Blog

Collective redress on behalf of consumers has been debated for long in Europe and Germany. The ‘Dieselgate’ scandal has brought another occasion to advance the discussion. Both Germany and Europe are...

Large investors often have market power in private equity markets, such as in venture capital, growth capital, or private placements. The conventional wisdom is that powerful investors can flex their...

Since 2015, a storm has raged in Germany in the worlds of cars and politics. The regulation of exhaust emission cleaning systems for diesel motors has not led to the attainment of targets for reduced...

One of the mysteries in life is how different jurisdictions can be faced with the same legal problem and manage to come up with the same wrong answer. Case in point. Both English and American...

Although various authorities in the US have repeatedly claimed that they do not wish to over-regulate cryptoassets or to stifle innovation in the space, overlapping regulations produced by a...

In many markets, large institutional investors like BlackRock and Vanguard own significant stakes in most, if not all, horizontal competitors. Legal scholars have suggested that this pattern of...

On October 18, federal regulators released the largest U.S. insurance group, Prudential Financial, Inc., from enhanced government oversight. Prudential had been the last remaining systemically...

In our paper ‘Data, Innovation and Transatlantic Competition in Finance: The Case of the Access to Account Rule’, we focus on the EU regulatory effort, enshrined in Directive 2366/2015 on payment...

2018 is the first year in history when more than half of the world’s population is online. Since its dawn, the Internet has changed many aspects of daily life. The first wave of the Internet saw a...

Recent studies have purported to show that the wave of board destaggering that has occurred over the past fifteen years has resulted in value destruction amounting to roughly $350 billion or 6.5% of...

A common objective for many bankruptcy systems in developed countries is to provide a ‘fresh-start’ for the debtor. Often, this goal is seen as particularly important for entrepreneurs and those...

The breach of Union law procedure of the European Supervisory Authorities (ESAs) has been in the spotlight recently. In July, the European Banking Authority (EBA) issued a recommendation under the...

After the Court of Justice of the European Union (CJEU) rendered its long-awaited decision in Slovak Republic v Achmea BV (C-284/16) in March 2018, there has been significant debate regarding its...

Will crowdfunding ‘democratize’ investing and make startup capital available to a wider range of founders? Our preliminary study suggests that equity crowdfunding is not providing its expected...

The obligation on issuers to disclose inside information 'as soon as possible' is one of the cornerstones of EU securities market regulation. In my paper I explore the EU’s approach to regulating...

The most important function of judges is to decide cases brought to them by litigants. By contrast, they are not commonly seen as participants in a market for litigation, competing to ‘sell’ their...

In the decade after the global financial crisis 2007–09, financial regulation reforms have been extensive, led at the international level by the Basel Committee of the Bank for International...

While directors’ independence has become a common feature of governance all around the world, the definition of “independence” and the role of independent directors are not universally defined: they...

Introduction and Background The English Court of Appeal has recently decided a case about sovereign debt. Russia holds the debt - bonds with a face value of US$ 3bn, issued in December 2013. In 2014...

A recent criminal cartel case where sellers of posters used an algorithm to coordinate their prices on the Amazon platform created buzz in the competition community. While interesting with regard to...