Oxford Business Law Blog

Consumers’ financial choices are often quite complex. For instance, choosing a new credit card entails assessing various features of each card, such as introductory and ongoing interest rates, annual...

In March 2018, the UK and the EU reached an agreement on the terms of an implementation period following the UK’s withdrawal from the EU (Brexit). But in the case of a ‘no-deal Brexit’, ie, if there...

Much of the literature on the Global Financial Crisis understandably focuses on contributors to that crisis, such as rampant deception within the American mortgage markets, or the creation of complex...

This conference explores the use of technology in financial markets from the perspectives of finance, law and regulation. The event covers payment systems, cryptocurrencies and property law, digital...

On December 9, 2002, UAL Corporation, which operated as United Airlines, filed for bankruptcy protection, leading to huge losses by UAL’s creditors. Those creditors included UAL’s pensioners when UAL...

In the shadow of the Brexit negotiations, the EU is changing. A European Monetary Fund to battle the next crisis, new rules on national fiscal policy, proposals to boost structural reforms in the...

The legal protection provided to creditors to enforce their contracts with debtors is central to the functioning of credit markets. These include the rights afforded to lenders in bankruptcy,...

A comprehensive reform of insolvency law has been enacted in Italy. This includes inter alia provisions on early warning mechanisms, pre-insolvency and insolvency out-of-court procedures and plan...

The last week of March 2019 will be of unparalleled suspense for the European (cross-border) insolvency community. Only one day before the originally planned Brexit date, the European Parliament will...

In (simple) law and economics models, legal rules are analyzed as elements of the opportunity structure. The parties – or if the relevant decision is taken by the lawyer who seeks a client, the...

The most dramatic development in twenty-first century bankruptcy practice has been the increasing use of contracts to shape the bankruptcy process. In our article, we assess—and try to make sense of—...

For over fifty years, class actions in the US have been initiated and litigated by self-driven entrepreneurial lawyers. Lawyers have taken the risks and costs of pursuing class action litigation in...

Power prefers permanence. Unregulated markets tend toward concentration as the successful try and entrench themselves by pulling up behind them the ladder of competition that they themselves climbed...

By many accounts, we have entered an era of unprecedented contentiousness in debtor-creditor relations. For an example of the new status quo, consider the recent actions of PetSmart, a perfectly...

Autonomous Systems and the Law (C.H. Beck/Nomos 2019) by Nikita Aggarwal, Horst Eidenmüller, Luca Enriques, Jennifer Payne, and Kristin van Zwieten (eds) is a collection of papers dealing with the...

For the past several years, the US Congress has been considering various versions of a legislative reform that would amend the Bankruptcy Code to facilitate the prompt reorganization of systemically...

In our paper, we empirically study the effect of Chrysler's Chapter 11 bankruptcy filing on the unit sales of its competitors in the U.S. automotive industry. On the one hand, the demand for the...

In 2018, the ruling of the Court of Justice of the European Union (CJEU or Court) in Achmea (C-284/16) shook the world of investment arbitration to the core. By contrast to Advocate General (AG)...

Efforts to reform the international financial architecture towards a regime in which sovereign debt restructurings can be managed in a more ‘orderly’ fashion date back to at least the early 1920s. In...

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/...