Well-posedness of the Ericksen-Leslie system

In this paper, we prove the local well-posedness of the Ericksen-Leslie system, and the global well-posednss for small initial data under the physical constrain condition on the Leslie coefficients, which ensures that the energy of the system is dissipated. Instead of the Ginzburg-Landau approximation, we construct an approximate system with the dissipated energy based on a new formulation of the system.