Number 6

China’s International Commercial Court Network: A Work in Progress

Eight years since its founding, the China International Commercial Court does not (at least not yet) loom large in the competitive landscape of international commercial courts. Older courts in London, Singapore, and Dubai handle much larger caseloads each year. But Susan Finder writes that the CICC is a work in progress, and tracking its development can yield insights about the ambitions of China’s judiciary.

South Korea’s President on Trial: An Explainer

South Korean President Yoon Suk-yeol’s unexpected and short-lived declaration of martial law on December 3, 2024 presented severe challenges to the nation’s legal and political systems. Eungi Hong writes that the responses of other institutions, especially the courts, may serve as a testament to the resilience of South Korea’s Constitution and democracy.

Is Japan (Finally) Back?

The Japanese stock market enjoyed an impressive rally this year, with the Nikkei 225 Index gaining well over 20% and achieving its highest level in three decades. Is Japan (finally) back? Bruce Aronson writes that a lasting recovery will depend upon how deeply corporate governance reforms have taken root and what policies have been adopted to counter the drag of an aging society.