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With the rules of conduct of the MiFID being implemented in the national legal systems of the Member States, the question about the relationship between public law and private law is becoming ever more important. This contribution deals with the resulting interplay between market supervision and...
Persistent link: https://www.econbiz.de/10013132224
In this article it is argued that Scottish contract theory retains distinctive features which are not shared with the … Common Law. The origins of this theory lie in the ‘mixed' nature of its contract law, a mixture established principally … existence of a separate obligation of unilateral promise. It is argued that the nature of Scottish contract theory lends itself …
Persistent link: https://www.econbiz.de/10013116564
This paper analyzes the articles of the Draft Common Frame of Reference on anatocism and compares them with the current Spanish regulation. This paper examines how the concept of anatocism has been disfavored throughout history, how it was initially regulated and which have been the European...
Persistent link: https://www.econbiz.de/10013118828
The paper introduces the DCFR, which is essentially the draft of a future EU Code of Obligations and works a bit like the UCC in the USA, as a model commercial code. After a brief historic justification of the draft, there is a presentation of what the DCFR can and cannot do at the present time....
Persistent link: https://www.econbiz.de/10013108924
constitutes an independent tort. Increasingly, courts and commentators have relied on the theory of “efficient breach” to explain ….Efficiency also supports extending liability for punitive damages to those breaches that are, in theory, “efficient.” The threat of …
Persistent link: https://www.econbiz.de/10013086368
Persistent link: https://www.econbiz.de/10012894832
This paper aims to present some preliminary ideas about the potential benefits and costs arising from the process of European Contract Law harmonization for the functioning of the existing national Contract Laws, and in the end, for the welfare of European societies. Some of those benefits and...
Persistent link: https://www.econbiz.de/10012764154
Persistent link: https://www.econbiz.de/10012979117
Although American common law allows punitive damages for reckless or intentional torts, it will neither allow a jury to assess punitive damages for breach of contract nor permit enforcement of a contractual damages clause that is deemed to be punitive. This approach is rooted in an early...
Persistent link: https://www.econbiz.de/10013009315
Grotius and Von Savigny made a strict distinction between property law interests and contract law interests. This distinction still influences current European law systems, both continental and Anglo-Saxon. The Draft Common Frame of Reference (“DCFR”) also seems to build on the same...
Persistent link: https://www.econbiz.de/10013054005