push individual...
Persistent link: https://www.econbiz.de/10014221403
Today, binding arbitration procedures are employed in a wider variety of contracts than at any time in our nation's history, and arbitration has become a wide-ranging surrogate for court trial of civil disputes. As a result, arbitration is subjected to unprecedented stresses and strains, and it...
Persistent link: https://www.econbiz.de/10014213117
The article analyses the fundamental premises of the differentiation between substantive and procedural rules in private international law and arbitration. The author opens the paper with the general differentiation between substantive and procedural rules and the reasons for such...
Persistent link: https://www.econbiz.de/10012986730
How should legal disputes be allocated between litigation and arbitration? Given strong incentives for many actors to arbitrate everything, the question turns fundamentally on the scope of arbitration under the applicable law. In "Re-Inventing Arbitration: How Expanding the Scope of Arbitration...
Persistent link: https://www.econbiz.de/10012920583
The aim of this study is to elucidate whether arbitration offers advantages compared to the patent litigation system which is currently existing in Germany. To answer this question three essential characteristics of the current German patent litigation system are presented, i.e. the economic...
Persistent link: https://www.econbiz.de/10014360286
Conflict is an inevitable facet of international relations. As much as the nations of the world work harmoniously in order to achieve their mutual interest, they also disagree as they strive to protect and preserve their individual national interests. Where conflict is inevitable and is part of...
Persistent link: https://www.econbiz.de/10014102393
We study the effect of alternative fee shifting rules on the probability of settlement when the defendant's liability is under dispute. Using a mechanism design approach we demonstrate that the probability of settlement is maximized by a particular Pleadings mechanism: Both parties are given the...
Persistent link: https://www.econbiz.de/10014119241
This paper develops a simple but general model of negative-expected-value (NEV) suit and settlement given symmetric information. Plaintiffs and defendants can choose when and to what extent they sink litigation costs through the use of retainers and detailed pleading. I demonstrate sharp...
Persistent link: https://www.econbiz.de/10012973073
This paper studies how litigation and settlement behavior is affected by agents motivated by spiteful preferences under the American and the English fee-shifting rule. We conduct an experiment and find that litigation expenditures and settlement requests are higher for more spiteful...
Persistent link: https://www.econbiz.de/10013555697