journals -> journal of governance and regulation -> editorial board -> members

Carsten Gerner-Beuerle

Email: C.Gerner-Beuerle@lse.ac.uk
Administrative support: Lucy Wright
Room: New Academic Building 5.08
Tel. 020-7955-7250

Carsten joined the LSE as a Lecturer in Corporate Law in September 2009. Before coming to LSE he worked as the German Academic Exchange Service Lecturer at King’s College London and as a researcher at Humboldt University Berlin. Carsten studied law and economics at Humboldt University Berlin, the University of Minnesota in Minneapolis, the University of California at Berkeley and the University of London. He holds degrees in law and economics from Humboldt University, the University of Minnesota and the University of London. He is also admitted to the bar in Germany.

Research interests

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Research focuses on corporate law and securities regulation, including the international dimension of these topics and interdisciplinary aspects. In many of my writings I employ a comparative approach to identify trends of convergence or divergence, for example in recent projects on primary market disclosure and gatekeeper liability. Other projects deal with the relationship between legal reform and economic development and economic concepts and moral philosophy. I am also working on a comprehensive treatise on Comparative Company Law for Oxford University Press that encompasses US, English, French, and German law and the relevant legislative measures and initiatives of the European Union.

 
External activities

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Consultant to the European Parliament on the transposition of life assurance directives
Of counsel for law firms in Germany and Turkey in corporate law matters
Member of the Athens Institute of Education and Research, Law Research Unit
Member of the European Association of Law and Economics

Teaching
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Law of Business Associations: LL203
Jurisprudence and Legal Theory: LL400
Corporate Governance: LL435
Law of Corporate Finance: LL437
Corporate Accountability : Topics in Legal and Accounting Regulation: LL440

Books   
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Gore-Browne on EU Company Law (general editor), Bristol: Jordans 2010
Die Haftung von Emissionskonsortien [Liability of Underwriting Syndicates in Public Offerings], Berlin, New York: de Gruyter 2009
The book examines the liability of underwriting banks for misstatements in the registration statement or public offering prospectus according to US-American and European (in particular German) law. This issue has come to the fore in the wake of the recent accounting scandals in the US and Europe. The issuers will often be insolvent and investors will seek to claim damages from the investment banks that have underwritten the offering. The book discusses the factual background of the public offering process (underwriting techniques, allotment of securities, clearing, agreements among underwriters, between underwriters and issuer etc.), the extensive US case-law on ss. 11 and 12 of the Securities Act of 1933 and s. 10(b) of the Securities Exchange Act of 1934 in conjunction with Exchange Act Rule 10b-5, and the corresponding legislative measures under European and German law. Additional issues are the legal nature of the underwriting syndicate (prevailing opinion in Germany qualifies it as a general partnership), relevant conflict of law rules, and the economic implications of different systems of underwriter liability.

Challenges of the Law in a Permeable World (ed. with David A. Frenkel), Athens: Athens Institute of Education and Research (ATINER) 2009

Selected Essays on Current Legal Issues (ed. with David A. Frenkel), Athens: Athens Institute of Education and Research (ATINER) 2008

Selected articles and chapters in books   
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'In search of rationality in company law' Modern Law Review, 73 (6). pp. 1048-1075 (2010)
'The Mysteries of Right of Establishment after Cartesio' (with Michael Schillig) International & Comparative Law Quarterly 2010, 59(2), 303-323
'Underwriters, Auditors, and Other Usual Suspects: Elements of Third Party Enforcement in US and European Securities Law' European Company and Financial Law Review  2009, 6(4), 476-515.
The market for securities and its regulation through gatekeepers. Temple International & Comparative Law Journal 23 (2). pp. 317-377
'General Disclosure Requirements – European Framework', 'Quoted Companies – European Framework', 'Europe and Takeovers', chapters 32, 38 and 44 of Gore-Browne on Companies (Bristol: Jordans 2009/10)
'Recht, Effizienz und Calabresis Trugschluss' [Law, Efficiency, and Calabresi’s Fallacy] in S. Grundmann et al. (eds.) Unternehmensrecht zu Beginn des 21. Jahrhunderts: Liber Amicorum in honour of Eberhard Schwark, München: C.H. Beck 2009, pp. 3-20