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Earlier this week, the United Kingdom’s Serious Fraud Office (“SFO”) charged Barclays, its former CEO, and three other former top executives with criminal fraud. The prosecution stems from a long-...

In nearly all countries, the regulation of Mobile Financial Services (‘MFS’) falls to the local Central Bank. If you take any issue to a central bank, you are likely to receive a regulation developed...

It has long been argued that strengthening creditor rights facilitates firms’ access to credit financing, leading to larger credit markets and fostering economic growth (La Porta et al. 1997, 1998)...

Financial regulatory institutions are at the centre of intensive debates surrounding the regulatory tools to supervise financial firms and markets. There is also an important and growing body of...

The era of the US public corporation is in decline. Tectonic shifts in seemingly disparate regions of the corporate landscape are underway. Through the lens of a new theory of the firm, these...

Twenty-five years ago, UK industry was reeling from a string of corporate collapses whose names still resonate: Polly Peck, Coloroll, BCCI, and, of course, Maxwell. Those failures put the UK on a...

In two of the most prominent regional groupings in the world today, the age of heavy dependency on bank financing is now on the decline. Prompted by two different financial crises, namely the 1997...

I am probably going to be the least interesting Panelist in any of today’s sessions because, in the longer term, it seems very unlikely that Brexit (or, for that matter, Nexit or Frexit, or Quitaly)...

Roughly a year ago, UK voted to leave the EU. Notwithstanding the publication of a White Paper by the UK Government, as well as of various sector-specific reports by the House of Lords’ EU Committee...

I. Background The Judgement of the EGC in the Case T-122/15 – Landeskreditbank Baden-Württemberg ‒ Förderbank v European Central Bank (ECB) is the first statement of the European judiciary on the...

(Spoiler: if the scholarship is any guide, the answer is, pretty much, no). In 2009, Lord Adair Turner charged that: ‘An underlying assumption of financial regulation in the US, the UK and across the...

Introduction On 18 May 2017, the Singapore Court of Appeal ('Court of Appeal') in Jacob Agam and another v BNP Paribas SA [2017] SGCA(I) 01 delivered its first judgment on an appeal from the...

Introduction On 1 June 2017 the European Commission and Italy reached an agreement ‘in principle’ on the recapitalization of Banca Monte dei Paschi di Siena (MPS). A mere week later, the Single...

Previous research on shareholder voting has placed most of the emphasis on the role of institutional shareholders. In our recent study, Managerial Reliance on the Retail Shareholder Vote: Evidence...

A Call for Papers is inviting contributions to the Cambridge Handbook of Corporate Law, Corporate Governance and Sustainability. Those tentatively selected to contribute will be invited to a...

Way before the 2008 financial crisis, high-profile cases against directors such as the Equitable Life Assurance Society v Bowley [2003] BCC 829, caused the realisation that directors are under...