In a Doing Business report published by the World Bank, the following statement was suggested: “From the economic point of view, common law is more efficient than civil law”. The objective of this research paper is to weigh two legal systems (French civil law and the U.S. common law) and...

The purpose of this paper is to demonstrate that current French international public policy no longer condemns punitive damages by principle. French substantive law is discussed before being evaluated how it fits into comparative and international perspectives

The paper first analyzes where France stands in the global picture, and then describes how it is trying to keep the current financial crisis in check. The 2008 French Bank Relief Act created both a financing company and a recapitalization company to help financial institutions via a government...

The bankruptcy of bankruptcy proceedings! This is the traditional play on words used by commentators of the various reform bills of French bankruptcy rules. After the reform of 1967, of 1984/85, and of 1994, the Parliament is currently reviewing a draft government proposal dated May 12, 2004...

From the economic point of view, common law is more efficient than civil law. Is this recent statement published in an economic report valid for mergers and acquisitions (M&A)? The main objective of this paper is to compare the legal performance of M&A in France and in the United States. The...

The paper describes the trend towards availability of provisional measures in international law. It then shows that there is a need for provisional measures in the WTO dispute resolution mechanism. Examples of provisional measures available at other international institutions are discussed. In...

When asked whether French law admits punitive damages, Professor Durry, a prominent French academic, responded: "No, No, and No!; three times No! But..." These few words seem to pretty much illustrate where French law stood several years ago regarding punitive damages. In French legal...

This paper investigates the problem relocation of sportsmen and women who emigrate in order to intentionally avoid French taxation. These tax rules have an international scope and are analyzed under the heading "International Tax." A second set of rules vary from staggering sports revenue, rules...

European company and financial law and regulation have been evolving over time along with business and financial practices. The resulting ‘social licence’ established by company and financial law and regulation aimed to balance the granted privileges of limited liability and share...