Fiduciary duties are critical to the integrity of a remarkable variety of relationships, including those between trustee and beneficiary, director and corporation, agent and principal, lawyer and client, doctor and patient, parent and child, and guardian and ward. Notwithstanding their variety,...

This paper presents an economic theory of property, tort, and contract law based on the goal of efficiently governing economic exchange relationships. In the theory, legal boundaries emerge endogenously in response to exogenous differences in the nature of the underlying transaction concerning...

This survey of recent developments includes reports about special legislation for the compensation of those affected by the spill of crude oil off the west coast of Korea from the tanker Hebei Spirit and revisions of the Commercial Code relevant to maritime law, in particular, those relating to...

This survey of recent developments includes reports on the new Rotterdam Rules intended to govern claims of damage or loss for goods carried by sea under bills of lading and new Institute Cargo Clauses for use in policies of marine insurance. Reports are also offered on the cases of Transfield...

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...

Throughout history, lotteries have been used in numerous legal contexts. However, legal theorists have rarely discussed the role of randomization in law, and have never done so systematically and comprehensively. Against this backdrop, the Article has three underlying goals. First, it fills the...

This paper provides an overview of some settled regulatory principles regarding public utilities in the United States, United Kingdom, Europe, and Chile. The main finding is that regulatory law has a strong economic component, which is recognised by national courts. This feature is intertwined...

The aim of this paper is to investigate whether the She oil company, through investment and crude oil exploration, benefits socio-economic growth in Nigeria in general and in the Niger Delta of Nigeria in particular. In 1998, the United Nations Special Rapporteur's report on Nigeria accused...

The second of a two-part "handbook" — the first has been simultaneously posted on author's SSRN page — this pithy article details the potential defenses available to financial institutions and the issues that all parties should be prepared to address when proposing or rebuffing a claim...

On Nov. 10, 1978, President Jimmy Carter signed a lightly amended version of House Resolution 14279 into law. Days later, Rhode Island's Fernand St. Germain made clear its primary purpose: the modernization of the existing bank regulatory system. Tucked within this bill lay the Electronic Funds...