THE EVOLUTION OF THE GLOBAL TRADE OVER THE LAST THIRTY YEARS

THE EVOLUTION OF THE GLOBAL TRADE OVER THE LAST THIRTY YEARS Libro_EvoGlob.indb 1 28/01/2014 02:45:24 p.m. INSTITUTO DE INVESTIGACIONES JURÍDICAS

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THE EVOLUTION OF THE GLOBAL TRADE OVER THE LAST THIRTY YEARS

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INSTITUTO DE INVESTIGACIONES JURÍDICAS Serie, Doctrina Jurídica, Núm. 680. Coordinadora editorial: Elvia Lucía Flores Ávalos Asistente editorial: Karla Beatriz Templos Núñez Edición y formación en computadora: Gilda Bautista Ravelo

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THE EVOLUTION OF THE GLOBAL TRADE OVER THE LAST THIRTY YEARS INTERNATIONAL ACADEMY OF COMMERCIAL AND CONSUMER LAW

Elvia Arcelia Quintana Adriano Coordinator

UNIVERSIDAD NACIONAL AUTÓNOMA DE MÉXICO MÉXICO, 2014

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Primera edición: 8 de noviembre de 2013 Primera reimpresión: 10 de abril de 2014 DR © 2014, Universidad Nacional Autónoma de México Ciudad Universitaria, 04510 México, D. F. Instituto de Investigaciones Jurídicas Circuito Maestro Mario de la Cueva s/n Ciudad de la Investigación en Humanidades Ciudad Universitaria, 04510 México, D. F. Impreso y hecho en México – Printed in Mexico ISBN 978-607-02-4898-6

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CONTENT

Estudio preliminar. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

XI

Elvia Arcelia Quintana Adriano Preliminary study . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XVII Elvia Arcelia Quintana Adriano CHAPTER I THE EVOLUTION OF THE GLOBAL ECONOMIC SYSTEM OVER THE LAST THIRTY YEARS Evolución del derecho comercial. . . . . . . . . . . . . . . . . . . . . . . . . .

1

Elvia Arcelia Quintana Adriano The Evolution of the Global Trade over the Last Thirty Years. . .

17

Elvia Arcelia Quintana Adriano Proprietary Rights in Bank Deposits and Account Balance. . . . . .

31

Benjamín Geva The Evolution of the Global Economic System in the Last Thir ty Years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

59

Leonardo Lomelí Vanegas Commentaries about the United Nations Convention on the Use of Electronic Communications in International Contracts. . . . . Ricardo Sandoval López Class Actions in Canada – The Consumer’s Best Friend?. . . . . . . Jacob Ziegel

69 83

VII

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VIII

CONTENT

CHAPTER II THE EVOLUTION OF THE GLOBAL FINANCIAL SYSTEM OVER THE LAST THIRTY YEARS The Evolution of The Global Financial System In The Past 30 Years: The Financial Crisis And Its Impact On The International Financial System. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

95

Juán Alberto Adam Siade Involuntary Creditors and Corporate Bankruptcy.. . . . . . . . . . . . . 107 Stephanie Ben Ishai The Bank’s Fiduciary Duty – Towards a new Model.. . . . . . . . . . 131 Ruth Plato Shinar CHAPTER III THE EVOLUTION OF THE LEGAL FRAME WORK AROUND THE WORLD OVER THE LAST THIRTY YEARS: FINANCIAL SERVICES, THE HARMONIZATION OF LAWS AND REGULATIONS IN TIMES OF GLOBAL ECONOMIC CRISIS. Online Dispute Resolution –ODR-: building e-confidence in Eu rope. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149 Inmaculada Barral Viñals The Proposed Hague Principles on Choice Of Law In Interna tional Commercial Contracts.. . . . . . . . . . . . . . . . . . . . . . . . . . . 157 Neil B. Cohen Facilitating Expansion of Cross-Border E-COMMERCE-DEVE LOPING a Global Online Dispute Resolution System (Lessons Derived From Existing ODR Systems – Work of the United Nations Commission on International Trade Law).. . . . . . . . . . 173

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CONTENT

IX

Louis del Duca, Colin Rule and Zbynek Loeb Developments in Commercial Law. Paradoxes and Challenges. A New Era . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 205 Raúl Aníbal Etcheverry Recognition of the Ecological-Environmental Debt as a Solution to Mexico’s Financial Problems . . . . . . . . . . . . . . . . . . . . . . . . . 215 José Fernando García Villanueva Ideological Movements in Private Law.. . . . . . . . . . . . . . . . . . . . . 235 Hans Giger Nation State Private Laws And European Regulatory Private Law. 251 Hans Wolfgang Micklitz Harmonization of Laws and Commercial Procedural Developments in time of Economic Crisis. . . . . . . . . . . . . . . . . . . . . . . . 275 Alberto Fabián Mondragón Pedrero Delivery of the Goods Under the Rotterdam Rules: Departure from the Fundamental Principles?. . . . . . . . . . . . . . . . . . . . . . . . 293 Caslav Pejovic The Remedy of Damages in Public Procurement. . . . . . . . . . . . . . 309 Arie Reich European Contract Law and The UN Convention on Contracts for the International Sale of Goods (CISG).. . . . . . . . . . . . . . . . . 333 Ingeborg Schwenzer ORAL LECTURES The Australian PPSA and The Conflict of Laws . . . . . . . . . . . . . . 357 Anthony Duggan Reflections on Three Decades of International Trade and Invest ment Law – And Beyond. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 361 Mary Hiscock Uniform Law: Efficiency Perspectives. . . . . . . . . . . . . . . . . . . . . . . 369 Toshiyuki Kono

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X

CONTENT

The Reform, Approximation and Harmonization of Commercial Laws in the multi-cultural context of the East African Commu nity.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 375 Agasha Mugasha The Commission Proposal of a Regulation for an Optional “Com mon European Sales Law” – Too broad or not broad enough? EUI Working papers Law 2012/04.. . . . . . . . . . . . . . . . . . . . . . . 379 Norbert Reich and Hans Wolfgang Micklitz Company Law, Lawyers and Innovation: Common Law vs. Civil Law.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 385 Francisco Reyes Security over Movables in Mexico: Mexico’s New Registro Único de Garantías Mobiliarias (“RUG”).. . . . . . . . . . . . . . . . . . . . . . . 387 Harry C. Sigman The Regulation against Financial Instability. . . . . . . . . . . . . . . . . . 401 Juan Manuel Ugarte Chávez Bankruptcy Tourism in Europe and the United States. . . . . . . . . . 403 Jay Westbrook

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The Evolution of the Global Trade Over the Last Thirty Years, editado por el Instituto de Investigaciones Jurídicas de la UNAM, se terminó de imprimir el 10 de abril de 2014 en Formación Gráfica, S. A. C. V., Matamoros 112, col. Raúl Romero, Ciudad Nezahualcóyotl, 57630, Estado de México. Se utilizó tipo Baskerville de 9, 10 y 11 puntos. En esta edición se empleó papel cultura ahuesado de 70 x 95 de 50 kilos y cartulina sulfatada de 14 puntos para los forros; consta de 100 ejemplares (impresión offset).

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