Law and Policy in International Business

Articles from Vol. 34, No. 2, Winter

Compound Interest in International Disputes
One cannot imagine that a sophisticated businessman ... would invest his companies' funds in instruments yielding simple rates of interest. Nor is it conceivable that ... [his] lenders w[ould] provid[e] his companies with capital at simple rates of...
Downsizing Korea?: The Difficult Demise of Lifetime Employment and the Prospects for Further Reform
I. INTRODUCTION The issue of worker dismissals remains a controversial and contentious topic within the Republic of Korea ("Korea"). For much of its modern history, Korea's workers benefited from implicit guarantees of lifetime employment, buttressed...
Harmonization of U.S.-EU Securities Regulation: The Case for a Single European Securities Regulator
I. EUROPEAN SECURITIES MARKETS A. Introduction Europeanists have long dreamt of a single European securities market. As early as 1960, the European Economic Community called on member states to ease the movement of capital for, inter alia, the...
Law's Dominion and the Market for Legal Elites in Japan
I. INTRODUCTION The role of lawyers in the economy has been a continuing source of controversy. A decade ago, economists produced a spate of statistical research indicating that lawyers (and implicitly law) are a drag on the economy, and bad for...
Strangers in a Strange Land: Domestic Subsidiaries of Foreign Corporations and the Ban on Political Contributions from Foreign Sources
And when the stranger dwells with you in your land, do not wrong him ... for you were strangers in the land of Egypt. (1) I. INTRODUCTION Americans are a suspicious people. They are suspicious of corporations and their large concentrations of...