{"title":"Class Actions in Chile","authors":"Agustín Barroilhet","doi":"10.2139/ssrn.1995906","DOIUrl":"https://doi.org/10.2139/ssrn.1995906","url":null,"abstract":"This study provides an empirical description of how class actions have worked in Chile under the procedure enacted in 2004. The study is the first comprehensive empirical description of consumer class action cases in the country since they were implemented. This study begins with a description of the consumer class action procedure and explains how the consensus regarding the undesirable effects of private enforcement steered by plaintiffs’ attorneys, led to a defendant-friendly procedure that gave little incentives for plaintiffs to litigate them. The study also explains the theoretical barriers in the procedure that prevents settlements, which are a common outcome of class action litigation in other jurisdictions. The second part of the article describes the universe of class action cases, and provides some interpretations on the aggregated data. The latter confirms that the class action procedure has effectively prevented sophisticated plaintiff’s counsels from engaging in class action litigation, has rendered few settlements, and ultimately have been used for political purposes or to draw the attention of the regulatory authorities.","PeriodicalId":256473,"journal":{"name":"Law and Business Review of the Americas","volume":"210 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2012-01-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127013582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"When Crime Pays: Measuring Judicial Efficacy against Corruption in Brazil","authors":"C. Higino, Ivo T. Gico","doi":"10.2139/SSRN.1591223","DOIUrl":"https://doi.org/10.2139/SSRN.1591223","url":null,"abstract":"There is a widespread perception in Brazil that civil servants caught in corrupt practices are not punished. Yet, until now, there was no hard evidence that would support such claim and some argued that this was just a mislead perception due to the recent increase in anti-corruption measures. One of the main reasons for this notably absence is that it is very difficult to identify actual cases of corruption to, then, measure whether or not they are actually punished by the judicial system. This paper proposes a method of measuring judicial system efficacy against corruption by comparing proven corruption cases punished by administrative committees with criminal and civil judicial performance for the same cases. Ours results show that in fact the Brazilian judicial system is highly ineffective in fighting corruption.","PeriodicalId":256473,"journal":{"name":"Law and Business Review of the Americas","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127078937","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pension Reform: Lessons from Latin America","authors":"M. Queisser","doi":"10.1787/056345037755","DOIUrl":"https://doi.org/10.1787/056345037755","url":null,"abstract":"• There are benefits from Latin American pension reform, but they have been overestimated. • The approaches taken in second-generation reforms and their still early results hold lessons for OECD and non-OECD countries alike. • A partial shift to funding is feasible and can be financed in different ways; partial funding of pensions can lead to greater risk diversification. • High administrative costs and uniformity of investment portfolios make the new systems inefficient; pension regulation has to be designed and implemented to lessen these negative effects.","PeriodicalId":256473,"journal":{"name":"Law and Business Review of the Americas","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114620209","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Speed Bumps, Potholes, and Roadblocks on the North American Superhighway","authors":"R. Pastor","doi":"10.1093/acprof:osobl/9780199782413.003.0005","DOIUrl":"https://doi.org/10.1093/acprof:osobl/9780199782413.003.0005","url":null,"abstract":"","PeriodicalId":256473,"journal":{"name":"Law and Business Review of the Americas","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129161576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Summit of the Americas:","authors":"Olivia D. Howe","doi":"10.2307/j.ctv1q6bnvm.8","DOIUrl":"https://doi.org/10.2307/j.ctv1q6bnvm.8","url":null,"abstract":"","PeriodicalId":256473,"journal":{"name":"Law and Business Review of the Americas","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125460408","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}