It was further observed that, while in principle under this approach arbitration clauses contained in bills of lading would be unenforceable, specific exemptions should be foreseen for special liner trades.

(70) The insolvency law should specify that any contract clause that automatically terminates or accelerates a contract upon the occurrence of any of the following events is unenforceable as against the insolvency representative and the debtor

Banks loaded up on the relatively high yield debt of countries like Greece because they had to set aside very little capital. But, while the debt was highly rated, how could anyone objectively assess unsecured and virtually unenforceable obligations?

Nineteen years of experience with the Maastricht Treaty, which created both the EU and the euro, has shown convincingly that such limits are unenforceable. Countries with the clout to flaunt the limits will do so whenever it is politically convenient.

Though the American author did not hire British counsel and did not try to defend herself in the UK, she was ordered to pay damages, arousing outrage in the United States. The US Congress adopted legislation, signed by President Barack Obama, making such judgments unenforceable in American courts.

(j) In the area of conflict of laws, courts in both the Netherlands and Luxembourg held the Hague Conventions concerning Conflicts of Laws in Matters of Marriage, Divorce and Guardianship to be suspended but not abrogated the Dutch Supreme Court later limited the suspension to provisions which had become unenforceable

I d like to lay out a simple path to addressing (not resolving) these security problems, one that does not require agreement among all governments (or people) on what really constitutes a crime, much less a global police force or unenforceable global treaties. If we can increase security in general, then governments can focus on the real criminals.