Thursday 12 November 2009 17.00

Venue: Said Business School Edmund Safra Lecture Theatre

Organised by Oxford Law Faculty in conjunction with Said Business School

Speaker: Erik Vermeulen (Tilburg University)

Abstract We study private enforcement of corporate law in a civil law jurisdiction that has a relatively weak company law regime. First, we develop a benchmark for how effective the court is in resolving conflicts in a speedy and decisive manner. We base our findings on a hand-collected database of filings of legal actions brought against companies between 2002-2008. The main conclusion is that the grant of injunctive relief provides an incentive for the parties to the lawsuit to seek out settlements and thereby prevent further costly and unwanted litigation. Our results emphasize the importance of the private enforcement of intra-firm disputes and the effectiveness of a specialized court in providing protection to minority shareholders To view the paper go to: http://www.oxford-man.ox.ac.uk/events/Law_Finance.html

Programme:

The Series is for Business School and Law Faculty staff and graduate students interested in the the intersection between law and finance, and also in most cases in law and economics as well. The format is 40 min from the speaker (with a paper/chapter available in advance) followed by discussion.

For more information on this event, please contact: Jennet Batten