1	

PARTY	
  AUTONOMY	
  IN	
  	
  
INTERNATIONAL	
  FAMILY	
  LAW	
  
-­‐	
  An	
  Economic	
  Perspective	
  -­‐	
  	
  ...
2	

outline	
  
• Party	
  autonomy	
  &	
  international	
  family	
  law	
  
• Marriage	
  as	
  a	
  contract?	
  	
  
...
3	

1.	
  PARTY	
  AUTONOMY	
  &	
  	
  
INTERNATIONAL	
  FAMILY	
  LAW	
  
4	

UK	
  SUPREME	
  COURT	
  (2010):	
  
Radmacher	
  v	
  Granatino	
  
4
5	

1.	
  PIL	
  BACKGROUND:	
  	
  
Expansion	
  of	
  Party	
  autonomy	
  in	
  IFL	
  	
  
	
  	
  Party	
  autonomy	
...
6	

1.	
  PIL	
  BACKGROUND:	
  	
  
Expansion	
  of	
  Party	
  autonomy	
  in	
  IFL	
  
	
  	
  Socio-­‐economic	
  jus...
7	

2.	
  MARRIAGE	
  AS	
  A	
  CONTRACT	
  
-­‐	
  PIL	
  -­‐	
  
Simon	
  Bruce:	
  “Pre-­‐nups	
  are	
  like	
  a	
  ...
8	

2.	
  MARRIAGE	
  AS	
  A	
  LONG	
  TERM	
  CONTRACT	
  
	
  	
  Specialization	
  theory	
  	
  
• Marriage	
  as	
 ...
9	

2.	
  MARRIAGE	
  –	
  A	
  LONG	
  TERM	
  CONTRACT	
  
Economic	
  justifications	
  
 Functions	
  of	
  party	
  au...
10	

2.	
  MARRIAGE	
  AS	
  A	
  LONG-­‐TERM	
  CONTRACT	
  
Economic	
  justifications	
  
	
  	
  	
  Limitations	
  of	...
11	

4.	
  IS	
  MARRIAGE	
  JUST	
  A	
  CONTRACT?	
  	
  
12	

3.	
  MARRIAGE:	
  
More	
  than	
  a	
  contract	
  
	
  	
  	
  Marriage	
  as	
  a	
  SIGNAL	
  	
  
• Marriage	
 ...
13	

3.	
  MARRIAGE	
  AS	
  A	
  SIGNAL	
  
PERSON	
   PERSON	
  
AUDIENCE	
  
traditional	
  	
  
economic	
  theories	
...
14	

MARRIAGE	
  AS	
  A	
  SIGNAL:	
  	
  
Implications	
  to	
  Party	
  Autonomy	
  (1)	
  
Surplus	
  value 	
  of	
  ...
15	

MARRIAGE	
  
CUSTODY	
  
DIVORCE	
  
MATRIMONIAL	
  	
  
PROPERTY	
  
Number	
  of	
  	
  
Stakeholders	
  
Scope	
  ...
16	

MARRIAGE	
  AS	
  A	
  SIGNAL:	
  	
  
Implications	
  to	
  Party	
  Autonomy	
  (3)	
  
SURPLUS	
  VALUE	
  	
  
OF...
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Party Autonomy in International Family Law: An Economic Perspective

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Party Autonomy in International Family Law: An Economic Perspective

  1. 1. 1 PARTY  AUTONOMY  IN     INTERNATIONAL  FAMILY  LAW   -­‐  An  Economic  Perspective  -­‐       Jurčys  Paulius     ユルチス ポール  
  2. 2. 2 outline   • Party  autonomy  &  international  family  law   • Marriage  as  a  contract?     • Economic  rationale  of  party  autonomy     • If  marriage  is  more  than  a  contract?   • Observations  
  3. 3. 3 1.  PARTY  AUTONOMY  &     INTERNATIONAL  FAMILY  LAW  
  4. 4. 4 UK  SUPREME  COURT  (2010):   Radmacher  v  Granatino   4
  5. 5. 5 1.  PIL  BACKGROUND:     Expansion  of  Party  autonomy  in  IFL        Party  autonomy  in  IFL   • Law  governing  matrimonial  property   • Law  governing  divorce  and  other  consequences     • Choice  of  law  in  other  areas:  succession,  maintenance        Limitations     • Public  policy     • Protection  of  weaker  parties  (children)   • Sovereignty,  comity  
  6. 6. 6 1.  PIL  BACKGROUND:     Expansion  of  Party  autonomy  in  IFL      Socio-­‐economic  justifications   • Equal  status  of  husband  &  wife     • Globalization  &  mobility  of  persons        Legal  Justifications   • Constitutional  traditions  and  natural  rights  theory   •   Extension  of  private  autonomy  
  7. 7. 7 2.  MARRIAGE  AS  A  CONTRACT   -­‐  PIL  -­‐   Simon  Bruce:  “Pre-­‐nups  are  like  a   form  of  fire  insurance  -­‐  far  better   taken  out  before  the  event”  
  8. 8. 8 2.  MARRIAGE  AS  A  LONG  TERM  CONTRACT      Specialization  theory     • Marriage  as  an  institution  for  raising  children;     sharing  costs  of  living  etc.      Investment  theory   • Marriage  as  a  guarantee  for  investment     (i.e.  alimony  compensation  for  loss  )  
  9. 9. 9 2.  MARRIAGE  –  A  LONG  TERM  CONTRACT   Economic  justifications    Functions  of  party  autonomy  in  IFL:   • Market  conform  transactions   • Efficiency  &  legal  certainty   • Competition  of  legal  systems  
  10. 10. 10 2.  MARRIAGE  AS  A  LONG-­‐TERM  CONTRACT   Economic  justifications        Limitations  of  party  autonomy  in  IFL:   • Information  asymmetries   • Externalities     (taxes,  parents  and  children)  
  11. 11. 11 4.  IS  MARRIAGE  JUST  A  CONTRACT?    
  12. 12. 12 3.  MARRIAGE:   More  than  a  contract        Marriage  as  a  SIGNAL     • Marriage  vs.  other  forms  of  relationship        Individualization  theory  (Luhmann)   • if  A  loves  B,  certain  issues  that  would  not   otherwise  matter  become  important     (e.g.  B  curious  whether  A  had  breakfast  etc.)  
  13. 13. 13 3.  MARRIAGE  AS  A  SIGNAL   PERSON   PERSON   AUDIENCE   traditional     economic  theories   signaling     function   Marriage  
  14. 14. 14 MARRIAGE  AS  A  SIGNAL:     Implications  to  Party  Autonomy  (1)   Surplus  value  of  marriage   • How  to  conceptualize  it?   Relation  to  the  existing  economic  justifications  of  PA   • A  different  perspective  to   public  policy  argument  which   was  used  to  justify  the  limitations  of  party  autonomy    
  15. 15. 15 MARRIAGE   CUSTODY   DIVORCE   MATRIMONIAL     PROPERTY   Number  of     Stakeholders   Scope  of     Party  Autonomy   MAINTENANCE   MARRIAGE  AS  A  SIGNAL:     Implications  to  Party  Autonomy  (2)  
  16. 16. 16 MARRIAGE  AS  A  SIGNAL:     Implications  to  Party  Autonomy  (3)   SURPLUS  VALUE     OF  MARRIAGE     PARTY   AUTONOMY       EXPAND?   RESTRICT?  

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