Contracts In Crises

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The Effects of Financial Crises on the Binding Force of Contracts - Renegotiation, Rescission or Revision

Author : Başak Başoğlu
Publisher : Springer
ISBN 13 : 331927256X
Total Pages : 340 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis The Effects of Financial Crises on the Binding Force of Contracts - Renegotiation, Rescission or Revision by : Başak Başoğlu

Download or read book The Effects of Financial Crises on the Binding Force of Contracts - Renegotiation, Rescission or Revision written by Başak Başoğlu and published by Springer. This book was released on 2016-02-25 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is about one of the most controversial dilemmas of contract law: whether or not the unexpected change of circumstances due to the effects of financial crises may under certain conditions be taken into account. Growing interconnectedness of global economies facilitates the spread of the effects of the financial crises. Financial crises cause severe difficulties for persons to fulfill their contractual obligations. During the financial crises, performance of contractual obligations may become excessively onerous or may cause an excessive loss for one of the contracting parties and consequently destroy the contractual equilibrium and legitimate the governmental interventions. Uncomfortable economic climate leads to one of the most controversial dilemmas of the contract law: whether the binding force of the contract is absolute or not. In other words, unstable economic circumstances impose the need to devote special attention to review and perhaps to narrow the binding nature of a contract. Principle of good faith and fair dealing motivate a variety of theoretical bases in order to overcome the legal consequences of financial crises. In this book, all these theoretical bases are analyzed with special focus on the available remedies, namely renegotiation, rescission or revision and the circumstances which enables the revocation of these remedies. The book collects the 19 national reports and the general report originally presented in the session regarding the Effects of Financial Crises on the Binding Force of Contracts: Renegotiation, Rescission or Revision during the XIXth congress of the International Academy of Comparative Law, held in Vienna, July 2014.

Contracts in Crises

Author : Richard E. Speidel
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Contracts in Crises by : Richard E. Speidel

Download or read book Contracts in Crises written by Richard E. Speidel and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On the Economics of Crisis Contracts

Author : Elias Aptus
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (885 download)

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Book Synopsis On the Economics of Crisis Contracts by : Elias Aptus

Download or read book On the Economics of Crisis Contracts written by Elias Aptus and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the impact of so-called "Crisis Contracts" on bank managers' risk-taking incentives and on the probability of banking crises. Under a Crisis Contract, managers are required to contribute a pre-specified share of their past earnings to finance public rescue funds when a crisis occurs. This can be viewed as a retroactive tax that is levied only when a crisis occurs and that leads to a form of collective liability for bank managers. We develop a game-theoretic model of a banking sector whose shareholders have limited liability, so that society at large will suffer losses if a crisis occurs. Without Crisis Contracts, the managers' and shareholders' interests are aligned, and managers take more than the socially optimal level of risk. We investigate how the introduction of Crisis Contracts changes the equilibrium level of risk-taking and the remuneration of bank managers. We establish conditions under which the introduction of Crisis Contracts will reduce the probability of a banking crisis and improve social welfare. We explore how Crisis Contracts and capital requirements can supplement each other and we show that the efficacy of Crisis Contracts is not undermined by attempts to hedge.

Of Banks And Crises

Author : Cristina Peicuti
Publisher : World Scientific
ISBN 13 : 1800615639
Total Pages : 171 pages
Book Rating : 4.8/5 (6 download)

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Book Synopsis Of Banks And Crises by : Cristina Peicuti

Download or read book Of Banks And Crises written by Cristina Peicuti and published by World Scientific. This book was released on 2024-04-29 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'It is a familiar remark that only 'the rich can borrow,' and the experience of every day seems to prove it. Yet the poor also may have need of credit, even more than the rich. How, then, can they obtain it? This problem is easily solved by cooperation. An isolated laborer or artisan, no matter how honest or industrious he may be, cannot furnish sufficient guarantee for a loan. Sickness, loss of work, and death, may at any time overtake him and make it impossible, despite his best intentions, to pay back what he has borrowed. But if laborers or artisans to the number of ten, a hundred, or a thousand, are grouped in an organization, and held together, if need be, by the ties of collective responsibility, the security they have to offer will be considerably greater, and they will find it much easier to obtain credit without falling into the hands of usurers. The dues which are paid to such an organization, moreover, will ultimately build up to a large amount of capital which the organization can lend to its members.'Charles GidePrinciples of Economic Policy (1984), Boston USA: DC Heath & Co, publishers translated by C Williams A VerditzA professor of economics, who predicted the subprime mortgage crisis in her doctoral thesis at the Sorbonne between 2006 and 2009, and the general secretary of a major bank analyse the role of banks in triggering the Great Depression and the Great Recession, as well as in helping companies out of the COVID-19 crisis and into the New Environmental Cycle. The book focuses on the dynamics of financial crises that led to the Second World War, Brexit and Donald Trump's presidency. It also chronicles the metamorphosis of the banking profession over the centuries and its reinvention by cooperative banks by and for their customers.

Psychological contract and the financial crisis

Author : Fotini Mastroianni
Publisher : GRIN Verlag
ISBN 13 : 3668398623
Total Pages : 22 pages
Book Rating : 4.6/5 (683 download)

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Book Synopsis Psychological contract and the financial crisis by : Fotini Mastroianni

Download or read book Psychological contract and the financial crisis written by Fotini Mastroianni and published by GRIN Verlag. This book was released on 2017-02-16 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2012 in the subject Economics - Job market economics, , language: English, abstract: A key example of drastic change in today's global working environment with important consequences for employees since the diversification of all aspects of work is the transformation of the "psychological contract" among employees and their organizations. As such "psychological contract" is defined by Rousseau (1995) as "the belief that a person for the terms and conditions of a mutual agreement transaction between him/her and another participant, in this case between the employee and the organization". More specifically, the term "psychological contract" refers to mutual obligations, values, expectations and desires of employees from their employers, beyond any formal employment contract. In other words, it is a transaction relationship, where employees and employers have certain expectations about their mutual obligations, which are, of course, different for each employee and significantly affect what each side believes is its obligation. The psychological contract has been characterized in a various ways, for example, as "unstable, subjective, unconscious, indirect, alive, something that employees know it exists, only when it is changed" (Appelbaum et al.).

Liquidity and Crises

Author : Franklin Allen
Publisher : Oxford University Press
ISBN 13 : 0199780935
Total Pages : pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Liquidity and Crises by : Franklin Allen

Download or read book Liquidity and Crises written by Franklin Allen and published by Oxford University Press. This book was released on 2010-11-30 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises have been pervasive for many years. Their frequency in recent decades has been double that of the Bretton Woods Period (1945-1971) and the Gold Standard Era (1880-1993), comparable only to the period during the Great Depression. Nevertheless, the financial crisis that started in the summer of 2007 came as a great surprise to most people. What initially was seen as difficulties in the U.S. subprime mortgage market, rapidly escalated and spilled over first to financial markets and then to the real economy. The crisis changed the financial landscape worldwide and its full costs are yet to be evaluated. One important reason for the global impact of the 2007-2009 financial crisis was massive illiquidity in combination with an extreme exposure of many financial institutions to liquidity needs and market conditions. As a consequence, many financial instruments could not be traded anymore, investors ran on a variety of financial institutions particularly in wholesale markets, financial institutions and industrial firms started to sell assets at fire sale prices to raise cash, and central banks all over the world injected huge amounts of liquidity into financial systems. But what is liquidity and why is it so important for firms and financial institutions to command enough liquidity? This book brings together classic articles and recent contributions to this important field of research. It provides comprehensive coverage of the role of liquidity in financial crises and is divided into five parts: (i) liquidity and interbank markets; (ii) the public provision of liquidity and regulation; (iii) money, liquidity and asset prices; (iv) contagion effects; (v) financial crises and currency crises.

Understanding Financial Crises

Author : Franklin Allen
Publisher : OUP Oxford
ISBN 13 : 0191622869
Total Pages : 320 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis Understanding Financial Crises by : Franklin Allen

Download or read book Understanding Financial Crises written by Franklin Allen and published by OUP Oxford. This book was released on 2009-04-02 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: What causes a financial crisis? Can financial crises be anticipated or even avoided? What can be done to lessen their impact? Should governments and international institutions intervene? Or should financial crises be left to run their course? In the aftermath of the Asian financial crisis, many blamed international institutions, corruption, governments, and flawed macro and microeconomic policies not only for causing the crisis but also unnecessarily lengthening and deepening it. Based on ten years of research, the authors develop a theoretical approach to analyzing financial crises. Beginning with a review of the history of financial crises and providing readers with the basic economic tools needed to understand the literature, the authors construct a series of increasingly sophisticated models. Throughout, the authors guide the reader through the existing theoretical and empirical literature while also building on their own theoretical approach. The text presents the modern theory of intermediation, introduces asset markets and the causes of asset price volatility, and discusses the interaction of banks and markets. The book also deals with more specialized topics, including optimal financial regulation, bubbles, and financial contagion.

Public Procurement Regulation in (a) Crisis?

Author : Sue Arrowsmith
Publisher : Bloomsbury Publishing
ISBN 13 : 1509943056
Total Pages : 560 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis Public Procurement Regulation in (a) Crisis? by : Sue Arrowsmith

Download or read book Public Procurement Regulation in (a) Crisis? written by Sue Arrowsmith and published by Bloomsbury Publishing. This book was released on 2021-11-04 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book provides the first systematic analysis of global public procurement regulation and policy during and beyond the COVID-19 pandemic. Through both thematic chapters and national case studies, this book: - explores the adequacy of traditional legal frameworks for emergency procurement; - examines how governments and international organisations have responded specifically to the pandemic; and - considers how the experience of the pandemic and the political impetus for reform might be leveraged to improve public procurement more broadly. Public procurement has been critical in delivering vital frontline public services both in the health sector and elsewhere, with procurement of ventilators, protective equipment and new hospitals all hitting the headlines. At the same time, procurers have faced the challenge of adjusting existing contracts to a new reality where, for example, some contracted services can no longer operate. Further, efficient and effective procurement will be an essential, and not a luxury, in the economic recovery. With case studies on Italy, the UK, the USA, India, Singapore, Africa, Latin America and China, the book brings together the world's leading academics and practitioners from across Europe, the Americas, Asia and Africa to examine these issues, providing an essential resource for policy makers, legislators, international organisations and academics.

The Handbook of the Political Economy of Financial Crises

Author : Martin H. Wolfson
Publisher : Oxford University Press
ISBN 13 : 0199324077
Total Pages : 784 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Handbook of the Political Economy of Financial Crises by : Martin H. Wolfson

Download or read book The Handbook of the Political Economy of Financial Crises written by Martin H. Wolfson and published by Oxford University Press. This book was released on 2013-01-07 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Great Financial Crisis that began in 2007 reminds us with devastating force that financial instability and crises are endemic to capitalist economies, and that it is only strong and dynamically-changing financial regulations that can keep the damage caused by these crises within bounds. The international financial system and individual national economies, including that of the United States, are suffering from the aftermath of the worst financial crisis since the Great Depression. Economists are struggling to understand the origins and implications of the crisis. The Handbook of the Political Economy of Financial Crises uses a political economy theoretical framework to analyze the crisis. After an opening chapter that describes the dimensions of the current crisis, the next section provides relevant theoretical frameworks. Subsequent sections apply these theoretical frameworks to analyze the background, dimensions, and implications of the crisis for the world economy. Leading scholars push forward our understanding of how and why our international and domestic economies are susceptible to financial breakdown and what can be done to mitigate this problem in the future. The methodology throughout applies theoretical concepts in the context of an historical and institutional understanding of the real world. By emphasizing the historical and institutional aspects of financial crises, the authors advance economic knowledge and provide insights into how we can manage our financial system to improve the lives of ordinary people.

Encyclopedia of Crisis Management

Author : K. Bradley Penuel
Publisher : SAGE Publications
ISBN 13 : 1506354998
Total Pages : 1177 pages
Book Rating : 4.5/5 (63 download)

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Book Synopsis Encyclopedia of Crisis Management by : K. Bradley Penuel

Download or read book Encyclopedia of Crisis Management written by K. Bradley Penuel and published by SAGE Publications. This book was released on 2013-02-14 with total page 1177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although now a growing and respectable research field, crisis management—as a formal area of study—is relatively young, having emerged since the 1980s following a succession of such calamities as the Bhopal gas leak, Chernobyl nuclear accident, Space Shuttle Challenger loss, and Exxon Valdez oil spill. Analysis of organizational failures that caused such events helped drive the emerging field of crisis management. Simultaneously, the world has experienced a number of devastating natural disasters: Hurricane Katrina, the Japanese earthquake and tsunami, etc. From such crises, both human-induced and natural, we have learned our modern, tightly interconnected and interdependent society is simply more vulnerable to disruption than in the past. This interconnectedness is made possible in part by crisis management and increases our reliance upon it. As such, crisis management is as beneficial and crucial today as information technology has become over the last few decades. Crisis is varied and unavoidable. While the examples highlighted above were extreme, we see crisis every day within organizations, governments, businesses and the economy. A true crisis differs from a "routine" emergency, such as a water pipe bursting in the kitchen. Per one definition, "it is associated with urgent, high-stakes challenges in which the outcomes can vary widely (and are very negative at one end of the spectrum) and will depend on the actions taken by those involved." Successfully engaging, dealing with, and working through a crisis requires an understanding of options and tools for individual and joint decision making. Our Encyclopedia of Crisis Management comprehensively overviews concepts and techniques for effectively assessing, analyzing, managing, and resolving crises, whether they be organizational, business, community, or political. From general theories and concepts exploring the meaning and causes of crisis to practical strategies and techniques relevant to crises of specific types, crisis management is thoroughly explored. Features & Benefits: A collection of 385 signed entries are organized in A-to-Z fashion in 2 volumes available in both print and electronic formats. Entries conclude with Cross-References and Further Readings to guide students to in-depth resources. Selected entries feature boxed case studies, providing students with "lessons learned" in how various crises were successfully or unsuccessfully managed and why. Although organized A-to-Z, a thematic "Reader′s Guide" in the front matter groups related entries by broad areas (e.g., Agencies & Organizations, Theories & Techniques, Economic Crises, etc.). Also in the front matter, a Chronology provides students with historical perspective on the development of crisis management as a discrete field of study. The work concludes with a comprehensive Index, which—in the electronic version—combines with the Reader′s Guide and Cross-References to provide thorough search-and-browse capabilities. A template for an "All-Hazards Preparedness Plan" is provided the backmatter; the electronic version of this allows students to explore customized response plans for crises of various sorts. Appendices also include a Resource Guide to classic books, journals, and internet resources in the field, a Glossary, and a vetted list of crisis management-related degree programs, crisis management conferences, etc.

Crisis Construction in Contract Boilerplate

Author : Emily Strauss
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Crisis Construction in Contract Boilerplate by : Emily Strauss

Download or read book Crisis Construction in Contract Boilerplate written by Emily Strauss and published by . This book was released on 2019 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why might judges interpret a boilerplate contractual clause to reach a result clearly at odds with its plain language? Though courts don't acknowledge it, one reason might be economic crisis. Boilerplate provisions are pervasive, and enforcing some clauses as written might cause additional upheaval during a panic. Under such circumstances, particularly where other government interventions to shore up the market are exhausted, one can make a compelling argument that courts should interpret an agreement to help stabilize a situation threatening to spin out of control. This Article argues that courts have in fact done this by engaging in “crisis construction.” Crisis construction refers to the act of interpreting contractual language in light of concurrent economic turmoil. In the aftermath of the financial crisis, trustees holding residential mortgage backed securities sued securities sponsors en masse on contracts warranting the quality of the mortgages sold to the trusts. These contracts almost universally contained provisions requiring sponsors to repurchase individual noncompliant loans on an individual basis. Nevertheless, court after court permitted trustees to prove their cases by sampling rather than forcing them to proceed on a loan by loan basis.While the reasoning of these decisions is frequently dubious, they gave trustees the leverage to salvage millions - even billions - of dollars in settlements from the sponsors who had sold the shoddy loans, reassuring investors that sponsors would be forced to stand behind their contracts. However, as the crisis ebbed, courts retrenched, and more recent decisions adhere to the plain language requiring loan-by-loan repurchase. I argue that the rise and fall of decisions permitting sampling reflect a largely unexpressed judgment that in times of severe economic crisis, courts may produce decisions to help stabilize the economy. I further examine why these provisions appear to have persisted in MBS contracts.

Digging Out

Author : Charles Clark
Publisher : iUniverse
ISBN 13 : 1462019854
Total Pages : 268 pages
Book Rating : 4.4/5 (62 download)

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Book Synopsis Digging Out by : Charles Clark

Download or read book Digging Out written by Charles Clark and published by iUniverse. This book was released on 2011-07-27 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: In hard times, dissension mounts. The old social contract flounders and cannot be revived. Forces of reaction assert themselves. Danger intensifies. In dark times, opportunity appears. Such is our time. It is time to debate and define the next social contract, to articulate its political aims and action plan. It is time to change the world. In Digging Out: Global Crisis and the Search for a New Social Contract, two brothers from the social and environmental justice movements engage this debate with a revolutionary proposal rooted in the power dynamics of the worlds rising service-based economy. They provide a theoretical framework to reinterpret and address festering world problems through local and global initiatives. They urge cultural reinvigoration to deploy our social skills and innovation in service of others. Their proposal confirms the leading role of civil society, and it calls for a worldwide commercial transaction fee to curb financial speculation while adequately and permanently funding a sustainable future. Digging Out proposes a new social contract to advance economic security, social justice, and ecological restoration worldwide. It is a clarion call, urging us to unite and demand the changes necessary for a better tomorrow.

A History of Financial Crises

Author : Cihan Bilginsoy
Publisher : Routledge
ISBN 13 : 1317703812
Total Pages : 500 pages
Book Rating : 4.3/5 (177 download)

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Book Synopsis A History of Financial Crises by : Cihan Bilginsoy

Download or read book A History of Financial Crises written by Cihan Bilginsoy and published by Routledge. This book was released on 2014-11-27 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Once-in-a-lifetime" financial crises have been a recurrent part of life in the last three decades. It is no longer possible to dismiss or ignore them as aberrations in an otherwise well-functioning system. Nor are they peculiar to recent times. Going back in history, asset price bubbles and bank-runs have been an endemic feature of the capitalist system over the last four centuries. The historical record offers a treasure trove of experience that may shed light on how and why financial crises happen and what can be done to avoid them - provided we are willing to learn from history. This book interweaves historical accounts with competing economic crisis theories and reveals why commentaries are often contradictory. First, it presents a series of episodes from tulip mania in the 17th century to the subprime mortgage meltdown. In order to tease out their commonalities and differences, it describes political, economic, and social backgrounds, identifies the primary actors and institutions, and explores the mechanisms behind the asset price bubbles, crashes, and bank-runs. Second, it starts with basic economic concepts and builds five competing theoretical approaches to understanding financial crises. Competing theoretical standpoints offer different interpretations of the same event, and draw dissimilar policy implications. This book analyses divergent interpretations of the historical record in relation to how markets function, the significance of market imperfections, economic decision-making process, the role of the government, and evolutionary dynamics of the capitalist system. Its diverse theoretical and historical content of this book complements economics, history and political science curriculum.

Financial Crises

Author : Stelios Markoulis
Publisher : BoD – Books on Demand
ISBN 13 : 1789238579
Total Pages : 118 pages
Book Rating : 4.7/5 (892 download)

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Book Synopsis Financial Crises by : Stelios Markoulis

Download or read book Financial Crises written by Stelios Markoulis and published by BoD – Books on Demand. This book was released on 2021-01-14 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book on financial crises is written at a time when the whole world is facing another crisis, a different one this time; one that is related to our health, as well as the economy in a painful manner. The first chapter of this book focuses on the economic effects of this crisis with particular emphasis on the financial sector. The remainder of the book presents a selection of readings related to the GFC. These touch upon issues such as corporate governance; the effect of the collapse of the Lehman Brothers on the net-worth of financial and non-financial firms; securitization and why the alchemy “did not work”; and finally, a case-study on Turkey and in particular the Turkish short-term interest rates and exchange rates and their relationship to political developments.

Fighting Financial Crises

Author : Gary B. Gorton
Publisher : University of Chicago Press
ISBN 13 : 022647965X
Total Pages : 245 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Fighting Financial Crises by : Gary B. Gorton

Download or read book Fighting Financial Crises written by Gary B. Gorton and published by University of Chicago Press. This book was released on 2018-09-19 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you’ve got money in the bank, chances are you’ve never seriously worried about not being able to withdraw it. But there was a time in the United States, an era that ended just over a hundred years ago, when bank customers had to pay close attention to the solvency of the banking system, knowing they might have to rush to retrieve their savings before the bank collapsed. During the National Banking Era (1863–1913), before the establishment of the Federal Reserve, widespread banking panics were indeed rather common. Yet these pre-Fed banking panics, as Gary B. Gorton and Ellis W. Tallman show, bear striking similarities to our recent financial crisis. Fighting Financial Crises thus turns to the past to better understand our uncertain present, investigating how panics during the National Banking Era played out and how they were eventually quelled and prevented. The authors then consider the Fed’s and the SEC’s reactions to the recent crisis, building an informative new perspective on how the modern economy works.

Contractual Performance and COVID-19

Author : Franz Schwarz
Publisher : Kluwer Law International B.V.
ISBN 13 : 9403526343
Total Pages : 610 pages
Book Rating : 4.4/5 (35 download)

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Book Synopsis Contractual Performance and COVID-19 by : Franz Schwarz

Download or read book Contractual Performance and COVID-19 written by Franz Schwarz and published by Kluwer Law International B.V.. This book was released on 2021-11-25 with total page 610 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the COVID-19 pandemic continues to take its toll, contractual parties have frequently faced significant obstacles in performing their contractual obligations due to unexpected impediments arising from the pandemic and government measures taken in response. This indispensable book – the most comprehensive comparative examination of the impact of the COVID-19 pandemic on contractual performance – discusses the legal provisions and doctrines available to address these issues. The book examines under what circumstances COVID-19-related impediments may excuse contractual performance or lead to modification or termination of the affected contractual obligations in twelve representative civil and common law jurisdictions – the United States, England and Wales, Singapore, Brazil, Germany, France, Switzerland, Austria, Hong Kong, Costa Rica, China, and Russia. For each country, the book examines the following aspects in depth: the relevant fundamental legal principles; the various legal emergency valves available to an obligor to respond to COVID-19-related events; any remedies available to the obligee; selected examples for specific government measures related to particular types of contracts (e.g., construction, employment, lease agreements); and how the legal framework applies in typical factual scenarios. As further legal and factual developments occur, and with further jurisdictions being added, this publication will continue to be updated both online and in print. The book provides a detailed explanation under what conditions the emergency valves specific to each jurisdiction may apply. It cuts through the seeming complexity of the various legal rules and doctrines in these jurisdictions and shows that they often produce similar results in practice. The book thus opens up a wealth of insights for businesses, practitioners, and academics around the globe by providing an easily accessible analytical framework across key jurisdictions and typical factual scenarios. ‘Definitely mandatory reading for practitioners and academics alike!’ –Klaus Peter Berger, University of Cologne ‘Everyone who has had or is likely to have a brush with a COVID-19-induced legal issue would be well advised to keep this book within arm’s reach.’ – Davinder Singh, Davinder Singh Chambers LLC, Singapore ‘The “holy book” for all those lawyers whose clients become ensnared in the rising attempts to fix legal liability midst the rampant COVID-19.’ – Charles Brower, Twenty Essex, London

Public Procurement in (a) Crisis

Author : Christopher Yukins
Publisher :
ISBN 13 : 9781509943067
Total Pages : 304 pages
Book Rating : 4.9/5 (43 download)

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Book Synopsis Public Procurement in (a) Crisis by : Christopher Yukins

Download or read book Public Procurement in (a) Crisis written by Christopher Yukins and published by . This book was released on 2021 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This timely book provides the first systematic analysis of global public procurement regulation and policy during and beyond the COVID-19 pandemic. Through both thematic chapters and national case studies, this book: - explores the adequacy of traditional legal frameworks for emergency procurement; - examines how governments and international organisations have responded specifically to the pandemic; and - considers how the experience of the pandemic and the political impetus for reform might be leveraged to improve public procurement more broadly. Public procurement has been critical in delivering vital frontline public services both in the health sector and elsewhere, with procurement of ventilators, protective equipment and new hospitals all hitting the headlines. At the same time, procurers have faced the challenge of adjusting existing contracts to a new reality where, for example, some contracted services can no longer operate. Further, efficient and effective procurement will be an essential, and not a luxury, in the economic recovery. With case studies on Italy, the UK, the USA, India, Singapore, Africa, Latin America and China, the book brings together the world's leading academics and practitioners from across Europe, the Americas, Asia and Africa to examine these issues, providing an essential resource for policy makers, legislators, international organisations and academics."--