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The principle of non-retroactivity is widely recognized for international laws such as treaties, [1] although treaties can have retroactive effect if the parties so intend. [2] It is also widely recognized in criminal law, at least to the extent of prohibiting criminal sanctions that were not in place at the time of the crime.
Retroactive application of law is prohibited by the Article 3 of the Polish civil code, and the legal rule prohibiting such retroactive application is commonly memorised as a Latin sentence Lex retro non agit ("A law does not apply retroactively"). The said article, however, allows retroactive application of an Act of Parliament if it is ...
The Journal is the first student-run journal of law and economics in legal academia. [3] The journal is cited widely throughout state and federal courts, including notably in an opinion by D.C. Circuit U.S. federal judge Neomi Rao in District of Columbia v. Exxon Mobil Corp. [4] It also holds symposia regularly on relevant legal challenges. [5]
The historical antecedents of law and economics can be traced back to the classical economists, who are credited with the foundations of modern economic thought.As early as the 18th century, Adam Smith discussed the economic effects of mercantilist legislation; later, David Ricardo opposed the British Corn Laws on the grounds that they hindered agricultural productivity; and Frédéric Bastiat ...
Corner Post, Inc. v. Board of Governors of the Federal Reserve System, 603 U.S. 799 (2024), is a United States Supreme Court case about the statute of limitations for judicial review of federal agency rulemaking under the Administrative Procedure Act.
WASHINGTON (Reuters) - The U.S. Supreme Court on Thursday upheld the federal government's authority under a 2006 law to require thousands of sex offenders to register with authorities in the ...
Thirlwall's law (named after Anthony Thirlwall) states that if long-run balance of payments equilibrium on current account is a requirement, and the real exchange rate stays relatively constant, then the long run growth of a country can be approximated by the ratio of the growth of exports to the income elasticity of demand for imports (Thirlwall, 1979).
Indirect effect is a principle of the European Union (EU) law, whereby national courts of the member states of the EU are required to interpret national law in line with provisions of EU law. The principle of indirect effect contrasts with the principle of direct effect , which, under certain conditions, allows individuals to invoke the EU law ...