This study analyzes the effectiveness of the Market Abuse Directive (MAD) in reducing possible profits from insider trading during takeover bids. Exploiting the quasi-experimental setting provided by the introduction of the MAD, our event-study analysis on the Italian market suggests that the...

The TRIPS Agreement, administered by the World Trade Organisation, ensures the smooth functioning of the international patent system. It promises among others that local and foreign firms are treated in the same, non-discriminatory manner. We test for whether national treatment has been upheld...

Catastrophes including the COVID19 pandemic of 2019-2020 impose great financial stress on consumers. This op-ed proposes the distribution of economic relief directly to consumers by authorizing credit card issuers to bill Congress for portions of the interest that otherwise would be charged to...

The personal benefit element of the tipping violation established in Dirks v. SEC has been misunderstood. Courts, the Securities and Exchange Commission, and criminal prosecutors have broadly construed it to create liability for insiders who received remote, speculative, immaterial, or...

The worst financial and economic crisis to hit the world's richest economies since the Great Depression inspired a flood of scholarship that straddled the disciplines of law and macroeconomics. With few exceptions, this crisis scholarship did not set out to build a new interdisciplinary movement...

This review synthesizes key perspectives and trends in research and practice on the topic of auditor litigation, beginning with the immediate post-SOX era and ending in 2019. Although fears of catastrophic auditor liability in this period have not yet materialized, audit firms may be facing new...

Consumers are drowning in a sea of one-sided fine print. To combat contractual overreach, consumers need an arsenal of effective remedies. To that end, the doctrine of unconscionability provides a crucial defense against the inequities of rigid contract enforcement. However, the prevailing view...

Most international Investors do not have familiarity with political risk insurance. The basic reason is that they do not understand the risks inherent in international investment, and therefore do not realize how these risks can be insured against by PRI. Thus, the article sets out 10 categories...

This paper aims to inform banks, consumers, researchers, consumer protection organizations and other stakeholders for the importance of these regulations as well as raising some other related issues to be addressed for the protection of mortgage loan consumers. In 2014, EU political reasoning...

This chapter examines the ways in which the European Union (EU) has reacted to panel and Appellate Body Reports of the World Trade Organization (WTO). The rejection of direct effect of WTO law and jurisprudence by the Court of Justice of the European Union (ECJ) left to the EU's political organs...