Financial regulators have finally taken an interest in cryptocurrencies due to political pressure, despite law enforcement closely monitoring transactions for years. While crypto may not pose significant micro or macro concerns, regulators are compelled to act. However, their actions may backfire, warns Dr Jon Danielsson.

Do you have a passion for law and a knack for business? Are you interested in helping corporations navigate the legal landscape and protect their interests? Then a career in Corporate Counsel might be the perfect fit for you! As a Corporate Counsel, you will be responsible for providing legal guidance and advice to businesses on a variety of matters, including contracts, compliance, intellectual property, and more. You will work closely with executives and other stakeholders to ensure that the company is operating within the bounds of the law and that its interests are protected. One of the most appealing aspects of this career is the opportunity to work with a wide range of clients and industries. From tech startups to multinational corporations, every business needs legal guidance, and as a Corporate Counsel, you will have the chance to work with some of the biggest and most innovative companies in the world. Some of the typical duties of a Corporate Counsel might include negotiating contracts, drafting legal documents, conducting research on legal issues, and providing advice on regulatory compliance. There are also many potential areas of specialisation within the field, such as employment law, tax law, and intellectual property law. To become a Corporate Counsel, you will typically need a law degree and a license to practice law in your jurisdiction. Many Corporate Counsel also have undergraduate degrees in business or related fields, such as finance or accounting. Popular undergraduate programs and majors for those interested in this career include Business Administration, Economics, and Political Science. In addition to the required education and training, there are certain personal attributes that can be helpful in this career. Strong communication skills, attention to detail, and a strategic mindset are all important qualities for a successful Corporate Counsel. Job prospects for Corporate Counsel are generally quite strong, with many opportunities available in both the public and private sectors. Some notable potential employers include Amazon, Google, and Microsoft, as well as government agencies such as the Securities and Exchange Commission and the Department of Justice. So if you're looking for a challenging and rewarding career that combines your passion for law and business, consider a career in Corporate Counsel!

Former Goldman Sachs executive, Roger Ng, has been sentenced to 10 years in prison for his role in the 1MDB scandal. The scandal involved the looting of billions of dollars from Malaysia's sovereign wealth fund, leading to massive fines for Goldman and rocking Malaysian politics. Ng had denied the charges, but prosecutors argued he played a key role in a corruption scheme that took funds intended for development projects and used them for bribes and personal gain. Learn more about this audacious scheme and its impact on global institutions.

Corporate Law is the dynamic and fascinating field of law that deals with the legal aspects of businesses and corporations. It is a field that is constantly evolving and adapting to the ever-changing business world, making it an exciting and challenging area of study. One of the most interesting aspects of Corporate Law is its relevance to real-life situations. For example, when a company merges with another, Corporate Law governs the legal framework of the transaction. This can involve complex legal negotiations, drafting of agreements, and regulatory compliance. Corporate Law is also responsible for the legal aspects of corporate governance, including the roles and responsibilities of directors and officers, and the rights of shareholders. Innovative research and academic discourse in Corporate Law is constantly pushing the boundaries of what is possible. For instance, there is ongoing research into the use of blockchain technology to streamline corporate transactions and improve transparency. There are also debates around the role of corporations in society, and the extent to which they should prioritize social responsibility. At undergraduate level, students can expect to study a range of modules including Contract Law, Company Law, and Securities Regulation. Further specializations could include Mergers and Acquisitions or Intellectual Property Law. Real-life examples of Corporate Law in action include the acquisition of Instagram by Facebook, or the patent infringement litigation between Apple and Samsung. A degree in Corporate Law can open up a wide range of career opportunities, including roles in law firms, corporations, government agencies, and non-profit organizations. Notable employers include top law firms such as Skadden, Arps, Slate, Meagher & Flom, and global corporations such as Google and Goldman Sachs. To succeed in Corporate Law, students should possess strong analytical skills, attention to detail, and excellent communication skills. An interest in business and economics is also helpful, as is the ability to work well under pressure. Overall, a degree in Corporate Law is an exciting and rewarding path for students interested in the intersection of law and business.

If you're a student who is intrigued by the complex and ever-changing world of business, corporate law could be the perfect career path for you. Corporate lawyers play a critical role in advising companies on legal matters and helping them navigate the intricate web of laws and regulations that govern modern commerce. Here's a closer look at what a career in corporate law entails and why it might be a great fit for you. Corporate law is a fascinating field that blends business and law, with a focus on the legal issues that arise in the context of corporate activities. Corporate lawyers help companies with a wide range of legal matters, such as structuring and negotiating business transactions, complying with regulatory requirements, and resolving disputes. Some corporate lawyers work in-house for a single company, while others work for law firms that provide legal services to multiple clients. One of the most appealing aspects of a career in corporate law is the opportunity to work on high-stakes deals and transactions that can have a significant impact on the global economy. For example, a corporate lawyer might work on a merger between two multinational companies, help a startup navigate the legal hurdles of an initial public offering (IPO), or advise a Fortune 500 company on a major joint venture. The work can be challenging, but also incredibly rewarding. In terms of day-to-day responsibilities, corporate lawyers often research and analyze legal issues, draft contracts and other legal documents, and advise clients on the legal implications of various business decisions. Some corporate lawyers specialize in particular areas of law, such as securities law, tax law, or intellectual property law. Others work in related fields such as mergers and acquisitions, private equity, or investment banking. To become a corporate lawyer, you'll typically need to earn a law degree (J.D.) and pass the bar exam in the state where you plan to practice. Some popular undergraduate majors for aspiring corporate lawyers include business, economics, and political science. Many law schools offer courses and clinics focused specifically on corporate law, and some also offer joint degree programs that combine law and business. In terms of personal attributes, successful corporate lawyers tend to be analytical, detail-oriented, and able to think strategically. They should also have excellent communication skills, as they will be working closely with clients, other lawyers, and business executives. The job prospects for corporate lawyers are generally strong, particularly at top law firms and in-house legal departments at large companies. Many of the world's leading law firms have dedicated corporate practices, and some of the most well-known names in the business world, such as Goldman Sachs, Microsoft, and Procter & Gamble, have large legal departments that employ corporate lawyers.

Have you ever wondered what goes on in the minds of judges as they make decisions in our legal system? In 'The Behavior of Federal Judges', a political scientist, an economist, and a judge team up to unravel the mystery of judicial decision-making. Through statistical analyses and a labor-market model, they reveal how judges are motivated by both financial and non-financial factors, and how ideology plays a role in decision-making at different levels of the federal judiciary. This book offers a fascinating insight into the complex world of judicial behavior, dispelling traditional legalist and political science theories. Join the authors on a journey to uncover the truth behind the robes." Recommended for law students, legal professionals, political scientists, and anyone interested in the workings of the American legal system. This book provides a unique perspective on judicial decision-making, using a labor-market model to explore the motivations of judges. It dispels traditional legalist and political science theories, highlighting the role of ideology in decision-making at different levels of the federal judiciary. This book is relevant to those interested in the intersection of law and economics, as well as those interested in understanding the complexities of the judicial system. It offers a fascinating insight into the minds of judges, and how they navigate the intricate web of legal and ideological factors that shape their decisions.

Are you interested in law and conflict resolution? Do you have a passion for finding peaceful and fair solutions to complex legal disputes? Look no further than the exciting field of Arbitration! Arbitration is the process of resolving legal disputes outside of the courtroom, through the use of a neutral third-party arbitrator. This field of study is becoming increasingly popular as individuals and companies seek out alternative methods of dispute resolution that are less time-consuming and costly than traditional litigation. One of the most exciting aspects of studying Arbitration is the opportunity to learn from some of the most innovative and inspiring minds in the field. From renowned academics like Gary Born and Jan Paulsson, to cutting-edge research on topics like online dispute resolution and cross-border arbitration, there is no shortage of fascinating academic discourse to explore. At the undergraduate level, students can expect to take courses in topics such as contract law, negotiation, and dispute resolution. As they progress in their studies, they may have the opportunity to specialize in areas such as international arbitration, labor arbitration, or sports arbitration, to name just a few. But what can you do with a degree in Arbitration? The possibilities are endless! Graduates can go on to work as arbitrators, mediators, or conciliators in a variety of industries, including construction, finance, and healthcare. They may also find employment in law firms, government agencies, or international organizations such as the United Nations or the World Trade Organization. Some notable employers in the field of Arbitration include JAMS, the American Arbitration Association, and the International Chamber of Commerce. And with the rise of globalization and cross-border business transactions, the demand for skilled arbitrators is only expected to grow in the coming years. To succeed in this field of study, students should have a strong interest in law and conflict resolution, as well as excellent communication and negotiation skills. Patience, attention to detail, and the ability to remain impartial in high-pressure situations are also essential traits for success in this exciting and rewarding field.

Have you ever considered a career in the legal field but don't want to become a lawyer? If so, a career as a paralegal may be the perfect fit for you! Paralegals are essential members of a legal team, providing support to lawyers by conducting legal research, drafting legal documents, and assisting with trial preparation. They are the backbone of the legal system, working in a variety of settings such as law firms, government agencies, and corporations. One of the most appealing aspects of being a paralegal is the opportunity to work on high-profile cases that have a real impact on people's lives. For example, paralegals have played a crucial role in cases involving civil rights, environmental law, and intellectual property disputes. In addition to the exciting work, paralegals have a wide range of duties depending on their area of specialization. Some paralegals work in litigation, assisting with trial preparation, while others work in corporate law, helping with mergers and acquisitions. There are also paralegals who work in areas such as immigration law, family law, and intellectual property law. To become a paralegal, you typically need to complete an associate's degree or a certificate program in paralegal studies. However, some employers may prefer candidates with a bachelor's degree in a related field such as political science, criminal justice, or pre-law. Helpful personal attributes for a successful career as a paralegal include strong communication skills, attention to detail, and the ability to work well under pressure. The job prospects for paralegals are excellent, with a projected job growth of 12% from 2018 to 2028. Notable employers of paralegals include law firms such as Latham & Watkins, Skadden, Arps, Slate, Meagher & Flom, and Baker McKenzie, as well as government agencies such as the Department of Justice and the Environmental Protection Agency. In summary, a career as a paralegal offers a challenging and rewarding opportunity to work in the legal field without the extensive education and training required to become a lawyer. With a wide range of specializations and excellent job prospects, it's a career worth exploring!

Are you interested in the law and how it shapes our society? Do you want to make a difference in the world by upholding justice and defending the rights of others? Then studying Legal Studies might be the perfect field for you! Legal Studies is a fascinating and dynamic field that explores the legal system and its impact on society. It incorporates a wide range of topics such as criminal law, civil law, constitutional law, and international law. Through this field of study, you will gain a deeper understanding of the law and how it affects individuals, businesses, and governments. One of the most interesting aspects of Legal Studies is the diverse range of real-life examples that can be used to illustrate key concepts. From landmark cases like Brown v. Board of Education, which helped to desegregate schools in the United States, to the recent legalization of same-sex marriage in many countries around the world, Legal Studies is a field that is constantly evolving and adapting to new challenges. In addition to its practical applications, Legal Studies is also a field that is rich in academic research and innovation. Some of the most well-known academic figures in the field include Ruth Bader Ginsburg, Antonin Scalia, and John Rawls, who have all made significant contributions to the study of law and its impact on society. At the undergraduate level, typical majors and modules in Legal Studies include criminal law, tort law, and contract law. However, there are also many opportunities for further specialization, such as environmental law, human rights law, and intellectual property law. These specializations can lead to exciting and rewarding careers in a variety of fields, from public interest law to corporate law. Speaking of careers, Legal Studies offers a wide range of potential job opportunities. Some of the most popular careers in this field include lawyers, judges, and legal analysts. However, there are also many other careers that may be relevant, such as policy analysts, lobbyists, and compliance officers. Key industries for prospective future employment include law firms, government agencies, and non-profit organizations. Some notable and attractive potential employers include the American Civil Liberties Union (ACLU), the United Nations, and the Environmental Defense Fund. To succeed in Legal Studies, it is important to have strong critical thinking skills, excellent communication skills, and a passion for justice and fairness. A background in political science, philosophy, or sociology can also be helpful. If you are interested in pursuing a career in law or public policy, then studying Legal Studies might be the perfect path for you!

Do you have a passion for justice and a keen eye for detail? Are you interested in the legal field but don't want to become a lawyer? Then a career as a Law Clerk might be just the thing for you! As a Law Clerk, you will work in a law firm, corporate legal department, or government agency, providing essential support to lawyers and other legal professionals. You will be responsible for drafting legal documents, conducting legal research, and assisting with trial preparation. You'll also be the go-to person for managing case files, scheduling court appearances, and communicating with clients. But being a Law Clerk is more than just paperwork and research. You'll have the opportunity to work on exciting cases that could make a real difference in people's lives. For example, you might work on a case that helps a victim of discrimination get the justice they deserve, or assist in a high-profile criminal trial that captures the attention of the entire nation. There are also many areas of specialisation within the field of Law Clerk. You could focus on corporate law, family law, criminal law, or intellectual property law, just to name a few. And if you decide to pursue further education, you could become a paralegal, legal assistant, or even a lawyer. To become a Law Clerk, you'll typically need a degree in legal studies, political science, or a related field. Popular undergraduate programs include Bachelor of Laws, Bachelor of Legal Studies, and Bachelor of Arts in Political Science. You'll also need to have strong analytical, organisational, and communication skills, as well as a high level of attention to detail. Job prospects for Law Clerks are excellent, with a projected growth rate of 10% over the next decade. You could work for a variety of employers, including law firms, government agencies, and corporations. Some notable employers include the United Nations, the International Criminal Court, and the World Bank. So if you're looking for a challenging and rewarding career in the legal field, consider becoming a Law Clerk. With plenty of opportunities for growth and advancement, you'll be on your way to a fulfilling and exciting career in no time!

In his book, Robert Bork offers a unique perspective on antitrust law that challenges conventional wisdom. He argues that these laws, often thought to protect consumers, actually do the opposite by favoring inefficient small businesses. Bork also delves into the societal tensions between liberty and equality that are reflected in antitrust law. This book is a must-read for anyone interested in economics, law, or politics, as it sheds new light on an important and often misunderstood topic. Recommended for students of law, economics, and political science, as well as anyone interested in understanding the impact of antitrust law on consumers and small businesses. The insights offered by Bork's analysis of the societal tensions between liberty and equality are also relevant to those studying sociology and philosophy. This book is particularly relevant to those interested in the intersection of law and economics, and the role of government in regulating business practices. It is also a valuable resource for entrepreneurs and small business owners seeking to understand the impact of antitrust laws on their industry.

In Competition Policy in America, Rudolph Peritz explores the complex and often contradictory visions of free competition that have shaped modern political economy. Through examining congressional debates, court opinions, economic and political scholarship, and administrative agency activities, Peritz shows how the discourse of free competition has mediated between individual liberty and rough equality. This indispensable framework provides insight into political campaign finance reform, corporate takeover regulation, and current attitudes toward the New Deal Legacy. Peritz's historical inquiry is a must-read for anyone interested in understanding the evolution of modern political economy. Recommended for students of law, history, economics, sociology, and political science, Competition Policy in America provides a unique perspective on the role of free competition in shaping modern public policy. This book will be particularly relevant to those interested in political campaign finance reform, corporate takeover regulation, and the New Deal Legacy. Peritz's analysis of the two distinct and sometimes contradictory visions of free competition provides a valuable framework for understanding the evolution of modern political economy, making this book a must-read for policy makers and business professionals alike.

Did you know that corporate fraud may be more widespread than we think? According to Professor Alexander Dyck and his team, 3% of U.S. companies are caught committing fraud each year under typical surveillance, but the real number may be closer to 10%. Their research, which examines the impact of the Enron scandal on detecting fraud, also estimated that fraud destroys about 1.6% of a company's equity value, representing about $830 billion in current U.S. dollars. This research will inspire you to explore the topic further and think critically about the role of regulation and oversight in corporate governance.

The global financial crisis of 2008 led to economic turmoil and widespread job loss, but the role of OTC (over-the-counter) derivatives in the crash is not well understood. These complex financial instruments were designed to reduce risk, but they amplified it, resulting in massive losses and a bailout that cost taxpayers trillions of dollars. OTC derivatives are contracts that allow parties to speculate on the future value of assets such as stocks, bonds, or commodities. They are privately negotiated and not traded on public exchanges, which makes them less transparent and harder to regulate. Banks and other financial institutions created increasingly complex and risky derivatives, such as credit default swaps (CDS) that allowed investors to bet on the likelihood of default on mortgages and other debt in the years leading up to the crisis. When the housing bubble burst and homeowners began defaulting on their mortgages, the value of CDS contracts plummeted, causing massive losses for those who held them. This triggered a chain reaction of failures and bailouts as banks tried to shore up their balance sheets and avoid bankruptcy. The government bailouts of banks and other financial institutions during the crisis are estimated to have cost $12.8 trillion globally, including direct and indirect costs such as lost tax revenue and economic output. Leading academics have been critical of the lack of transparency and regulation in the OTC derivatives market. Senator Elizabeth Warren, a law professor and former chair of the Congressional Oversight Panel for TARP, has argued that the complexity and opacity of these instruments makes it difficult to assess risk and protect consumers. Nobel laureate economist Joseph Stiglitz has also warned of the dangers of unregulated financial innovation, calling for stronger oversight and better risk management. Understanding the role of OTC derivatives in the global financial crisis is a lesson in the need for transparency, accountability, and responsible risk management in the world of finance. By exploring this and related topics in more depth, students can gain valuable insights into the workings of the economy and the forces that shape our world.

The commercial space industry is expanding, but the laws governing outer space are unclear. The Outer Space Treaty, created by the United Nations in 1967, makes it illegal for any nation to claim ownership of outer space or celestial bodies. However, the treaty does not mention private companies, which could lead to disputes as firms like Planetary Resources plan to mine asteroids for resources. Additionally, space debris poses a risk to spacecraft, but current law states that the country that launched the debris owns it forever. This lack of clarity means that there could soon be a demand for space lawyers. Learning about the legal complexities of outer space can prepare students for the future and provide intellectual stimulation while also offering practical skills for a potential career in the field.

Are you interested in justice, fairness, and the rule of law? Do you want to make a difference in the world and help people navigate the complexities of the legal system? Then studying Law at university could be the perfect choice for you! Law is a fascinating and challenging field of study that covers a wide range of topics, including criminal law, contract law, human rights, and international law. It is a subject that requires analytical thinking, excellent communication skills, and a passion for justice. One of the most appealing aspects of studying Law is the opportunity to engage with real-life cases and scenarios. From high-profile criminal trials to complex international disputes, the study of Law provides a window into the workings of the legal system and the ways in which it impacts people's lives. Innovative research and academic discourse are at the heart of the study of Law. From exploring the latest legal theories to analyzing groundbreaking court decisions, studying Law allows you to engage with some of the most important and influential ideas of our time. You will also have the chance to learn from some of the most renowned legal scholars and practitioners in the world. At the undergraduate level, Law students typically take a range of modules covering topics such as criminal law, tort law, and constitutional law. As you progress through your degree, you may have the opportunity to specialize in areas such as human rights law, environmental law, or intellectual property law. The study of Law can lead to a range of exciting and fulfilling career opportunities. If you are interested in becoming a lawyer, you will need to complete additional training after your degree, but there are also many other roles that a Law degree can prepare you for. These include positions in government, non-profit organizations, and international organizations such as the United Nations. Some notable employers in this field include the International Criminal Court, Amnesty International, and the American Civil Liberties Union. To succeed in the study of Law, you will need to have strong critical thinking skills, excellent communication skills, and a passion for justice. You should also be interested in current affairs and have a desire to make a positive impact on the world around you. In conclusion, studying Law at university is a challenging and rewarding experience that can open up a world of exciting career opportunities. If you are interested in justice, fairness, and the rule of law, then this could be the perfect field of study for you!

Apple CEO Tim Cook took a moral stance to protect consumer privacy, embroiling the company in an ugly fight. A Harvard Business School case study illustrates the complex ramifications that companies face when putting their stake in the ground on challenging societal issues like privacy. The authors offer a suggestion for CEOs: meet lightning-rod issues head-on as part of the job. Staking out a clear social position can help a company's bottom line, boosting employee morale, making workers more productive, and attracting customers who trust the company.

The clash between freedom of speech and civil rights takes center stage again as the Supreme Court considers 303 Creative v. Elenis, a case about whether artists and those who engage in expressive activities can refuse services to same-sex couples based on their religious beliefs. The key question is whether requiring an artist to create a same-sex wedding website can be viewed as compelled speech, violating their First Amendment right to stay silent on issues with which they disagree. The outcome of the case, which will likely be decided in June 2023, promises to set a new precedent on balancing First Amendment freedoms and protecting others from discrimination.

Have you ever wondered why some CEOs earn hundreds of times more than their employees? In recent years, the topic of excessive CEO compensation has gained widespread attention and sparked intense debate. While some argue that CEOs deserve high pay for their leadership and contributions to their companies' success, others believe that such compensation is unjustified and contributes to economic inequality. In this write-up, we will explore the justifications for and advances in the area of excessive CEO compensation, and discuss the impact it has on the economy and society at large. One common argument in favor of excessive CEO compensation is that it serves as an incentive for CEOs to work harder and make better decisions. Supporters of this view believe that the promise of a large salary and bonuses motivates CEOs to maximize their companies' profits and shareholder value. However, critics argue that this argument is flawed, as there is little evidence to suggest that higher pay leads to better performance. In fact, some studies have found that excessive CEO compensation can lead to short-term thinking, risk-taking, and unethical behavior. In recent years, there have been several advances in the area of excessive CEO compensation. One significant development is the increased attention and scrutiny placed on CEO pay by shareholders, activists, and the media. This has led to a greater focus on the link between CEO pay and company performance, as well as the need for greater transparency and accountability in executive compensation. Another development is the rise of shareholder activism, in which investors use their power to influence companies' decisions on CEO pay and other issues. To fully understand the topic of excessive CEO compensation, it is important to be familiar with certain academic terms and concepts. One such term is "pay ratio," which refers to the ratio of CEO pay to median employee pay. Another important concept is "stock options," which are a form of executive compensation that gives CEOs the right to buy company stock at a set price. Additionally, "agency theory" is a key concept that is used to explain and resolve issues in the relationship between CEOs and their companies' shareholders. Several leading academics have made significant contributions to the study of excessive CEO compensation. One of these scholars is Lucian Bebchuk, a professor at Harvard Law School who has written extensively on the topic. Bebchuk argues that excessive CEO pay can lead to a misalignment of interests between executives and shareholders, and calls for reforms to address this issue. Another important academic in this area is Steven N. Kaplan, a professor at the University of Chicago Booth School of Business. Kaplan's research focuses on the link between CEO pay and company performance, and he has found that the relationship between the two is more complex than previously thought. Excessive CEO compensation is a complex and controversial topic that has significant implications for the economy and society.

New research by Takuo Sugaya (Stanford Graduate School of Business) and Mitsuru Igami (Yale Department of Economics) reveals the conditions needed for illegal cartels to survive and the factors that lead to their failure. Using game theory to analyze one of the biggest cartel cases in modern history, the researchers discovered that sustained collusion requires mutually beneficial incentives for all companies involved. Findings have implications for policymakers and regulators in their approval of mergers and investment in innovation.