Trade & Economic Law

International Anti-Corruption Day is sanctioned by the UN as a day to increase awareness of corruption and its effects upon governance and public life.  I realize that today's events in Chicago raise the possibilities of some heavy-handed irony - but actually, I'm pleased in a quite un-ironic way.  If one has to have the phenomenon of this day for this,...

Crossborder remittance payments by immigrant workers to their relatives back home are an increasingly important capital movement in the world, especially among poor people.  The United States, for example, has sometimes treated remittance payments as part of its calculations of international aid public and private.  It has only recently started to receive academic attention, however.  My colleague Ezra Rosser has...

Last month the Supreme Court rendered its latest installment on the issue of judicial supervision of national security. Winter v. NRDC has received surprisingly little attention, but it strikes me as an important example of judicial deference to the Executive Branch in military affairs. This language in particular is noteworthy: We “give great deference to the professional judgment of...

Remarkable story in today's Wall Street Journal, front page, December 1, 2008, about a Latvian economist arrested and held for several days - not finally charged - for expressing pessimistic sentiment about the stability of the Latvian financial system: How to Combat a Banking Crisis: First, Round Up the Pessimists   Latvian Agents Detain a Gloomy Economist; 'It Is a Form of Deterrence' I have stuck...

Secretary General Ban Ki Moon has been criticized by some as being invisible, at least compared with his rock-star predecessor, Kofi Annan.  However, he has emerged as UN frontman for a new campaign from the UN for a plan for a simultaneous global jobs and economic recovery program together with green program.  The SG's program is outlined in op-ed form...

As a follow-up to Peggy's very interesting post below on the performance of global versus non-global law firms, let me raise an issue that has, for obvious reasons, disappeared in the last year, but which was a topic of discussion in 2007 and might well re-surface at point in the future: law firms going public via an IPO and listing...

My friend and colleague Daniel Bradlow, professor of law and director of the international legal studies program at Washington College of Law, as well as SARCHI professor of development law and African economic relations at the University of Pretoria, has a new short opinion essay on how Africa should respond to the global financial crisis and the deliberations of the...

Today is the global financial crisis summit in Washington DC, with attendance by leaders of the G20.  Bloomberg reports that the most likely results are: agreement to a global fiscal stimulus aimed supporting aggregate demand while waiting for monetary stimulus (i.e., interest rate cuts by central banks) to take effect;  reform of the IMF to put it at the center of addressing...

[caption id="attachment_5503" align="alignright" width="250" caption="Malé, Maldives"][/caption] This week's news out of the Maldives is the sort of story that makes international lawyers salivate. It has something for everyone, bringing together issues of democracy, transitional justice, climate change, the law of the sea, not to mention good, old-fashioned sovereignty.  On Tuesday, Mohamed Nasheed was sworn in as the archipelago's new President, ending...

Julian has already written a cautionary note about expecting a new Bretton Woods out of the upcoming global economic summit.  I could not agree more, and note that the Washington Post agrees in an editorial yesterday - indeed, the Post takes Sarkozy to the proverbial woodshed for a whuppin': With the global economy in crisis, and his own tenure as temporary...

As discussions of a(nother) bailout for Detroit automakers continue, one question that intrigues me is whether any Opinio Juris readers drive Detroit-made cars - i.e., cars made by the Big Three US automakers?  Please feel free to indicate in the comments. My wife and I own two Hondas, one of them a 1993 Honda Civic that we bought used from the...

Two items of Sudan news to report.  First, the Sudanese government has lawyered up, hiring the prominent British firm Eversheds LLP to represent it at the ICC.  I wonder if that means Bashir is expecting the Pre-Trial Chamber to issue the arrest warrant; although Article 19 of the Rome Statute is not the picture of clarity, it seems to allow...