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jerryking : legal_system   11

Three Cheers for Lawyers - WSJ.com
April 17, 2007 | WSJ | By RANDY E. BARNETT.

For better or worse, we have an adversary legal system that relies for its proper operation on having competent lawyers on both sides. In every case I knew about where an innocent person had been convicted, there had been an incompetent defense lawyer at the pretrial and trial stages....Do you suppose that lawyers like these gained their skills only representing the innocent? Criminal lawyers are constantly asked how they can live with themselves defending those guilty of serious crimes. The full and complete answer ought to be that, because we can never be sure who is guilty and who is innocent until the evidence is scrutinized, the only way to protect the innocent is by effectively defending everyone.
lawyers  justice_system  legal_system 
june 2012 by jerryking
THE GALLEON TRIAL U.S. Attorney Sends a Message to Wall Street
MAY 12, 2011 | NYT | BY BENJAMIN WEISER AND PETER LATTMAN. In
21 months as United States attorney, Preet Bharara has had a major
impact on corporate crime.
Every few days during the trial of Raj Rajaratnam, the Galleon Group’s
co-founder, Preet Bharara, the United States attorney for the Southern
District of New York, would quietly enter the courtroom and take a seat
in the last row of the gallery.

From that unassuming vantage point, Mr. Bharara watched his colleagues
try to persuade a jury to convict the former hedge fund titan of
securities fraud and conspiracy.

The consistent presence of Mr. Bharara at the largest insider trading
case in a generation — and the office’s resounding victory on Wednesday —
signaled that the chief federal prosecutor in Manhattan was back as the
sheriff of Wall Street.
legal  legal_system  profile  Preet_Bharara  insider_trading  prosecutors  hedge_funds  Raj_Rajaratnam  Wall_Street 
may 2011 by jerryking
Who Creates the Wealth in Society? - NYTimes.com
May 21, 2010 | New York Times | By UWE E. REINHARDT. From the
comments "Wealth creation requires a set of legal principles and a legal
framework that protect individuals and their property rights. The "who"
is this respect is well-functioning, independent and non-courrupt
judicial system that is able to enforce such rights. This is where
government plays its most significant and valid role; however, in terms
of the size of government in the economy it is hardly
measurable."..."Here, I think he has overlooked the most simple and
fundamental truth about the creation of individual or societal wealth:

Real wealth is created by individuals and societies who are willing to
postpone immediate gratification for longer-term benefit. If everything
produced is immediately consumed, no net wealth is created. If, instead,
more is produced than consumed, not only is wealth created, but so is
the capital needed for future wealth appreciation."
value_creation  wealth_creation  government  delayed_gratification  rule_of_law  justice_system  infrastructure  legal_system  property_rights  institutional_integrity  long-term  instant_gratification  capital_formation  capital_accumulation  indepedent_judiciary 
september 2010 by jerryking
The Globe and Mail: In hard times, our justice system gives us a competitive edge
Monday, April 6, 2009 | The Globe & Mai Page A13 | By
WARREN WINKLER

If a customer doesn't pay, a supplier fails to deliver, a competitor
misappropriates a patent or a business partner backs out of an
exclusivity agreement, you need to know, and the wrongdoer needs to
know, that you can go to court to get a remedy. This is known as the
"rule of law." While only a fraction of transactions wind up in
litigation, an effective court system must be there - just in case.
Canadian_justice_system  infrastructure  legal_system  rule_of_law  competitive_advantage  Canada  Canadian  institutions  institutional_integrity  hard_times 
april 2009 by jerryking

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