Professor Steven Schwarcz has been appointed to an international panel of top legal, juridical, and market experts in finance.
Schwarcz, the Stanley A. Star Professor of Law & Business, was appointed to the Netherlands-based P.R.I.M.E. Finance Foundation’s Panel of Recognized International Market Experts in Finance in August. Known as P.R.I.M.E. Finance, the nonprofit institution was established in The Hague in 2012 to “foster a more stable global economy and financial marketplace by reducing legal uncertainty and systemic risk,” according to its website. Its core activities involve international dispute resolution, judicial support and education, and the compilation of precedents and resources in a central database. Panel members include judges, scholars, central bankers, regulators, representatives from private practice, and market participants who possess extensive expertise in derivatives and other complex financial products. Nominations to the panel are made by peers in these fields.
A founding director of Duke’s interdisciplinary Global Capital Markets Center (now the Global Financial Markets Center), Schwarcz is a renowned scholar in the areas of insolvency and bankruptcy law; international finance, capital markets, and systemic risk; and commercial law. Also Senior Fellow and the leading legal expert on sovereign debt restructuring for the Centre for International Governance Innovation (CIGI), he has earned such recent honors as the University of Edinburgh Law School’s prestigious MacCormick Fellowship and a distinguished visiting professorship with the University College London Law Faculty for the spring 2018 semester. He presented a proposal on a model-law approach to sovereign debt restructuring in July at the 50th anniversary Congress of the United Nations Commission on International Trade Law in Vienna. Another, on corporate governance and systemic risk, was also selected for consideration at the Congress.