U.S. legal system: a burden on trade
Article Abstract:
The US system of justice and the huge damage awards levied against companies such as Exxon found guilty of oil or other hazardous waste pollution are perplexing to Europeans and hamper their willingness to invest in or trade with the US. Other examples of the US legal system's difference from the rest of the world include our involvement in but unwillingness to sign a package of conventions on liability for oil pollution damage called the 84 Protocols. The US must reform its legal system if it wishes to participate in the global economy.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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U.S. business stands by as foreign rivals profit from Cuban investment; companies that plan ahead will have edge when market opens
Article Abstract:
The legal specialty with the brightest future connected with US-Cuban trade is helping prepare clients to do business with Cuba when the embargo is fully lifted. Other countries' experience shows excellent relations with the Cuban government and quasi-governmental trading organizations must be established before significant trade and investment can take place. The Castro government has shown a definite willingness to open its economy to foreign investment with the Cuban Foreign Investment Act of 1995.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Hong Kong: on trial; the Chinese takeover of the colony in 1997 puts its legal system in doubt
Article Abstract:
It is uncertain how Hong Kong's legal system will change when China takes over the British colony in 1997. By 1997's end, a Chinese-appointed selection committee will name a chief executive to replace the British governor. The front runner is Tung Chee Hwa, a pro-China shipping magnate who has had little to say about Hongkong's legal future. Few expect that China will want to do anything which might tamper with Hongkong's commercial success, but concerns about civil liberties and human rights remain.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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