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Full-Text Articles in Law

Sovereign Debt After Nml V. Argentina, W. Mark C. Weidemaier Dec 2012

Sovereign Debt After Nml V. Argentina, W. Mark C. Weidemaier

W. Mark C. Weidemaier

The conventional wisdom is that sovereigns repay their debts not because they fear litigation but because they wish to preserve their reputation in the capital markets or because they have some other incentive to repay. The ongoing case of NML Capital v. Argentina has the potential to shatter this consensus. A panel of the US Court of Appeals for the Second Circuit has approved a novel injunction, which requires Argentina to make full payment to holdouts who declined to participate in its post-2001 debt restructuring if the country intends to pay restructuring participants. The decision has caused market turmoil and …


The No Reading Problem In Consumer Contract Law, Ian Ayres, Alan Schwartz Dec 2012

The No Reading Problem In Consumer Contract Law, Ian Ayres, Alan Schwartz

Ian Ayres

Instead of attempting to promote informed consumer assent through quixotic attempts to have consumers read ever-expanding disclosures, this Article argues that consumer protection law should focus on ―term optimism‖ – situations in which consumers expect more favorable terms than they actually receive . We propose a system under which mass market sellers are required periodically to engage in a process of ―term substantiation‖ through which sellers would learn whether their consumers held accurate beliefs about the terms of their agreement. Terms that meet or exceed the median consumer‘s expectation would be enforceable even if buried or only available on request. …


Practical Considerations In Trade Secret Licensing, Maxim Tsotsorin Dec 2012

Practical Considerations In Trade Secret Licensing, Maxim Tsotsorin

Maxim Tsotsorin

In recent years, patents have become a prevalent instrument in technology transfer, both domestically and internationally. Commercializing patents, however, requires transfer of not only the potentially patentable subject matter, but collateral know-how as well. Despite apparent incompatibility of full disclosure required by patents with complete confidentiality of trade secrets that protect know-how, both categories of intellectual property are often combined in a “hybrid” license. Their synergy has been proven to result in successful transfer of technology and in benefiting both the licensee and the licensor. Licensors put their trade secrets at great risk of being lost or misappropriated by either …


Principles And Rules In The Emerging European Contract Law: From The Pecl To The Cesl, And Beyond, Pietro Sirena Dec 2012

Principles And Rules In The Emerging European Contract Law: From The Pecl To The Cesl, And Beyond, Pietro Sirena

Pietro Sirena

Legal principles play an important role in any system of law. Following the ECJ, the Treaties of the European Union have embraced the concept of "principles of law", mainly as a means to guarantee individual and human rights in public and constitutional law. More recently, however, the ECJ has come to recognize as "general principles" private law and contract law norms and values. Furthermore, the notion of "principles" has played a key-role in impressive unification works which are aimed at promoting harmonization of national laws in Europe, such as the PECL and the DCFR. The proposed CESL also opens with …


The Four Factor Test, Susan Freiwald Dec 2012

The Four Factor Test, Susan Freiwald

Susan Freiwald

No abstract provided.


La Pérdida Del Bien Cierto Y La Teoría Del Riesgo En La Relación Jurídica Obligatoria, Marco Andrei Torres Maldonado, Jorge Alberto Beltrán Pacheco Dec 2012

La Pérdida Del Bien Cierto Y La Teoría Del Riesgo En La Relación Jurídica Obligatoria, Marco Andrei Torres Maldonado, Jorge Alberto Beltrán Pacheco

Marco Andrei Torres Maldonado

No abstract provided.


La Falta De Legitimidad En Los Contratos Inoponibles, Rómulo Morales Dec 2012

La Falta De Legitimidad En Los Contratos Inoponibles, Rómulo Morales

Rómulo Martín Morales Hervias

No abstract provided.


Segmented Settlements Are Not The Answer: A Response To Professor Squire’S Article, How Collective Settlements Camouflage The Costs Of Shareholder Lawsuits, Christopher C. French Dec 2012

Segmented Settlements Are Not The Answer: A Response To Professor Squire’S Article, How Collective Settlements Camouflage The Costs Of Shareholder Lawsuits, Christopher C. French

Christopher C. French

In his recent article, Professor Richard Squire offers a provocative theory in which he claims the underlying claimants in shareholder litigation against corporate policyholders are overcompensated due to what he describes as “cramdown” settlements, under which insurers are forced to settle due to the “duty to contribute” that arises under multi-layered directors and officers (“D&O”) insurance programs. He also offers a novel idea regarding how this problem could be fixed by what he refers to as “segmented” settlements in which each insurer and the policyholder would be allowed to settle separately and consider only its own interests in doing so. …


Taxing Missy: Operation Gold And The 2012 Proposed Olympic Tax Elimination Act, Kathryn Kisska-Schulze, Adam Epstein Dec 2012

Taxing Missy: Operation Gold And The 2012 Proposed Olympic Tax Elimination Act, Kathryn Kisska-Schulze, Adam Epstein

Adam Epstein

The purpose of this article is to explore the legal and tax environment surrounding the August 1, 2012 bill referred to as the Olympic Tax Elimination Act (OTEA) which was introduced in the U.S. Senate to exempt from gross income the prize money earned by U.S. Olympians from the United States Olympic Committee (USOC) for earning a gold, silver or bronze medal. The OTEA came at a time when American economic growth has been stagnant, and income tax issues became a hotly contested political debate for the 2012 Presidential election. The article explores how tax issues have weaved their way …


Missouri Sports Law, Adam Epstein Dec 2012

Missouri Sports Law, Adam Epstein

Adam Epstein

The purpose of this paper is to present a brief perspective and overview on how individuals and teams associated with the state of Missouri have had an impact on sports law in general. This article synthesizes Missouri-related cases and decisions, demonstrating that the legal issues are quite broad and varied in this area of the law. Some represent significant state and federal sports law cases including those that have been initiated in or traveled through Missouri via the Eighth Circuit Court of Appeals.


Surveying Colorado Sports Law, Adam Epstein Dec 2012

Surveying Colorado Sports Law, Adam Epstein

Adam Epstein

The purpose of this article is to provide an overview and explore some of the major sports law cases that have emanated from within the four corners of the state of Colorado or maneuvered through Denver’s Tenth Circuit Court of Appeals. Colorado is a prime location for a wide range of cutting edge cases, decisions, discussions and events which have an impact on the relationship between sports and the law among the professional, amateur and recreational environments. Legal issues at Colorado-based educational institutions appear to have an affinity for and history of exposing and challenging the authority of NCAA policies.


The Property Platform In Anglo-American Law And The Primacy Of The Property Concept, Donald J. Kochan Dec 2012

The Property Platform In Anglo-American Law And The Primacy Of The Property Concept, Donald J. Kochan

Donald J. Kochan

This Article proposes that the property concept, when reduced to its basic principles, is a foundational element and a useful lens for evaluating and understanding the whole of Anglo-American private law even though the discrete disciplines—property, tort, and contract—have their own separate and distinct existence. In this Article, a broad property concept is not focused just on things or on sticks related to things but instead is defined as relating to all things owned. These things may include one’s self and all the key elements associated with this broader set of things owned—including the right to exclude, ownership, dominion, authority, …


Certainty Of Title: Perspectives After The Mortgage Foreclosure Crisis On The Essential Function Of Effective Recording Systems, Donald J. Kochan Dec 2012

Certainty Of Title: Perspectives After The Mortgage Foreclosure Crisis On The Essential Function Of Effective Recording Systems, Donald J. Kochan

Donald J. Kochan

Recording systems for property play a pivotal, market-facilitating role for the players engaged in any transaction, the judiciary that must resolve disputes between the players, and others members of the general public by informing each about the true nature of ownership of the real property things in the world. This symposium article explores the essential character of such systems in providing certainty of title, and takes a tour through the mortgage foreclosure crisis to see where adherence to and respect for these systems’ roles broke down. Leading up to the crisis, as securitization became vogue and the housing boom blurred …


Oportunidades Para Las Empresas Dentro De La Omc, Rodolfo C. Rivas Rea Esq. Dec 2012

Oportunidades Para Las Empresas Dentro De La Omc, Rodolfo C. Rivas Rea Esq.

Rodolfo C. Rivas

The author provides a brief overview of the World Trade Organization (WTO), the International Monetary Fund (IMF) and the World Bank (WB) by explaining the context of their interrelationship. Afterwards, the author delves into a brief analysis of Mexico’s role in the International Trade arena and concludes by describing the paths through which the private sector can benefit from the WTO.///////////////////////////////////////////////////////////////////////////////////////El autor pone en contexto la interrelación entre la Organización Mundial del Comercio (OMC) el Banco Mundial (BM) y el Fondo Monetario Internacional (FMI). Posteriormente, el autor describe brevemente el rol de México dentro de las instituciones de Comercio Internacional …


Religion's Footnote Four: Church Autonomy As Arbitration, Michael A. Helfand Dec 2012

Religion's Footnote Four: Church Autonomy As Arbitration, Michael A. Helfand

Michael A Helfand

While the Supreme Court’s decision in Hosanna-Tabor v. EEOC has been hailed as an unequivocal victory for religious liberty, the Court’s holding in footnote four – that the ministerial exception is an affirmative defense and not a jurisdictional bar – undermines decades of conventional thinking about the relationship between church and state. For some time, a wide range of scholars had conceptualized the relationship between religious institutions and civil courts as “jurisdictional” – that is, scholars converged on the view that the religion clauses deprived courts of subject-matter jurisdiction over religious claims. In turn, courts could not adjudicate religious disputes …


‘Jogalkotási Javaslatok Megfogalmazása A Jogtudományban’ [Policy Proposals And Legal Scholarship], Péter Cserne, György Gajduschek Dec 2012

‘Jogalkotási Javaslatok Megfogalmazása A Jogtudományban’ [Policy Proposals And Legal Scholarship], Péter Cserne, György Gajduschek

Péter Cserne

This is the manuscript of a chapter written for a Hungarian handbook on legal scholarship. It provides an historical overview and a theoretical defense of a policy oriented, in contrast to doctrinal, study of law. The chapter also provides an introduction to the foundations and methodological tools of public policy analysis, including regulatory impact assessment.


Capitalización De Intereses Y Cierre De La Cuenta Corriente Bancaria, Martin Paolantonio Dec 2012

Capitalización De Intereses Y Cierre De La Cuenta Corriente Bancaria, Martin Paolantonio

Martin Paolantonio

Se analiza la cuestión a propósito de un caso que llegó incluso a la Corte Suprema de Justicia de la Nación. Esencialmente, el tema pasa por la interpretación de la norma que autoriza la capitalización de intereses, sin una referencia expresa a su vigencia luego del cierre de la cuenta corriente bancaria.