Public procurement rules were introduced in the European legal system as a device mainly intended to help build an effective internal market where competition is not distorted, in search for economic development. According to the supporting Cecchini Report, increasing cross-border competition...

This paper provides a critical assessment of the Feasibility study concerning the actual implementation of a joint cross-border procurement procedure by public buyers from different Member States prepared by BBG-SKI for the European Commission. The paper submits that the study provides some...

The World Bank Group, which commits tens of billions of dollars to funding projects in the developing world every year, is revising its procurement guidelines. The Bank's procurement guidelines are intended to ensure that procurements on Bank-financed projects are carried out efficiently and...

In December of 2011, the Parties to the World Trade Organization Government Procurement Agreement (GPA) adopted significant revisions to the Agreement. The revised Agreement comprises (a) a much-needed modernization of the text of the Agreement, (b) an expansion of related market-access...

The Uniform Premarital Agreement Act raised the promise of greater individual freedom in defining intimate relationships. This promise, however, was never realized. Due to a number of practical rather than legal constraints, prenuptial agreements remain rare. Postnuptial agreements contracts...

Investors do not physically hold their investment securities any more. Securities are held and transferred through a complex, sophisticated, and international network of financial intermediaries, including central securities depositories, investment banks, and brokers-dealers. Investors buy and...

The conferral of jurisdiction in matters of insurance according to Section 3 of Chapter II of the Regulation 44/2001 (Brussels I) is designed in view of protecting the weaker party who is granted the forum actoris advantage prescribed by Art. 9 par. 1b) of the Regulation. It should be borne in...

This article uses the example of one of the best-known global payment systems provided by an online platform, PayPal, to analyze the role of private legal orders in creating new markets beyond jurisdictional borders. It shows that a relatively uniform legal order reduces risks involved in...