The book forms part of a broader initiative to encourage prospective thinking in the legal sphere. The basic premise of this initiative is quite straight forward: while prospective thinking in the realm of law is not quite common, we consider such thinking to be not only desirable but in fact necessary. Such an approach is required in order to ensure that legal systems and institutions will not constantly lag behind the ever accelerating pace of change and that law, as means for change but also for protection, will not become obsolete. Contemporary law and legal institutions are apt to undergo significant changes as our world transforms. The book thus aims to explore a range of challenges that law and legal systems are facing today and some of the challenges that lie ahead and to examine to what extent the present institutional design and the global legal universe – if such a thing exists – are apt to successfully cope with such challenges and problems.