The European economic crisis has underlined the challenges that Member States of the European Union face towards ensuring adequate social protection provision for their citizens. The effects of the crisis have and can further impact on the capacity of pension schemes, both state provided and privately managed, that constitute a significant aspect of social protection, to deliver pension promises. This paper highlights the current situation that the common pension challenges pose for Member States and focuses on a particular issue around occupational pension provision, which has been on the European Commission’s agenda for a long time, and on which limited progress had been made. This is the issue of cross-border portability of supplementary pension rights. It is argued that current circumstances facilitate EU action to be taken in this area. In the first section, the paper identifies the main challenges around pension provision stemming from demographic ageing and the effects of the economic crisis. Section two provides a brief overview of the Commission’s holistic approach envisaged in its 2012 White Paper on safe, adequate, and sustainable pensions. Section three provides an overview of the issue of the portability of supplementary pension rights for EU workers. Section four outlines previous attempts and recent developments towards the adoption of legislative measures to promote the portability of such pension entitlements. The paper concludes by arguing that the renewed focus on pensions, in the context of current challenges and the need to enhance workers’ mobility and to provide adequate social protection, have paved the way towards the adoption of measures in this area. |
Article |
Addressing the Pension Challenge: Can the EU Respond?Towards Facilitating the Portability of Supplementary (Occupational) Pension Rights |
Journal | European Journal of Law Reform, Issue 4 2014 |
Keywords | Economic crisis, social protection, pension provision, occupational pensions, cross-border portability of pension rights |
Authors | Konstantina Kalogeropoulou |
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Article |
Another Type of Deficit?Human Rights, Corporate Social Responsibility, and the Shaping of the European Union’s Linkage Strategy |
Journal | European Journal of Law Reform, Issue 4 2014 |
Keywords | human rights, corporate social responsibility, linkage strategy |
Authors | Aurora Voiculescu |
AbstractAuthor's information |
This article engages with the European Union’s continuing strategy, in the context of the economic crisis, of addressing the human rights deficit of the current economic model by promoting a multifarious normative linkage between the economic, market-driven sphere and the human rights-anchored social sphere. The article looks into issues of normativity associated with the EU linkage agenda and interrogates some of its institutional and conceptual elements. It contends that, while the linkage discourse depends on a multitude of actors and factors, the EU encompasses a number of features that – by entropy as much as by design – facilitate an interrogation of the normative set-up that currently holds between human rights and the market mechanisms. The first part of the article addresses the linkage or ‘trade and’ debate that carries distinct nuances within contemporary international economic law. In the second part, the potential as well as the challenges brought about by the EU as a socio-political entity highlight the bringing together of competing normative issues. Lastly, the article considers the EU conceptual inroads in developing the necessary tools for consolidating and addressing the linkage agenda. Through this analysis, the article highlights an essential, dynamic nexus and a search for normative synchronisation between the economic development model and the social model. It is argued that coupling this nexus with a conceptual rethinking can increase the chances of matching the so far rhetorical persuasiveness of the linkage discourse with the so far elusive conceptual coherence and policy consistency. |
Article |
Collective Action Clauses in the EurozoneOne Step Forward, Two Steps Back |
Journal | European Journal of Law Reform, Issue 4 2014 |
Keywords | collective action clauses (CACs), sovereign debt restructuring, Eurozone, European Stability Mechanism |
Authors | Giuseppe Bianco |
AbstractAuthor's information |
Amongst the measures taken inside the European Union to tackle the sovereign debt crisis, the focus of the legal scholarship has been mainly on the financial stability mechanisms and the European Central Bank’s action. These initiatives constitute the liquidity assistance part of the response. Arguably, less attention has been devoted to the initiatives intended to face issues of debt sustainability. As regards the course of action to adopt in case a country cannot repay its debt, the European Union opted for collective action clauses (CACs). This paper takes a critical look at the Eurozone CACs. It aims to answer the following research question: Are the adopted CACs an efficient means to achieve their purported objective (i.e. facilitate renegotiations of sovereign bonds between creditors and the sovereign debtor)? To do so, the paper investigates the CACs’ content and their historical bases. It then compares the final version with the initial draft and points to several interesting findings. The paper argues that it is likely that practical results from the use of CACs will be significantly below political leaders’ expectations. |
Article |
Beyond Financialisation?Transformative Strategies for More Sustainable Financial Markets in the European Union |
Journal | European Journal of Law Reform, Issue 4 2014 |
Keywords | financialisation, financial market integration, financial reform, financial innovation, financial crisis |
Authors | Dieter Pesendorfer |
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The global financial crisis has led many regulators and lawmakers to a rethinking about current versus optimum financial market structures and activities that include a variety and even radical ideas about deleveraging and downsizing finance. This paper focuses on the flaws and shortcomings of regulatory reforms of finance and on the necessity of and scope for more radical transformative strategies. With ‘crisis economics’ back, the most developed countries, including the EU member states, are still on the edge of disaster and confronted with systemic risk. Changes in financial regulation adopted in the aftermath of the financial meltdown have not been radical enough to transform the overall system of finance-driven capitalism towards a more sustainable system with a more embedded finance. The paper discusses financialisation in order to understand the development trends in finance over the past decades and examines various theories to describe the typical trends and patterns in financial regulation. By focusing on a limited number of regulatory reforms in the European Union, the limitations of current reforms and the need for additional transformative strategies necessary to overcome the finance-driven accumulation regime are explored. Finally, the regulatory space for such transformative strategies and for taming finance in times of crisis, austerity, and increased public protest potential is analysed. |
Article |
A Crisis Beyond Law, or a Crisis of Law?Reflections on the European Economic Crisis |
Journal | European Journal of Law Reform, Issue 4 2014 |
Keywords | Eurozone, economic crisis, Greece, debt, Grexit |
Authors | Ioannis Glinavos |
AbstractAuthor's information |
This paper attempts to locate the place of law in debates on the economic crisis. It suggests that law is the meeting point of politics and economics, not simply the background to market operations. It is suggested therefore that the law should be seen as the conduit of the popular will through political decision making onto economic systems and processes. The paper argues that the crisis can be seen as being the consequence of the dis-embedding of the political from the economic, and it is this distance that causes legal frameworks to operate in unsatisfactory ways. With this theoretical basis, the paper examines the sovereign debt crisis in Europe. The European debt crisis in general and the plight of Greece in particular show why plasticity in policy making is necessary and also reveal why current orthodox solutions to economic calamities fail. The inflexibility of the neoclassical understanding of the state-market relationship does not allow for avenues out of crisis that are both theoretically coherent and politically welcome. Such realisations form the basis of the examination of the rules framing the Eurozone. This paper, after conducting an investigation of exit points from the Eurozone, condemns the current institutional framework of the EU, and especially the EMU as inflexible and inadequate to deal with the stress being placed on Europe by the crisis. |
Article |
EU Corporate GovernanceThe Ongoing Challenges of the ‘Institutional Investor Activism’ Conundrum |
Journal | European Journal of Law Reform, Issue 4 2014 |
Keywords | EU corporate governance, institutional investors, stewardship, shareholders, asset managers |
Authors | Konstantinos Sergakis |
AbstractAuthor's information |
Institutional investor activism seems to be the ultimate means for steady improvement in corporate governance standards, as well as a powerful tool for refocusing short-term strategies towards more sustainable and viable business projects. Although EU institutions have endeavoured over the past decade to facilitate the exercise of a wide range of shareholder rights, the impact of such regulatory initiatives remains to be seen. This paper challenges the current EU regulatory approach by supporting the idea that, while it has touched upon important topics, such as companies or financial intermediaries, hoping that the investor community will make full use of its discretion and evaluation of these actors, it has avoided resolving another crucial issue, namely, that of investor behaviour. In fact, institutional investors have been partially accused of apathy and contributing indirectly to the EU capital markets crisis. EU law thus needs to find new ways to nurture and maintain an effective willingness to engage in long-term dialogue with companies. It is therefore crucial to reassess all EU initiatives and critically challenge their efficiency in order to propose a way forward to unblock institutional investor activism and establish a veritable alignment of objectives with corporate managers. |
Article |
Living in the PastThe Critics of Plain Language |
Journal | European Journal of Law Reform, Issue 3 2014 |
Keywords | plain language, legal drafting, legislation, professional responsibility, legalese |
Authors | Derwent Coshott |
AbstractAuthor's information |
This article addresses three core complaints that are frequently levelled by critics of plain legal language: (1) It will reduce reliance on lawyers; (2) It is uncertain and will lead to greater litigation; and (3) Legal writing is, and should only be, for a legally trained audience. The article develops a definition of plain language that reflects a more contemporary understanding. It demonstrates that the three core criticisms misrepresent this understanding and are unsustainable with regard to lawyers’ duty to clients, the role of legislation as public documents, and modern commercial realities. |
Article |
“What Does He Think This Is? The Court of Human Rights or the United Nations?”(Plain) Language in the Written Memories of Arbitral Proceedings: A Cross-Cultural Case Study |
Journal | European Journal of Law Reform, Issue 3 2014 |
Keywords | arbitration, legal language, plain language, specialised discourse, corpus linguistics |
Authors | Stefania Maria Maci |
AbstractAuthor's information |
Arbitration as an alternative dispute resolution (ADR) is an extra-judicial process resolved privately outside an ordinary court of justice. As such, the award has the same legal effects as a judgment pronounced by a court judge. Arbitration can be preceded by a pre-trial process in which arbitrators try to reach a conciliation agreement between the parties. If an agreement is not reached, the arbitration process begins with the gathering of the parties’ memories. In both oral and written evidence, language is used argumentatively, and above all persuasively, by all sides or parties involved. |
Article |
Shifting from Financial Jargon to Plain LanguageAdvantages and Problems in the European Retail Financial Market |
Journal | European Journal of Law Reform, Issue 3 2014 |
Keywords | financial markets, financial information, PRIPs/KIIDs, financial jargon, plain language |
Authors | Francesco De Pascalis |
AbstractAuthor's information |
The purpose of this paper is to discuss the European regulatory efforts to guarantee investors a proper understanding of the characteristics of the products being offered in the retail financial market. In particular, the analysis emphasises the proposal to introduce plain language as a mandatory requirement for drafting pre-contractual documents relating to retail financial products. |
Article |
Plain, Clear, and Something More?Criteria for Communication in Legal Language |
Journal | European Journal of Law Reform, Issue 3 2014 |
Keywords | plain language, legislative drafting, definition, mediation, ignorance of the law |
Authors | Derek Roebuck |
AbstractAuthor's information |
Legislation may be presumed to be intended to transmit a message to those whose conduct it aims to affect. That message achieves its purpose only insofar as it is intelligible to its recipients. Drafters should make every effort to use plain language, but not all meaning can be transferred in plain language. The true criterion is clarity. |
Article |
Plain Language in Legal StudiesA Corpus-Based Study |
Journal | European Journal of Law Reform, Issue 3 2014 |
Keywords | legal discourse, metadiscourse, epistemic modality, personalization, code glosses |
Authors | Michele Sala |
AbstractAuthor's information |
This article investigates the influence of Plain Language in legal academic research. The Plain Language Movement (PLM) in Anglophone cultures and Common Law systems considerably affected the way legal experts and practitioners use the language in professional contexts, both in writing and in oral situations. The assumption at the basis of this investigation is that the exposure to and experience with this way of using the language in professional settings is likely to have influenced the way experts write in research-related and pedagogical contexts. |
Article |
Making EU Legislation Clearer |
Journal | European Journal of Law Reform, Issue 3 2014 |
Keywords | European Union, transparency, openness, clarity of legislation |
Authors | William Robinson |
AbstractAuthor's information |
This article looks at the clarity of the legislation of the European Union (EU), in particular the clarity of the language used. It sketches out the basic EU rules on transparency and openness, past expressions of concern for clearer EU legislation, and the response of the institutions. Finally, it considers briefly some ways to make EU legislation clearer. |
Article |
Democracy, Constitutionalism and ShariahThe Compatibility Question |
Journal | European Journal of Law Reform, Issue 2 2014 |
Authors | A.T. Shehu |
Abstract |
This article is a contribution and a response to the debate on the compatibility, or rather the incompatibility, of Islam and Shariah with democracy and constitutionalism. The debate has been both inter and intra; Muslims as well as non-Muslims are divided among themselves on the issue. A careful synthesis of the arguments on both sides shows fundamental problems of semantics and lack of proper appreciation of the issues involved because of divergent construction of the basic rules and normative concepts. This article identifies as a problem the tendency for cultural prejudice and intolerance to largely determine the direction of the debate and endure not only a ‘clash of civilizations’, but also, in reality, a clash of normative concepts. This article contends that Islam is more democratic in nature and that Shariah itself is a system of constitutionalism; needless to say, the objectionists have long forgotten that, in essential formulations, Shariah is the foundation of thoughts on human rights. |
Article |
Human Rights in Islamic Law, Specifically the Guarantee of Procedural Justice |
Journal | European Journal of Law Reform, Issue 2 2014 |
Keywords | Islamic law, procedural justice, human rights, rules of evidence, Cairo Declaration of Human Rights |
Authors | Mohamed Y. Mattar |
AbstractAuthor's information |
International law guarantees several fundamental principles of procedural justice, such as presumption of innocence, the right against self-incrimination, the right to be tried without undue delay, the right to examine witnesses, and the right to legal assistance. In this article I examine whether Islamic law guarantees similar procedural protections and demonstrate how Islamic law provides for basic human rights as well as general principles that may serve as guidelines in procedural justice. These include the principle of non-retroactivity, the principle of personal accountability, the principle of no crime or punishment without law, the right to be presumed innocent until proven guilty, and the right to defence. The article also identifies rules of evidence provided by Islamic law which are designed to protect the accused. |
Article |
Women's Rights in the Islamic Perspective |
Journal | European Journal of Law Reform, Issue 2 2014 |
Keywords | Sharey'ah, Alquamah, Qur'an, Nafaqa, ma'aroofe |
Authors | Omar Alsunaid and Bashar Almofadda |
AbstractAuthor's information |
Women in Sharey'ah play an essential role in the Muslim community. In the relationship among men and women, Sharey'ah adopted the theories of integration and justice rather than theories of competition and equality. This leads Sharey'ah to distribute human rights between men and women depending on their nature and personal need. However, many stereotypes and misapprehensions concerning women's rights in Sharey'ah have appeared owing to a lack of understanding of the objectives of Sharey'ah's rules. This article demonstrates women's rights and the Sharey'ah's objectives behind these rights, including Alquamah, political participation, marriage and inheritance. The article then goes on to explain why there is a variation between women's rights in Sharey'ah and the reality of some Muslim communities. |
Article |
The System of Kafala and the Rights of Migrant Workers in GCC Countries – With Specific Reference to Saudi Arabia |
Journal | European Journal of Law Reform, Issue 2 2014 |
Keywords | migrant workers rights, GCC, Saudi, Kafala system, labor |
Authors | Majed M. Alzahrani |
AbstractAuthor's information |
Under the Kafala system, which applies in all Arab countries, migrant workers must attain a work entry visa and residential permit, which is possible only if they are working for a domestic institution or corporation or a citizen of the respective country. Each and every employer is required, based on the Kafala system, to adopt all legal and economic responsibilities for all of the employer's workers during their contractual period. By giving wide-ranging powers and responsibilities unilaterally to employers, the Kafala system subjects workers to abysmal and exploitative working conditions, violence, and human rights abuses. Some of these problems have recently made headlines in the United States and in Europe in connection with the campus being built by New York University in Abu Dhabi. While NYU imposed a code of labor standards on its direct contractual partners, it claimed to have no means of controlling subcontractors. Nor did NYU try very hard, it seems, to verify compliance even by its direct contractual partners. |