Pistor, Katharina creator text New YorkUS UN 2000 monographic ix, 21 p. Argues that for developing effective legal systems, the contents of supplied laws is of only secondary importance to the process of law development and the compatibility of the new laws with pre-existing conditions, including existing legislation and legal institutions. Discusses the implications for countries wishing to attract foreign investments by adopting the new standards, and makes some proposals for creating more effective legal systems in the area of financial law. 3/7/01 JOY_D 04.01.01 P679