Visible and Invisible: The World Financial-Corporate System from the Perspective of Extraterritoriality and the Legal-Illegal Binary Code
DOI:
https://doi.org/10.11606/issn.2179-0892.geousp.2017.136846Keywords:
Extraterritoriality. Financial-corporative system. State and globalization. Territory and law. Jurisdiction and territory.Abstract
This article considers the financial-corporate system as one of the paradigms of the globalization process and discusses some of the arguments for and against the idea that this process signals the end of the sovereign territorial state system. We argue that their problematic coexistence is best captured by the concept of extraterritoriality, as exemplified by the analysis of the various types of “jurisdictional-spatial fix” associated to the financial-corporative system. These arrangements are dependent both on jurisdiction and the principle of sovereignty, which suggests that there are more complex issues at stake, foremost the competition between legal orders, and behaviors that resists the distinction between legality and illegality.
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