By Jisan Kim* This year, the Asian Infrastructure Investment Bank ("AIIB") will officially initiate its operations with $100 billion of capital. The AIIB aims to fund much-needed basic infrastructure projects in Asia, and it seeks to differentiate itself from existing multilateral development banks ("MDBs") like the World Bank by not requiring privatization or deregulation … [Read more...] about Regulating Economic Development: Environmental and Social Standards of the AIIB and the IFC
By Marissa Florio On March 20, 2016, President Obama became the first sitting United States President to visit Cuba in 88 years. Over the last few years of his presidency, he has promoted a thaw in relations with Cuba, beginning with an announcement on December 17, 2014 that diplomatic relations would be restored. These developing relations have directly led to changes in … [Read more...] about Closing the 90 Mile Gap: How Changing U.S.-Cuba Relations Lead to Changing Law
By Josh Macfarlane Tango 01—Argentina’s equivalent to Air Force One—hasn’t gotten much air time recently. The plane was grounded in 2013 by the country’s former President Cristina Kirchner, who was allegedly afraid that foreign creditors would seize the jet. Ms. Kirchner’s fears were not unfounded considering the country twice defaulted on its sovereign debt … [Read more...] about Could Collective Action Clauses have saved Argentina’s Presidential Plane?
By Marissa Florio Under international and U.S. law, individuals can be prosecuted for membership in criminal enterprises. But what do we mean by “criminal enterprise”? The FBI defines a criminal enterprise as “a group of individuals with an identified hierarchy, or comparable structure, engaged in significant criminal activity.” Typically, we think of drug cartels, … [Read more...] about Can a Corporation Be a Criminal Enterprise?
By Lucas Bento At the heart of the current refugee crisis affecting Europe’s borders is the poor exercise of sovereign judgment. Sovereignty, as a fundamental principle of international law, implies that countries have absolute control over what happens within its borders, free from foreign interference. A state’s power to exclude people from crossing its borders flows … [Read more...] about Sovereignty Cannot Hold Back the Power of Humanity