We study the Born-Infeld equation from a Lagrangian point of view emph
asizing the duality symmetry present in such systems. We obtain the Ha
miltonian formulation directly from the Lagrangian. We also show that
this system admits a dispersionless nonstandard Lax representation whi
ch directly leads to all the conserved charges (including the ones not
previously obtained). We also present the generating function for the
se charges and point out various other properties of this system. (C)
1998 Elsevier Science B.V. All rights reserved.