modify and terminate the contract if financial impossibility

Impossibility , Hardship and Exemption under Ibero-american Contract Law

If Franin Financial CORPORATION Richard

Mandatory auditor rotation is designed to increase auditor independence. However, there already exist substantial regulations that ensure auditor independence, such as mandatory audit partner rotation, requiring auditor selection and supervision by audit committees consisting of independent directors, and limitations on the non-audit fees audit firms receive from the companies they audit. Many ...

Contract Design: Financial Options and Risk

Introduction Integrated care systems as well as accountable care organisations (ACOs) in the US and similar concepts in other countries are advocated as an effective method of improving the performance of healthcare systems. These systems outline a payment and care delivery model that intends to tie provider reimbursements to predefined quality metrics. By this the total costs of care shall be ...

Supply Chain Contract Design Under Financial Constraints and Bankruptcy Costs

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Spatial Competition among Financial Service Providers and Optimal Contract Design

We present a contract-based model of industrial organization that allows us to consider in a unified way both different information frictions (moral hazard, adverse selection, both) and a variety of market structures (monopoly, imperfect competition, various strategic interactions). We show how this method can be applied to the spread of the banking industry in emerging market countries, emphas...

1 Incoherence of Contract - Based Islamic Financial Jurisprudence in the Age of Financial Engineering Mahmoud

Islamic financial jurisprudence has always had the stated aim of enhancing human welfare, and therefore prohibitions must be seen through the lens of welfare-enhancing regulation of financial practices. In today’s age of financial engineering, utilizing many of the legal and financial advances of the past two decades, it is quite easy to synthesize the contracts that classical and contemporary ...