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European Contract Law And Economic Welfare: A View From Law And Economics, Fernando Gómez
European Contract Law And Economic Welfare: A View From Law And Economics, Fernando Gómez
Fernando Gómez Pomar
The current enterprise of designing and making politically feasible a European Contract Law requires more ambitious goals than just introducing technical improvements in the acquis and smoothing the functioning of the internal market. The paper presents a position of the substantive goals of European Contract Law, from an economic approach to legal rules and institutions, linked to the promotion of the joint economic welfare of the contracting parties. In this respect, economic thinking tends to be more sceptical concerning the ability of Contract Law to bring about wealth redistribution policies than most legal scholars are. In the paper, the optimal …
La Eficacia Del Deber De Pasividad De Los Administradores Sociales En Presencia De Una Opa: Mecanismos Privados Frente A Públicos, Fernando Gómez
La Eficacia Del Deber De Pasividad De Los Administradores Sociales En Presencia De Una Opa: Mecanismos Privados Frente A Públicos, Fernando Gómez
Fernando Gómez Pomar
El éxito o fracaso de una opa está fuertemente condicionado por la actitud de los administradores de la sociedad target. Su activismo contra la opa, o su pasividad, suelen ser factores claves en el resultado final. La Directiva de opas y el Derecho español -ambos por inspiración del Derecho inglés- sujetan a los administradores a un deber de pasividad, fuertemente contestado, sin embargo, en distintos países y por amplios sectores de la literatura. En este trabajo se defiende que el deber de pasividad constituye -como regla general dispositiva, excepcionable singularmente por los accionistas de la sociedad target- una pieza difícilmente …
The Directive On Unfair Commercial Practices: A Law And Economics Perspective, Fernando Gómez
The Directive On Unfair Commercial Practices: A Law And Economics Perspective, Fernando Gómez
Fernando Gómez Pomar
Directive 2005/29 on unfair commercial practices constitutes an ambitious attempt at building a general regulatory framework for firm actions towards consumer in the marketplace. The declared objectives of the Directive, namely consumer protection and eliminating barriers for the internal market, do not seem to provide enough support for such an overreaching legal intervention. The paper explores whether other rationales can justify the new rules and critically examines the scope and the tools to determine unfairness in commercial practices. From an efficiency perspective, Directive 2005/29, although not devoid of merit and interesting solutions, is lacking both in terms of over-optimism in …
Compensation After Termination Of Long-Term Distribution Contracts: An Economic Perspective Of Eu Law, Fernando Gómez
Compensation After Termination Of Long-Term Distribution Contracts: An Economic Perspective Of Eu Law, Fernando Gómez
Fernando Gómez Pomar
Termination and compensation after termination are two of the most relevant –albeit not the only ones- dimensions of the long-term contracts through which distribution chains are formed and structured. The EC rules that establish a regime of compensation after termination are studied in this paper, in particular, the Commercial Agents Directive. Then, compensation after termination is analysed from the economic perspective, highlighting the importance of the open-ended nature of a relationship, termination as a disciplining mechanism against non-verifiable breach of distribution contracts, the problem of specific investments and the covenants not to compete. The contrast of the examined EC rules …