In 2016 and 2017, states continued their engagement with international investment law. A small minority of states displayed scepticism or tried to disengage themselves from their investment law obligations. This chapter addresses select institutional developments in international investment law...

We analyze a unique source of media data to assess the influence of different topics of corporate news on costs of financing for a sample of large European and US firms from 2006 to 2016. We distinguish between volume (number of news), tonality (positive, neutral, negative), source (financial...

This paper critiques the Global Administrative Law (GAL) initiative from a Third World perspective. The paper argues that, in the absence of a simultaneous critique and reform of substantive law, GAL has only limited potential to contribute to justice in the international system, and indeed may...

From Introductory Paragraph: Drawing on a background in republican thought, I have argued elsewhere that democracy should have an electoral and a contestatory aspect. I argued in a normative spirit that this two-dimensional ideal is more defensible and more commanding than the more common,...

As one of the unfair procedures, dumping acts as a tool for illegal competition used by some of enterprises in foreign market and it can destruct domestic production sectors of importer countries. Whereas general regulations of World Trade Organization (WTO) have emphasized on accepting of free...

The working hypothesis of international financial regulation is that it should be globally harmonized. This paper contends, to the contrary, that we should be wary about the efficacy of global harmonization, and in particular, harmonization of systemic risk measurement and regulation. The thesis...

On May 14, 2018, the United States Supreme Court struck down the federal prohibition on sports gambling. The sweeping opinion, authored by Justice Alito, ended more than a quarter-century old policy that kept states from offering sports gambling and therefore, sports betting was confined almost...

This article presents an analysis of how legislators on international, European and national level combat the financing of terrorism. The central question in this article is whether European regulations concerning the prevention of money laundering and the financing of terrorism, are effective,...

This paper, presented at the D-DebtCon 2020 sovereign debt panel, examines an innovative new contractual approach to help solve the holdout problem. That problem arises, for example, when certain hedge funds—known as vulture funds—buy distressed sovereign debt at pennies on the dollar and...

Shocks that hit part of the financial system, such as the subprime mortgage market in 2007, can propagate through a complex network of interconnections among financial and non-financial institutions. As the financial crisis of 2007-2009 has shown, the consequences for the entire economy of such...