Oxford Business Law Blog

Art. XXI of the GATT establishes one of the exceptions to the rules of the multilateral trading system. Named a ‘security’ exception, this provision is most frequently invoked to justify trade...

Consumers’ financial choices are often quite complex. For instance, choosing a new credit card entails assessing various features of each card, such as introductory and ongoing interest rates, annual...

On December 9, 2002, UAL Corporation, which operated as United Airlines, filed for bankruptcy protection, leading to huge losses by UAL’s creditors. Those creditors included UAL’s pensioners when UAL...

The legal protection provided to creditors to enforce their contracts with debtors is central to the functioning of credit markets. These include the rights afforded to lenders in bankruptcy,...

Historically, India has always been a heavily cash-dependent economy. However, in the recent past, it is witnessing a steady growth in the volume and value of digital financial transactions,...

Climate change presents serious implications for development in developing countries. The United Nations Human Development Report in 2016 found that over 1.5 billion people in developing countries...

For the past several years, the US Congress has been considering various versions of a legislative reform that would amend the Bankruptcy Code to facilitate the prompt reorganization of systemically...

On 23 January 2019, Advocate General Szpunar delivered his opinion in Plessers, a case before the European Court of Justice that concerns the protection of employees in a Belgian insolvency...

The European Commission (EC) adopted a legislative proposal in December 2017 for a regulation (Investment Firm Regulation) and a directive (Investment Firm Directive) to amend the current EU...

The first major legal instrument dealing with cross-border insolvencies in the European Union (EU) has been the European Insolvency Regulation (EIR 2000). It was adopted in 2000 and entered into...

In ‘Choice Theory and the Economic Analysis of Contracts’ I offer an economist’s reaction to Hanoch Dagan and Michael Heller’s important book, ‘The Choice Theory of Contracts.’ In this post, I...

The UK’s reviews of the Big Four auditing firms have largely adopted an approach of more regulation and government oversight. This approach is not an unnatural response in the face of the evidence...

The online digital economy has benefitted us with waves of innovation, transforming the way we search, shop, communicate and consume information. Be it on our computer, tablet or mobile device, the...

Collective redress on behalf of consumers has been debated for long in Europe and Germany. The ‘Dieselgate’ scandal has brought another occasion to advance the discussion. Both Germany and Europe are...

Introduction and Background The English Court of Appeal has recently decided a case about sovereign debt. Russia holds the debt - bonds with a face value of US$ 3bn, issued in December 2013. In 2014...

Humans as a Service: The Promise and Perils of Work in the Gig Economy (OUP 2018) by Jeremias Prassl is an engaging, illustrative, and thought-provoking book. The book argues that gig-economy...

A project of the British Academy - 'The Future of the Corporation’ reached a major milestone on November 1, 2018 with the public discussion of a framework and supporting papers. The project is led by...

The recent Hong Kong Court of Final Appeal (“CFA”) decision in Moody’s Investors Service Hong Kong Limited v Securities and Futures Commission [2018] HKCFA 42 raises very important issues regarding...

Code and law have been entangled in a silent tension ever since the advent of cyberspace. The centralised architecture of cyberspace paved the way for law to prevail. The latest manifestation of this...

Conventional wisdom suggests that the U.S. is the ‘litigation nation’. However, when it comes to disputes concerning euro area integration, Germans also seem to be very gung ho to slug it out in the...

In July 2018, the European Parliament passed a resolution recommending to the Commission the creation of an optional EU-wide legal status for social enterprises. The Commission now has one year to...