Spanish Abstract: En nuestro ordenamiento el arbitraje constituye un histórico y arraigado instituto heterocompositivo y potestativo de resolución de controversias coadyuvante de la jurisdicción que, sin embargo, parece estar hoy subestimado e, incluso, infravalorado en las instancias...

The development of collective redress in practice depends on the availability of adequate funding. In recent years third-party funding by entrepreneurial parties has become an important source of financing collective actions and settlements. Both at the EU level and in most of the Member States...

When a company suffers loss due to a wrongful act perpetrated against the company, the company’s shareholders suffer where the value of their shares or dividends decreases. However, in the UK and in Commonwealth jurisdictions, such shareholders have in principle no personal recourse against...

German Abstract: Dieser Beitrag zeigt, wie Gerichte und Anwälte mittels "Event Study"-Gutachten im Kontext des Kapitalmarkts die Kausalität zwischen einer Pflichtverletzung und einer Schädigung wesentlich zuverlässiger feststellen können, als dies in der bisherigen Rechtspraxis der Fall...

This paper examines the law and economics of third-party financed litigation. I explore the conditions under which a system of third-party financiers and litigators can enhance social welfare, and the conditions under which it is likely to reduce social welfare. Among the applications I consider...

If you represent a client in a mass tort product liability case, Multi-District Litigation will almost certainly affect the outcome of your client's claims. Congress created this tool with 28 U.S.C. §1407, which allows a panel of judges to centralize similar cases before a single federal judge...

In a pre-registered 2×2×2 factorial between-subject randomized lab experiment with 61 federal judges, we test if the law influences judicial decisions, if it does so more under a rule than under a standard, and how its influence compares to that of legally irrelevant sympathies. The judges...

In their seminal 1972 article, "Property Rules, Liability Rules, and Inalienability: One View of the Cathedral," Guido Calabresi and A. Douglas Melamed proposed an analytic framework for comparing entitlements protected by property rules and liability rules. Their article has become one of the...

The U.S. Chamber of Commerce uses its Survey of State Liability to criticize judiciaries and seek legal change but no detailed evaluation of the survey’s quality exists. This article presents evidence that the survey is substantively inaccurate and methodologically flawed. It incorrectly...

John Bronsteen, Christopher Buccafusco, and Jonathan Masur argue in Hedonic Adaptation and the Settlement of Civil Lawsuits, 108 Columbia Law Review 1516 (2008) that prolonged litigation allows tort victims to adapt emotionally to even permanent injuries, and hence those lawsuits are more likely...