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Commercial Law

2007

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Articles 1 - 30 of 36

Full-Text Articles in Law

Using The Unidroit Principles To Fill Gaps In The Cisg, John Y. Gotanda Oct 2007

Using The Unidroit Principles To Fill Gaps In The Cisg, John Y. Gotanda

Working Paper Series

The United Nations Convention on the International Sale of Goods (CISG) sets forth only a basic framework for the recovery of damages, thereby giving a court of tribunal broad authority to determine an aggrieved party’s loss based on circumstances of the particular case. Unfortunately, the lack of specificity has resulted in much litigation, and seemingly conflicting results. To remedy this problem, some have argued that the gaps in the CISG damages provisions should be filled with the UNIDROIT Principles of International Commercial Contracts. In this paper, I argue that the gap-filling rules of CISG preclude the UNIDROIT Principles from being …


State-Corporate Crime And The Paducah Gaseous Diffusion Plant, Alan S. Bruce, Paul J. Becker Oct 2007

State-Corporate Crime And The Paducah Gaseous Diffusion Plant, Alan S. Bruce, Paul J. Becker

Sociology, Anthropology, and Social Work Faculty Publications

While criminologists have for some time examined state and corporate crime as separate entities, the concept of state-corporate crime highlighting joint government and private corporate action causing criminal harm is a recent area of study with relatively few published case studies (Matthews and Kauzlarich, 2000). This paper focuses on state-corporate crime at the Paducah Gaseous Diffusion Plant (PGDP) in Paducah, Kentucky, and contributes to the study of state-corporate crime in three ways: (1) it adds a new case study to a field in which there are few published accounts, (2) it assesses the utility of Kauzlarich and Kramer’s (1998) integrated …


Section 5: Business, Institute Of Bill Of Rights Law, William & Mary Law School Sep 2007

Section 5: Business, Institute Of Bill Of Rights Law, William & Mary Law School

Supreme Court Preview

No abstract provided.


Ua12/2/1 College Heights Herald, Vol. 83, No. 3, Wku Student Affairs Sep 2007

Ua12/2/1 College Heights Herald, Vol. 83, No. 3, Wku Student Affairs

WKU Archives Records

WKU campus newspaper reporting campus, athletic and Bowling Green, Kentucky news.


Is Open Source Software The New Lex Mercatoria?, Fabrizio Marrella, Christopher S. Yoo Aug 2007

Is Open Source Software The New Lex Mercatoria?, Fabrizio Marrella, Christopher S. Yoo

All Faculty Scholarship

Early Internet scholars proclaimed that the transnational nature of the Internet rendered it inherently unregulable by conventional governments. Instead, the Internet would be governed by customs and practices established by the end user community in a manner reminiscent of the lex mercatoria, which spontaneously emerged during medieval times to resolve international trade disputes independently and autonomously from national law. Subsequent events have revealed these claims to have been overly optimistic, as national governments have evinced both the inclination and the ability to exert influence, if not outright control, over the physical infrastructure, the domain name system, and the content flowing …


The Leegin Decision: The End Of The Consumer Discounts Or Good Antitrust Policy?: Hearing Before The Subcomm. On Antitrust, Competition Policy, And Consumer Rights Of The S. Comm. On The Judiciary, 110th Cong., July 31, 2007 (Statement Of Robert Pitofsky, Geo. U. L. Center), Robert Pitofsky Jul 2007

The Leegin Decision: The End Of The Consumer Discounts Or Good Antitrust Policy?: Hearing Before The Subcomm. On Antitrust, Competition Policy, And Consumer Rights Of The S. Comm. On The Judiciary, 110th Cong., July 31, 2007 (Statement Of Robert Pitofsky, Geo. U. L. Center), Robert Pitofsky

Testimony Before Congress

No abstract provided.


The Cash Nexus, Carl E. Schneider Jul 2007

The Cash Nexus, Carl E. Schneider

Articles

Courts and legislatures have labored for decades to protect patients' choice of medical treatments, even though patients seize that gift less eagerly than lawmakers expect. Yet while courts have rushed to build the whited sepulchre of informed consent, they have fled from a related problem that patients actually yearn to solve and that actually can be ameliorated the plight of patients who perforce agree to a treatment before they know its costs and who receive a bill both unrelated to the treatment's value and several times what an insured patient would pay. Increasingly, patients must be consumers in the medical …


The Dialectical Regulation Of Rule 14a-8: Intersystemic Governance In Corporate Law, Robert B. Ahdieh May 2007

The Dialectical Regulation Of Rule 14a-8: Intersystemic Governance In Corporate Law, Robert B. Ahdieh

Faculty Scholarship

In recent years, Rule 14a-8 of the Securities Exchange Act - first adopted more than sixty years ago to increase shareholder participation in corporate governance - has been the subject of a flurry of litigation, scholarly analysis, and SEC rulemaking. Most recently, following several years of debate, the SEC issued a significant clarification of the rule, reversing the Second Circuit's hotly contested interpretation of it in AFSCME v. AIG. For the most part, the debates surrounding Rule 14a-8 - including in the latter case - have focused on the scope of the rule's exceptions. This paper, selected for reprinting in …


The Expressive Function Of Directors’ Duties To Creditors, Jonathan C. Lipson Apr 2007

The Expressive Function Of Directors’ Duties To Creditors, Jonathan C. Lipson

All Faculty Scholarship

This Article offers an explanation of the “doctrine” of directors’ duties to creditors. Courts frequently say—but rarely hold—that corporate directors owe duties to or for the benefit of corporate creditors when the corporation is in distress. These cases are puzzling for at least two reasons. First, they link fiduciary duty to priority in right of payment, effectively treating creditors as if they were shareholders, at least for certain purposes. But this ignores the fact that priority is a complex and volatile concept. Moreover, contract and other rights at law usually protect creditors, even (especially) when a firm is distressed. It …


The Calamitous Law Of Notes, Neil B. Cohen Jan 2007

The Calamitous Law Of Notes, Neil B. Cohen

Faculty Scholarship

No abstract provided.


Counterintuitive Thoughts On Legal Scholarship And Secured Transactions, Heather Hughes Jan 2007

Counterintuitive Thoughts On Legal Scholarship And Secured Transactions, Heather Hughes

Articles in Law Reviews & Other Academic Journals

No abstract provided.


How To Create A Commercial Calamity, Robert A. Hillman Jan 2007

How To Create A Commercial Calamity, Robert A. Hillman

Cornell Law Faculty Publications

There are many ways to define a legal calamity. For example, a grossly unfair or inefficient law constitutes a legal calamity. A law that produces serious and deleterious unintended effects, such as effects opposite from those intended, is another kind of legal calamity. A law that is so imprecise and confusing that judges do not know how to apply it and lawyers do not know how to advise their clients is still another example of a legal calamity, which I focus on in this paper. Because this paper is a contribution to a symposium on commercial legal calamities, my example …


Reality, Theory, And A Make-Believe World: The Fundamentalism Of The Free Market, Colin Crawford, Daniel Bonilla Maldonado, Carmen G. Gonzalez Jan 2007

Reality, Theory, And A Make-Believe World: The Fundamentalism Of The Free Market, Colin Crawford, Daniel Bonilla Maldonado, Carmen G. Gonzalez

Publications

The papers collected in this Symposium issue represent a wide range of disciplines, positions and philosophies, and reflect the views of scholars from five countries (Argentina, Brazil, Colombia, the United States and Venezuela).

These papers reflect a range of thinking about the "freedom" that the free market is said to bring, from deeply analytical reflections to more focused case studies. In this, they reflect an equally rich series of panels and discussions that happened over three days spent in Bogota, in May 2006. These conversations, held in the comfortable surroundings of the tranquil campus of the Universidad de los Andes, …


Parol Evidence Under The Cisg: The "Homeward Trend" Reconsidered, 68 Ohio St. L.J. 133 (2007), Karen H. Cross Jan 2007

Parol Evidence Under The Cisg: The "Homeward Trend" Reconsidered, 68 Ohio St. L.J. 133 (2007), Karen H. Cross

UIC Law Open Access Faculty Scholarship

The CISG has been described as one of history 's most successful attempts to harmonize international commercial law. Consistent with its goal of harmonizing the law of international sales, Article 7(1) of the CISG instructs courts and arbitrators to interpret the Convention in light of "its international character and the need to promote uniformity in its application. " MCC-Marble v. Ceramica Nuova D'Agostina is a U.S. decision that has been praised for its adherence to Article 7(1). In contrast with conventional academic commentary, which praises MCC-Marble and criticizes the tendency of courts to interpret the CISG in light of their …


Rational Retroactivity In A Commercial Context, David Frisch Jan 2007

Rational Retroactivity In A Commercial Context, David Frisch

Law Faculty Publications

This Article focuses on the commercial law context. While transition issues have previously received scant attention, this area of the law is proceeding at an accelerating rate, making transition policy crucially important at this time. In particular, this Article will consider the plausibility and implications of a retroactivity norm in the commercial law context by examining the recent revisions and amendments to Articles 1 and 2 of the Code. Two claims will be advanced: The incentive-based analysis of retroactivity issues in other contexts does not necessarily comport with the realities of commercial law, and consideration of both expectations and incentives …


El Desarrollo Del Arbitraje Comercial Internacional: Sofisticacion O Complejdad, Horacio A. Grigera Naón Jan 2007

El Desarrollo Del Arbitraje Comercial Internacional: Sofisticacion O Complejdad, Horacio A. Grigera Naón

Articles in Law Reviews & Other Academic Journals

No abstract provided.


Can China Promote Electronic Commerce Through Law Reform? Some Preliminary Case Study Evidence, Jane K. Winn, Song Yuping Jan 2007

Can China Promote Electronic Commerce Through Law Reform? Some Preliminary Case Study Evidence, Jane K. Winn, Song Yuping

Articles

The government of the People’s Republic of China (P.R.C.) has announced its intention to make China a global leader in innovation by 2020. Many Chinese business leaders share this goal. The primary focus of this national strategy is to transform China into an exporter of high-technology products based on Chinese designs rather than merely a low cost, high volume manufacturer of products based on technology developed in other countries.

This paper will examine the implications for this strategy with regard to the use of computerized management information systems by Chinese businesses, and its relationship to recent law reform efforts intended …


Developments In Payment Systems Law 2005-2006, Mark E. Budnitz Jan 2007

Developments In Payment Systems Law 2005-2006, Mark E. Budnitz

Faculty Publications By Year

No abstract provided.


Applicable Law Provisions In International Uniform Commercial Law Conventions, Paolo E. Conci Jan 2007

Applicable Law Provisions In International Uniform Commercial Law Conventions, Paolo E. Conci

LLM Theses and Essays

The development of international trade requires predictability and uniformity of the applicable legal framework. Such requirements can be satisfied by means of international uniform commercial law conventions, which try to set forth coherent and uniform bodies of substantial rules. A key role is also played by private international law, an instrument operating at a different level but often included in the uniform conventions themselves. This paper analyzes the relationship between international uniform commercial law conventions and private international law to investigate how it has developed over the last seventy years, and suggests a new approach to international commercial transactions in …


Judicial Review Of International Commercial Arbitral Awards By National Courts In The United States And India, Aparna D. Jujjavarapu Jan 2007

Judicial Review Of International Commercial Arbitral Awards By National Courts In The United States And India, Aparna D. Jujjavarapu

LLM Theses and Essays

Article V of the New York convention lays down the provisions under which the recognition and enforcement of an arbitral award may be refused. The United States and India are signatories to the Convention. Section 10(a) of the Federal Arbitration Act in the United States limits the scope of judicial review of the arbitral awards to a clear list of grounds of vacatur. The national courts of the United States have recognized several non-statutory grounds of which "manifest disregard of the law" as a standard of review is the focus in this thesis. In fact, the state of Georgia has …


The Need For A Transnational Appellate Arbitral Review Body, Priya Sampath Jan 2007

The Need For A Transnational Appellate Arbitral Review Body, Priya Sampath

LLM Theses and Essays

This thesis analyzes the necessity for the establishment of a transnational body of arbitral appeal. The paper also elaborates on how the establishment such a body will serve as a suitable replacement for judicial review and be an effective source of appeal in general. Also prescribed are suggestions based on which the appellate body may be conceived.


Boilerplate And Economic Power In Auto-Manufacturing Contracts, Omri Ben-Shahar, James J. White Jan 2007

Boilerplate And Economic Power In Auto-Manufacturing Contracts, Omri Ben-Shahar, James J. White

Book Chapters

This chapter examines the boilerplate contracts used by auto makers to procure parts from suppliers. It identifies drafting and negotiation techniques that are used to secure advantageous terms. It also explores some prominent specific arrangements as evidence that firms with bargaining power are exploiting their position to dictate self-serving but inefficient terms. Finally, it shows how standard contractual clauses solve the problem of ex-post hold-up by suppliers.


How To Create A Commercial Calamity, Robert A. Hillman Jan 2007

How To Create A Commercial Calamity, Robert A. Hillman

Cornell Law Faculty Publications

This Article briefly catalogs the kinds of commercial calamities and then focuses on one of them, namely laws that are so imprecise and ambiguous that judges do not know how to apply them, and lawyers cannot explain them. The Article illustrates the problem with Uniform Commercial Code (UCC) section 2-209, dealing with contract modification and waiver. The paper does not focus on the ambiguities and obfuscations of section 2-209, but on the strategy of lawmaking that inevitably produces such a result. The drafters of section 2-209 ambitiously sought to reform the law, but then lost their nerve. In short, they …


The True Lex Mercatoria: Private Law Beyond The State, Ralf Michaels Jan 2007

The True Lex Mercatoria: Private Law Beyond The State, Ralf Michaels

Faculty Scholarship

Is there an anational lex mercatoria, a "global law without a state?" The debate seems infinite. Some argue that the rules, institutions, and procedures of international arbitration have now achieved a sufficient degree both of autonomy from the state and of legal character that they represent such an anational law. Others respond that whatever law merchant may exist is really state law—dependent on national norms and the freedom of contract they provide, and on the enforceability of arbitral awards by national courts. This paper suggests that the dichotomy of anational law and state law is false. Although an anational law …


Classified Boards And Firm Value, Michael D. Frakes Jan 2007

Classified Boards And Firm Value, Michael D. Frakes

Faculty Scholarship

Classified boards constitute one of the most potent takeover defenses for U.S. firms today. However, as with takeover defenses more generally, economic theory offers an ambiguous prediction as to the effect that classified boards have on bottom-line firm value. A resolution of this ambiguity will require sound and convincing empirical methodology. In an effort to address limitations in the existing empirical literature, this article approaches the relationship between corporate governance and firm value while taking various measures to account for unobserved sources of heterogeneity across firms. Using the instrumental variables model developed by Hausman and Taylor, I find evidence of …


E-Commerce In Wine, J. Alexander Tanford Jan 2007

E-Commerce In Wine, J. Alexander Tanford

Articles by Maurer Faculty

No abstract provided.


Market Failure In The Marketplace Of Ideas: Commercial Speech And The Problem That Won't Go Away, Tamara Piety Jan 2007

Market Failure In The Marketplace Of Ideas: Commercial Speech And The Problem That Won't Go Away, Tamara Piety

Articles, Chapters in Books and Other Contributions to Scholarly Works

No abstract provided.


The Consumer Compromise In Revised U.C.C. Article 9: The Shame Of It All, Charles W. Mooney Jr. Jan 2007

The Consumer Compromise In Revised U.C.C. Article 9: The Shame Of It All, Charles W. Mooney Jr.

All Faculty Scholarship

No abstract provided.


The Separation Of Business And State, Timothy K. Kuhner Jan 2007

The Separation Of Business And State, Timothy K. Kuhner

Faculty Publications By Year

National scandals involving corporate fraud, political corruption, lobbyists, and campaign finance have called attention to worrisome dynamics: the decreasing power of natural persons relative to legal persons in the political process; and the erosion of civic or democratic values in favor of corporate values. Both dynamics relate to the vexing problem of money in politics. American political thought and constitutional structure offer much-needed guidance in the form of analogies and separationist logic.

This Essay recasts the phenomenon of money in politics as a separation problem that is, a problem of the private sphere of business overreaching into the public sphere …


Developments In The Law Concerning Stored-Value Cards And Other Electronic Payments Products, Sarah Jane Hughes, Stephen T. Middlebrook, Broox W. Peterson Jan 2007

Developments In The Law Concerning Stored-Value Cards And Other Electronic Payments Products, Sarah Jane Hughes, Stephen T. Middlebrook, Broox W. Peterson

Articles by Maurer Faculty

No abstract provided.