Articles in ‘Law and Economics’

Trading at the Speed of Light

November 13, 2014 | Issue 91

What does Einstein’s Theory of Relativity have to do with securities law? According to Joe Grundfest, JD ’78, potentially quite a lot. In collaboration with two University of California physicists, he’s intent on figuring out how it impacts the timing of information dissemination in today’s era of high-frequency trading (HFT). [...]

Law and Business in Emerging Markets

June 7, 2013 | Issue 88

When Leith Masri was helping to put together Microsoft’s first investment in the Arab world in 2002, he hit a roadblock—Jordanian law didn’t have the corporate structure Microsoft’s deal negotiators wanted. At the time, the government of Jordan recognized only two corporate forms: limited-liability companies or full-fledged publicly traded corporations.

Lessons Not Learned: The Derivatives 
Market and 
Continued Risks

June 5, 2013 | Issue 88

Toward the end of the PBS FRONTLINE documentary about the 2007 economic crisis “The Warning,” former SEC chairman Arthur Levitt issued something of an apology to Brooksley Born, saying “I’ve come to know her as one of the most capable, dedicated, intelligent, and committed public servants. … I wish I knew her better in Washington. I could have done much 
better. I could have made a difference.”