222 research outputs found
From Darfur to Sinai to Kashmir: The Case for Legalization
This Article analyzes peace agreements in regions with a history of ethno-religious conflicts to determine if
there are correlations between the form and substance of the agreements and their successful implementation. For
purposes of comparison, I examine several agreements between India and Pakistan, the historic agreement between
Israel and Egypt, and the Darfur Peace Agreement, as exemplars of similar conflict situations where a study of
agreement design has salience. I endeavour to apply the legalization theory articulated by Kenneth Abbott, et al., to
test the explanatory power of the obligation-precision-delegation matrix. [FN1] The Kashmir dispute has raged on
for over five decades and has consumed thousands of lives making the region one of the most dangerous conflict
zones in the modern world. [FN2] The terrible price, both in terms of human lives and defense expenditures, has not
made much of an impact in pushing the parties towards finding a peaceful solution. [FN3] This *404 indifference to
cost is not unique--several other dyads that are deeply sundered by ethnic and religious divisions share the same
disregard for human suffering with the same devastating consequences. [FN4] The fragility of peace in these conflict
zones and the fluctuation of rhetoric depending on the regime in power have meant that hope for a peaceful
settlement is slim, [FN5] which might explain the shortage of significant attention to the analysis of such peace
negotiations and agreements by legal scholars. The closed and secret nature of the negotiations and the low
involvement of the legal community in them have contributed to this state of affairs. One consequence of such
indifference has been the repetition of the same features in agreements despite evidence of failure. The scholarly
community has to analyze the agreements to unearth avenues that can maximize the probability of better outcomes if
the situation is to improve. [FN6] Scholarly attention to the design and structure of agreements between these parties
can help us to understand whether there is a correlation between the choice of form and substance and their
successful implementation. [FN7] Legal scholars have deferred for too long to the view that politics, rather than
*405 law, is the answer to these disputes. This deference is fundamentally flawed and an examination of the
agreements using legalization theory may help to bridge the gap between law and politics. It will cast light on the
role of law in solving disputes characterized by ethno-religious hatreds, and will demonstrate that contract-like
forms are preferable for agreement design. I analyze agreements between India and Pakistan, Israel and Egypt, and
the Darfur Peace Agreement, to demonstrate that agreements that are high on the precision-obligation-delegation
matrix enjoy higher degrees of success than those that are low on this matrix when concluded in dispute scenarios
involving ethno-religious conflicts. I conclude by arguing that India and Pakistan should aim for hard legalization to
solve the Kashmir dispute, and that they must learn from the painful experience of the Darfur Peace Agreement and
include non-state actors as signatories to any agreement
Changing social norms and CEO pay: the role of norms entrepreneurs
There is an overwhelming sense of outrage and anger at perceived excesses in CEO compensation ensuring regular coverage in the popular press, and making it, arguably, the most
pressing question in current corporate law. There is scarcely a day when institutional
shareholders, labor unions, politicians, and small investors are not calling for action to address
this alleged menace. Inevitably, the heightened scrutiny and often shrill advocacy has contributed
to the apparent disesteem for CEOs, with some polls showing that only seventeen percent of the
public expect CEOs to tell the truth, in contrast with twenty-five percent for members of the U.S.
Congress. This state of affairs has fuelled a vigorous debate about the desirability of regulatory
intervention to address the problem, with no discernible agreement about the nature and extent of
regulation. The populist nature of the cause has prompted politicians to enter the fray and recent
years have seen activity in Congress and the SEC. Parallel to these developments, norms
entrepreneurs have been active in creating social norms and enforcing them with social sanctions,
with some modicum of success, suggesting that regulatory intervention might be premature until
the ramifications of these actions are better understood.6 There is some evidence of apparent
declines in executive compensation following the secondary enforcement of social norms. If
existing social norms can be leveraged or new norms can be created, the behavioral change
necessary for constraining CEO greed might be attained at a lower cost. This is salient in corporate law since the experience with legal sanctions has not been particularly satisfactory.
The law might also interact with social norms in salutary ways, a perception that might explain
the efforts by norms entrepreneurs and other actors to seek legislative intervention
Transnational commercial law: the way forward
This Article seeks to examine the impelling need for the creation
of international rules to govern international commerce, the
motivations thereof, and international experience in that regard. No
nation is immune from the need to craft solutions of an international
nature to govern its interactions with others. This need extends
across the spectrum from systems as evolved as the United States to
those of some African nations. Distrust can only be overcome in the
presence of rules that are formulated by the international community.
The following pages examine these issues in the context of two
international instruments: the United Nations Convention on the International Sale of Goods ("CISG") and the Convention on
International Interests in Mobile Equipment ("CIIME")
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