Law Commons^™

Governmental Power Versus Individual Liberty, Vincent R. Johnson

Faculty Articles

Father, Son, and Constitution by Alexander Wohl is a major contribution to legal scholarship. This dual biography focuses on two public figures, each of whom played a leading role in addressing the most challenging legal questions of their day. The subjects of the book are Supreme Court Justice Tom C. Clark and his son Ramsey Clark, the most liberal attorney general in American history. The Clarks’ stories are told against a backdrop of the continuing American struggle to find the proper balance between governmental power and individual liberty.

The public careers of Tom and Ramsey Clark were largely sequential, but …

International Financial Law: The Case Against Close-Out Netting, Vincent R. Johnson

Faculty Articles

In financial transactions today, a practice called “close-out netting” plays a key role in controlling and allocating risks. If anchored in the parties’ chosen contractual language and recognized by law, close-out netting can circumvent normal bankruptcy processes by providing for the acceleration of mutual obligations and the efficient calculations and settlement of the net balance. When correctly implemented, close-out netting can eliminate the risk that arises under ordinary bankruptcy principles.

Despite the support for close-out netting by lenders, scholars, regulators, and policy makers, a few attentive observers of financial law argue that close-out netting is unsound, and the argument against …

The Great Charter, Vincent R. Johnson

Faculty Articles

A look at the history and legacy of the Magna Carta elucidates the many ways in which it shaped American jurisprudence and the law of Texas. The Magna Carta is held in high regard because the unknown drafters understood the importance of legal principles, fair procedures, proportional punishment, official accountability, and respect for human dignity. Its unquestionable commitment to the primacy of legal principles and anticipation of the development of judicial ethics significantly influenced and contributed to the construction and content of the Texas Constitution, Bill of Rights, and many Texas cities’ ethics codes. Although it was intensely focused on …

The Magna Carta And The Expectations It Set For Anglo-American Law, Vincent R. Johnson

Faculty Articles

The Magna Carta has an impressive legacy in modern legal thought. The Magna Carta illuminated the importance of legal principles, fair procedures, proportional punishment, official accountability, and respect for human dignity that shaped the development of the law in England and America for centuries. While only four of the original sixty-three provisions in the 1215 Magna Carta are still good law in the United Kingdom, analysis shows that at least thirty of these reflect concerns that are still central today. Though it did not provide for full equality, as it maintained many of the medieval restrictions on the freedoms of …

The Ancient Magna Carta And The Modern Rule Of Law: 1215 To 2015, Vincent R. Johnson

Faculty Articles

This article argues the text of the Magna Carta, now 800 years old, and reflects many of the values that are at the center of the modern concept of the Rule of Law. A careful review of its provisions reveals the Magna Carta demonstrates a strong commitment to the resolution of disputes based on rules and procedures that are consistent, accessible, transparent, and fair; and to the development of a legal system characterized by official accountability and respect for human dignity.