Public Law Studies Quarterly

The Legal Liability of Economic Regulatory Authorities

Document Type : Article

Authors

Milad Haji Esmaeili 1
Mehrab Darabpour 2

1 PhD Student in Oil and Gas Law, Faculty of Law, University of Shahid Beheshti, Tehran, Iran‎

2 Prof, Department of Law, Faculty of Law, university of Shahid Beheshti‏,‏‎ Tehran, Iran‎

https://doi.org/10.22059/jplsq.2024.354303.3257
Abstract
In modern governance regulation falls under the category of emerging and challenging phenomena, and there are significant gaps in its principles. Moving away from the notion of  large government versus  small government, a new governance approach known as the “regulatory state” has emerged. In this paradigm, regulatory institutions are established with the aim of achieving public good and have begun to regulate, supervise, and manage affairs using tools provided by law. As a result, the regulated entities—referred to as "subjects of regulation"—are directly affected, while the government and the public are indirectly influenced by the decisions of regulatory institutions. The research question is whether regulatory institutions can be held legally responsible if they cause harm to related and affected individuals due to their failure to fulfill their legal duties, or whether they are exempt from responsibility due to the nature of their sovereign actions? The reasons, findings, and evidence presented in this research indicate that such liability should exist for regulatory institutions, compelling them to compensate for damages. The paper also discusses potential remedies for damages resulting from the actions of these regulatory institutions.

Keywords

accountability
‎compensation
liability of ‎regulatory authorities
‎responsibility
regulation.‏
Subjects

  1. English

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Public Law Studies Quarterly
Volume 55, Issue 2 - Serial Number 42
Summer 2025
Summer 2025
Pages 959-983

  • Receive Date 28 January 2023
  • Revise Date 04 December 2023
  • Accept Date 15 April 2024

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