This contribution examines the legal legitimacy of ‘Article IV Consultations’ performed by the IMF as part of its responsibility for surveillance under Article IV of its Articles of Agreement. The analysis focuses on tax recommendations given by the Fund to its member countries in the context of Consultations. This paper determines that these tax recommendations derive from a broad interpretation of the powers and obligations that have been agreed to in the Fund’s Articles of Agreement. Such an interpretation leads to a legitimacy deficit, as member countries of the Fund have not given their state consent to receive recommendations as to which should be the tax policies it should adopt. |
Search result: 13 articles
Year 2017 xArticle |
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Journal | Erasmus Law Review, Issue 2 2017 |
Keywords | legitimacy, International Monetary Fund (IMF), Article IV Consultations, tax recommendations, global tax governance |
Authors | Sophia Murillo López |
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Journal | Erasmus Law Review, Issue 2 2017 |
Keywords | Global Forum on Transparency and Exchange of Information, exercise of regulatory authority, due process requirements, peer review reports, legitimacy |
Authors | Leo E.C. Neve |
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The Global Forum on transparency and exchange of information for tax purposes has undertaken peer reviews on the implementation of the global standard of exchange of information on request, both from the perspective of formalities available and from the perspective of actual implementation. In the review reports Global Forum advises jurisdictions on required amendments of regulations and practices. With these advices, the Global Forum exercises regulatory authority. The article assesses the legitimacy of the exercise of such authority by the Global Forum and concludes that the exercise of such authority is not legitimate for the reason that the rule of law is abused by preventing jurisdictions to adhere to due process rules. |
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Journal | Erasmus Law Review, Issue 3 2017 |
Keywords | same-sex marriage, gay marriage, European consensus, margin of appreciation, consensus-based analysis by the ECtHR |
Authors | Masuma Shahid |
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This contribution assesses the consensus-based analysis and reasoning of the European Court of Human Rights in recent judgments concerning equal marriage rights and compares it to the Court’s past jurisprudence on European consensus and the margin of appreciation awarded to Member States regarding the issue of equal marriage rights. The contribution aims to analyse whether there is a parallel to be seen between the rapid global trend of legalisation of same-sex marriage and the development or evolution of the case law of the ECtHR on the same topic. Furthermore, it demonstrates that the Court’s consensus-based analysis is problematic for several reasons and provides possible alternative approaches to the balancing of the Court between, on the one hand, protecting rights of minorities (in this case same-sex couples invoking equal marriage rights) under the European Convention on Human Rights and, on the other hand, maintaining its credibility, authority and legitimacy towards Member States that might disapprove of the evolving case law in the context of same-sex relationships. It also offers insights as to the future of European consensus in the context of equal marriage rights and ends with some concluding remarks. |
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Journal | Erasmus Law Review, Issue 3 2017 |
Keywords | ECtHR, UNHRC, religious manifestations, religious minorities, empirical analysis |
Authors | Fabienne Bretscher |
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Confronted with cases of restrictions of the right to manifest religious beliefs of new religious minorities formed by recent migration movements, the ECtHR and the UNHRC seem to opt for different interpretations and applications of this right, as recent conflicting decisions show. Based on an empirical legal analysis of the two bodies’ decisions on individual complaints, this article finds that these conflicting decisions are part of a broader divergence: While the UNHRC functions as a protector of new minorities against States’ undue interference in their right to manifest their religion, the ECtHR leaves it up to States how to deal with religious diversity brought by new minorities. In addition, a quantitative analysis of the relevant case law showed that the ECtHR is much less likely to find a violation of the right to freedom of religion in cases brought by new religious minorities as opposed to old religious minorities. Although this could be a hint towards double standards, a closer look at the examined case law reveals that the numerical differences can be explained by the ECtHR’s weaker protection of religious manifestations in the public as opposed to the private sphere. Yet, this rule has an important exception: Conscientious objection to military service. By examining the development of the relevant case law, this article shows that this exception bases on a recent alteration of jurisprudence by the ECtHR and that there are similar prospects for change regarding other religious manifestations in the public sphere. |
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Decision 22/2016. (XII. 5.) AB on the Interpretation of Article E) (2) of the Fundamental Law |
Journal | Hungarian Yearbook of International Law and European Law, Issue 1 2017 |
Authors | Veronika Kéri and Zoltán Pozsár-Szentmiklósy |
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Film Financing and Audiovisual Policy in Hungary after the Accession to the European Union |
Journal | Hungarian Yearbook of International Law and European Law, Issue 1 2017 |
Authors | Tamás Kollarik and Sándor Takó |
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Article |
Legislation as a Catalyst of Irregular Migration |
Journal | Hungarian Yearbook of International Law and European Law, Issue 1 2017 |
Authors | Balázs András Orbán |
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Article |
Non-Legal Considerations in the Reasoning of the European Court of Human Rights |
Journal | European Journal of Law Reform, Issue 3 2017 |
Keywords | ECHR, Convention, human rights, subsidiarity, pretence |
Authors | Kacper Zajac |
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This article discusses the role of non-legal considerations in the judgments of the European Court of Human Rights. First, it considers what legal instruments are available to the Court in interpreting the Convention Rights and why such instruments came to being in the first place. Second, the article identifies what types of non-legal considerations are taken into account by the Court and what impact they have on the Court’s decision-making process. The article argues that the Court pays considerable attention to such considerations and, in certain circumstances, it deploys available legal instruments, such as the margin of appreciation doctrine or fair balance test, to give those non-legal considerations a legal pretence. The article concludes that the importance of the non-legal factors in the decision-making process can be attributed to the vulnerable position of the European Court of Human Rights vis-à-vis the contracting states. |
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Get Your Money’s Worth from Investment AdviceAnalysing the Clash over the Knowledge and Competence Requirements in the Markets in Financial Instruments Directive (MiFID II) |
Journal | European Journal of Law Reform, Issue 1-2 2017 |
Keywords | Better Regulation, ESMA, financial regulation, expertise, MiFID II |
Authors | Aneta Spendzharova, Elissaveta Radulova and Kate Surala |
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This special issue aims to examine whether there is an enduring politicization in the European Union (EU) “Better Regulation” agenda despite the emphasis on neutral evidence-based policy making. Our article addresses this overarching research question by focusing on the use of stakeholder consultations in the case of financial sector governance, particularly, the amended Markets in Financial Instruments Directive (MiFID II). We show that calibrating key provisions in MiFID II, such as those concerning knowledge and expertise, is not a simple exercise in rational problem definition and policy design. The provisions examined in this article have important repercussions for financial sector firms’ business strategies and operations. Thus, investment firms, banks, training institutes and public organizations have mobilized and actively sought to assert their views on the appropriate requirements for professional knowledge and experience in MiFID II. We found that, following the stakeholder consultation, the European Securities and Markets Authority (ESMA) opted for a minimum harmonization approach at the EU level. At the same time, ESMA also supported giving the respective national competent authorities sufficient remit to issue additional requirements in accordance with national laws and regulatory practices. Our article demonstrates that while public consultations provide rich evidence for the policy making process, they also contribute to the lasting politicization of regulatory decisions. |
Editorial |
The European Union’s New “Better Regulation” Agenda: Between Procedures and PoliticsIntroduction to the Special Issue |
Journal | European Journal of Law Reform, Issue 1-2 2017 |
Authors | Mariolina Eliantonio and Aneta Spendzharova |
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Regulatory Review of European Commission Impact AssessmentsWhat Kind for Which Better Regulation Scenario? |
Journal | European Journal of Law Reform, Issue 1-2 2017 |
Keywords | impact assessment, Better Regulation, non-judicial review, regulatory scrutiny, European Union |
Authors | Anne C.M. Meuwese |
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The article maps the various ways in which review of Commission impact assessments takes place by the Regulatory Scrutiny Board, the European Ombudsman, the European Court of Auditors, and the Court of Justice of the European Union, among others, and assesses the effect these review activities have on the framework and functioning of this primary Better Regulation tool. |
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Alternative Forms of Regulation: Are They Really ‘Better’ Regulation?A Case Study of the European Standardization Process |
Journal | European Journal of Law Reform, Issue 1-2 2017 |
Keywords | Better Regulation, co-regulation, standardization, judicial review |
Authors | Mariolina Eliantonio |
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One of the commitments of the Better Regulation Package is to consider ‘both regulatory and well-designed non-regulatory means’. Such mechanisms include co-regulation, i.e. administrative processes which involve the participation of private parties, such as the social partners or the standardization bodies, as (co-)decision makers. While the involvement of private parties in European Union (EU) administrative governance has the clear advantage of delivering policies which are based on the expertise of the regulatees themselves, private-party rule-making raises significant concerns in terms of its legitimacy. This article aims to discuss the gaps of judicial protection which exist in co-regulation mechanisms, by taking the case study of the standardization process. After an introduction to the issue of co-regulation and the rationale for the involvement of private parties in EU administrative governance, the standardization process will be examined and the mechanisms of judicial supervision will be reviewed in order to establish the possible gaps of judicial protection. |
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Private Regulation in EU Better RegulationPast Performance and Future Promises |
Journal | European Journal of Law Reform, Issue 1-2 2017 |
Keywords | Better Regulation, private regulation, self-regulation, co-regulation, impact assessment |
Authors | Paul Verbruggen |
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The promotion of private regulation is frequently part of better regulation programmes. Also the Better Regulation programme of the European Union (EU) initiated in 2002 advocated forms of private regulation as important means to improve EU law-making activities. However, for various reasons the ambition to encourage private regulation as a genuine governance response to policy issues has remained a paper reality. This contribution asks whether and to what extent the 2015 EU Agenda on Better Regulation provides renewed guidance on how private regulation might be integrated in EU law-making processes. To that end, it builds on previous (empirical) research conducted on European private regulation and reviews the principal policy documents constituting the new EU agenda on better regulation. It is argued that while the new agenda addresses a number of the shortcomings of the old programme concerning the conceptualization and practice of private regulation in the EU, it still falls short of providing principled guidance on how private regulation can be combined and integrated in EU law-making. |