Pub Date : 2022-02-24DOI: 10.1017/9781108566391.006
A. Engert
It is a common perception that differences in private laws impede cross-border business activity. The goal of enhancing economic integration, both regionally and globally, often animates legislative advances towards harmonizing or unifying legal rules across jurisdictions. This chapter invokes the economic theory of standards competition or “network effects” as a framework to evaluate the promise of voluntary law unification. It highlights that standardization need not be the responsibility of lawmakers. With free choice of law, markets themselves produce their own degrees and patterns of standardization. The paper makes several predictions about the scope of market standardization in two particularly important areas, contract law and company law; it also adduces some empirical evidence. One policy implication is that international standardization does not depend on crafting uniform law. The laws of national jurisdictions can also be suitable as market standards for cross-border transactions. This adds a new perspective to the continuing debate about regulatory competition between jurisdictions: The winners of the race are decided as much by network effects as by differences in the substantive quality of their laws. Better law standardization can be a desirable outcome of jurisdictional competition. Andreas Engert Freie Universität Berlin, Department of Law Vant-Hoff-Straße 8 14195 Berlin, Germany e-mail: andreas.engert@fu-berlin.de
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Pub Date : 2022-02-24DOI: 10.1017/9781108566391.009
Sanchita Das
{"title":"Mind the Gap: Studying the Implementation Discrepancy for the ASEAN Economic Community","authors":"Sanchita Das","doi":"10.1017/9781108566391.009","DOIUrl":"https://doi.org/10.1017/9781108566391.009","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128389721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.002
L. Castellani
{"title":"Uniform Law and the Production and Circulation of Legal Models","authors":"L. Castellani","doi":"10.1017/9781108566391.002","DOIUrl":"https://doi.org/10.1017/9781108566391.002","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127488879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.007
M. Durovic, G. Howells
{"title":"Is the Harmonisation of Asian Contract Law Possible? The Example of the European Union","authors":"M. Durovic, G. Howells","doi":"10.1017/9781108566391.007","DOIUrl":"https://doi.org/10.1017/9781108566391.007","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131949482","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.011
R. Michaels
{"title":"How Asian Should Asian Law Be?","authors":"R. Michaels","doi":"10.1017/9781108566391.011","DOIUrl":"https://doi.org/10.1017/9781108566391.011","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123752352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.003
Andrew Godwin
{"title":"Convergence, Divergence and Diversity in Financial Law: The Experience of the UNCITRAL Model Law and Cross-Border Insolvency","authors":"Andrew Godwin","doi":"10.1017/9781108566391.003","DOIUrl":"https://doi.org/10.1017/9781108566391.003","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127516063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.008
Charles Zhen Qu
{"title":"The Presumption of Regularity in Chinese Corporate Contracting: Evidence and the Prospect of Regional Convergence","authors":"Charles Zhen Qu","doi":"10.1017/9781108566391.008","DOIUrl":"https://doi.org/10.1017/9781108566391.008","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"61 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121510764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.010
F. Jacobs
{"title":"The Rule of Law as Key to the ASEAN Legal Order: How Can It Be Ensured?","authors":"F. Jacobs","doi":"10.1017/9781108566391.010","DOIUrl":"https://doi.org/10.1017/9781108566391.010","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130246719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-02-24DOI: 10.1017/9781108566391.004
M. Hwang
{"title":"The New York Convention and the UNCITRAL Model Law on International Commercial Arbitration: Existing Models for Legal Convergence in Asia?","authors":"M. Hwang","doi":"10.1017/9781108566391.004","DOIUrl":"https://doi.org/10.1017/9781108566391.004","url":null,"abstract":"","PeriodicalId":325679,"journal":{"name":"Convergence and Divergence of Private Law in Asia","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-02-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123860856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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