The Role Of National Recapitalization Funds In Sovereign Lending,
2026
European Stability Mechanism
The Role Of National Recapitalization Funds In Sovereign Lending, Elena Gabriela Olariu, Konstantina Panagopoulou Perez
Journal of Financial Crises
The Global Financial Crisis of 2007–2009 showed that a substantial portion of funds borrowed by a state from a lender of last resort may be allocated to bank recapitalization. While national recapitalization funds are not themselves borrowers, they play a key role in recovery operations. This article analyses how lenders, such as the European Stability Mechanism (ESM) and the European Financial Stability Facility (EFSF), incorporate recapitalization funds into their lending framework and how they deal with extraordinary events, such as corporate transformations or liquidation of these funds. To do this, we formulate three key principles that a lender may consider …
الفائدة,
2026
Saint Joseph University of Beirut
La Position Contractuelle Sur Les Marchés Financiers,
2026
Saint Joseph University of Beirut
La Position Contractuelle Sur Les Marchés Financiers, Gisèle Zouein
Proche-Orient, Études juridiques
No abstract provided.
Le Droit Au Travail Dans Les Pays Du Moyen-Orient,
2026
Saint Joseph University of Beirut
Le Droit Au Travail Dans Les Pays Du Moyen-Orient, Georges Kadige
Proche-Orient, Études juridiques
No abstract provided.
The Teaching Of Human Rights In The Arab World,
2026
FSJES Ain Chock, Hassan II University of Casablanca
The Teaching Of Human Rights In The Arab World, Khadija Elmadmad
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
For a long time, human rights were a taboo subject in most Arab countries. Only ten Arab states have ratified the International Covenant on Civil and Political Rights, and most fail to submit reports on time. No Arab country has adhered to the 1984 Convention against Torture. Despite an abundance of draft projects and declarations, no binding human rights instrument exists in the region. However, a recent trend toward promotion and teaching of human rights has emerged, with several seminars and conferences organised, including events in Cairo, Kuwait, and preparations for the 1987 World Congress on Human Rights Teaching in …
Note On The Thesis Of Mr. Mohammed El Faiz: "Economic And Agrotechnical Conceptions In The Book Of 'Nabatean Agriculture' — Research On The Origins Of Arab-Muslim Rural Thought",
2026
FSJES Ain Chock, Hassan II University of Casablanca
Note On The Thesis Of Mr. Mohammed El Faiz: "Economic And Agrotechnical Conceptions In The Book Of 'Nabatean Agriculture' — Research On The Origins Of Arab-Muslim Rural Thought", Mostafa Qarouach
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Mr. Mohammed El Faiz's doctoral thesis presents a vast, multidisciplinary investigation into the origins of Arab-Muslim rural thought through a close analysis of the Book of Nabatean Agriculture, an agricultural economics text from pre-Islamic Iraq compiled by Qutama in the 3rd–4th centuries. The research extends beyond agronomy to encompass history of science and technology, modes of production, farm management, human resource economics, foreign trade, and food economics. Faithful to the legacy of the late Belal A., El Faiz aims to identify the scientific heritage of Arab-Muslim civilisation and integrate it into a contemporary economic development strategy.
Administrative Control Of Public Finances: A System In Crisis,
2026
UH2C Press
Administrative Control Of Public Finances: A System In Crisis, Mustapha El Ktiri
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Administrative control of public finances is a fundamental prerogative of state authority, ensuring sound management of public funds within the framework of the separation of powers. This control serves a dual purpose: political and legal justification—ensuring respect for parliamentary authorisation regarding public revenues and expenditures—and technical or administrative justification—guaranteeing efficient financial management and good financial order. The author examines how this control system, rooted in classical theory, now faces a crisis. The analysis highlights tensions between traditional control mechanisms and contemporary challenges, questioning whether the current system remains adequate for ensuring effective public financial governance.
Stay Of Execution In Administrative Matters: Practice And Jurisprudential Policy,
2026
FSJES Ain Chock, Hassan II University of Casablanca
Stay Of Execution In Administrative Matters: Practice And Jurisprudential Policy, Mohamed Ngassi Saqout
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
The stay of execution (sursis à exécution) in administrative law must be understood within its philosophical context. Any legal system rests on an ideal, and administrative law is fundamentally grounded in the principle of administration's submission to law under judicial control. Far from being mere technical questions, administrative law norms and institutions carry political and ideological meaning, seeking to balance two legitimate but contradictory demands: protecting individual rights against despotic administrative power, while safeguarding the necessary authority of the state. The author examines how jurisprudential practice navigates this tension through the stay of execution mechanism.
Forms And Modalities Of Agrarian Capitalism Development In Morocco,
2026
FSJES Ain Chock, Hassan II University of Casablanca
Forms And Modalities Of Agrarian Capitalism Development In Morocco, Abdeslam Seddiki
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Over the past two decades, Moroccan agriculture has undergone significant transformations. Its share of GDP fell from 21% (1965-70) to 12% (1980-85), while agricultural employment dropped from 58% to 40% of the active population. Agricultural exports declined from 62% to 21% of total exports, while agricultural imports remained stable at around 25%. Agriculture now accounts for 25-30% of both the trade deficit and external debt. The author presents a doctoral thesis examining these developments, analysing the forms and modalities of capitalist penetration in Moroccan agriculture, and outlining the structural changes reshaping the sector.
The Religious Character Of Divorce And Legal Separation Before The Supreme Court,
2026
FSJES Ain Chock, Hassan II University of Casablanca
The Religious Character Of Divorce And Legal Separation Before The Supreme Court, Fatna Sarehane
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Under Moroccan private international law, divorce and legal separation of foreigners in Morocco are governed by Article 9 of the D.C.C., which refers to their national law. During the Protectorate and early independence, combined with Article 394 of the former civil procedure code, this led Moroccan courts to defer jurisdiction to ecclesiastical authorities when the foreigner's personal law imposed religious formalities. Some decisions even invoked foreign public policy to justify non-competence. The author examines how this created tensions between religious requirements and secular judicial procedures, particularly concerning the distinction between substantive and formal rules.
Notes On The Budget Settlement Law,
2026
FSJES Ain Chock, Hassan II University of Casablanca
Notes On The Budget Settlement Law, Abdelkbir Fikri Fikri
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
The budget settlement law is an essential mechanism for parliamentary ex-post control of public finances, providing an accounting verification and retroactive validation of the annual budget. According to Morocco's 1972 organic finance law, it certifies annual financial results and approves variances from forecasts. However, during the 1977-1983 legislature, these laws were simply ignored—despite the imperative legislative deadline requiring submission within two years following budget execution. The author attributes this to multiple factors: ministry inertia, parliamentary disinterest, and Court of Accounts disengagement. The government eventually submitted three settlement bills in April 1987 for the 1979–1981 fiscal years, though parliamentary debate remained …
Reflections On Regional Planning: The Case Of Morocco,
2026
FSJES Ain Chock, Hassan II University of Casablanca
Reflections On Regional Planning: The Case Of Morocco, Ahmed Trachen
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Regional planning constitutes a spatial economic policy, inseparable from spatial theories. Although space integration into economic analysis began in the last century, regional planning as an explicit policy only emerged after World War II. Today, it appears essential for all countries—whether developed (reducing regional disparities, environmental protection), centrally planned (curbing rural exodus, developing medium-sized towns), or less advanced (mobilising productive resources, reducing spatial inequalities). The author examines Morocco's specific challenges in this domain, highlighting how spatial planning policies must address the country's unique geographic, demographic, and economic characteristics to achieve balanced territorial development.
Case Law Chronicle: Judgment Of 14 September 1977 By The First Civil Chamber Of The Supreme Court,
2026
UH2C Press
Case Law Chronicle: Judgment Of 14 September 1977 By The First Civil Chamber Of The Supreme Court, Jacques Melia
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
This case law commentary examines a Supreme Court judgment concerning a will drafted by a foreigner in Morocco. The Court addressed the nullity of a testamentary disposition on grounds of stupre (moral turpitude) which tainted the liberality, even where such illicit cause was not the sole motivation. The decision invoked Articles 62 and 65 of the D.O.C., alongside Moroccan good morals, public order, and decency. Additionally, the Court considered the imperative nature of referral (évocation) under Article 368 D.P.C., allowing the Supreme Court to rule on the merits where all material elements were established before the trial judge.
Property And Environment In Morocco: Heterogeneity And Ambivalence,
2026
FSJES Ain Chock, Hassan II University of Casablanca
Property And Environment In Morocco: Heterogeneity And Ambivalence, Mohamed Ali Mekouar
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Property is a fundamental institution linking humanity to the goods it appropriates. The author explores the complex relationship between property rights and environmental protection in Morocco, highlighting the heterogeneity and ambivalence inherent in this connection. Drawing on the philosophical perspective that "land does not belong to humans, but humans belong to the land," the analysis examines how property—though deeply embedded in human condition and legal systems—creates tensions between exclusive appropriation and environmental stewardship. The Moroccan context reveals diverse forms of property regimes and conflicting interests, raising critical questions about balancing private rights with collective environmental imperatives.
Shipwrecks: A Genuine Pollution Risk,
2026
Faculty of Law of Fès
Shipwrecks: A Genuine Pollution Risk, Farid Hatimy
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Marine pollution, defined as the introduction by humans of substances or energy into the marine environment causing harmful effects, is often associated with major maritime accidents. Modern vessels carrying immense cargoes and large quantities of fuel pose significant threats when reduced to shipwrecks through incidents such as breakage, grounding, sinking, or explosion. These shipwrecks represent a genuine risk of accidental—rather than operational—pollution. The author examines how such maritime disasters endanger marine ecosystems, biological resources, human health, and maritime activities including fishing and leisure, highlighting the critical need for effective prevention and intervention measures.
The Administration Of Value Added Tax In Africa: The Case Of Morocco,
2026
ENAP (École Nationale d'Administration Publique)
The Administration Of Value Added Tax In Africa: The Case Of Morocco, Mostafa Rhomari
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Value Added Tax (VAT) requires a highly experienced, efficient, and absolutely integrous tax administration capable of handling complex operations: determining the tax base, assessing taxable amounts, liquidation, and meticulous examination of business accounts. However, African tax administrations often prefer simple, easy-to-apply procedures. In countries like Morocco, applying VAT to numerous small taxpayers—including a high percentage of retailers and service enterprises—poses significant challenges. Collection involves costly formalities that can sharply increase collection costs, a particular burden where only a small budget share is allocated to tax services. The author examines these administrative constraints that complicate effective VAT implementation in developing African …
The Child Born Out Of Wedlock In Morocco,
2026
UH2C Press
The Child Born Out Of Wedlock In Morocco, Mohamed Chafi
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Unlike French law, which recognises legitimate, natural, adulterine, and adoptive filiation, Moroccan law only acknowledges legitimate blood filiation. Marriage is the exclusive foundation of family ties; adoption is formally prohibited, and extramarital sexual relations as well as adultery are criminally sanctioned. A child born out of wedlock cannot be recognised by the father nor establish natural paternity, nor can the father legitimise the child through subsequent marriage. Consequently, the illegitimate child finds themselves in a situation comparable to that of adulterine children in pre-Revolutionary France, effectively devoid of any legal relationship with their biological father.
Women, Economy And Culture In Morocco,
2026
UH2C Press
Women, Economy And Culture In Morocco, Thérèse Benjelloun
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
The degree of women's emancipation in any society is an irreversible indicator of its level of development—perhaps more telling than GDP or energy consumption. In Morocco, the evolution of women's economic role is intrinsically linked to broader social and cultural transformations. Though women constitute nearly half the population, they remain a political minority. Yet their social role is culturally crucial, as they primarily raise children and transmit values to future generations. The author argues that examining women's economic participation—both past and present—reveals how their position, recognised aptitudes, and limitations shape Morocco's development trajectory.
The Impact Of Privatisation On The Urban Public Transport Sector In Morocco,
2026
FSJES Ain Chock, Hassan II University of Casablanca
The Impact Of Privatisation On The Urban Public Transport Sector In Morocco, Brahim Rachidi
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
Morocco's urban transport systems face a structural crisis marked by a chronic imbalance between supply and demand, exacerbated by rapid anarchic urbanisation, economic dependence on Casablanca, and deep imbalances between productive activities and urban structures. In response, public authorities have adopted a new policy introducing private operators into the urban public transport sector. This shift is expected to have profound repercussions on public transport companies, particularly the Autonomous Urban Transport Authorities. The author analyses the efficiency and effects of this privatisation policy, highlighting the specific characteristics of Morocco's urban transport system.
The Public Service Concession: The Case Of Urban Public Transport In Casablanca,
2026
FSJES Ain Chock, Hassan II University of Casablanca
The Public Service Concession: The Case Of Urban Public Transport In Casablanca, Abdelfattah Eddahbi
Revue Marocaine de Droit, d'Economie et de Gestion (Moroccan Journal of Law, Economics and Management)
The concession model for managing public services has recently gained renewed interest in Moroccan administrative law, driven by public authorities' desire to involve national private capital in managing public-interest activities. The case of urban bus transport in Casablanca illustrates this trend. Rapid demographic growth—from approximately 1 million inhabitants in 1960 to over 2.5 million in 1985—combined with a near-doubling of urbanised area over two decades, has created a situation increasingly difficult to manage. The author examines how the concession technique offers a potential solution to these mounting challenges.
