Oxford Business Law Blog

My article takes stock of legal pluralist thinking in European private law. It starts from Ralf Michaels’ finding that European private law reflects a preference for ‘ordered pluralism’. That term,...

For many years, the continuous disclosure of material information by issuers has been an especially contested topic in financial regulation. The ongoing €9 billion shareholder litigation in the VW/...

‘Too big to fail’—or ‘TBTF’—is a popular metaphor for a core dysfunction of today’s financial system: the recurrent pattern of government bailouts of large, systemically important financial...

The EU Revised Shareholder Rights Directive (SRD II) is currently required to be implemented by 10 June 2019. It seeks to encourage long-term shareholder involvement through increased transparency...

Cryptocurrencies and their potential impact on central banking have sparked a policy debate on addressing their potential risks to the banking and monetary systems. By highlighting the functional...

In recent years behavioral antitrust has become a focus of interest and heated debate, evincing an outpour of commentary from scholars, policy makers, and the antitrust agencies. Behavioral antitrust...

On 23 January 2019, Advocate General Szpunar delivered his opinion in Plessers, a case before the European Court of Justice that concerns the protection of employees in a Belgian insolvency...

Many debtholders, whether private households, companies, or states, are caught up in high-interest long-term loans. At the same time, economic developments over the past few years have created a low-...

A stewardship code is a set of principles on how institutional investors should act as shareholders of companies in which they invest. Since the first such code was adopted by the Financial Reporting...

Currently accounting for over 70% of employment and some 40% of the value of exported goods at the EU level, services markets have received astonishingly little attention in the literature. The same...

Firms with strong corporate governance are often likened to democracies. Through their proposals and votes, shareholders can determine the broad direction of a company. However, shareholder...

In early 2009, with the financial crisis still raging, progressive policymakers successfully passed legislation upending the credit card industry. This legislation precluded card issuers from...

Both practitioners and academics generally have a dim view of dual-class share structures. For example, when Snap Inc. was preparing for its initial public offering (IPO) in 2017, CalPERS and other...

Multiple, overlapping, and systemically interactive normative orders regulate commerce, trade, and finance. A diverse set of state and non-state actors produce this plurality of rules governing...

Under the new Insolvency and Bankruptcy Code, the Insolvency and Bankruptcy Board of India has a statutory responsibility to collect, maintain, and disseminate data about the new insolvency and...

Remember your last online purchase? Chances are, the price you paid was not set by humans but rather by a software algorithm. Already in 2015, more than a third of the vendors on Amazon.com had...

A keynote policy of UK financial regulation since the financial crisis has been the ‘ring-fencing’ of retail banks into separate and independently operated entities, so-called ‘ring-fenced bodies’ (...

The Digital Assets project, run through the Commercial Law Centre at Harris Manchester College, has produced an annotated English translation of the judgment of the Tokyo District Court in August...

More than a quarter century after civil rights activists pioneered America’s first ridesharing network during the Montgomery Bus Boycott, the connections between transportation, innovation, and...

In our paper ‘Director Bankruptcy Experience and Corporate Risk Taking’, we evaluate the extent to which a director’s corporate bankruptcy experience affects the policies their firms follow. We begin...

India experienced a major structural change with the enactment of the Insolvency and Bankruptcy Code, 2016 (‘IBC’). On some measures, thelaw has been quite successful. For instance, the overall...