Volume 5, Issue 1, 2018 PEKING UNIVERSITY TRANSNATIONAL LAw REVIEW VOLUME 5, ISSUE 1, 2018 ARTICLES A Relational Approach to Property Rights Change: Max JOITE Comparing English Enclosures and Chinese Rural Land Reform Reimagining Digital Copyright Through the Power Giancarlo F. FROSIO of Imitation: Lessons from Confucius and Plato TRANSLATIONS Commentary on Article 52(5) of Contract Law of ZHU Qingyu the People's Republic of China The Empirical Study on the Invalidation of YE Mingyi Illegal Contracts in China Restitution of Benefits Acquired through Illegal XU Defeng Contract: Regulation of Bad Faith Behaviors NOTES Revolutionary Reform in the U.S.: Learning Stephan JAGGI from the American Experience of Constitutional Amendment outside Article V Protection of Preferred Shareholders Under ZHONG Xiaozhu China s New Rule Pages Jail Time’ is Not a Cure: Misguided Efforts in LI Mengshi Prioritizing Prosecution Against Individuals 1 - 322 Under the FCPA Context PEKING UNIVERSITY SCHOOL OF TRANSNATIONAL LAW PEKING UNIVERSITY TRANSNATIONAL LAW REVIEW Volume 5, Issue 1 2018 PEKING UNIVERSITY SCHOOL OF TRANSNATIONAL LAW [email protected] Copyright: Copyright ©2018 by Peking University School of Transnational Law. 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Please visit our website at http://stl.pku.edu.cn/academics/peking-university-transnational- law-review/ or by scanning the QR code. © 2018 Peking University School of Transnational Law PEKING UNIVERSITY TRANSNATIONAL LAW REVIEW VOLUME 5, ISSUE 1 2018 Editorial Board Editor-in-Chief ZHENG Xinjia Executive Editor Managing Editor LI Changhong HE Pei YUAN Ziyan ZHU Liusheng Senior Editors DENG Qicheng LI Shujun SUN Dongyu DENG Zhicong QI Xin WU Huizi HE Jiahuan SONG Jiayi ZHOU Yibin Editors FANG Li REN Xuewei WANG Menglan MA Jialing SUN Boxuan WANG Yue GUO Xin WANG Fengyang WEN Shuke PAN Danyang ZHANG Min ZHANG Xi © 2018 Peking University School of Transnational Law Faculty Advisors Ray CAMPBELL Advisory Board Duncan ALFORD Seth CHERTOK Fei CAO Mark FELDMAN Nicholas FRAYN Norman P. HO Stephan JAGGI JIN Zining Sang Yop KANG Douglas LEVENE Thomas Y. MAN MAO Shaowei Philip MCCONNAUGHAY Danya REDA Nitzan SHILON Francis SNYDER Colleen TOOMEY Joy XIANG Fan YANG ZHU Daming Administrative Support CHEN Keru DAI Zheng GUAN Shangyicheng LIU Nan Christian PANGILINAN TAN Peihua TIAN He WANG Wei XU Wenwen YANG Rui ZHANG Chenli ZHONG Xiaojin ZHOU Xuan ZHU Xiaoli © 2018 Peking University School of Transnational Law PEKING UNIVERSITY TRANSNATIONAL LAW REVIEW VOLUME 5, ISSUE 1 2018 CONTENTS ARTICLES Max JOITE, A Relational Approach to Property Rights Change: Comparing English Enclosures and Chinese Rural Land Reform .......................................................................... 1 Giancarlo F. FROSIO, Reimagining Digital Copyright Through the Power of Imitation: Lessons from Confucius and Plato ............................................................................................ 55 TRANSLATIONS ZHU Qingyu, Commentary on Article 52(5) of Contract Law of the People's Republic of China ........................................................................................................................... 107 YE Mingyi, The Empirical Study on the Invalidation of Illegal Contracts in China ......... 161 © 2018 Peking University School of Transnational Law XU Defeng, Restitution of Benefits Acquired through Illegal Contract: Regulation of Bad Faith Behaviors .......................................................................................................... 203 NOTES Stephan JAGGI, Revolutionary Reform in the U.S.: Learning from the American Experience of Constitutional Amendment outside Article V .................................................. 243 ZHONG Xiaozhu, Protection of Preferred Shareholders Under China’s New Rule ..................... 258 LI Mengshi, Jail Time is Not a Cure: Misguided Efforts in Prioritizing Prosecution Against Individuals Under the FCPA Context .............................................................. 293 © 2018 Peking University School of Transnational Law 2018 A Relational Approach to Property Rights Change A Relational Approach to Property Rights Change: Comparing English Enclosures and Chinese Rural Land Reform ∗ Max JOITE TABLE OF CONTENTS I. INTRODUCTION ............................................................................................... 3 II. CHINESE AND ENGLISH PROPERTY RIGHTS REFORM ..................................... 4 A. What Are Property Rights? ...................................................................... 4 B. Chinese Rural Land Reform ..................................................................... 6 1. Production Team System ................................................................ 6 2. Household Responsibility System .................................................. 7 C. English Enclosures................................................................................... 8 1. Common Fields ............................................................................... 9 2. Enclosed Land ................................................................................11 D. Comparative View .................................................................................. 12 III. LAW AND ECONOMICS PERSPECTIVE .......................................................... 12 A. China, Economically .............................................................................. 14 B. England, Economically .......................................................................... 16 C. Limitations of the Economic Perspective ............................................... 18 D. Interest-Group Perspective? .................................................................. 20 IV. SOCIAL RELATIONS PERSPECTIVE: AN INTRODUCTION ............................... 22 A. What Are Social Relations? .................................................................... 23 B. Concert of Property Rights And Social Relations .................................. 23 C. Social Relations Form Property Rights ................................................. 25 D. Property Rights Form Social Relations ................................................. 26 V. RELATIONAL PERSPECTIVE ON REFORM PROCESS ........................................ 27 A. China, Relational Process ...................................................................... 30 1. Initial Adaptation of HRS ............................................................. 30 2. Consolidation of HRS ................................................................... 31 B. England, Relational Process .................................................................. 33 1. Enclosure Agreement .................................................................... 33 2. Enclosure Acts .............................................................................. 35 ∗ Max JOITE is a trainee lawyer (Referendar) at the Higher Regional Court of Berlin. LL.M. 2016, University of Hong Kong; LL.B. 2014, Bucerius Law School. The dissertation forming the basis of this article was awarded the University of Hong Kong Winston Chu & Co. Prize in Law 2015–16. The author would like to thank Dr. Shitong Qiao, who inspired and encouraged his study of comparative property law. © 2018 Peking University School of Transnational Law 2 PKU Transnational Law Review Vol. 5:1 C. Comparative View .................................................................................. 36 VI. RELATIONAL PERSPECTIVE ON PROPERTY RIGHTS CHANGE ....................... 37 A. China, Reform-Society Interaction ......................................................... 40 1. Egalitarianism (Villager-Land Relation) ....................................... 40 2. Sense of Community ..................................................................... 43 B. England, Reform-Society Interaction ..................................................... 44 1. Access to Land (Villager-Land Relation) ...................................... 45 2. Independence (Villager-Villager Relation) ................................... 49 3. Sense of Community ..................................................................... 51 C. Comparative View .................................................................................. 52 VII. CONCLUSION ............................................................................................ 53 © 2018 Peking University School of Transnational Law 2018 A Relational Approach to Property Rights Change 3 I. INTRODUCTION he law and economics approach dominates