19 results on '"enforceability"'
Search Results
2. A lei aplicável à análise de validade e interpretação dos acordos de eleição de foro em contratos internacionais no Brasil.
- Author
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Beltrame de Moura, Aline and Hormann, Rafaela
- Subjects
- *
APPLICABLE laws , *SUPERIOR courts , *CONTRACTS , *JUDGE-made law , *STATE courts - Abstract
This paper studies which law is applicable to the analysis of enforceability and interpretation of forum selection agreements in Brazil. First, it demonstrates how the applicable law can directly affect the result of the assessment of forum selection clauses, both during the analysis of validity conducted by the judiciary and during its interpretation. Next, the theme is studied from the discussions held in the United States of America, conducting an examination of the doctrinal debates and local case law. The inductive method is applied, starting from the analysis of 62 (sixty-two) decisions collected in the online portals of the Superior Court of Justice, of the largest state courts of law and in the Court of Justice of Santa Catarina to establish conclusions about the applicable law to the analysis of validity and interpretation of choice of court agreements in Brazil. The hypothesis that Brazil applies the lex fori for determining the enforceability of forum selection agreements is confirmed. Regarding interpretation, the three cases found applied the lex fori, and it is believed that this will be the trend for the upcoming years, given the difficulty in legitimizing party autonomy in international contracts in Brazil. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
3. INEFICACIA DE CIERTAS ESTIPULACIONES EN ACUERDOS SOBRE DERECHOS PATRIMONIALES DE AUTOR Y DERECHOS CONEXOS Y SUS EFECTOS MATERIALES.
- Author
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GONZÁLEZ LÓPEZ, FELIPE
- Subjects
LEGAL judgments ,PRESS releases ,MAGISTRATES & magistrates' courts ,RIGHTS ,COPYRIGHT ,CHILDREN'S rights - Abstract
Copyright of Propiedad Inmaterial is the property of Universidad Externado de Colombia, Centro de Estudios de la Propriedad Intelectual and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
- Full Text
- View/download PDF
4. Comparație între contractul de cesiune a contractului şi contractul de preluare a datoriei.
- Author
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STOICA, VALERIU
- Subjects
CIVIL code ,CONTRACTS ,DEBT ,SENSES - Abstract
Copyright of Romanian Review of Private Law / Revista Română de Drept Privat is the property of Universul Juridic Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2023
5. Significance of Shareholders' Agreement &its Enforceability in India: A Critical Study.
- Author
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Kaushik, Keshav and Chatterjee, Soumi
- Subjects
- *
STOCKHOLDERS , *EQUITABLE remedies (Law) , *CORPORATION law , *CONTRACTS - Abstract
Apart from the constitutional documents of the company namely the Articles of Association (A.O.A.) and the Memorandum of Association (M.O.A.); the Shareholders' Agreement (S.H.A.) is another document that plays a vital role in establishing the relationship among the shareholders themselves and also between the shareholders and the company. S.H.A. is a reassertion of 'contractualism' in corporate law. However, even after being a valid contract, the terms of S.H.A. can only apply on the company if they are in consonance with the terms of A.O.A. This paper will focus on understanding the intricacies attached with Shareholders' Agreement and why does entering into such an agreement has become a usual business practiseeven when there is no proper legislation or guideline governing the same. It will also focus on the impact of 2018 amendment in Specific Relief Act 1963 on the enforceability of S.H.A. upon companies. This paper has tried to discuss the important judicial pronouncements relating to the Shareholders' Agreement in India and how the concept has developed over the period of time in our country. [ABSTRACT FROM AUTHOR]
- Published
- 2022
6. O formă, mai multe fonduri: între interpunerea de persoane, contractul de prête-nom, mandatul fără reprezentare şi angajamentul reprezentantului (mandatarului) reticent.
- Author
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MANGU, FLORIN I.
- Subjects
CERTIFICATES of origin ,CONTRACTS ,RESPECT ,SOCIAL contract ,RIGHTS - Abstract
Copyright of Romanian Review of Private Law / Revista Română de Drept Privat is the property of Universul Juridic Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2021
7. Enforceability of electronic contracts in light of the Ethiopian General Contract Law: appraising the issues.
- Author
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Desta, Gebrehiwot Entehawu
- Subjects
- *
ELECTRONIC contracts , *INTERNET , *PRIVITY of contract , *CONTRACTS , *ADMISSIBLE evidence - Abstract
Modern information communication technologies, especially the Internet, have been extensively used in contracts. Yet laws which govern contractual relationships were passed at a time when Internet was unknown. Due to this fact, conventional contract laws empirically face significant challenges to address legal controversies arising from electronic contracts. In the same fashion, Ethiopian General Contract Law is unfit to accommodate legal controversies resulting from the occurrence of electronic contracts. The main legal challenges due to the development of electronic contracts are uncertainty regarding legal recognition of data messages, issues associated with consummation of consent, attribution of communications, input errors, time of contract formation, formality requirements, variation, notice of nonperformance, privity of contract, admissibility and parole evidence rule of electronic records. The above-underlined issues, which stem from the emergence of electronic contracts, are hardly addressed by our civil code. Therefore, this work is mainly meant to make a humble attempt to examine the appropriateness of the Ethiopian General Contract Law to accommodate technologically driven electronic contracts. [ABSTRACT FROM AUTHOR]
- Published
- 2019
- Full Text
- View/download PDF
8. L’HYPOTHÈSE DU FAUX PROCURATEUR (FALSUS PROCURATOR).
- Author
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POPA, IONUŢ-FLORIN
- Subjects
CAUSES of action ,JUDGE-made law ,SENSORY perception ,CONTRACTS ,CRIMINAL sentencing - Abstract
Copyright of Romanian Review of Private Law / Revista Română de Drept Privat is the property of Universul Juridic Publishing House and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Published
- 2019
9. Is a ‘smart contract’ really a smart idea? Insights from a legal perspective.
- Author
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Giancaspro, Mark
- Subjects
- *
CONTRACTS , *BLOCKCHAINS , *TECHNOLOGY safety measures , *DATA security , *DATA protection - Abstract
Swift developments in the emerging field of blockchain technology have facilitated the birth of ‘smart contracts’: computerised transaction protocols which autonomously execute the terms of a contract. Smart contracts are disintermediated and generally transparent in nature, offering the promise of increased commercial efficiency, lower transaction and legal costs, and anonymous transacting. The business world is actively investigating the use of blockchain technology for various commercial purposes. Whilst questions surround the security and reliability of this technology, and the negative impact it may have upon traditional intermediaries, there are equally significant concerns that smart contracts will encounter considerable difficulty adapting to current legal frameworks regulating contracts across jurisdictions. This article considers the potential issues with legal and practical enforceability that arise from the use of smart contracts within both civil and common law jurisdictions. [ABSTRACT FROM AUTHOR]
- Published
- 2017
- Full Text
- View/download PDF
10. The unenforceability of self-executing deep learning algorithmic contracts
- Author
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Pich, Anja and University of South Australia. UniSA Justice and Society
- Subjects
Artificial intelligence ,machine learning ,enforceability ,contract formation ,Contracts ,algorithms ,law - Abstract
Thesis (Masters by research(Law))--University of South Australia, 2022. Includes bibliographical references (pages 110-129) As machine learning algorithms grow in sophistication & popularity, people are using these algorithms to enter contracts. Some algorithms are highly automated, deciding terms independently & making offers to the other party. Parties assume that their algorithmic contracts are enforceable, when in fact they may be inconsistent with the basic elements of a legally valid contract. This thesis explores how different algorithms impact contract formation & argues that self-executing deep learning algorithmic contracts are unenforceable under existing contract law. Deep learning algorithms bind their users to contract terms which they cannot know in advance, making it impossible to agree to be bound by terms with any certainty and undermining the voluntary choice essential to contracts. This thesis suggests ratification as a solution to ensure the legal validity of these algorithmic contracts.
- Published
- 2022
11. After effects -Series of three parts on marital financial arrangements- Part 1: Prenuptial contracts
- Author
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Copelin, Ruth
- Published
- 1998
12. CHAPTER 10: CONTRACTS IN SPORT AND PHYSICAL ACTIVITY.
- Author
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Dougherty, Neil S., Goldberger, Alan S., and Carpenter, Linda Jean
- Subjects
PROFESSIONAL sports contracts ,SPORTS law ,CONTRACTS ,BREACH of contract - Abstract
Discusses the elements of a contract as they apply in sport and physical activity in the U.S. Illustrations of the nature and relative enforceability of oral and written contracts; Enumeration of practical guidelines for the use of contracts in the management of sport; Judicial remedies for breach of contract.
- Published
- 2002
13. Will Online Indemnification Agreements Be Enforced?
- Author
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Cilia, Julie
- Subjects
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VENDORS (Real property) , *CONTRACTS , *ACTIONS & defenses (Law) - Abstract
The article discusses several provisions requiring the consumer to indemnify the vendor and hold it harmless by discussing court cases including One Beacon Insurance Co. v. Crowley Marine Services Inc. and Song fi, Inc. v. Google Inc. & YouTube, LLC. It mentions that according to cases, whether an online provision will be enforced, the first step is to ask whether a contract has actually been formed.
- Published
- 2016
14. The effect of SPS agreements on the contractual choice in international fruit supply chains
- Author
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Pavez, Iciar, Codron, Jean Marie, Lubello, Pasquale, Florêncio, Maria Cecilia, Marchés, Organisations, Institutions et Stratégies d'Acteurs (UMR MOISA), Institut national d’études supérieures agronomiques de Montpellier (Montpellier SupAgro)-Centre International de Hautes Etudes Agronomiques Méditerranéennes - Institut Agronomique Méditerranéen de Montpellier (CIHEAM-IAMM), Centre International de Hautes Études Agronomiques Méditerranéennes (CIHEAM)-Centre International de Hautes Études Agronomiques Méditerranéennes (CIHEAM)-Institut National de la Recherche Agronomique (INRA)-Centre de Coopération Internationale en Recherche Agronomique pour le Développement (Cirad)-Centre international d'études supérieures en sciences agronomiques (Montpellier SupAgro), Institut national d’études supérieures agronomiques de Montpellier (Montpellier SupAgro), Universidade Federal Rural de Pernambuco, Academy of International Business (AIB). USA., Institut Polytechnique LaSalle Beauvais (UniLaSalle). FRA., Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Centre International de Hautes Etudes Agronomiques Méditerranéennes - Institut Agronomique Méditerranéen de Montpellier (CIHEAM-IAMM), and Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)
- Subjects
enforceability ,sanitary and phytosanitary ,chile ,contracts ,institutions ,transaction cost economics ,[SHS.ECO]Humanities and Social Sciences/Economics and Finance ,trade - Abstract
International audience; This study investigates how interfirm contracts are influenced by the SPS provisions within Trade Agreements and by the relational BtoB context in which transactions occur. Drawing on transaction cost theory and international trade research, we analyze the case of Chilean exports of apples. We measure the degree of completeness of SPS provisions of Trade Agreements signed by Chile and the share of direct exports to supermarkets. We found evidence of the double function of contracts: As a safeguard to protect transactions in uncertain institutional environments and as a coordination tool to adapt to changing market conditions and specific sanitary requirements.
- Published
- 2018
15. Doing Business Regional Profile 2016 : OECD High Income
- Author
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World Bank Group
- Subjects
INVESTMENT ,PUBLIC SALE ,SALES AGREEMENT ,SHAREHOLDERS ,MOVABLE ASSETS ,DEPOSIT ,MINIMUM CAPITAL REQUIREMENTS ,LIQUIDATION ,ENFORCEMENT PROCESS ,PAPER CERTIFICATE ,INFORMATION TECHNOLOGY ,INVESTMENTS ,BANK LOAN ,PLEDGE ,REGISTRATION FEES ,STOCK ,CAPITAL REQUIREMENTS ,RETURNS ,PENSION ,INVESTORS ,COLLATERAL ,BONDS ,TRANSACTIONS ,BROKER ,TRADE CREDITORS ,MOVABLE PROPERTY ,INTERESTS ,TRANSPARENCY ,MORTGAGE ,CORPORATE TAX RATES ,PRIVATE SECTOR CREDIT ,COLLATERAL LAWS ,BORROWERS ,MARKETS ,INFORMATION SYSTEMS ,CREDITORS ,PROFIT ,NOTARY ,CORPORATE GOVERNANCE ,PROPERTY RIGHTS ,PRIVATE CREDIT BUREAUS ,SWAPS ,CADASTRE ,BALANCE SHEET ,INVESTOR PROTECTION ,COMPANY LAW ,INFORMATION SYSTEM ,COMMERCIAL REGISTRY ,MINORITY INVESTOR ,MORTGAGES ,STAMP DUTY ,DEBT RESTRUCTURING ,ORIGINAL ASSET ,MARKET ,CAPITAL REQUIREMENT ,PROPERTY ,TAX RATE ,JOINT STOCK COMPANIES ,COLLATERAL REGISTRY ,COMPLIANCE – COST ,PROPERTIES ,BANK ACCOUNT ,FIXED ASSETS ,PRIVATE PROPERTY ,BANKRUPTCY ,TAX OBLIGATIONS ,INVESTOR PROTECTIONS ,LENDERS ,LENDER ,INCOME TAX ,TRANSACTIONS SYSTEM ,SECURITY ,HOUSING BONDS ,LIABILITY ,FINANCIAL INSTITUTIONS ,EXCHANGE RATE ,GOOD ,EQUIPMENT ,CREDIT BUREAUS ,REVENUE ,CURRENCY ,PRIVATE CREDIT ,OPTION ,LOAN ,SECURITIES ,REGULATORY PRACTICE ,IMMOVABLE PROPERTY ,DEED ,CREDIT HISTORY ,CENTRAL BANKS ,REPAYMENT ,ISSUANCE ,CONTRACTS ,INVESTOR ,TRADING ,FINANCIAL HEALTH ,NOTARY PUBLIC ,INSURANCE PREMIUMS ,DEBT-EQUITY SWAPS ,DEBTORS ,NOTARIES ,LOCAL CURRENCY ,STAMP DUTY RATE ,TAX SYSTEM ,TRANSACTION ,WAREHOUSE ,MINORITY SHAREHOLDERS ,TAX RATES ,TAX ,DEBT-EQUITY ,PERSONAL ASSETS ,JUDICIAL PROCESSES ,UNSECURED CREDITORS ,CREDITOR ,LENDING ,BROKERS ,SECURITY INTEREST ,REGISTRATION SYSTEM ,SHAREHOLDER ,PLEDGES ,NOTARIZATION REQUIREMENTS ,GUARANTEE ,DEBTOR ,RESERVES ,GOODS ,EQUITY SWAPS ,LOANS ,TAX ON INTEREST INCOME ,CONFLICTS OF INTEREST ,DISCLOSURE REQUIREMENTS ,CHECK ,FORECLOSURE ,PAYMENT SYSTEM ,TARIFF ,REGISTRATION FEE ,PAYMENT SYSTEMS ,BORROWER ,SECURITIES REGULATIONS ,FINANCE ,EXPORTERS ,LENDING DECISIONS ,FINANCIAL STATEMENTS ,CAPITAL GAINS ,DISPUTE RESOLUTION ,LEVIES ,LABOR MARKET ,CREDIT BUREAU ,STOCK EXCHANGE ,LEGAL RIGHTS ,DEFAULTS ,SECURITIES LAW ,PAYMENT HISTORY ,COMPLIANCE COSTS ,DEBT ,BANKRUPTCY PROCEDURES ,AMOUNT OF CREDIT ,PERSONAL PROPERTY ,CREDIT INFORMATION SYSTEMS ,CONTRACT ENFORCEMENT ,RETURN ,COLLATERAL FOR LOANS ,ENFORCEABILITY ,LIMITED LIABILITY ,EXCHANGE ,CREDIT INFORMATION SYSTEM ,ACCOUNTING ,CONFLICT OF INTEREST ,CREDIT INFORMATION ,TARIFFS ,PRIVATE CREDIT BUREAU ,RESERVE ,INSURANCE ,TURNOVER ,TAXES ,EQUITY ,WAREHOUSES ,COMPANY LAWS ,DEFAULT ,PROFITS ,INTERNATIONAL BANK ,TRUSTEES ,SECURITY INTERESTS ,BANKRUPTCY LAWS ,CONTRACT ,MINIMUM CAPITAL REQUIREMENT ,MONETARY FUND ,CREDIT SOURCE ,JUDICIAL ENFORCEMENT ,INTEREST ,MACROECONOMIC CONDITIONS ,TAX RULES ,LEGAL FRAMEWORK ,NATIONAL SECURITY ,CORPORATE TAX RATE ,INTEREST INCOME ,LOCAL BUSINESS ,LEVY ,CONVERSION ,FINANCIAL STATEMENT ,CHECKS ,SHARE ,MINORITY INVESTORS ,LIENS ,BANKRUPTCY LAW ,ENFORCEMENT PROCEDURE - Abstract
Doing Business sheds light on how easy or difficult it is for a local entrepreneur to open and run a small to medium-size business when complying with relevant regulations. It measures and tracks changes in regulations affecting 11 areas in the life cycle of a business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation. Doing Business 2016 presents the data for the labor market regulation indicators in an annex. The report does not present rankings of economies on labor market regulation indicators or include the topic in the aggregate distance to frontier score or ranking on the ease of doing business. This regional profile presents the Doing Business indicators for economies in OECD High Income. It also shows the regional average, the best performance globally for each indicator and data for the following comparator regions: European Union (EU), East Asia and the Pacific (EAP), Europe and Central Asia (ECA), South Asia (SA) and Latin America.. The data in this report are current as of June 1, 2015 (except for the paying taxes indicators, which cover the period January–December 2014).
- Published
- 2016
16. Towards a theory for Section 96 -of the Constitution. Series of parts- Part 2
- Author
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Saunders, Cheryl
- Published
- 1988
17. Implementing the Client Protection Principles : A Technical Guide for Investors
- Author
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Forster, Sarah Jacqueline, Lahaye, Estelle Marie, Clark, Heather Anne, Koning, Antonique M., and McKee, Kate
- Subjects
INVESTMENT ,INTERNAL AUDIT ,LOAN CONTRACT ,PORTFOLIO QUALITY ,EXCHANGE RATES ,INSURANCE COMPANIES ,RURAL BANKS ,SHAREHOLDERS ,LOAN AGREEMENT ,DEBT REPAYMENT ,DEBT COLLECTIONS ,CREDIT UNIONS ,LENDING ,INVESTMENTS ,INDIVIDUAL LOAN ,INVESTING ,INVESTMENT FUND ,PLEDGE ,DUE DILIGENCE ,FINANCIAL CRISIS ,RETURNS ,DEBT SERVICE ,SHAREHOLDER ,RISK MANAGEMENT SYSTEMS ,POVERTY ,PLEDGES ,INVESTORS ,COLLATERAL ,OPTIONS ,SAVINGS ACCOUNTS ,CREDIT RISK ASSESSMENT ,RESERVES ,MARKET ENVIRONMENT ,LOANS ,CONSUMER PROTECTION ,INTEREST RATE DATA ,FINANCIAL SYSTEMS ,MATURE MARKETS ,RISK MANAGEMENT ,CHECK ,INTERESTS ,TRANSPARENCY ,CREDIT DISCIPLINE ,FINANCIAL MARKETS ,RETAIL FINANCIAL INSTITUTIONS ,INVESTMENT POLICIES ,BORROWER ,RETAIL FINANCIAL INSTITUTION ,BORROWERS ,LOAN APPLICATION ,LOAN APPROVAL ,INVESTMENT VEHICLES ,REMITTANCE ,MARKETS ,INFORMATION SYSTEMS ,PROFIT ,LOAN CONTRACTS ,FINANCE ,INVESTMENT OPPORTUNITY ,LENDING DECISIONS ,INVESTMENT DECISION ,LENDING CYCLE ,DEVELOPMENT FINANCE ,CORPORATE GOVERNANCE ,INDEBTEDNESS ,CREDIT BUREAU ,BALANCE SHEET ,GRANT FUNDING ,COMMERCIAL INVESTMENT ,INTEREST RATES ,DEBT ,CREDIT RISK ,ARREARS ,GUARANTEES ,LOAN SIZE ,INTEREST RATE CAPS ,MARKET ,BANKING PRACTICES ,CAPITAL ADEQUACY ,COMPETITIVE MARKETS ,FINANCIAL RISK ,CASH FLOW ,RETURN ,REPAYMENT CAPACITIES ,FINANCIAL SERVICE PROVIDERS ,CREDIT HISTORIES ,LEGAL COVENANTS ,LOAN AMOUNT ,MICROCREDIT ,BANK—LOAN ,COLLECTION PROCESS ,INVESTMENT DECISIONS ,NATIONAL CREDIT ,CREDIT PROVIDERS ,PORTFOLIO ,ENFORCEABILITY ,LENDERS ,INVESTMENT POLICY ,LOAN AGREEMENTS ,EXCHANGE ,SECURITY ,MICROFINANCE PRACTITIONERS ,LOCAL MARKETS ,CREDIT INFORMATION ,REPAYMENT CAPACITY ,LEVEL OF DEBT ,REPAYMENTS ,CREDIT SCORING ,LOAN PRODUCTS ,AMORTIZATION ,INVESTOR RETURN ,FUND MANAGEMENT ,RESERVE ,FINANCIAL INSTITUTIONS ,GOOD ,CREDIT BUREAUS ,INSURANCE ,TURNOVER ,EQUITY ,LIFE INSURANCE ,FINANCIAL INSTITUTION ,CREDIT ASSESSMENT ,MARKET LEVEL ,MICRO- FINANCE ,HUMAN RESOURCES ,MICROFINANCE INSTITUTIONS ,LOAN ,INVESTMENT PROCESSES ,DEBT MANAGEMENT ,CONSUMER CREDIT ,NONPERFORMING LOANS ,FUTURE ,MARKET SHARE ,MICROFINANCE ,CONTRACT ,EQUITY FUNDS ,REPAYMENT ,MICROINSURANCE ,CONTRACTS ,INVESTOR ,REPAYMENT CRISES ,INVESTMENT FUNDS ,FINANCIAL PERFORMANCE ,INTEREST ,EXTERNAL FINANCE ,DEBT COLLECTION ,POLITICAL RISK ,MICROFINANCE SECTOR ,CASH FLOWS ,REPAYMENT CAPACITY ,LOAN REPAYMENTS ,LOCAL BUSINESS ,INSURANCE PREMIUMS ,FUND MANAGERS ,GROUP LENDING ,CHECKS ,SHARE ,INTEREST RATE ,LOAN OFFICERS ,EXPENDITURE ,CREDIT DECISIONS - Abstract
This guide continues to be a ‘living’ document that will be updated as practice evolves. Investors are strongly encouraged to provide feedback on how to improve this guide and to share additional material that could be included. The Guide is organized as follows: section two describes the principles and their importance to ensuring sustainable microfinance development that serves the best interests of clients. Section three provides an update on the smart campaign. Section four offers practical advice on approaches and tools to incorporate the principles into investment processes. Section five highlights questions that investment organizations are facing and emerging responses. Finally, section six provides a list of resources and tools.
- Published
- 2010
18. Inefficient Worker Turnover
- Author
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Nicolas Laurent Jacquet
- Subjects
Microeconomics ,ComputingMilieux_THECOMPUTINGPROFESSION ,Ex-ante ,Homogeneous ,jel:J6 ,On-the-Job Search, Learning, Bargaining, contracts, Enforceability ,On-the-Job Search ,Learning ,Bargaining ,Contracts ,Enforceability ,Economics ,Productivity ,Externality ,jel:J30 ,jel:J63 - Abstract
This paper considers the efficiency properties of risk-neutral workers’ mobility decisions in an equilibrium model with search frictions, but no search externalities, when the rent accruing to a match is split through bargaining. Matches are ex ante homogeneous and their true productivity is learnt after the match is formed. It is shown that the efficiency of worker turnover depends on contract enforceability, and that in the absence of complete enforceability the equilibrium fails to be efficient. This is because without complete enforceability firms cannot credibly offer workers contracts that will guarantee them the entire future of all potential future matches.
- Published
- 2007
- Full Text
- View/download PDF
19. The Devil in the Details:The Interrelationship among Citizenship, Rule of Law and Form-Adhesive Contracts.
- Author
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Eigen, Zev J.
- Subjects
RULE of law ,ADMINISTRATIVE law ,CONTRACTS ,EMPLOYMENT ,RETAIL industry - Abstract
Understanding the relationship among citizenship, trust in the rule of law and contract has been consistently heralded as theoretically important. To date, the research in this area has been developed from observing arms'-length, negotiated agreements between equally powerful, mutually dependent actors. This paper extends this theory by exploring these relationships in the context in which contracts are most often experienced today: form-adhesive agreementsâ”those offered on a take-it-or-leave-it basis by one drafter intended for multiple signers, with no opportunity afforded the signers to negotiate over the terms. This paper develops a construct called, "Malleable Consent" as a measure of actors' perceptions of enforceability of these agreements to which they have consented without fraud or coercion. Based upon interviews with sales associates of a large national retailer and survey responses of MBA students of an elite university, this paper offers preliminary evidence that actors who regard form-adhesive agreements as binding upon them are more likely to regard their employment relationships as "relational" (imbued with trust, loyalty and a set of ethical commitments). Conversely, actors who regard such agreements as non-binding are more likely to view their employment relationships as "transactional" (merely a market exchange). The findings have important implications across socio-economic groups' perceptions of law and ultimately citizenship. [ABSTRACT FROM AUTHOR]
- Published
- 2008
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