International Commercial and Marine Arbitration analyses and compares commercial-martime arbitration in a number of different legal systems including the US, the UK, Greece and Belgium. The book examines the role of the courts in arbitration in each of these countries, making reference to the latest case law, and also makes extensive reference to French, German, Italian, Austrian, Swiss and Netherlands law. Tracing the historical emergence of the modern system of commercial arbitration Georgios Zekos then goes on to present ways in which the current process of arbitration can be developed in order to make them more effective.

International Commercial and Marine Arbitration analyses and compares commercial-martime arbitration in a number of different legal systems including the US, the UK, Greece and Belgium. The book examines the role of the courts in arbitration in each of these countries, making reference to the latest case law, and also makes extensive reference to French, German, Italian, Austrian, Swiss and Netherlands law. Tracing the historical emergence of the modern system of commercial arbitration Georgios Zekos then goes on to present ways in which the current process of arbitration can be developed in order to make them more effective.

This book presents a comprehensive analysis of the alterations and problems caused by new technologies in all fields of the global digital economy. The impact of artificial intelligence (AI) not only on law but also on economics is examined. In the first part, the economics of AI are explored, including topics such as e-globalization and digital economy, corporate governance, risk management, and risk development, followed by a quantitative econometric analysis which utilizes regressions stipulating the scale of the impact. In the second part, the author presents the law of AI, covering topics such as the law of electronic technology, legal issues, AI and intellectual property rights, and legalizing AI. Case studies from different countries are presented, as well as a specific analysis of international law and common law. This book is a must-read for scholars and students of law, economics, and business, as well as policy-makers and practitioners, interested in a better understanding of legal and economic aspects and issues of AI and how to deal with them.

This book presents a comprehensive analysis of the alterations and problems caused by new technologies in all fields of the global digital economy. The impact of artificial intelligence (AI) not only on law but also on economics is examined. In the first part, the economics of AI are explored, including topics such as e-globalization and digital economy, corporate governance, risk management, and risk development, followed by a quantitative econometric analysis which utilizes regressions stipulating the scale of the impact. In the second part, the author presents the law of AI, covering topics such as the law of electronic technology, legal issues, AI and intellectual property rights, and legalizing AI. Case studies from different countries are presented, as well as a specific analysis of international law and common law. This book is a must-read for scholars and students of law, economics, and business, as well as policy-makers and practitioners, interested in a better understanding of legal and economic aspects and issues of AI and how to deal with them.

The book deals with digital technology which is transforming the landscape of dispute resolution. It illustrates the application of AI in the legal field and shows the future prospect of robo-justice for an AAI society in the advanced artificial intelligence era. In other words, the present justice system and the influence of current AI upon courts and arbitration are investigated. The transforming role of AI on all legal fields is examined thoroughly by giving answers concerning AI legal personality and liability. The analysis shows that digital technology is generating an ever-growing number of disputes and at the same time is challenging the effectiveness and reach of traditional dispute resolution avenues. To that extent, the book presents in tandem the impact of AI upon courts and arbitration, and reveals the role of AAI in generating a new robo-justice system. Finally, the end of the perplexing relation of courts and arbitration is evidenced methodically and comprehensively.  

The regulation of insider trading prohibits insiders from using inside information in securities transactions, and the central goal of the regulator is to preclude non-public information from circulating in the stock markets. The goal of legislation against insider trading is the same as that of legislation against market manipulation, making certain the integrity of EU financial markets and so boosting investor confidence in those markets. Market manipulation and insider trading are interrelated and based on circulation of information, and so cyberspace & e-logistics of information could be the key to neutralising people from taking advantage of their privilege to govern information within a company. Insider trading moves prices because outsiders decode information from the trade itself. Insider trading increases capital costs for the reason that insider trading raises the cost to market-makers in a companys securities relative to other companies, decreasing the anticipated return to uninformed shareholders. Corporate insiders are clearly informed about their own firms. The insiders outperformance derives from either their analytical skill or the handling of superior information about their companies when trading. Insiders benefit from unexpected losses on top of gains and so have a perverse incentive to trigger the company to under-perform if insider trading is permitted. Securities are vital, not only as investment vehicles, but also as devices for corporate control. A peaceful European Revolution should bring forward European nations and the USE/European Federation, which can deal with insider trading, criminal law, and other political/economical components in a harmonious way while avoiding any conflict among the various jurisdictions taking place in the present EU.

Globalization is a complex, forceful, legal and social process that takes place within an integrated whole with no regard for geographical boundaries. Financial globalization is criticized for consequential increases in economic volatility and disruptions to monetary policy autonomy. Globalization increases the vulnerability of economies to shock while restraining the apparatus that central banks and policy authorities have for dealing with said shocks engendered at home and abroad. Globalization and corporate governance interact to deal with governance issues arising from the globalization of business. Corporate governance is, to a great extent, a set of means through which outside investors protect themselves against expropriation by insiders. Risk management is at the centre of all financial actions. Moreover, risk management is a two-step course: firstly, it is necessary to uncover what risks exist in an investment and then deal with those risks in a way best-suited to a corporation's investment objectives. Financial markets have been liberalized around the globe. Banks advance their capacity to administer credit risk function with greater leverage by lending more of their assets to risky borrowers. In a market-based financial system, banking and capital market advancements are undividable and funding circumstances are tied to fluctuations in the control of market-based financial intermediaries. Risk management has become a momentous element of company management after the modern financial crisis.

The book deals with digital technology which is transforming the landscape of dispute resolution. It illustrates the application of AI in the legal field and shows the future prospect of robo-justice for an AAI society in the advanced artificial intelligence era. In other words, the present justice system and the influence of current AI upon courts and arbitration are investigated. The transforming role of AI on all legal fields is examined thoroughly by giving answers concerning AI legal personality and liability. The analysis shows that digital technology is generating an ever-growing number of disputes and at the same time is challenging the effectiveness and reach of traditional dispute resolution avenues. To that extent, the book presents in tandem the impact of AI upon courts and arbitration, and reveals the role of AAI in generating a new robo-justice system. Finally, the end of the perplexing relation of courts and arbitration is evidenced methodically and comprehensively.

This book presents a comprehensive analysis of the alterations and problems caused by new technologies in all fields of politics. It further examines the impact of artificial intelligence (AI) on the nexus between politics, economics, and law. The book raises and answers several important questions: What is the role of AI in politics? Are people prepared for the challenges presented by technical developments? How will Al affect future politics and human society? How can politics and law deal with Al's disruptive technologies? What impact will AI and technology have on law? How can efficient cooperation between human beings and AI be shaped? Can artificial intelligence automate public decision-making? Topics discussed in the book include, but are not limited to digital governance, public administration, digital economy, corruption, democracy and voting, legal singularity, separation of power, constitutional rights, GDPR in politics, AI personhood, digital politics, cyberspace sovereignty, cyberspace transactions, and human rights. This book is a must-read for scholars and students of political science, law, and economics, as well as policy-makers and practitioners, interested in a better understanding of political, legal, and economic aspects and issues of AI.

Europe is currently caught in a malfunction triangle between national politics, European policies, and global markets. Moreover, the democratic politics of the EU have remained national. Moreover, a single currency has been established without establishing a set of institutions to facilitate any regions of Europe to operate efficiently. The European area has been going through a lengthened period of weak economic activity and very low inflation, and there is a need to strengthen its Economic and Monetary Union, based on political stability, so as to upsurge its resilience to economic shocks. To that extent, uncertainty and political fragmentation have been amplified significantly in the aftermath of financial crises, which have been economically destructive, making crisis resolution more problematic. The crisis across Europe has led to a failure in confidence in European institutions, leading to political fragmentation of positions among Member States, and stirring up nationalistic instincts. This has impeded decision-making, averting the formation of a common growth strategy. Nevertheless, it is essential to move towards the establishment of the United States of Europe in order to avoid the collapse and disintegration of the EU.

Arbitration is one form of alternative dispute resolution (ADR). It must be taken into account that ADR was envisioned as an alternative to litigation, with its own manifest of substantive and procedural characteristics. To that extent, arbitration enhances access to justice by permitting claimants to bring claims they could not afford to bring to court. International commercial arbitration is a legally binding dispute resolution process that substitutes for domestic courts. Arbitration began as an extrajudicial mechanism for resolving disputes. Arbitration took its rise in the very infancy of Society as a private and self-contained method, distinctive from litigation and not as a postscript to the development of public courts. Has this fact been shared by state legislation and modern arbitration practice or has arbitration been developed into an appendage of the courts? Merchants established arbitration tribunals because they felt that the courts were not sufficiently knowledgeable about commercial customs and were exceptionally slow and unwieldy. National arbitration, international commercial arbitration, and investor-state arbitration have developed on parallel but separate tracks, each reacting to different political, economic, and social settings. Although arbitration is a quasi-judicial proceeding, it is not conducted with the same degree of formality as a judicial proceeding within the United States which means that the spirit of arbitration is the parties freedom from the strict structure of ordinary judicial proceedings. Arbitration has to guarantee legal certainty, predictability, and settlement being costless. The emergence of many non-independent arbitral tribunals creates a Gordian knot by merely adding more work for courts in order to deal with so many requests for intervention in arbitrations. The current perplexing between arbitration and courts causes only confusion, profit chances for many people and less quick and cheap justice. In addition, arbitration is judicialized dependent more and more from court rulings; this causes it to lose its advantages and become more and more costly. Because of this, its validity is questionable and it might be more productive to establish more courts to employ more judges rather than struggling with arbitration as it currently functions. Taking into account that private parties are performing an escalating number of tasks that were once accomplished by the government, privatization has become so prevalent and involves delegation of state authority to private parties. This can be seen as a legal basis for the independence of arbitration under National Authority Management Arbitration (NAMA).

Arbitration is one form of alternative dispute resolution (ADR). It must be taken into account that ADR was envisioned as an alternative to litigation, with its own manifest of substantive and procedural characteristics. To that extent, arbitration enhances access to justice by permitting claimants to bring claims they could not afford to bring to court. International commercial arbitration is a legally binding dispute resolution process that substitutes for domestic courts. Arbitration began as an extrajudicial mechanism for resolving disputes. Arbitration took its rise in the very infancy of Society as a private and self-contained method, distinctive from litigation and not as a postscript to the development of public courts. Has this fact been shared by state legislation and modern arbitration practice or has arbitration been developed into an appendage of the courts? Merchants established arbitration tribunals because they felt that the courts were not sufficiently knowledgeable about commercial customs and were exceptionally slow and unwieldy. National arbitration, international commercial arbitration, and investor-state arbitration have developed on parallel but separate tracks, each reacting to different political, economic, and social settings. Although arbitration is a quasi-judicial proceeding, it is not conducted with the same degree of formality as a judicial proceeding within the United States which means that the spirit of arbitration is the parties freedom from the strict structure of ordinary judicial proceedings. Arbitration has to guarantee legal certainty, predictability, and settlement being costless. The emergence of many non-independent arbitral tribunals creates a Gordian knot by merely adding more work for courts in order to deal with so many requests for intervention in arbitrations. The current perplexing between arbitration and courts causes only confusion, profit chances for many people and less quick and cheap justice. In addition, arbitration is judicialized dependent more and more from court rulings; this causes it to lose its advantages and become more and more costly. Because of this, its validity is questionable and it might be more productive to establish more courts to employ more judges rather than struggling with arbitration as it currently functions. Taking into account that private parties are performing an escalating number of tasks that were once accomplished by the government, privatization has become so prevalent and involves delegation of state authority to private parties. This can be seen as a legal basis for the independence of arbitration under National Authority Management Arbitration (NAMA).

Intellectual property is at the centre of the "new economy". New economy products are characterised by declining average costs over a range of output, high rates of innovation, and network effects. The return deriving from IPRs is directly correlated to the duration as well as the scope of those rights. The center of IP rights has moved further and further upstream over the past century, to the point of now protecting living organisms, basic research tools, and procedural methods as well as mathematical algorithms and databases. Globalisation and the exploitation of ICT open up opportunities for promoting democracy and wealth in poorer countries. Efficiency-seeking FDI increases competitiveness and the trademark of the competition law is the protection of those principles and practices which facilitate the efficient functioning of markets. Capital flows, in particular FDI, are one of the crucial components of globalisation and international integration. FDIs capitulate more benefits than other types of financial flows in addition to increasing domestic capital stock. This book describes in detail the law and economics of IPRs.

Globalisation is characterised by the increase of MNEs, an increased role for international financial institutions, and/or an explosion of multilateral agreements and arrangements. Vertical integration mirrors the spatial dispersal of supplies, raw materials, crucial inputs and intermediate products. MNEs reach advantages owing to both vertical and horizontal integration. Global network organisations more and more perceive the relocation of HQ activities as the next movement in the optimisation of their global networks. The EU should be transformed into a federation, the United States of Europe (USE), with a common federal economy solving current political, societal and economic problems within EU. The United States of Europe (USE) would be a much more attractive environment for the location of MNEs with all advantages for the whole EU area, such as transfer of technology. s shift income into low-tax states through transfer pricing and debt financing. There is a swift development and emergence of e-MNEs on such things as line shops and emergence of e-logistics, but there is a long distance towards a real overwhelming spread of e-MNEs. Risk management has become more and more important in the financial industry. The business of global governance is set to become one of the key international policy issues of the twenty-first century.

Governance designates all regulations intended for organisation and centralisation of human societies on a global scale. The management of corporations organises the efforts of individuals in order to achieve aims and objectives using available resources inventively and efficiently. Risk management is a practice of steadily choosing cost-effective tactics for diminishing the consequence of threat realisation to the corporation which cannot be evaded for the reason that there are financial and practical limits, which means the acceptance of some degree of residual risks. Cyberspace strengthens national and global governance. E-business involves the total digitisation of value chains and business processes, and serving traditional organisations creates new value and reach up to that time unattained heights of operational and financial excellence. E-technology and e-commerce produce new challenges for both risk management and corporate governance which could be solved by effective utilisation of a continuous development of the means of risk management such as information technology, logistics, networks and a constantly improved ERM in order to comply with the new developments. A highly educated personnel controlled by an effective human resources management is a prime means for accomplishment of effective risk management and corporate governance in a 21st century digital economy.

21st century globalisation is distinguished by institutional and political reforms in many countries such as gradual trade liberalisation and international co-ordination of policies. This author considers globalisation as a non-stop process leading to the convergence of the civilisations, lower cost of production, controlled freedom of communications, guarded advancements of technology, shrinking of distances via advanced transportation means and the economic funds utilise their powers demolishing any local lawful revolutionary efforts exploiting the globe with a fairly democratic way at present. The global economic funds should avoid a gradually undemocratic exploitation of the globe in order to bypass/avoid a global conflict looming in the end of the road of an autocratic globalisation lacking any ethical values. Moreover, globalisation has created centres of power that are alongside, even in competition, with the power of states. Innovation demands extensive up-front R&D costs and strong intellectual property protection is not disconnected from competition principles, but rather, is a vital part of antitrust policy as a whole. Sound intellectual property rights protection creates the competitive environment required to allow companies to profit from their inventions, which encourages innovation efforts.

Globalization has let into the emergence of the called new/digital economy which assimilates in a great degree IPRs. To that extent, in a knowledge-driven economy, the successful protection of IPR is emerging as a crucial ingredient of commercial triumph. Intellectual Property Rights (IPRs) are the intangible capital forming FDI that has significantly changed the landscape of the global economy. Thus, IPRs protection is a vital means in attracting FDI inflows contributing to the growth of a country. Which is the role of IPRs in attracting FDI, GDP growth and Trade? The current work via a quantitative analysis of IPRs laws of 79 countries and an econometric analysis provides an answer. The present work is useful to Lawyers, Economists, Researchers and College Students.

Globalisation is the phenomenon of improved integration of the world economy as evidenced by the growth of international trade and factor mobility. Globalisation involves primarily liberalisation of trade in goods and services, and a free movement of direct and portfolio capital. Nowadays, globalisation is distinguished in part because of the major role of information technology and cyberspace. Cyberspace includes a range of places connected to real space in many different ways. A communications network changes the character of existing space. Thus, changes in the ways that information is experienced and the ways that economic, political, and personal dealings are structured, change the nature of real space. There is a shift from international law to law and globalisation providing a new incentive for erasing the artificial boundary between public and private international law. Despite the fact that international financial institutions and MNEs are the engines of economic globalisation, powerful states remain the vital drivers. Global governance is defined as the amount of laws, norms, policies, and institutions that identify, constitute, and mediate trans-border relations between states, cultures, citizens, intergovernmental and non-governmental organisations, and the market. Corporate governance focuses wholly on protecting the interests of equity claimants in a company, expanding its focus to deal with the problems of "stakeholders" or non shareholder constituencies. New communication and circulation technologies together with the elimination of trade and investment barriers have shaped global markets with global competition for corporate control, commodities, services and capital. MNEs taking up a transnational strategy seek to achieve concurrently global effectiveness and local responsiveness with the assets and activities dispersed but specialised.

In "Constitution, Arbitration and Courts", arbitration is examined as it began, as an extra-judicial mechanism for resolving disputes. Private arbitration predates the public court system. The ancient Sumerians, Persians, Egyptians, Greeks, and Romans all had a tradition of arbitration. Communities introduced arbitration systems intended to resolve their communal conflicts in accordance with custom, equity and internal law. Arbitration threatened a momentous basis of judicial business, as well as judicial jobs linked to the courts' caseloads. Courts perceived the growing status of arbitration as a favoured means for resolving business disputes and as a threat to their power. Courts have managed to get in the way of the arbitration process and to gain a role in arbitration. Thus, courts have taken the role of the guardian of public policy in a state, and so arbitration is considered not to be a safe, independent and fully alternative dispute mechanism.

International markets expand through better communication and transport technology. Transport networks are at the heart of the supply chain and are the foundation of any countrys economy. Transport is a foundation of the European integration procedure. The present framework of international carriage law is made up of a collection of conventions. The legal document establishing the contractual link between the parties involved in the contract of carriage is the bill of lading. Ocean bills of lading have an inherent value as security to banks that finance the sale of the underlying cargo or the documents themselves, and they enable their lawful holders to sell the cargo whilst in transit by transfer of the document. Containerisation brought about a revolution in the transport industry. All transport conventions set diverse liability limits and mirror dissimilar communities of interest among different transport modes. A carriers liability limitation in international carriage conventions is a consequence of international trade practice. The transport systems have become a source of environmental and social costs. The author discusses these issues and more in this important book on international markets and transportation.