A Big Gap between ‘law in books’ and ‘law in action’ and "A New Taxonomy of Enforcement Strategies"
Any attempt to comprehensively analyse the enforcement of corporate law and securities regulation is difficult, not only because there are so many distinct national systems in play, but also because, we need to examine both formal enforcement mechanisms and the way in which such mechanisms are applied in practice. If nothing else, the expert analyses presented in the foregoing chapters of this book confirm that with respect to enforcement issues a rather large gap does exist between what Roscoe Pound memorably called ‘law in books’ and ‘law in action’.
Huang, Robin H. and Nicholas C. Howson. ""A Big Gap between ‘law in books’ and ‘law in action’" and "A New Taxonomy of Enforcement Strategies"." Conclusion to Enforcement of Corporate and Securities Law: China and the WorldRobin H. Huang and Nicholas C. Howson. . Cambridge: Cambridge University Press, 2017.
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