Traditionally, consumer and data protection policies evolved from issues of consent and information disclosure. The purpose of these regulatory approaches is the protection of consumers by reducing some contracting failures, such as asymmetries of information and a lower bargaining power,...

A well-functioning corporate insolvency system can serve as a valuable tool to promote entrepreneurship, innovation, access to finance and economic growth. Therefore, if having an efficient insolvency framework is essential for any country, it becomes even more important for emerging economies...

The rise of new technologies has changed the operation, regulation and supervision of financial markets, bringing new challenges and opportunities for consumers, regulators and financial institutions. This article seeks to explore the most common regulatory strategies used by financial...

Most financial systems around the world have imposed new capital requirements for banks in the past years. This policy seems to be justified on two powerful economic grounds. First, better capitalized banks promote financial stability by reducing banks' incentives to take risks and increasing...

Most insolvency jurisdictions provide several mechanisms to reverse transactions entered into by a debtor prior to the commencement of the bankruptcy procedure. These mechanisms, generally known as claw-back actions or avoidance provisions, may fulfil several economic goals. First, they act as...

Spanish abstract: La apertura de las relaciones diplomáticas entre Cuba y Estados Unidos ha generado el interés de los inversores internacionales por el futuro de la isla. El presente trabajo tiene por objeto analizar el estado actual y los desafíos legislativos del Derecho empresarial...

The business judgment rule, as it has been traditionally understood, seems to be based on three underlying assumptions that make this rule economically desirable. First, directors are subject to a credible threat of being sued for a breach of the duty of care. Second, the primary role of the...

Spanish Abstract: La proyectada reforma de la normativa española de sociedades permite que las sociedades cotizadas puedan implementar acciones de lealtad. En esencia, estas acciones permitirán duplicar los derechos de voto de aquellos accionistas que permanezcan en la empresa durante un...

English Abstract: The low usage of bankruptcy procedures in Ibero-American countries has often been justified on the basis of a lack of a bankruptcy or entrepreneurial culture in these countries. However, we argue that the low rate of business bankrupties in these countries is mainly due to the...

Spanish Abstract: El sistema de etiquetado o calificación de deudores existente en el Derecho concursal español desde las Ordenanzas de Bilbao de 1737 resulta indeseable por varios motivos. En primer lugar, y desde una perspectiva ex ante, puede perjudicar el emprendimiento, la innovación, la...