This article surveys the literature on regulatory arbitrage in four settings: labor regulation,
environmental protection, corporate governance, and banking and finance. For a regulatory …

Today, there are an estimated 150 securities exchanges trading stocks around the world. 1
Tomorrow (or at least within the reasonably foreseeable future), this number is likely to …

In crowded airport terminals from Brussels to Bratislava, the European Union (EU) reaches
out to weary travelers. Posters sponsored by the European Commission and adorned with …

The latter part of the 20th century saw a debate about the appropriate approach to regulating
the corporation. The traditional view was that governance of the large corporation was and …

Corporate finance theory seeks to understand how incorporated firms address the financial
constraints that affect their investment decisions. This is achieved by using varied financial …

The recent Enron bankruptcy is one of those rare events that brings corporate and securities
law close to sustained public attention. 2 It has shaken confidence that the prevailing legal …

Moreover, rating agencies are members of the" new set of [largely, though not exclusively,
private] intermediary. strategic agents [that] have absorbed some of the international …

T HE Securities and Exchange Commission thinks of itself as the investors' advocate, by
which it means retail investorsindividuals and households-as opposed to institutional …

A substantial body of research suggests that the United States has a distinctive legal style
characterized by detailed rules, extensive transparency requirements, adversarial …

This Article revisits a recent shift in standard form sovereign bond contracts to promote
collective action among creditors. Major press outlets welcomed the shift as a milestone in …