Paris Eyes Luring 20K Bankers from London Amid Brexit Rupture

Re:Paris Eyes Luring 20K Bankers from London Amid Brexit Rup... by woodpanel on Wednesday January 04, 2017 @05:38AM (#13317096)

Very interesting. I buy into your market vs. bank based economy argument. Would make sense out of many personal observations.

But how come (French) Civil Law is to be 'a bug'? To me Civil Law seems superior, because it tends to make law more codified and less informal. In return it seems to be more affordable for the masses. If you're considering where to locate your startup for example, the differential in litigation costs between UK and Germany is said to be 3 to 1. But really, I'd like to know what you think.

[ Parent | on HN ]

Re:Paris Eyes Luring 20K Bankers from London Amid Brexit Rup... by JumpCrisscross on Wednesday January 04, 2017 @05:50AM (#13317145)

> how come French Civil Law is to be 'a bug'?

The paper divides economies into three buckets: market-based, bank-based and underdeveloped. French Civil Law is found in a disproportionate number of underdeveloped economies. I suspect this has to do with France's colonial traditions more than the merits of civil versus common law. (Based on what I've read, both legal systems have produced advanced, albeit structurally different, economies.)

[ Parent | on HN ]

Re:Paris Eyes Luring 20K Bankers from London Amid Brexit Rup... by woodpanel on Wednesday January 04, 2017 @06:01AM (#13317197)

Thanks! Africa seems to be a big contributor, but there are lots of mixed systems in the wild it seems [1][2]. Wonder how the paper draws the line there...

[1] https://en.wikipedia.org/wiki/Common_law#/media/File:Map_of_...

[2] https://de.wikipedia.org/wiki/Common_Law#/media/File:Common_...

[ Parent | on HN ]

Re:Paris Eyes Luring 20K Bankers from London Amid Brexit Rup... by tornadoboy55 on Wednesday January 04, 2017 @06:42AM (#13317418)

.... and also in a disproportionate number of rich economies. Benelux+Scandinavia?

[ Parent | on HN ]