Washington and Lee law professor Christopher Bruner’s recent paper on the role of small jurisdictions in cross-border corporate and financial services, Market-Dominant Small Jurisdictions in a Globalizing Financial World, was one of seven papers selected for discussion at the Annual Comparative Law Work-in-Progress Workshop. The event, co-sponsored by the American Society of Comparative Law, will take place at the UCLA School of Law on March 7-8, 2014.
From the abstract:
“Over recent decades small jurisdictions have become big players in cross-border corporate and financial services. To date, however, their nature, legal status, and market roles remain under-theorized. Lacking a coherent vocabulary to describe the functions that such jurisdictions perform – and the peculiar strengths of those small jurisdictions actually achieving substantial success in the global financial marketplace – we find ourselves unable to evaluate their social and economic impacts in a nuanced and rigorous manner. Accordingly, this article proposes a new conceptual framework with the dual aim of refining the debate regarding the legitimacy and desirability of their activities, and reorienting that debate toward more productive inquiries.”