Upcoming event: Investor Sustainability Engagement Conference
23 June 2022, 12.00-19.00 CET
24 June 2022, 08.45-17.00 CET
On Thursday and Friday, June 23rd and 24th, ACLE is hosting a Conference on Investor Sustainability Engagement.
Location: University of Amsterdam and online -- Hybrid
Registration: Registration for online as well as on-site attendance will be enabled via a link here from May 24th onwards.
Anne Lafarre (Tilburg University & ACLE)
Suren Gomtsian (University of Leeds & ACLE)
Alessio M. Pacces (University of Amsterdam, ACLE & ECGI)
University of Amsterdam - Amsterdam Center for Law & Economics and Amsterdam Centre for Transformative Private Law
University of Leeds - Centre for Business Law and Practice and Michael Beverley Innovation Fellowship Programme
Tilburg University - The Dutch Research Council (NWO)
About the Event
Recent years have witnessed a growing pressure on corporations to act more responsibly towards stakeholders other than shareholders. Demands for more responsible behaviour are coming from different sides, including from institutional investors who have become large shareholders in many corporations around the world. Powerful institutional shareholders are at the centre of private actor-led efforts to make businesses more sustainable.
Institutional shareholders, however, face many challenges in engaging with portfolio firms. Effective engagement requires a good understanding of target companies, their businesses and the relevant trade-offs, more clarity about the meaning of corporate sustainability, and the availability of credible information about business practices. Questions also remain about the incentives of institutional shareholders to drive changes in corporate behaviours and about the overall impact of investor sustainability engagement.
The Conference on Investor Sustainability Engagement aims to answer these questions by bringing together world-class scholars from law, corporate finance and economics, and leading practitioners from different sectors. This hybrid conference will take place at the University of Amsterdam, in person, and virtually over Zoom on June 23-24, 2022. There will be sessions with presentations of academic papers and a roundtable discussion on investor sustainability engagement by experts from the investor community, consultants, and charities.
Past event: Workshop on "Central banks beyond price stability"
13 January 2022, 13.00-17.00 CET
On Thursday, January 13th, the Amsterdam Centre for European Studies (ACES) online workshop on Central banks beyond price stability was held, with Will Bateman (ANU College of Law), Eric Monnet (EHESS & Paris School of Economics), Jens van 't Klooster (KU Leuven), Agnieszka Smoleńska (ILS PAS & European Banking Institute) and ACES affiliate and ACLE associate Nik de Boer, hosted by our ACLE together with The Sustainable Global Economic Law (SGEL) research project.
About the event
In the 1980s economic thinking converged on the idea that central banks should safeguard price stability as an overriding objective. Yet, since the 2008 global financial crisis this orthodoxy is increasingly criticized and more difficult to square with new, unconventional monetary policies. Many voices now contend that central banks should better take account of goals beyond price stability. Central banks are increasingly called upon to do their share in addressing harmful climate change; to better take account of the negative effects of quantitative easing on inequality; and to be more open about how their massive interventions in government bond markets supports governments’ economic policy.
Yet, how should central banks take account of goals beyond price stability? And does a broader role for central banks require rethinking their independence from democratic politics?
About the speakers
Nik de Boer is Assistant Professor in constitutional law at the University of Amsterdam and Coordinator of the ACES Theme Group Governing Europe. His research focuses on constitutional courts in the EU and the legal architecture of money. He is currently working on a forthcoming book with Oxford University Press called Judging European Democracy: The Role and Legitimacy of National Constitutional Courts in the EU.
Will Bateman is Associate Professor and Associate Dean (Research) at the ANU College of Law. He leads multi-jurisdictional projects on the legal regulation of public and private finance, with a special focus on central banking, sovereign debt markets, national budget formulation and sustainable investing. Bateman also leads research projects on the regulation of artificial intelligence, and is currently spearheading a major project on the formulation of model legal frameworks to govern artificial intelligence in the public sector. He also collaborates with computer science experts in designing ethical and lawful algorithmic decision systems. Recent publications include Public Finance and Parliamentary Constitutionalism (Cambridge University Press, UK, 2020) and 'The Law of Central Bank Reserve Creation', (2021) Modern Law Review (advance release, with J Allen).
Eric Monnet is Directeur d'études (Full Professor) at EHESS & Paris School of Economics. His works seeks to better understand how the evolution of finance, state intervention in credit markets, central banking and the international monetary system has shaped European economies since the 19th century. Recent publications include La Banque Providence Démocratiser les banques centrales et la monnaie and Controlling Credit: Central Banking and the Planned Economy in Postwar France, 1948–1973.
Jens van ‘t Klooster is an FWO Postdoctoral Fellow at the Hoger Instituut voor Wijsbegeerte of the KU Leuven and a member of the research group A New Normative Framework for Financial Debt at the University of Amsterdam. His research combines normative political philosophy and political economy. Recent publications include ‘The ECB, the Courts, and the Issue of Democratic Legitimacy after Weiss’ (with Nik de Boer) and ‘The Myth of Market Neutrality: A Comparative Study of the European Central Bank’s and the Swiss National Bank’s Corporate Security Purchases’ (with Clément Fontan).
Agnieszka Smoleńska is assistant professor at the Institute of Law Studies of the Polish Academy of Sciences (ILS PAS) and the principal investigator of The EU’s sustainability capitalism: identifying the varieties of financial markets transition – a law of political economy approach, a three-year NCN-funfed project. She's an associate researcher with the European Banking Institute (EBI). She holds a PhD in Law from the European University Institute. In addition to academic and research work, she worked as a journalist and in the EU institutions. Her research interests include sustainable finance, EMU and interdisciplinarity in legal methodology.
Past event: "Should Wealth and Income Inequality Be a Competition Law Concern?"
Conference held on 20-21 May 2021
Together with the Amsterdam Centre for European Law and Governance (ACELG), we convened a conference discussing whether differences in how much people own and earn should be a concern for competition law.
"Economic inequality is on the rise around the world. The gap between rich and poor has been widening steadily, with the covid-19 pandemic further reinforcing the trend. Differences in how much people own and earn have become so pronounced that they are causing serious economic, political and moral concern. As a result, academics, policy makers and politicians have been asking what generates these differences and how they could be curbed.
A major source of wealth and income inequality appears to be the immense economic power enjoyed by large multinational corporations. Against this backdrop, prominent scholars have argued that a more equal society could be ensured through enforcement of competition rules, not least in labour markets. Yet, the precise extent to which competition law can and should be concerned with distributive issues remains unclear."
Speakers in this conference included:
- Eleanor Fox (NYU, United States)
- Ioannis Lianos (Hellenic Competition Commission, Greece)
- Martijn Snoep (Authority for Consumers and Markets, Netherlands)
Past event: "Virtual Visions of Europe" series held by ACES
Series held in April and May 2020
In April and May 2020, the Amsterdam Centre for European Studies (ACES) organised an online "Virtual Visions of Europe series".
On 29 April 2020, Prof. Alessio M. Pacces, Director of the ACLE, was a speaker in the first session of this Virtual Visions of Europe series, entitled "Public health: Diversity and (non-)coordination".
On 6 May 2020, Prof. Arnoud Boot, ACLE co-founder and Research Member, was a speaker in the second session of the Virtual Visions of Europe series, entitled: "Socio-economic policy and crisis response".
Past event: Conference on "Deviating from Absolute Priority" held on 24 February 2020
Conference held on 24 February 2020
The main purpose of this conference was to better understand the major revision of the insolvency procedures by the EU Preventive Restructuring Directive: The shift towards reorganisation procedures away from liquidation procedures and the issue of how to deal with priority issues. By June 2021 (with a possible delay), EU member states must have implemented the Directive, which requires the national legislators to make a choice between the Absolute Priority Rule (APR) or adopting a new European Relative Priority Rule (EU RPR).
The conference brought together nearly 60 eminent law and economics scholars, practitioners and policy makers from around the world to discuss possible implications of deviating from the benchmark APR from legal and financial stability perspectives. The event started by a lead introduction by Prof. D.G. Baird. This was followed by short presentations upon which debates were held. Speakers included amongst others Prof. Douglas G. Baird (Chicago Law School) and Jonathan M. Seymour, JD (Duke University School of Law).
Below you will find the Conference Report which was made after the conference and is an approximation of what was said during the APR conference:
Below you will find presentations of the APR conference speakers: