What is Consumer Protection law? Consumer protection laws are state and federal laws that serve to protect individual consumers from deception or fraud in the marketplace. A consumer is someone who buys something for personal, family, or household use. These laws promote the accurate disclosure of information, facilitate market competition, and dete...

Can Parties Challenge a Mediation? Parties to mediation can challenge any agreement resulting from the mediation by bringing a legal action alleging fraud or impropriety in inducing their agreement to a settlement of the underlying dispute. What is the process for Challenging the mediation agreement? A successful mediation results in a negotiated se...

What is a Multi-Asset Class? A multi-asset class or a multi-asset fund consists of an amalgam of various asset classes including cash, bonds and equity, in which a person invests. As the name suggests, a multi-class asset comprises at least one asset class, and therefore, results in building a portfolio of given assets. Different investors have diff...

What is Buy Side Trading?  Buy-side is the face of the Wall Street constructed by institutional investors like mutual funds, pension funds in addition to insurance firms that tenders in purchasing a high volume of securities for purposes of financial management. Sell-side being the antonym of Purchase side, deals with the provision of endorsements o...

What are the standards by which the government (through laws or actions) may infringe on individual rights? The standards of judicial review constitute the standards that a court will employ when determining whether a law infringes upon an individual's constitutionally protected rights.  There are generally three applicable standards: Rational Basis...

What is Pro Bono? Pro Bono is coined from the Latin phrase pro bono publico. Pro bono means working for the public, and its popularly utilized in the legal profession. Generally, it refers to professional services offered voluntarily at no cost to the recipient. The individual providing the pro bono service might usually do so to a party that cant a...

How do Price, Supply, and Demand in the Labor Market? Markets for labor have demand and supply curves, just like markets for goods. The law of demand applies in labor markets this way: A higher salary or wage—that is, a higher price in the labor market—leads to a decrease in the quantity of labor demanded by employers, while a lower salary or wage l...

What is Egocentricism? The term egocentrism refers to a person's inability to comprehend that views or opinions may be different from their own. More specifically, it is a cognitive bias that limits one's understanding of others to her own perspective.  Egocentricism as a concept was developed in Piaget's theory of childhood development.   How does ...

What is the mediation process? The process for mediation will depend upon whether it is voluntary or involuntary. The voluntary mediation process is far less rigid than that of mandatory mediation. Involuntary or mandatory mediation is somewhat of a formal process. The mediator may employ any number of techniques to help the parties arrive at a nego...

What is a Permanent Capital Vehicle? A permanent capital vehicle, also known as PCV, is a type of investment where capital available or permanent capital is managed for an unlimited period of time. Unlike a limited-life private investment fund, which takes a term of 10 years before the liquidation, PCVs can go past 15 years with some periodic extens...