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American Law Institute names Oren Bar-Gill a reporter on Restatement Third of Consumer Contracts

The (ALI) has named a reporter on the .

Bar-Gill, a specialist in the law and economics of contracts and contracting, holds this position along with Omri Ben-Shahar of the University of Chicago School of Law. The project will follow the structure of the Restatement Second of Contracts, focusing on consumer contracts and regulatory techniques applied in consumer protection law, and covering common law and statutory and regulatory law. The project will be divided into three major parts: formation of contract, obligations in the contract, and enforcement and remedies.

Last February Bar-Gill and Ben-Shahar organized an invitational conference on consumer protection at ÈâÂþÎÝ Law called “.” Julie Brill ’85, commissioner of the Federal Trade Commission, presented the keynote address at the daylong event, which was sponsored by ALI and ÈâÂþÎÝ Law.

Bar-Gill, who ÈâÂþÎÝ Law in 2005, was in 2011 for his insights into consumer psychology and his legal solutions for problems in the markets relating to cell phones, subprime mortgages and credit cards. His upcoming book , to be published by Oxford University Press in November, explains how consumer contracts—for everything from magazine subscriptions to mortgages—emerge from the interaction between market forces and consumer psychology.

Posted August 9, 2012.