Abstract: The United Nations Framework Convention on Climate Change (UNFCCC) negotiations are evolving to reflect changes in national and global economic circumstances. However, this shift has been far smaller in the critical issue of climate finance, which remains too mired in an increasingly antiquated North–South, developed–developing country dichotomy. This inertia poses a serious thre…
Global trade depends on the ability of firms to make credible commitments across borders. Absent a global state to enforce contracts, how can credibility be assured?Today, the majority of significant transborder contract disputes are adjudicated in private arbitral tribunals. The decisions of these bodies are enforceable in the public courts of the 146 countries that have ratified the 1958 New …