Above The Law
Today, businesses are increasingly able to shifting capital and labour supply chains across borders, as well as trading with abroad companies, making the question of which nation has jurisdiction even more urgent. Increasing numbers of companies opt for commercial arbitration underneath the New York Convention 1958. Around 1900 Max Weber defined his “scientific” method to law, figuring out the “authorized rational type” as a type of domination, not attributable to personal authority but to the authority of abstract norms. Formal authorized rationality was his term for the key characteristic of the kind of coherent and calculable law that was a precondition for contemporary political developments and the trendy bureaucratic state. Weber noticed this law as having developed in parallel with the growth of capitalism.
Obligations, like contracts and torts, are conceptualised as rights good between individuals. Locke argued that our “lives, liberties and estates” are our property because we own …