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Center for the Study of Corporate Law Roundtable, May 3

The Yale Law School Center for the Study of Corporate Law will hold its Spring 2002 Roundtable on Friday, May 3, in Room 120. The program begins at 9:00 a.m. and concludes with a reception at 4:15 p.m., and is open to the Law School community.

The day will include two paper presentations in the morning and a panel discussion in the afternoon.

The first presentation by Florencio López-de-Silanes, professor of finance and economics and director of the International Institute of Corporate Governance at the Yale School of Management, is titled "Investor Protection and Corporate Governance around the World." He will discuss how the laws in various countries protecting shareholders and creditors influence differences in such factors as capital markets, corporate ownership structures, dividend policies, and the efficiency of investment allocation.

Arturo Bris, the Robert B. and Candice J. Haas Assistant Professor of Corporate Finance at the Yale School of Management, will be the commentator for this talk, and Harold Koh, the Gerard C. and Bernice Latrobe Smith Professor of International Law at Yale Law School, will moderate.

Henry Hansmann, the Sam Harris Professor of Law at Yale Law School will next present a paper on "Legal Entities, Asset Partitioning, and the Evolution of Organizations." This paper argues that the development of legal rules that shield firms from the personal debts of their owners played a pivotal role in the historical development of commercial and non-commercial organizations.

Barry E. Adler, professor of law at New York University School of Law, will comment on this paper, and Henry Smith, visiting professor of law at Yale Law School, will moderate.

The panel discussion in the afternoon will consider the issue of "The Relation of Corporate Governance to Economic Development," and will include Amy Chua, professor of law at Yale Law School; John Coffee, professor of law at Columbia University School of Law; Peter D. Ehrenhaft, Esq., Miller & Chevalier Chartered, Washington, D.C.; Steven Kargman, Esq., Export-Import Bank of the United States; and Pablo Spiller, Federal Trade Commission, Bureau of Economics. Alan Schwartz, Sterling Professor of Law at Yale Law School, will chair the discussion.

A full program of events and links to the papers to be presented are available at the Yale Law School Center for the Study of Corporate Law website, through the "Upcoming Events" page.