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The function of law is to order society.
FORBES: Gun Control--The Only Way To Disarm Is To Disarm
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They included cost of living and the tax climate for retirees (generally a function of state law).
FORBES: Suburbs Can Be Comfortable For Retirement
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The contrast is that FAPTs do not require favorable choice-of-law rulings to function as intended, since a presumption behind those trusts is that the foreign jurisdiction where the trustee is based is not going to honor U.S. law or court rulings anyway.
FORBES: Zukerkorn -- Possible Bad News For Domestic Asset Protection Trusts In Conflict-Of-Laws Dispute
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Another potential rub in welcoming world finance is the rule-of-law problem: Capital markets function on trust, and welshing on derivatives contracts, for example, is not conducive to bringing big money to the mainland.
FORBES: Side Lines
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But the Food and Drug Administration does not prospectively review food claims because American law says that foods are allowed to affect the "structure and function" of the body, so long as they do not actually claim to treat disease.
FORBES: Magazine Article
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Remember when Congress banned federal funding for Acorn and the group, along with media lefties like Rachel Maddow, argued it was a bill of attainder, a law designed to punish a particular wrong, properly a judicial function?
WSJ: Best of the Web Today: Revenge of the Nerds
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Officials say that one function of party cells in the non-state sector is to help ensure that such enterprises uphold the law.
ECONOMIST: Economically, but not politically
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Kirchner and his partners approved a law of financial administration which gives unlimited powers to government administrators to re-allocate budgets, a function usually carried in coordination and with the approval of Congress.
CENTERFORSECURITYPOLICY: The meaning of Kirchner's recent defeat