All Publications
Written Work
Journal Articles
- With Howell Jackson
The Regulation of Technological Innovation in Financial Services: A Comparative Approach with Respect to Digital Assets and Artificial Intelligence
Law and Contemporary Problems 2026, 88(2), 77, (PDF) - With Kevin Bauer
Corporate Communication, Agentic AI, and Prompt Injections
In: Oxford Intersections: AI in Society, (PDF) - Explainable AI as a Component of Building Trust, The Case of Regulating Creditscoring
ZEVEDI DigiGov 2025, 189, (PDF) - With Ann-Katrin Kaufhold
Zum institutionellen Design der Marktüberwachungsbehörden nach der KI-VO
(On the institutional design of market surveillance authorities under the regulation of artificial intelligence (AI Regulation))
BKR 2025, 598 - Die Uhr tickt
(The clock is ticking)
EuZW 2025, 593 - Zum Einsatz künstlicher Intelligenz in der Bank, Ein Blick auf die Europäische KI-Verordnung,
(The use of artificial intelligence in banking, a look at the European AI Regulation)
SZW/RSDA 01/2025, 83 - AI Judgment Rule(s)
The University of Chicago Law Review, (PDF) - KI und Aktienrecht
(AI and corporate law)
EuZW 2024, 854 - With Thomas Kremer
Einfluss von Digitalisierung und KI auf das Aktienrecht, Reformbedarf im Aktienrecht, Vorschläge für eine große Aktienrechtsreform
(Influence of Digitalisation and AI on Corporate Law, the Need for Reform in Corporate Law and Suggestions)
VGR Beiheft 2024, 70 - Rückgang börsennotierter Unternehmen: Gründe und rechtliche Gegenmaßnahmen
(Decline of listed corporations: reasons and legal countermeasures)
ZGR 2024, 287 - Die Schufa vor dem EuGH
(Schufa at the ECJ)
BKR 2024, 66 - Künstliche Intelligenz in der Leitungsentscheidung des Vorstands
(Artificial Intelligence and board-decision-making)
ZHR 187 (2023), 723 - Gruppendenken und Corporate Governance - illustriert am Beispiel des Wirecard Skandals
(Groupthink and corporate governance - illustrated against the background of the Wirecard scandal)
JZ 2023, 693 and Schriftenreihe der Juristischen Studiengesellschaft Karlsruhe, 2022/2023, 135 - Diskriminierung bei der Vergabe von Verbraucherkrediten? Eine Anmerkung zu den Plänen des Europäischen Gesetzgebers
(Discriminatory lending? On EU legislative proposals)
BKR 2023, 205 - Änderungsbedarf: § 307 Abs. 3 BGB
(On the use of general terms and conditions in banking)
NZG 2023, 537 - With Maximilian Beilner, Marie-Therése Radetzky, Dominik Scheld, Jan Sehorz, Oscar Stolper, Philipp Tilk
Der Einsatz von “Digital Engagement Practices“ in der Vermögensanlage, Empirische Evidenz und rechtliche Einordnung
(Digital Engagement Practices and investment advice, empirical evidence and legal framing)
ZBB 2023, 95 - With Martin Winner
Wirecard und Commerzialbank Mattersburg – Compliance, Kontrollversagen und die Folgen für den Gesetzgeber
(Wirecard and Commerzialbank Mattersburg – Compliance, Lack of Control and the Legislator)
ZFR 2022/58, 108 - Synthesis of “Economic Transplants: On Lawmaking for Corporations and Capital Markets”
Accounting, Economics, and Law: A Convivium 2022, S. 253 - Zur Regulierung des Kreditscoring
(On Regulating Credit Scoring)
EuZW 2021, 961 - With Patrick Corcoran
Responsible AI Credit Scoring – A Lesson from Upstart.com
Digital Finance in Europe: Law, Regulation, and Governance
European Company and Financial Law Review 2022, Special Volume 5, 141 - KI und Finanz
(AI and finance)
RDI 2021 (Editorial) - With Loriana Pelizzon
Short Selling – On Ethics, Politics, and Culture
ZBB 2021, 301 - Kommunikation als Governance-Instrument in der börsennotierten Aktiengesellschaft
(Shareholder and investor communication as a corporate governance instrument)
ZHR 2021, 414 - With Joachim Hennrichs, Bernhard Pellens, Anne d’Arcy, Uwe Fülbier, Peter Hommelhoff, Christopher Koch, Jens Koch, Hanno Merkt, Stefan Müller, Moritz Pöschke, Thorsten Sellhorn
Thesen zur Stärkung der Corporate Governance aus Anlass des Wirecard-Falles
(On strengthening corporate governance – remarks on wirecard)
DB 2021, 550 - With Piotr Rataj and Lukas Vossen
Rechtliche Grundlagen der Investor Relations und Finanzkommunikation
(Legal principles of investor relations and financial communication)
Hoffmann/Schiereck/Zerfaß, Handbuch Investor Relations und Finanzkommunikation 2022, 85 - Building a Capital Market – the Final Report of the High Level Forum on the EU Capital Market Union
European Company and Financial Law Review 2020, 601 - Regulatory Arbitrage – What’s Law Got to Do With It?
Accounting, Economics and Law: A Convivium vol. 11 no. 2 2021, 91, (PDF) - Wirecard – ein Skandal zur richtigen Zeit
(Wirecard – a timely scandal)
EuZW 2020, 681 - Responsible A.I. credit scoring – a legal framework
European Business Law Review 2020, 527 - Interdisziplinäre Forschung im Unternehmensrecht – auf dem Weg zu einer cognitive corporate governance?
(Interdisciplinary scholarship in corporate law – on our way towards cognitive corporate governance?)
ZGR 2019, 717 - With Jennifer d’Hoir
Regulation of digital assets – How France and Germany are paving the way for an EU reform
Revue Trimestrielle Droit Financier 2019, 40 - With Daniel Hau and Jasper Wentz
„Aktivistische Leerverkäufer” – eine Überlegung zur Markteffizienz und deren Grenzen im Kapitalmarktrecht
(“Activist short sellers“ – On market efficiency and its limits in capital markets law)
ZBB 2019, 307 - Initial coin offerings – where do we stand and should we move?
Revue Trimestrielle Droit Financier 2018, 40 - Gender and corporate law?
La Revue des Juristes de SciencesPo no. 15 2018, 37 - Digitales Finanzwesen – vom Bargeld zu virtuellen Währungen?
(Digital finance – from cash to virtual currencies?)
AcP 2018, 385 - Kündigungsrecht der Bausparkassen zehn Jahre nach Zuteilungsreife
(Banks’ right to terminate building savings contracts)
NJW 2017, 1353 - Shareholder activism, institutions of corporate governance and re-reading Roe
Revue Trimestrielle Droit Financier 2016, 70 - In Brüssel nichts Neues? – Der „verständige Anleger“ in der Marktmissbrauchsverordnung
(The resonable investor under the market abuse directive)
AG 2016, 417 - 50 Jahre Aktiengesetz – Aktienrecht und Kapitalmarktrecht
(Capital markets Law and Corporate law after 50 years of the German Code on stock corporations)
ZGR 2016, special edition 19, 273 - Anlegerschutz durch Haftung nach deutschem und europäischem Kapitalmarktrecht
(Investor protection under German and European capital markets law)
Karlsruher Forum 2014, Schriftenreihe der Zeitschrift Versicherungsrecht (VersR), Band 55, 5 - Diversity on corporate boards – why, how?
Revue Trimestrielle de Droit Financier 2015, 63 - Über die allmähliche Verfertigung des Gesetzes beim Regulieren
ÖBA 2014, 656 - Insider Trading, An exercise in (economic and legal) transplants
Revue Trimestrielle de Droit Financier No 4 2013/ No 1 2014, 35 - Zum Begriff der Insiderinformation nach dem Entwurf für eine Marktmissbrauchsverordnung
(How to interpret “Inside information” according to the proposal for the Regulation on Market Abuse)
NZG 2013, 1401 - Anlegerschutz – Ein Bericht zu theoretischen Prämissen und legislativen Instrumenten
(Investor Protection – A report on theoretical premises and legislative instruments)
ZHR 177 (2013), 679 - Vorstandshaftung und Legalitätspflicht in regulierten Branchen
(Efficient breach of the law and CEO’s duties)
ZBB 2013, 16 - Bausteine eines Bankgesellschaftsrechts, Zur Stellung des Aufsichtsrats in Finanzinstituten
(CRD IV and Corporate Governance of Banks – A New Discipline in the Making)
ZHR 176 (2012), 652 - Zentrale Akteure der Corporate Governance, Zusammensetzung des Aufsichtsrats
(The composition of corporate boards)
ZGR 2012, 314 - Der „vernünftige Anleger“ vor dem EuGH,Zu den Schlussanträgen des GA Mengozzi in der Sache „Schrempp”
(The reasonable investor and the ECJ)
BKR 2012, 145 - Frauenquote und Gesellschaftsrecht
(On gender diversity in corporate boards)
JZ 2011, 1038 - With Guido Friebel
Die Institutsvergütungsverordnung: Ist Verantwortung für Misserfolge im Finanzsektor möglich?
(On executive remuneration in banks: How to make executives accountable for failures)
GWR 2011, 103 - With Andreas Hackethal and Steffen Meyer
Verbraucherschutz durch Leistungstransparenz in der Anlageberatung
(Transparency in retail finance)
Sonderheft 61/10 ZfbF (Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung), 108 - With Sebastian Brenner and Marcel Gellings
Zur Nutzung von Insiderinformationen nach der Marktmissbrauchsrichtlinie
(On the “use“ of inside information under the market manipulation directive)
BKR 2010, 133 - The “use or possession“-debate revisited – Spector Photo Group and insider trading in Europe
Capital Markets Law Journal 2010, 452 - Bankaktienrecht unter Unsicherheit
(Corporate law of banks under conditions of uncertainty)
ZGR 2010, 75 - Kredithandel nach dem Risikobegrenzungsgesetz
(Non-performing loans under German law)
NJW 2008, 3169 - The DCFR: Agency Authority and Its Scope – A Glance at Corporation Law
European Review Contract Law 2008, 375 - Wettbewerbsverbote, Unabhängigkeit und die Stellung des Aufsichtsratsmitglieds
(Independence of board members)
ZGR 2007, 571 - Zum „Prospective overruling“ im englischen Kreditsicherungsrecht
(Prospective overruling under English Law)
ZEuP 2006, 854 - Vereinbarungen über den Zinssatz – zugleich eine Anmerkung zu Nr. 5 und Nr. 6 der neuen Bedingungen für den gewerblichen Musterdarlehensvertrag
(Judicial control of agreements on interest rates)
BKR 2005, 134 - Vorstandshandeln und Kontrolle: Zu einigen Neuerungen durch das UMAG
(Liability of board members in stock corporations)
Special edition GesRZ 2005, 3 and: DStR 2005, 3 - Kapitalerhaltung und Kapitalmarkthaftung
(Capital preservation and liability in capital markets law)
ZIP 2005, 239 - Zusatzkreditkarten – Haftungsrisiko ohne Ende? Zur dogmatischen Einordnung von "Partnerkarten"
(Credit cards for partners – liability for fraud)
NJW 2004, 3522 - Umsetzung von Basel II gegenüber dem Kunden, insbesondere beim internen Rating
(Basel II, internal Rating and banking law)
Schriftenreihe der Bankrechtlichen Vereinigung, Bankrechtstag 2004, 63 - Einführung in das Recht der Aktiengesellschaft
JURA 2004, 577 - Grundfälle zum Recht der Gesellschaft mit beschränkter Haftung
JuS 2004, 387, 478 and 581 - Recht und Zeit
(Law and time)
IVR Conference Kiel 2004, ARSP 91 (2005), 55 - Zur Rechtsfolge der verdeckten Sacheinlage bei der GmbH
(On undisclosed contributions in kind in the law of the German company limited by shares)
DStR 2003, 1838 - Zum Tatbestand der verdeckten Sacheinlage bei der GmbH
(On undisclosed contributions in kind in the law of the German company limited by shares)
NZG 2003, 211 - Rechtsprechung mit Wirkung für die Zukunft
(Prospective overruling in German courts)
JZ 2003, 1132 - Klausur: Vertragsrechtliche Probleme des Franchisings
(Exam: Contractual issues in franchising)
JuS 2003, 572 - Zur Legitimität parlamentsersetzender Normgebungsverfahren im Europarecht
(The legitimacy of extra-parliamentary establishment of legal norms)
ZEuP 2002, 265 - Das Dezisionismusargument in der deutschen und in der US-amerikanischen Rechtstheorie
(The argument from decisionism in German and Anglo-American legal theory)
ARSP 88 (2002), 398 - Der Wiedereinstellungsanspruch des Arbeitnehmers beim Betriebsübergang
(The right of the employee to his work place after transfer of the company)
ZfA 1999, 299 - Argument by Analogy in European Law
The Cambridge Law Journal 1998, 481 - Risikohaftung und Schutzpflichten im innerbetrieblichen Schadensausgleich
(Risk allocation and duties to protect employees in employers’ liability cases)
ZfA 1997, 523 - Zur Rolle des Richters in der anglo-amerikanischen Rechtstheorie
(The role of judges in anglo-american legal theory)
Rechtstheorie 1994, 392
translated by Prof. Dr. Byun, Jong-Pil, Inje University of Korea, published in: Legal Philosophy Research 2003, May issue
Books
- Aktien- und Kapitalmarktrecht, Juristische Kurzlehrbücher
(Corporate and capital markets law)
5th ed. Munich 2022 - Economic Transplants, On Lawmaking for Corporations and Capital Markets
Cambridge University Press 2017 - Die Risikozuordnung im bargeldlosen Zahlungsverkehr
(Risk allocation in non-cash payments)
Munich 2001 - Die Entwicklung und Auslegung von Richterrecht. Eine methodologische Untersuchung zur richterlichen Rechtsfortbildung im deutschen Zivilrecht
(Developing and interpreting judge-made law. An inquiry into German private law)
Munich 1996
Chapters in Books
- Plus ça change
Rechtsvergleichende Bemerkungen zum Insiderhandel mit Kryptowerten
(Plus ça change: Comparative Observations on Insider Trading in Crypto-Assets)
FS Reichert, 2026, pp. 637-653 - Die SEPA-Echtzeitüberweisung im globalen Wettbewerb der Zahlungsmittel
(SEPA real-time transfers in the global competition between payment methods)
GS Spindler, 2025, pp. 435 et seqq. - The surprising Impotence of Anti-Discrimination Law in the Age of AI
… and a comment on Art. 6 Directive 2023/2225 on Credit Agreements for Consumers
in: Burchard/Spiecker, Algorithmic Transformations of Power: Trust, Conflict, Uncertainty and Control, Nomos, 2025, pp. 61 et seqq. - Kapitalmarktrecht, Informationseffizienz und soziale Medien
(Capital market law, information efficiency and social media)
in: Hinz/Möslein, Digitale Unternehmenskommunikation, 2025, pp. 53 et seqq. - AI and Financial Services
in: Smuha, Cambridge Handbook on the Law, Ethics and Policy of Artificial Intelligence, Cambridge University Press, 2025, pp. 322 et seqq., (Peer-reviewed preprint) - Kreditscoring und Datenschutz
(Credit scoring and data protection)
in: Liber amicorum Georgios Gounalakis, Baden-Baden 2025, pp. 711 et seqq. - Insider Trading in Europe– from financial instruments to crypto assets
in: Bainbridge (ed.), Research Handbook on Insider Trading, Edward Elgar, 2nd ed., 2025, pp. 301 et seqq. - Ownership and Trust, A corporate law framework for board decision-making in the age of AI
in: Marchetti/Rossi/Strampelli/Urbani/Ventoruzzo, La s.p.a. nell’epoca della sostenibilità e della transizione tecnologica, Proceedings of Venice conference, 2024, pp. 115 et seqq. - Regulatory Arbitrage and Stablecoins
in: Liber Amicorum für Andreas Cahn, München 2024, pp. 249 et seqq. - KI in der Leitungsentscheidung des Vorstands der Aktiengesellschaft
(AI in management decisions on corporate boards)
in: Florstedt/Vervessos, Wirtschaftsrecht in Zeiten der Krise, 2024, pp. 175 et seqq. - With Martin Gelter
Aktionärsrechte und -aktivismus in Deutschland und den USA
(Shareholder rights and activism in Germany and the US)
in: Hopt/Hommelhoff/Leyens, Handbuch Unternehmensführung, 2024, pp. 955 et seqq. - Die Barkapitalerhöhung als Prinzipal-Agent-Konflikt
(On capital increases as a principal-agent problem)
in: Liber Amicorum Henssler, 2023, pp. 1031 et seqq. - Europarechtliche Methodenlehre (European Legal Theory)
in: Langenbucher (Ed.), Europäisches Privat- und Wirtschaftsrecht (European Private and Corporate Law)
(1st and 2nd ed. appeared under the title Europarechtliche Bezüge des Privatrechts), 5th ed. Baden-Baden 2022, pp. 25 et seqq. - AI Credit Scoring and Evaluation of Creditworthiness – A Test Case for the EU Proposal for an AI Act
ECB Proceedings/Legal Conference 2021, published in 2022, pp. 362 et seqq. - Zur Architektur der Kontrolle von Aktiengesellschaften von öffentlichem Interesse– eine Überlegung zu Wirecard
(On the control architecture of PIE – some thoughts on Wirecard)
in: Liber Amicorum Ebke, 2021, pp. 573 et seqq. - Besitzeffekte – ein methodisches Lehrstück zu transdisziplinären Klischees
(Endowment effects – a methodological illustration of transdisciplinary clichés)
in: Liber Amicorum Böcking, 2021, pp. 145 et seqq. - Die compliance Weisung des § 13 Abs. 2 VerSanG-E
(Compliance and corporate criminal law)
in: Liber Amicorum Grunewald, 2021, pp. 611 et seqq. - With Johannes Adolff
Kreditscoring: von Auskunfteien zu künstlicher Intelligenz
(Creditscoring: from credit bureaus to artificial intelligence)
in: Liber Amicorum Krieger, 2020, pp. 1 et seqq. - Financial Rewards for Whistleblowing and Motivation Crowding Theory – A Lesson from Psychology for Transposing EU Directive 2019/1937
in: Liber Amicorum Windbichler, 2020, pp. 1379 et seqq. - Une langue commune du droit et de l’économie ? Sur les transferts hétérogènes
(A common language of law and economics? On economic transplants)
in: Muir-Watt/Bizikova/Brandao de Oliveira/Arroyo, Le Tournant Global en Droit International Privé : Jurisprudence sans Frontières, 2020, pp. 423 et seqq. - With Johannes Adolff
Kapitalmarktunion und marktinduzierte Aktionärsrechte
(Capital Markets Union and trading-related shareholder rights)
in: Liber Amicorum Hopt, 2020, pp. 675 et seqq. - Der Aufsichtsrat in Kreditinstituten
(Corporate governance of supervisory boards in financial institutions)
in: Hopt/Binder/Böcking, Corporate Governance von Banken, 2020, pp. 367 et seqq. - Das insiderrechtliche Handelsverbot –Zur Geschichte eines Verbotstatbestands und zur Kodifikation von Rechtsprechung
(Insider Trading prohibition – on the history of a prohibition and the codification of jurisprudence)
in: Klöhn/Mock, Liber Amicorum WpHG, 2019, pp. 551 et seqq. - Vorüberlegungen zur Reformbedürftigkeit des deutschen Wertpapierbegriffs aus Anlass von „initial coin offerings“ (Defining “securities” under German law)
in: Liber Amicorum Seibert, 2019, pp. 525 et seqq. - The Capital Markets Union and the Virtual Funding: Initial Coin Offerings, Tokens and Virtual Corporations
in: Allen/Faia/Haliassos/Langenbucher, The Capital Markets Union, MIT Press, 2019, pp. 215 et seqq. - Training for Temptation – thoughts on a law school class
in: Liber Amicorum Karsten Schmidt, 2019, pp. 783 et seq. - Economic transplants: Lafonta v. Autorité des marchés financiers – A common language of law and economics? Integrating economic transplant into the legal web
in: Muir-Watt/Bizikova/Brandao de Oliveira/Arroyo, Global Private International Law: Adjudicating without Frontiers, Edward Elgar 2019, pp. 350 et seqq. - With Johannes Adolff and Christina Skinner
State-Owned Financial Institutions
in: Busch/Ferrarini/van Solinge, Corporate Governance of Financial Institutions, Oxford University Press 2019, pp. 326 et seqq. - Die Einflussnahme von Aktionären auf die Zusammensetzung des Vorstands
(Hedge funds and their power to appoint directors)
in: Liber Amicorum Bergmann, 2018, pp. 443 et seqq. - With Benedikt Lerp and Jans-Niklas Mack
FinTech Zahlungsverkehr
(FinTech payment transactions)
in: Kunschke/Schaffelhuber, FinTech, Grundlagen – Regulierung – Finanzierung – Case Studies, Berlin 2018, pp. 70 et seqq. - Hedge fund activism in Germany and the US – on convergences, differences and normative reasoning
in: Liber Amicorum Theodor Baums, 2017, pp. 743 et seqq. - Bemerkungen zum „naturalistischen Fehlschluss“
(Remarks on the "naturalistic fallacy”)
in: Liber Amicorum Neumann, Heidelberg 2017, pp. 247 et seqq. - Dogmatik, Falsifikation und zwei Perspektiven auf die Rechtswissenschaft
(Doctrinal problems, falsification and two perspectives on jurisprudence)
in: Liber Amicorum Canaris, Berlin 2017, pp. 219 et seqq. - Die regulierte Aktiengesellschaft – ein Beitrag zur Entstehung von Bankgesellschaftsrecht
(Corporate governance of banks)
in: Kalss/Torggler, Compliance, Wien 2016, pp. 25 et seqq. - Do we need a law of corporate groups?
in: Fleischer/Kanda/Kim/Mülbert (Hrsg.), German-Asian Perspectives on Company Law, 2016, pp. 355 et seqq. - Sein und Schein im Überweisungsrecht – zur Geltung von Rechtsscheingrundsätzen bei der Autorisierung des Überweisungsauftrags sowie im Bereicherungsausgleich
(On wire transfers)
in: Liber Amicorum Köndgen, 2015, pp. 383 et seqq. - Household finance and the law – a case study on economic transplants
in: Faia/Hackethal/Haliassos/Langenbucher (Eds.), Financial Regulation: A Transatlantic Perspective, Cambridge University Press 2015, pp. 313 et seqq. - (No) market for corporate governance?
Related party transactions and shareholder approval rights
in: Liber Amicorum Müller-Graff, 2015, pp. 312 et seqq. - A market for institutional investors?
in: Liber Amicorum Coester-Waltjen, 2015, pp. 1147 et seqq. - Rechtsermittlungspflichten und Rechtsbefolgungspflichten des Vorstands – Ein Beitrag zur aktienrechtlichen Legalitätspflicht
(Duties to act lawfully or the efficient breach of the law?)
in: Liber Amicorum Lwowski, Munich 2014, pp. 333 et seqq. - Finanzinnovationen, Geschäftsleiterhaftung und Corporate Governance in regulierten Branchen
(Financial innovations, CEO liability and corporate governance in regulated industries)
in: Möslein (Ed.), Finanzinnovation und Rechtsordnung, Zurich 2014, pp. 272 et seqq. - With Kosmas Kaprinis
Private enforcement of investor protection – is private law up for the challenge? A glance at the United Kingdom
in: Festschrift zum 100-jährigen Jubiläum der Goethe-Universität Frankfurt, Fachbereich Rechtswissenschaft, Frankfurt am Main 2014, pp. 483 et seqq. - Vorstandsvergütung – zwischen Vertragsrecht und „say on pay“
(Board Remuneration – between contract law and „say on pay“)
in: Tröger/Karampatzos (Hrsg.), Gestaltung und Anpassung von Verträgen in Krisenzeiten, 2014, pp. 137 et seqq. - Insider Trading in European Law
in: Bainbridge (Ed.), Research Handbook on Insider Trading, Edward Elgar 2013, pp. 429 et seqq. - Aufsichtsratsmitglieder in Kreditinstituten: Rechte, Pflichten und Haftungsregeln
(Liability of board members of financial instititutions)
in: Hölscher/Altenhain (Eds.), Handbuch Aufsichts- und Verwaltungsräte in Kreditinstituten (Handbook on supervisory boards in financial institutions), Berlin 2013, pp. 3 et seqq. - Stimmrechtsberater
(Proxy adivisors)
in: Liber Amicorum Michael Hoffmann-Becking, Munich 2013, pp. 733 et seqq. - Zur rechten Konkretisierung angemessener Vorstandsbezüge – Kapitalmarktrecht oder Verbandsrecht?
(On executive remuneration in general)
in: Liber Amicorum Uwe H. Schneider, Cologne 2011, pp. 751 et seqq. - Zur Auflösung von Systemspannungen zwischen Bankaufsichtsrecht und Privatrecht
(On the impact of regulatory banking law on private banking law)
in: Liber Amicorum Klaus J. Hopt, Berlin 2010, pp. 2175 et seqq. - Prospektive Rechtsprechungsänderungen im französischen Recht
(Prospective overruling in French Law)
in: Liber Amicorum Helmut Koziol, Vienna 2010, pp. 1411 et seqq. - Zur Konkretisierung des Marktmanipulationstatbestandes
(On market manipulation)
in: Liber Amicorum Gerd Nobbe, Cologne 2009, pp. 681 et seqq. - Kausalitätsbeziehungen bei der Einschaltung von Finanzintermediären, Zur Haftung für fehlerhafte Kapitalmarktinformation
(Problems of causality for securities fraud liability in capital markets law)
in: Liber Amicorum Karsten Schmidt, Cologne 2009, pp. 1053 et seqq. - Zinshöhe und Äquivalenzverhältnis beim gewerblichen Darlehensvertrag
(On commercial credit contracts)
in: Liber Amicorum Harm Peter Westermann, Cologne 2008, pp. 399 et seqq. - With Johannes Adolff
Zur Zulässigkeit der Direktliquidation im Dreipersonenverhältnis
(On the admissibility of direct liquidation in a three-person relationship)
in: Liber Amicorum Canaris, München 2007, pp. 679 et seqq. - Die bereicherungsrechtliche Rückforderung unangemessener Vorstandsbezüge
(Board member’s compensation and unjust enrichment law)
in: Liber Amicorum Ulrich Huber, Tübingen 2006, pp. 861 et seqq. - Zeit für einen Abschied von der Genehmigungstheorie bei der Lastschriftzahlung?
(A theory of debit payments)
in: Liber Amicorum Karl Peter Mailänder, Berlin 2006, pp. 21 et seqq. - Vertrauensenttäuschung durch Rechtsprechungsänderungen im deutschen und im englischen Zivilrecht
(Changes of judge-made law and issues of legal reliance)
in: Liber Amicorum Norbert Horn, Berlin 2006, pp. 1179 et seqq. - Die Zulässigkeit der vertraglichen Gestaltung risikoadjustierter Konditionen in Kreditverträgen
(Risk-adjusted clauses on interest rates)
in: Achleitner/Everling (Eds.), Rechtsfragen im Rating, Wiesbaden 2005, pp. 185 et seqq. - Zum Bereicherungsausgleich im Überweisungsrecht
(The law of unjust enrichment in wire transfers)
in: Liber Amicorum Andreas Heldrich, Munich 2005, pp. 285 et seqq. - Die Lösung vom Darlehensvertrag
(The termination of credit contracts)
in: Dauner-Lieb/Konzen/K. Schmidt (Eds.), Die Schuldrechtsreform in der juristischen Praxis, Cologne 2002, pp. 569 et seqq. - Schutz- und Neutralitätspflichten in Zahlungssystemen
(Duties to protect and duties to stay neutral in payment systems)
in: Kontinuität im Wandel der Rechtsordnung, Beiträge für Claus-Wilhelm Canaris zum 65. Geburtstag, Munich 2002, pp. 65 et seqq. - Vorüberlegungen zu einer europarechtlichen Methodenlehre
(Premises of a European legal theory of law)
in: Ackermann et al. (Eds.), Jahrbuch junger Zivilrechtswissenschaftler 1999, Tradition und Fortschritt im Recht, Conference in Bonn September 8th–11th 1999, Stuttgart/Munich /Hannover/Berlin/Weimar/Dresden 2000, pp. 65 et seqq.
Legal commentary
- With Jasper Kunstreich
Legal commentary of sections 182, 183, 183, 184, 187, 188, 189, 191 AktG
(Commentary on the German and European law of share capital increase)
in: Großkommentar AktG, 5th ed., 2024 - Legal commentary of sections 291-299, 308-310 AktG
(Commentary on the German law of corporate groups)
in: K. Schmidt/Lutter (Eds.), SE/AG (Societas Europaea and German stock corporation), 5th ed. Cologne 2024, pp. 3991 et seqq., pp. 4261 et seqq. - Legal commentary of sections 355-357, 354a (since 5th ed.) 363-365 HGB
(Banking law)
in: Münchener Kommentar zum HGB (Commercial law), 5th ed. Munich 2020 - Legal commentary of sections 675j – 676c BGB (Law of wire transfers)
Virtuelle Währungen (Virtual Payments)
in: Langenbucher/Bliesener/Spindler (Eds.), Bankrechtskommentar (Banking and Corporate Law), Munich 2015, 3rd ed. 2020 - Kreditsicherung und Bankaufsichtsrecht (Loan securities and regulatory banking law)
in: Lwowski/Fischer/Langenbucher (Eds.), Das Recht der Kreditsicherung
(The law of loan securities), 9th ed. Berlin 2011 - Die Überweisung (The Transfer)
Einführung: Die Abrechnung im Interbankenverkehr (Introduction: Settlement in Interbank Transactions)
in: Langenbucher/Gößmann/Werner (Hrsg.), Zahlungsverkehr, Handbuch zum Recht der Überweisung, Lastschrift, Kreditkarte und der modernen Zahlungsformen (Handbook on payment systems), C.H Beck, München 2004
Blog Posts
- AI Judgment rule(s)
NYU Program on Corporate Compliance and Enforcement, (PDF)
and Oxford Business Law Blog, (PDF) - Ownership and Trust – A corporate law framework for Board Decision-making in the Age of AI
Oxford Business Law Blog, (PDF) - The European Court of justice tightens the requirements for Credit Scoring under the GDPR
NYU Program on Corporate Compliance and Enforcement, (PDF) - Consumer Credit in the Age of AI – Beyond Anti-Discrimination Law
Oxford Business Law Blog, (PDF) - Privacy Experts react to Meta’s 1.2 Billion Euro Data Transfer Fine
NYU Program on Corporate Compliance and Enforcement, (PDF) - Explaining MiCA: Part of the EU’s Approach to Crypto and Digital Asset Regulation
NYU Program on Corporate Compliance and Enforcement, (PDF) - Regulating AI – the Next “Brussels Effect”?
NYU Program on Corporate Compliance and Enforcement, (PDF) - Artificial Intelligence and the “S” in ESG
ecgi Blog, (PDF) - Did the German stakeholder model fail in Wirecard and Volkswagen?
ecgi Blog, (PDF) - European Parliament adopts new Whistleblower Directive
NYU Program on Corporate Compliance and Enforcement, (PDF) - Sustainable Finance and ESG reporting – EU pushing ahead, SEC cautious
NYU Program on Corporate Compliance and Enforcement, (PDF) - Wirecard Scandal: When all Lines of Defense against Corporate Fraud Fail
Oxford Business Law Blog, (PDF) - Shareholder Activism, Institutions of Corporate Governance and Re-Reading Roe
Oxford Business Law Blog, (PDF)
Working Papers
- With Florian Heider, Jan Pieter Krahnen, Vincent R. Lindner, Jonas Schlegel, Tobias Tröger
The Geopolitical Case for CMU and two different Pathways toward Capital Market Integration
SAEF White Paper No. 102, 2024 - Ownership and Trust, A corporate law framework for board decision-making in the age of AI,
Ecgi law working paper 758/2024 - Gruppendenken und Corporate Governance – illustriert am Beispiel des Wirecard Skandals
(Groupthink and Corporate Governance – the Wirecard Scandal as an illustration)
SAFE White Paper No. 97 - KI in der Leitungsentscheidung des Vorstands der Aktiengesellschaft
(AI and executive board decision-making)
SAFE White Paper No. 96 - Consumer Credit in the Age of AI – Beyond Anti-Discrimination Law,
Ecgi law working paper 663/2022 - With Ann-Katrin Kaufhold, Patrick Blank, Jan Pieter Krahnen
BaFin (in)dependence – A reform proposal
SAFE White Paper No 82/2021 - With Jan Pieter Krahnen, Christian Leuz, Loriana Pelizzon
What are the wider supervisory implications of the Wirecard case?
SAFE White Paper No. 74/2020 - With Jan Pieter Krahnen
The Wirecard lessons: A reform proposal for the supervision of securities markets in Europe
SAFE policy letter No. 88/2020 - Legal Aspects of Gender Balance on Corporate Boards in Germany
SAFE White Paper No. 2/2013
Published research
- With Luis Videgaray, Philip Aghion, Barbara Caputo, Tracey Forrest, Anton Korinek, Hiroaki Miyamoto & Michael Woolridge
Artificial Intelligence and Economic and Financial Policymaking, A High-Level Panel of Experts‘ Report to the G7 (PDF) - With Jan Pieter Krahnen, Christian Leuz, Loriana Pelizzon
What are the wider supervisory implications of the Wirecard Case?
A study conducted on behalf of ECON/European Parliament, (PDF) - With Tobias Tröger, Lara Milione, Andreas Roth
EU Mapping 2017: Systematic overview on economic and financial legislation
A study conducted on behalf of ECON/European Parliament, (PDF) - Note on Legal aspects of gender balance on corporate boards in Germany
A study conducted on behalf of the Policy Department C of the European Parliament, 2013, (PDF) - With Andreas Hackethal, Roman Inderst (Projektverantwortlicher), Steffen Meyer,Tilman Rochow, Bernd Skiera, Helmut Gründl
Wie lässt sich der Kundennutzen der Anlageberatung steigern? (PDF)
(How can the customer value of investment advice be increased?) - A scientific study commissioned by the Ministry of Food, Agriculture and Consumer Protection (Germany) (BMELV), 2011, (PDF)
- Publishing Work (20)
Published journals (7) - European Journal of Business Law /
Europäische Zeitschrift für Wirtschaftsrecht (EuZW)/
Revue Européenne de Droit Économique, C.H. Beck - Zeitschrift für Bank- und Kapitalmarktrecht (BKR), C. H. Beck
- Corporate Finance Law (editorial advisory board), Handelsblatt (until 2013)
- Revue de droit bancaire et financier (Journal of Banking and Financial Law), Paris
- Critical Quarterly for Legislation and Law – CritQ/
Kritische Vierteljahresschrift für Gesetzgebung und Rechtsprechung – KritV/
Revue Critique trimestrielle de jurisprudence et de législation – RCrit (until 2020) - Zeitschrift für das gesamte Handels- und Wirtschaftrecht (ZHR)
Publishing Work
Published Journals (7)
- European Journal of Business Law / Europäische Zeitschrift für Wirtschaftsrecht (EuZW)/Revue Européenne de Droit Économique, C.H. Beck
- Zeitschrift für Bank- und Kapitalmarktrecht (BKR), C. H. Beck
- Corporate Finance Law (editorial advisory board), Handelsblatt (until 2013)
- Revue de droit bancaire et financier (Journal of Banking and Financial Law), Paris
- Critical Quarterly for Legislation and Law – CritQ/Kritische Vierteljahresschrift für Gesetzgebung und Rechtsprechung – KritV/Revue Critique trimestrielle de jurisprudence et de législation – RCrit (until 2020)
- Zeitschrift für das gesamte Handels- und Wirtschaftrecht (ZHR)
- Journal of Financial Transformation
Published Book Series (3)
- With Theodor Baums,Andreas Cahn, Brigitte Haar, Tobias Tröger, Peter von Wilmowsky und Manfred Wandt, Peter Lang Publishing, Lausanne
Frankfurter wirtschaftsrechtliche Studien (Frankfurt Studies in Business Law) - With Roland Broemel, Georg Hermes und Matthias Jahn
Gesamtes Recht der Unternehmen und Finanzen (Comprehensive Law of Companies and Finance), Nomos Publishing, Baden-Baden - Schriften zum Unternehmensrecht (Writings on Company Law), Peter Lang Publishing, Lausanne (discontinued in 2008)
Published Books (5)
- Langenbucher, European Regulation of Credit Scoring
The book covers the law of credit scoring, data protection, AI and consumer lending in 19 chapters, including EU law, selected EU countries, the UK, Switzerland and the US, along with six additional chapters delving deeper into specific research questions
Edward Elgar, forthcoming 2025 - With Franklin Allen, Ester Faia, Michalis Haliassos
The Capital Market Union and Beyond
MIT Press, December 2019 - With Helmut Siekmann, Andreas Cahn, Tim Florstedt, Julia Redenius-Hövermann, Tobias Tröger, Ulrich Segna
Liber Amicorum Theodor Baums, Tübingen 2017 - With Hans Christoph Grigoleit, Johannes Hager, Felix Christopher Hey, Jörg Neuner, Jens Petersen, Reinhard Singer, Marietta Auer, Carsten Herresthal, Thomas Riehm
Liber Amicorum Claus-Wilhelm Canaris, Munich 2017 - With Ester Faia, Andreas Hackethal, Michalis Haliassos
Financial Regulation: A Transatlantic Perspective
Cambridge University Press 2015 - With Andreas Heldrich, Jürgen Prölss, Ingo Koller, Hans Christoph Grigoleit, Johannes Hager, Felix Christopher Hey, Jörg Neuner, Jens Petersen, Reinhard Singer
Liber Amicorum Claus-Wilhelm Canaris, Munich 2007
Published Commentaries, Handbooks, and Textbooks (5)
- Langenbucher/Bliesener/Spindler (Eds.), Bankrechtskommentar,
(Commentary on Banking and Corporate Law)
2nd ed. Munich 2016, 3rd ed. 2020, 4th ed. Forthcoming 2025 - Langenbucher (Ed.), Europäisches Privat- und Wirtschaftsrecht (European Private and Corporate Law)
(1st and 2nd ed. appeared under the title Europarechtliche Bezüge des Privatrechts),
5th ed. Baden-Baden 2022 - With Gößmann and Werner (Eds.)
Zahlungsverkehr, Handbuch zum Recht der Überweisung, Lastschrift, Kreditkarte und der elektronischen Zahlungsformen, Munich 2004
(Handbook on payment systems) - With Lwowski and Fischer (Eds.)
Das Recht der Kreditsicherung,
(The law of loan securities)
9th ed. Berlin 2011
Case Notes
- BGH, Urt. v. 29.4.2008 – XI ZR 371/07 (LG Bonn)
(On wire transfers)
ZJS 2008, 545 - OLG Frankfurt, Urt. v. 25.5.2004 – 8 U 84/04
(Loan portfolios in capital markets law)
BKR 2004, 330 - BGH, Urt. v. 4.11.2002 – II ZR 204/00
(On a limited company in the making)
JZ 2003, 626 - BGH vom 24.9.2002 XI ZR 420/01
(On credit card payments)
BKR 2002, 1107 - Die Verteilung des Risikos des Kreditkartenmissbrauchs bei Distanzgeschäften
– BGH, Beschl. v. 25.9.2001 – XI ZR 375/00 und OLG Frankfurt a. M., Urt. v. 25.7.2001 – 19 U 3/01 – (Risk allocation and fraud in credit card payments)
BKR 2002, 119 - BAG, Urt. v. 17.9.1998 – 2 AZR 725/97
(Employee rights)
SAE 1999, 170 - BAG, Urt. v. 13.11.1997 – 8 AZR 295/95
(Employee rights)
SAE 1998, 145
Selected solicited lectures
- AI Gatekeepers
LiaNs Conference
University Pompeu Fabra
Barcelona, 6 May 2026 - Stablecoin Regulation EU
IOSCO/PIFS program, Harvard Law School
Cambridge (remote)
23 April 2026 - AI Gatekeepers
ILI Fellows Workshop, NYU Law (remote)
13 April 2026 - AI Gatekeepers
Forum Unternehmensrecht im Vergleich
Universität Zürich
9 April 2026 - Zentralisierung der Aufsicht
(The EU Market Infrastructure Package)
FinTech Days 2026
Wirtschaftsuniversität Wien
25.-26. February 2026 - Independence of Central Banks – EU and U.S.
IMFS Conference on “Independence of Central Banks and Financial Supervisors”
Goethe University Frankfurt
12.-13. February 2026 - EU fundamental human rights in horizontal relationships
JuLIA conference
University Pompeu Fabra Barcelona
Brussels, 22.–23. January 2026 - Comparative Corporate Law and Capital Markets Law International Symposium
Waseda University Tokio
Online, 11. December 2025 - Central banking and AI supervision
Policy Panel: Implications of AI for Central banking
SUERF – The European Money and Finance Forum together with Deutsche Bundesbank
Frankfurt, 9. December 2025 - The stakes of the law in techno-legal encounters, from early networks to “Artificial intelligence”
Final conference for “Towards a New Digital Rule of Law” project
SciencesPo Law School, 1.-2.- December 2025 - AI and corporate governance
Center for Transnational Legal Studies
London, 1. October 2025 - Supervision of Financial Market – Architecture and Institution Design
European Company and Financial Law Review, Conference on “Financial Markets and their Regulation in a De-globalizing world”
Frankfurt, 26 September 2025 - Rethinking insider trading law?
Berkeley Law School law & economics workshop
Berkeley, 8 September 2025 - Systematische Risiken im digitalen Zeitalter
Universität Trier, Wissenschaftliche Tagung des Instituts für Recht und Digitalisierung (IRDT)
Online, 4.-5. September 2025 - Summary of Ownership and Trust
2025 Global Corporate Governance Colloquium
London, 14 June 2025 - AI and corporate decision-making
Workshop convened by Luca Enriques and Giovanni Strampelli, Bocconi University
Milan, 9 June 2025 - Insider Trading in Crypto Assets
London School of Economics, Socio-Legal Hub Seminar Series
London, 28 May 2025 - Aufsichtsstruktur an den Finanzmärkten unter der KI-VO
(Supervision under the AI-Act)
StartRight/MLTech Tagung 2025: Herausforderungen im Kapitalgesellschafts- und Kapitalmarktrecht im Zeitalter der Digitalisierung (Challenges of Digitalization for corporate and capital markets law)
Munich, 16 May 2025 - Comparative Insider Trading U.S. – EU
Fordham Law School Corporate Law Center Conference
New York City, 11 April 2025 - Money, Debt and Finance
ARTE TV-Channel series
Paris, 8 April 2025 - Financial Profiling
Oxford Law & Finance events
Oxford, 26 February 2025 - Contractual personalization and consumer protection and its
relevance for fundamental rights JuLIA (Justice, Fundamental Rights and Artificial Intelligence) conference
University Pompeu Fabra, Barcelona
Barcelona, 14 February 2025 - Supervisory agencies under the AI Act
FinTech Days 2025, Universität Zürich
Zurich, 6 February 2025 - The geopolitical case for CMU
EU COMM DG FISMA, The financial issues seminar
Online, 4 February 2025 - AI in Finance: Transforming the Future of the Financial Sector 4th LLM Inaugural Conference “Quo vadis EU (law)”, Bocconi University
Milan, 29 November 2024 - Vertrauen, Kredit und die Rolle des Rechts
(Trust, Credit and the role of the law), TU Darmstadt
Darmstadt, 30 October 2024 - Ownership and Trust
Faculty Workshop, Faculty of Law, University of Toronto
Toronto, 21 October 2024 - Market Structure, Payments and Innovation – Financial Profiling
10th FinTech Conference, University of Luxembourg
Luxembourg, 3 October 2024 - Credit Scoring – U.S. and EU
Lunch talk, 3rd Annual Women in Law and Finance Conference, Wharton
Philadelphia (remote talk), 27 September 2024 - How to use AI in Firms under Institutional and Cultural Contraints
ZEW Conference on Research with and within Organizations
Mannheim, 10 September 2024 - Financial Markets
Conference on Mapping and Governing the Online World, Center for Law & Economics,
ETH Zurich, in collaboration with HEC Lausanne and NYU
Ascona, 20 June 2024 - The Power of Economic Transplants – Common Law, Civil Law, and Beyond
Conference on Legal Reasoning – Common Law, Civil Law, and Beyond
Harvard-Hamburg Conferences on New Approaches to Legal Reasoning,
Hamburg, 17 June 2024 - Financial Profiling
Private Law Conference Rotterdam/Frankfurt
Frankfurt (Main), 17 May 2024 - AI Judgment Rule(s)
Seminar at Bocconi Law School
Milan, 9 May 2024 - Financial Profiling: Kreditscoring und Künstliche Intelligenz
(Financial Profiling: Creditscoring and Artificial Intelligence)
Frühjahrssitzung des Arbeitskreises „Strategieentwicklung und Controlling in Banken“, der Schmalenbach Gesellschaft
Düsseldorf, 19 April 2024 - AI Judgment Rule(s)
Keynote PhD School Introductory week Cologne University
Cologne, 18 April 2024 - AI Judgment Rule(s)
How AI will Change the Law
University of Chicago Law School
Chicago, 13 April 2024 - Financial Profiling
NYU Law School/PRG
New York City, 27 March 2024 - Beneficial Ownership Disclosure
International Workshop on Disclosure Regulation of Beneficial Owners in Listed Companies, Waseda University Tokyo
Brussels, 11 March 2024, Waseda Brussels Office - Rückgang börsennotierter Unternehmen und rechtliche Gegenmaßnahmen
(Decline of listed corporations and legal countermeasures)
ZGR-Symposium
Glashütten, 19‑20 January 2024 - Regulation of Digital Currencies (With Timothy Massad)
Short Selling and Market Stability
Investor Education, Financial Literacy and Retail Participation in Equity Markets
Harvard Law School,
Cambridge, 13‑14 December 2023 - KI in der Leitung der Aktiengesellschaft
(AI in the Management of the Stock Corporation)
Interdisciplinary Lecture Series of the Scientific Society at Goethe University in the Winter Semester 2023/2024
Frankfurt (Main), 20 November 2023 - How to cooperate with an AI – on decision theory and corporate boards
Conference of the Rivista della società Journal
Venice, 10-11 November 2023 - How to cooperate with an AI? On the accountability of board members when using AI
Münchner Juristische Gesellschaft
Munich, 7 November 2023 - KI und Finance / Anwendung, Grenzen und Absicherung
(AI and Finance / Application, Limits and Protection)
Together with: Lars Klöhn, Wolfgang Dierker, Sarah Zech, Flemming Moos
Symposium Humboldt University of Berlin – Digital Business Models in a Highly Regulated Environment
Berlin, 25 October 2023 - Digital Investor Voice
2nd Annual Women in Law and Finance Conference
Philadelphia, 29 September 2023 - Digital Investor Voice
Conference at German Ministry of Finance on the occasion of the 10th anniversary of the Academic Expert Group on Financial Markets
Berlin, 19‑20 September 2023
With Niklas Keller, Jochen Klöpper, Johannes Stoll
Die Zukunft des Scoring zwischen Erklärbarkeit und Prognosegüte
(The Future of Scoring Between Explainability and Forecasting Quality)
Schufa-Congress Trends & Insights 2023
Mainz, 5 September 2023- AI, data analytics, and credit underwriting – towards a new framework
European Consortium for Political Research
Biennal Conference of the Standing Group on Regulatory Governance
Antwerpen, 12‑14 July 2023 - Group Think and Corporate Governance
Juristische Studiengesellschaft Karlsruhe
Karlsruhe, 4 July 2023 - Nutzen Sie noch Bargeld? Abschied vom Bargeld? Von Bitcoin, Stablecoins und digitalem Zentralbankengeld
(Do You Still Use Cash? Farewell to Cash? Bitcoin, Stablecoins and Digital Central Bank Money)
Unternehmerfrühstück 2023
Frankfurt (Main), 29 June 2023 - Corporate AI?
Greek-German Symposion, Law Faculties of the National and Kapodistrian University Athens and EBS University Wiesbaden
Commercial Law in Times of Crises
Athens, 18‑19 May 2023 - With Ruoying Chen, Sunseop Jung, Atsushi Koide
Cryptocurrencies as a Challenge for Securities Regulation?
Digitization and Artificial Intelligence in Corporate and Capital Marktets Law. German and East Asian Perspectives, SAFE
Frankfurt (Main), 23‑24 March 2023 - With Helga Springeneer, Henriette Litta, Christian Humborg
Digitale (Ohn-)Macht von Verbraucherinnen und Verbrauchern: Wie entstehen Machtstrukturen im digitalen Raum und wie kann ihnen begegnet werden?
(Digital (Dis)Empowerment of Consumers: How Do Power Structures Emerge in the Digital Space and How Can They Be Countered?)
Safer Internet Day
Berlin, 14 February 2023 - With Ryan-Chan Wei, Tim Massad
How are governments getting ready for digital assets? Overview with global regulators
Conference on: Web3 – What don’t we know about it yet
Berkman Klein Center at Harvard University & Mossasvar-Rahman Center at Harvard Kennedy School
Cambridge, 10 February 2023 - With Howell Jackson
Regulation of Digital Currencies and Stablecoins
Short Selling and Market Stability
Investor Education, Financial Literacy and Retail Participation in Equity Markets
Securities Regulators’ Role in Promoting Market Integrity and Investor Protection in Crypto Markets
All at IOSCO/PIFS program, Harvard Law School
Cambridge, 14-15 December 2022 - The Wirecard Scandal
ACFE-Swiss Chapter
Zurich, 30 November 2022 - Fair Lending in the Age of AI
NYU Law School/PRG
New York City, 12 October 2022 - AI Credit Scoring – Inclusion or Discrimination?
Law and Society Conference
Lisbon, 14 July 2022 - Normative Ordnung des Scoring
(Normative Orders – Scoring)
Conference Institut für das Recht der Digitalisierung, University of Marburg
Marburg, 7 July 2022 - Algorithmic Fairness – Credit Scoring as a Test Case
Regulating AI in a Democracy, SciencesPo Law School
Paris, 7 June 2022 - Fair Lending in the Age of AI
PennLaw School AdHoc Faculty Workshop
Philadelphia, 12 April 2022 - Wirecard – Kultur, Kognition und Rechtsrahmen
(Wirecard – Culture, Cognition and Legal Framework)
University of Innsbruck, Austria
Online, 24 January 2022 - Regulation of digital currency
Short Selling, Prime brokerage and collateral management
Recent Developments in International Financial Regulation
All three at: IOSCO/PIFS Program Harvard Law School
Online, 29 November, 14-1. December 2021 - AI as a Product? Algorithmic Credit Scoring as a Test Case for Regulating AI
University of Hamburg
Hamburg, 6. December 2021 - Artificial Intelligence and Ethics in Banking – Addressing the Trust Challenges
Irish Banking Culture Board, Roundtable
Online, 6 December 2021 - Panelist on Digitalisation of finance: the challenge from a central bank and supervisory perspective
ECB Legal Conference 2021
Online, 25‑26 November 2021 - AI Credit Scoring as „high risk”
Competition and the regulation of financial innovation
Mannheim Centre for Competition and Innovation (MaCCI)
Mannheim, 18 November 2021 - Kreditwürdigkeitsprüfung mittels Künstlicher Intelligenz? – Zum Vorschlag der Kommission für ein AI-Gesetz
(Creditworthiness assessments using AI? – On the Proposal of the EU Commission for an AI Act)
Symposion Kreditanalyse in Zeiten des Wandels, Zum Nutzen interner und externer Ratings aus historischer und aktueller Perspektive, Institut für Bank- und Finanzgeschichte (Institute for the history of banking and finance)
Frankfurt (Main), 27 October 2021 - The EU Commission’s Proposal on an AI Act
NYU Privacy Research Group
New York, 6 October 2021 - Moderating Cornelia Woll, Economic Lawfare
Max Planck Institute Cologne and SciencesPo Paris (MaxPo),
Brokering Ideas in Social Sciences
Online, 20 September 2021 - AI as a product?
RegHorizon 2nd AI Policy Conference, ETH Zürich
Online, 14 September 2021 - Wirecard – which lessons to draw?
ComplianceNet Conference 2021
Online, 28 June 2021 - Numbers don’t lie? Historic bias, illusions of certainty and algorithmic credit scoring
Ringvorlesung Algorithmen zwischen Vertrauen und Kontrolle (Algorithms between Trust and control), Goethe University
Online, 27 May 2021 - Lessons learned from Wirecard
CMVM/CIRSF/EUI Supervisions of Auditors at a Crossroads
Online, 29 April 2021 - Dissecting Germany’s Wirecard Scandal: Takeaways for Investors
CII 2021 Spring Conference, Moving Forward Together
Online, 10 March 2021 - Fintech and Fairness – Regulating Algorithmic Credit Scoring
The 3rd Edinburg FinTech Law Lecture
Online, 5 March 2021 - Short Selling and Market Stability
IOSCO/PIFS program, Harvard Law School
Online, 10 December 2020 - Wirecard – a timely scandal
University of Zurich
Zurich, 2 December 2020 - Use of AI in assessing creditworthiness: what are the right checks and balances?
FinCoNet, OECD, International Seminar on Creditworthiness assessements
Online, 13 November 2020 - Whistleblowing – a U.S./EU perspective
Brooklyn Law School
Online, 14 October 2020 - Responsible A.I. Credit Scoring
6th Luxembourg FinTech Conference
Online, 7 October 2020 - A.I. Credit Scoring – A Comparative Glance at EU and US Privacy and Anti-Discrimination Laws
Workshop on Digital Capital Markets, Helsinki University
Online, 4-5 June 2020 (moved to 2 September 2020) - Commercial Behavioral Tracking and Algorithmic Discrimination
Current Issues in Privacy and Technology Law, Fordham Law School
Online, 23 July 2020 - Responsible A.I. Based Credit Scoring: A Legal Framework
Wharton FinReg conference
17 April 2020 (cancelled due to COVID-19 outbreak)
Cryptocurrencies as a challenge for securities regulation?
German/Asian Symposion, Frankfurt
2-3 April 2020 (cancelled due to COVID-19 outbreak)- Moderator for Borgogno, Data, Innovation and Competition in Finance: The Case of the Access to Account Rule
4th Oxford Business Law Blog Annual conference, Fintech Startups and Incumbent Players: Policy Challenges and Opportunities, Oxford
Online, 27 March 2020 - Developing Integrated Capital Markets within and across Borders – The Role of Access, Data and Transparency
Symposium on Building the Financial System of the 21st Century: An Agenda for Europe and the United States, PIFS/Harvard law School, Washington
5-7 March 2020 (cancelled due to COVID-19 outbreak) - Moderating Martha Farah, PhD/UPenn; Joseph J. Finns, M.A., M.A.C.P., F.R.C.P. Weill Cornell Medical School/Yale Law School; Paul W. Glimcher NYU School of Medicine; Yasmin L. Hurd, PhD, School of Medicine Mount Sinai
Neuroscience and Law Center, Cutting Edge Developments in Neuroscience and Law
New York City, 25 February 2020 - Responsible A.I. Credit Scoring
Max-Planck-Institut on Collective Goods
Bonn, 20 January 2020 - Regulating Cryptocurrencies
Joint International Conference on Globalization and Convergence of Laws: Comparative Legal Approach, Fordham School of Law and SKKU Law School Institute of Legal Studies
8 January 2020
Digital currencies and payments
IOSCO/PIFS program, Harvard Law School
Cambridge, 12 December 2019- Unternehmensstrafrecht als ein Bestandteil im System normativer Steuerung des Unternehmens
(Corporate criminal law as a component in the system of normative control of the company)
Economy, Criminal Law, Ethics, X. Symposion
Frankfurt (Main), 22-23 November 2019 - Machine Learning, Credit Scoring and biased AI
Privacy Research Group, NYU Law School
New York, 25 October 2019 - Künstliche Intelligenz – wie können wir Algorithmen vertrauen?
(Artificial intelligence – how can we trust algorithms?)
Panel contribution, Bad Homburg Conference 2019
Bad Homburg, 19 September 2019 - On regulatory arbitrage
Penn Law School Faculty Workshop
Philadelphia, 17 September 2019 - Author Meets Critics –
Discussion of my book “Economic Transplants”, critics: Reuven Avi-Jonah, John Cioffi, Matthias Thiemann
SASE Conference 2019
New York City, 28 June 2019 - Regulatory Arbitrage, Economic Clichés and Expert Talk,
SASE Conference 2019
New York City, 28 June 2019 - Initial coin offerings
IOSCO/PIFS program, Harvard Law School
Cambridge, 6 December 2018
European Finance – no more room for variety?
Panel contribution
6th Frankfurt Conference on Financial Market Policy
Frankfurt (Main), 14 December 2018- The Promise of Measurability – a “Nightmare or a Noble Dream”?
Max-Planck-Institut für Gesellschaftsforschung
Köln, 7 November 2018 - European Securities Law – are we in need of a new definition?
Faculty workshop, Fordham Law School
New York City, 20 September 2018 - Initial coin offerings – where do we stand and should we move?
German-French Symposion, MPI Hamburg
Hamburg, 7 July 2018 - Global institutional shareholders
East Asia and Germany Commercial Law Forum, Beijing University
Beijing, 23 March 2018 - Virtual corporations and virtual funding?
Oxford Business Law Workshop
Oxford, 15 November 2017 - Economic transplants – book launch
LSE
London, 14 November 2017 - Digitales Finanzwesen – vom Bargeld zu virtuellen Währungen?
(Digital Finance – from fiat currency to virtual currency?)
German Association of Private Law Reachers, University of Zurich
Zurich, 11 September 2017 - Cross-sectoral regulation
Katholieke Universiteit Leuven, Jan Ronse Instituut, Kick-off meeting
Leuven, 7 February 2017 - Economic Transplants and Transnational Law – a dialogue
Séminaire PILAGG
Paris, 25 November 2016 - Insider Trading and Director’s Dealings in Germany and France
Symposion Cabinet Gide,
Paris, 24 November 2016 - Shareholder activism
German-French Symposion, MPI Hamburg
Hamburg, 7 July 2016 - Die Marktmissbrauchsverordnung 2016 – eine Kooperation von Judikative und Legislative
(The MAR 2016 – a cooperation of adjudication and legislation)
Arbeitskreis Wirtschaft und Recht
Leverkusen, 3 June 2016 - Who is afraid of reasonable investors? – on lawmaking for financial markets,
Séminaires du programme doctoral de Droit, SciencesPo, Ecole de Droit
Paris, 14 April 2016 - Economic transplants in der Marktmissbrauchsverordnung
(Economic transplants in the Market Abuse Regulation)
Symposion on the Market Abuse Regulation, Friedrich-Alexander Universität Nürnberg
Nuremberg, 8 April 2016 - Economic Transplants – on lawmaking for financial markets
Law&Economics Lunch Talk, Columbia Law School
New York City, 29 February 2016 - Regulierungsstrategien im Wirtschaftsstrafrecht
(Regulatory Strategies in Criminal Law)
ECLE VII Symposion, Goethe Universität Frankfurt
Frankfurt, 20 November 2015 - Aufsichtsrecht und Bankrecht
(Supervisory law and corporate law)
Symposion on Corporate Law, Wirtschaftsuniversität Vienna
Vienna, 28 September 2015 - Diversity on corporate boards – why, how?
German/French Symposion, Sorbonne
Paris, 2-3 July 2015 - On the German law of corporate groups
German/Asian Symposion, MPI Hamburg
Hamburg, 28-29 May 2015 - Aktienrecht und Kapitalmarktrecht – 50 Jahre AktG
(Capital markets Law and Corporate law after 50 years of the German Code on stock corporations)
Symposion 50 Jahre AktG, University of Bonn
Bonn, 27 March 2015 - Erosion aktienrechtlicher Leitbilder
(erosion of capital markets law models)
Symposion Perspektiven des Gesellschaftsrecht, Humboldt Universität
Berlin, 19 February 2015 - Ever more transparency – investor’s duties according to the EU proposal on an amendment of the shareholder’s rights directive
European Forum on Securities Regulation (EFSR)
Vienna, 5 December 2014 - Economic Transplants and the normative challenge
Séminaires du programme doctoral de Droit, SciencesPo, Ecole de Droit
Paris, 10 April 2014 - Anlegerschutz durch Haftung im deutschen und europäischen Kapitalmarktrecht,
(Investor protection under German and European capital markets law)
Karlsruher Forum
Karlsruhe, 21 February 2014 - Stimmrechtsberater (proxy advisors)
Symposium „Das Europäische Gesellschaftsrecht vor neuen Herausforderungen“, Westfälische Wilhelms-Universität Münster
Münster, 22 November 2013 - Insiderinformationen nach neuem Recht,
(The new regime of inside information)
Bankrechtsforum, Wien
Vienna, 5 November 2013 - Vorstandsvergütung – vom Vertragsrecht zu “say on pay”,
(Board remuneration – from contracts law to „say on pay“)
German-Greek Symposion arranged by the law faculties of national and Kapodistrias’ university Athens and Goethe-University Frankfurt
Athens, 25 October 2013 - Economic transplants and the normative challenge
Presentation, Law and Economics panel, LSE London, respondent: Charles Goodhart, LSE London, 3 July 2013 - Opérations d’initiés: les limites de la prohibition
(Insider Trading – the prohibition and its limits)
IRJS Sorbonne Finance & Sorbonne Affaires, Séminaire franco-allemand, Paris 1 – MPI
Paris, 28 June 2013 - Insider Trading in US and EU Law
Presentation “LLM Specialist Series“, LSE
London, 14 March 2013 - Limits of Shareholder Value
LSE London, Corporate Law and Finance Roundtable, Comment to John Armour
London, 28 February 2013 - Is Bank Governance Special?
LSE London, Response to Guido Ferrarini; Chair: Niamh Moloney
London, 23 January 2013 - Some lessons from the crisis – does the law set the right incentives for board composition and liability in financial institutions?
Lecture series “Séminaire Doctoral”, SciencesPo, Ecole de droit
Paris, 4 October 2012 - Financial innovations, CEO liability and corporate governance in regulated industries Symposion, University St. Gallen, „Financial innovations“
St. Gallen, 31 May – 1 June 2012 - Epistemic goals and tools,
IVR workshop on disciplinary perspectives and legal truth, 25th World congress IVR
Frankfurt (Main), 15 August 2011 - Class actions in Securities litigation under German law
L'action de groupe des investisseurs: une ardente nécessité,
Sénat, organized by: Yann Paclot/Véronique Magnier
Paris, 31 March 2011 - On the future of capital markets law
Deutsch-Brasilianische Juristenvereinigung
Frankfurt (Main), 7 November 2009 - The DCFR – Agency Authority and its Scope – A Glance at Corporation Law
SECOLA Conference
Barcelona, 7 June 2008 - Kreditsicherheiten und Basel II,
(Credit Collateral and Basel II)
Bank- und Kapitalmarktrechtssymposion der Deka-Bank
Frankfurt (Main), 6 November 2007
Forthcoming
- Insider Trading in Crypto Asssets – Back to first principles?
Fordham Journal of Corporate & Financial Law 31 (2026) - Finanzprofiler als trusted intermediary
(Financial profiler as a trusted intermediary)
FS Bayer, expected 2026 - Managerial Groupthink and the Law: Shaping, Nudging, and Enabling
in: Masson/Do Carmo Silva/Bouthinon-Dumas, Law and Management Handbook, Oxford University Press, 2025, (Peer-reviewed) - AI-Gatekeepers
Zeitschrift für Vergleichende Rechtswissenschaft 2026 - Stablecoin Regulation – A comparative analysis of U.S. and EU law
Liber amicorum Cynthia Lichtenstein editors: Christoph Gortsos and Rosa Maria Lastra, 2026 - Supervision of the Use of Artificial Intelligence in Financial Institutions
in: Judicial Review in the European Banking Union, Vol. II
Editors: Chiara Zilioli and Karl-Philipp Woijcik - Zur Unabhängigkeit von Zentralbanken – Ein rechtsvergleichender Seitenblick
(On the independence of central banks – a comparative-law analysis)
in: Liber Amicorum Peter Mülbert, 2027