Law Commons^™

Insurance In The People's Republic Of China: Laws And Practice, Henry R. Zheng

Vanderbilt Journal of Transnational Law

The insurance industry in the People's Republic of China (PRC) has expanded rapidly during the past several years. Since the end of 1979 when domestic insurance was reestablished, the income generated from insurance business has been increasing at a rate of over forty-four percent annually.' By early 1987, over 500,000 enterprises and business entities utilized property insurance and about 34 million people purchased personal insurance; during the first half of 1986 the total insurance earnings from the People's Insurance Company of China alone reached a record high of over 2.33 billion yuan. In the meantime, the insurance business has become …

Recent Decision, Barbara K. Caldwell

Vanderbilt Journal of Transnational Law

CONSTITUTIONAL LAW--Commerce Clause--State Taxation of Aviation Fuel Used Exclusively in Foreign Commerce is Not Preempted by the Federal Aviation Act and is Not Invalid Under the Japan Line Doctrine of the Foreign Commerce Clause. "Wardair Canada, Inc. v. Florida Department of Revenue", 106 S. Ct. 2369 (1986).

Dialing For Foreign Telecommunications Market Access: Is The United States Getting A Busy Signal From Japan?, Robert E. Boone, Iii

Vanderbilt Journal of Transnational Law

Japan is one country that appears to be following United States policies. On April 1, 1985, the Japanese Government converted Nippon Telegraph and Telephone Public Corporation (NTT) from a government-run, publicly-held corporation into a private entity. Japan adopted the Electric Telecommunication Business Act in December 1984 to create an environment in which private entities can compete. The full extent to which the Japanese Government intends to open its market to non-Japanese firms remains unclear. This Note will discuss the development of Japanese telecommunications policy and the current United States tele-communications policy with respect to market access. The Note then will …

International Monetary Fund Conditionality And Options For Aggrieved Fund Members, Brian Trubitt

Vanderbilt Journal of Transnational Law

The International Monetary Fund (the IMF or the Fund) was created to assist in stabilizing rates of currency exchange. Each country is able to achieve stability only by balancing the amount of local currency flowing out against the amount of foreign currency flowing in. When exchange rates are stable, capital can flow more easily to places where it can be most efficiently utilized, thus raising the worldwide level of prosperity.

Unfortunately, the process of adjustment from imbalance to balance entails some sacrifices. A country with an imbalance must eliminate the excess of imports over exports. The IMF has the power …

Validity Of Contracts Under The United Nations Convention On Contracts For The International Sale Of Goods, Christoph R. Heiz

Vanderbilt Journal of Transnational Law

Under article 4(a) of the CISG, domestic law governs if a sales contract's validity is at issue.' One must consult the conflict of laws provisions of private international law to determine which domestic law is applicable.

In contrast to the Convention, the Swiss Code of Obligations as well as relevant Swiss literature and jurisprudence clearly address the issue of contractual validity. Swiss contract law's error provisions are characterized as contract validity rules. If, for instance, a buyer claims that he erred on a certain fact that was a necessary basis for him to enter into an international sales contract under …