| 1 | The word "privilege" translates as "private law". | |
| 2 | This means in practice a very large part of the national private laws of the Member States. | |
| 3 | But how would appeals work in a voluntary system of private law? | |
| 4 | One of the distinctive characteristics of the legal systems associated with Western societies is the extensiveness of "PRIVATE LAW". | |
| 5 | Where is the clear line between state coercion and private autonomy in corporate law? This is a basic theoretical issue of corporate law. |
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