The last decades have been characterized by a surge in Foreign Direct Investments (FDI) and the expansion of Global Production Networks as a new model of production. However, while hundreds of studies have been produced, little attention has been paid to the legal transformations that is taking...

Empirical research and conventional wisdom indicate that key determinants of a vibrant private equity market include a deep and liquid stock market, light tax regime, more tolerant insolvency law and functioning legal system. In a comparative law sense, China has a bank-centred capital market...