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Legal in sentence

2905 examples of Legal in a sentence

Within the current regulatory and legal environment, with derivatives and other off-balance-sheet liabilities, there is no way for investors to have that assurance today.
Some took legal action against the alleged perpetrators, often their elderly parents.
They ensure that key legal and factual issues get raised, that the best evidence is obtained – often through diplomatic means, but often at risk of life and limb in hostile territory – that guilty pleas do not dilute the truth, and that sentencing recommendations are commensurate with the crimes’ true dimensions.
Tolbert’s legal shrewdness, scholarly international law background, and smart management style are indisputable.
Importing laws and legal standards has dominated attempts by former communist countries to join the West.
Foreign experts helped draft model legal codes and revised draft laws throughout the Yeltsin era in Russia; outsiders helped craft Ukraine’s postcommunist constitution, the charters for the central bank of Estonia, Poland’s secured transaction regime, and Bulgaria’s securities regulations.
Legal transplants, indeed, are as old as the law.
Legal reform efforts in the former socialist bloc mark the second major law and development movement.
What is new today is that, not only individual governments but international organizations, are embracing the idea of strengthening legal structures so as to improve the globe’s international financial architecture.
The IMF endorsed legal standards and codes of best practice developed by other institutions, but also promotes the development of new standards, including accounting and auditing standards, securities market regulations, bankruptcy law, codes for corporate governance, insurance and banking regulations.
The root idea is that such imported laws, once incorporated into domestic legal systems, improve a country’s legal framework and enhance development.
Experience suggests that importing laws and legal standards rarely works well.
Imported legal solutions, it appears, are unlikely to work unless key constituencies - local farmers or business owners, say - support the process of legal transplantation and develop a demand for the legal solutions the transplanted rules offer.
Transplanting laws, indeed, seems as risky as transplanting organs because, like organs, legal transplants may be rejected.
Three factors are at work here:- Only a few rules are freestanding, i.e. can be fully understood and enforced without reference to other legal terms and concepts.
Most legal terms and concepts are embodied in preexisting legal systems, whether informal or formal.
Moreover, the process by which a law is developed has consequences for the effectiveness of legal institutions.
Countries that developed their formal legal order internally develop more effective legal institutions than those who rely - or were forced to rely - on legal transplants.
Countries that actively select legal norms from elsewhere, adapting them to local conditions, are on a par with countries that develop their legal order internally when it comes to the effectiveness of legal institutions.
Perhaps the effectiveness of legal institutions in developing countries and emerging markets is not the only goal.
Investors need to take account of the effectiveness of domestic legal institutions, not just the laws on the books.
As the push to transplant legal norms grows, international agencies should focus on helping countries make their laws effective in practice, not just on paper.
They should improve access to information about how legal systems and laws actually function in their home jurisdictions.
It may also avoid transplanting solutions that simply won’t work absent complementary domestic legal rules and institutions.
Resources are allocated inefficiently across the economy, with a corrupt institutional and legal structure that impedes private investment.
The Nordic countries, for example, have benefited significantly from deeply entrenched social, legal, and political characteristics that are not easy to transfer to their developing-country counterparts.
In the financial sector, the banking system must be commercialized, thereby gradually allowing interest rates to be set by market forces, while capital markets must be deepened in tandem with the development of the legal and supervisory infrastructure needed to ensure financial stability.
It’s obvious that Trump and his strong allies in Congress – he has more than one might expect – are determined to torpedo what’s supposed to be an independent legal inquiry into whether Trump and his campaign colluded with Russia in its efforts to defeat Hillary Clinton in 2016.
But it’s not just Trump who could be in legal trouble.
We regard firms as legal persons, and we talk about countries as if they were a composite person with clear characteristics: Germans love order, Italians are passionate, and Brits possess a stiff upper lip.
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