Suchergebnisse

The Minquiers and Ecrehos Case: On June 26, 1952, the International Court of Justice fixed October 6, 1952 as the time-limit for the filing of the reply of the government of the United Kingdom and February 6, 1953 as the time-limit for the filing of the rejoinder of the French government in the Minquiers and Ecrehos case. However, at the request of the United Kingdom, and with the acceptance of the extension by France, the Court, on August 27, fixed November 6, 1952 and March 6, 1953 as the time-limits for the filing of the United Kingdom reply and the French rejoinder, respectively.

Hungarian legislation provides firms with financial incentives to train apprentices from vocational training schools. In line with these incentives, it is observed that firms increasingly train apprentices over the period 2003-2011, in particular, in the sectors manufacturing, construction, wholesale and retail and hotels and restaurants. However, at the same time, it is observed that firms decreasingly retain the trained apprentices in these four sectors. This finding leads to the hypothesis that apprentices are not profitable in the long run. The formulated hypothesis is known in the previous literature as the 'substitution strategy'. This recruiting strategy is particularly observed among firms that replace their low-skilled labour with apprentices in order to reduce the cost of wages. For these firms it is not beneficial to hire an apprentice after accomplishing his training, because then he becomes a low-skilled worker paid at higher wages. This paper investigates the effect of the share of days worked by apprentices on productivity and gross profits of Hungarian firms by using a unique matched employer-employee dataset. Different approaches that allow us to estimate the effect are discussed among which fixed effects first-difference models and system GMM. The results indicate that apprentices decrease productivity and gross profits of Hungarian firms. These negative effects on firm performance were more prominent and robust before (2003-2007) than after the financial crisis (2008-2011).

This Note will review recent decisions applying state law fiduciary standards and will propose procedural and substantive modifications to existing standards. The proposed modifications will compel target directors to recognize and fulfill fiduciary obligations when faced with a decision whether or not to resist a tender offer.

Case concerning the Northern Cameroons (Cameroun v. United Kingdom): In an order of July 6, 1961, the International Court of Justice fixed the time limits for the filing of pleadings in the case concerning the Northern Cameroons as follows: for the memorial of the Republic of Cameroun, November 1, 1961; and for the countermemorial of the United Kingdom, March 1, 1962. Subsequently, in an order of November 2, 1961, the Court, in accordance with a request from the agent of the government of the Republic of Cameroun, extended to January 3, 1962, the time limit for the filing of the memorial of the Republic of Cameroun and to May 2, 1962, the time limit for the filing of the countermemorial of the United Kingdom.