bclbe

The Berkeley Center for Law, Business and the Economy (BCLBE) is the hub of Berkeley Law's research and teaching on the impact of law on business and the U.S. and global economies.

EVENTS

Law and Economics Workshop
Monday, November 23, 2009
110 Boalt Hall - 12:30 to1:50 pm
Did a Switch in Time Save Nine?
Professor Kevin Quinn, Berkeley Law


Business & Ethics: Lessons from the Global Economic Crisis
Tuesday, December 1st - 12:30 to 1:50 pm
Boalt Hall, Room 105

This event is being co-sponsored by the UC Berkeley Center on Institutions and Governance (IGOV).
A clear lesson from the global economic meltdown is that corporate governance and ethics matter. Less clear are the steps to improving how financial firms operate. Join a panel of UC Berkeley professors to explore and respond to questions such as: How should executives incorporate potential global and long term impacts into their business decisions? Can corporate governance structures and rules be improved to provide meaningful oversight and socially favorable incentives to financial firm leaders? Are the recent announcements of bonuses to financial executives a sign of economic recovery or continued ethical lapses?

BCLBE has responded to the worldwide economic collapse with a project on Capital Maket Innovation and Stability that combines academic resources from across the UC Berkeley Campus. To view project outputs, including panel videos, research and publications as well as proposed legislation, follow this link.

 


 

NEWS AND PUBLICATIONS

Anita Krug comments on the Obama administration's proposal for the regulation of hedge fund investment advisers in, "The Private Fund Adviser Registration Act."

Professor Nancy Wallace of Haas School of Business, an authority on real estate investment analysis, strategy, finance, and asset-backed securitizations, has joined BCLBE as Faculty Co-Director. Professor Wallace has assisted BCLBE researchers on several  projects, such as our study of the impact of securitization on the ability to restructure subprime mortgages to reduce foreclosures. She has spoken about the financial crisis at several BCLBE sponsored events for the UC Berkeley community and the law school alumni. She also was instrumental in developing a popular course on Real Estate Development and Finance that gives law and business students an opportunity to work together. Professor Wallace is Chair of the Real Estate Group at Haas and is Co-Chair of the Fisher Center for Real Estate & Urban Economics.

Eric Talley comments in, "Insider trading: Lawyers say there can be gray areas."

Congratulations to BCLBE Faculty Director Eric Talley for his appointment as the inaugural holder of the Rosalinde and Arthur Gilbert Chair in Law, Business & the Economy.

BCLBE Research Fellow Braden Penhoet moderates a panel on Clean Tech law practice at Boalt Hall, at the ABA Section's Fall Leadership Summit.

Eric Talley presented his paper "On Uncertainty, Ambiguity, and Contractual Conditions" at the Oct. 6 faculty workshop.

In “The Practical Consequences of a National Human Embryonic Stem Cell Registry,” Ken Taymor discusses new guidelines for federally funded stem cell research and suggests ways to address regulatory uncertainty and procedural delay they may cause.

Eric Talley to present at the Parsons Seminar Series at the University of Sydney.

Anita K. Krug comments on the two approaches to hedge fund regulation, in "Advisers May Find Themselves Targets in Hedge Fund Regulation."

Research Fellow Anita K. Krug discusses the Obama Administration's proposals on financial regulatory reform relating to hedge funds and other private funds and proposes considerations that should inform Congress's formulation of policy in "Financial Regulatory Reform and Private Funds."

The Congressional Oversight Panel has just released its June report "Stress Testing and Shoring Up Bank Capital."  To help assess the Treasury's bank stress tests, the panel engaged BCLBE's Professor Eric Talley and Haas Professor Johan Walden. 

Eric Talley presented at the Law and New Institutional Economics Workshop for Law Professors at the University of Colorado Law School.

Eric Talley publishes, "Public Ownership, Firm Governance, and Litigation Risk," in the University of Chicago Law Review.

Ken Taymor comments on the challenging intellectual property issues in commercializing new stem cell technology, in "Stem cells: Fast and furious," an article in Nature.

John P. Hunt comments on the, "Securities and Exchange Commission Re-Proposed Rules for Nationally Recognized Statistical Rating Organizations.

Has securitization caused subprime mortgages to go into default because mortgage servicers cannot modify these loans? Read John P. Hunt's analysis in his paper, "What Do Subprime Securitization Contracts Actually Say About Loan Modification?"

BCLBE Research Fellow Anita K. Krug discusses possible regulatory responses to the Madoff fraud and considers what additional information might be useful to Congress and regulators in formulating that response.

Anita K. Krug evaluates the impact on private investment funds, and the markets generally, of the proposed Hedge Fund Transparency Act of 2009.