Researchers at the Faculty of Law, Economics and Finance at the University of Luxembourg continue to turn their focus to contributing to the discussion of the COVID-19 crisis and its potential effects on the global economy as well as society at large.
The ADA Chair in Financial Law (inclusive finance) is intensively working on analysing changes and policy action relating to the COVID-19 crisis in the field of financial law. Three working papers have been recently published to SSRN which include contributions from Prof. Dr. Dirk Zetzsche, the ADA Chairholder in Financial Law, and research specialists Roberta Consiglio and Miko Yeboah-Smith.
In the first working paper titled “Digital Finance & Crisis” an international team of researchers from the University of Hong Kong, Thomson Reuters – Refinitiv, the University of New South Wales, Qatar University and the University of Luxembourg analyse to what extent digital financial services can be used to remedy the impact of the epidemic on the financial system (including financial inclusion and consumer related financial services) in various countries. The paper can be downloaded here: https://ssrn.com/abstract=3558889.
In the second working paper titled “The COVID-19-Crisis and Company Law – Towards Virtual Shareholder Meetings” researchers University of Luxembourg along with Ernst & Young Norway have compiled crisis-related company law reforms in twenty countries. The overview may assist company law reform in countries facing the crisis, but researchers also envisage that the provisions on virtual shareholder meetings are harbingers of fundamental company law reform and practice. The paper can be downloaded here: https://ssrn.com/abstract=3576707.
The third working paper, “One Million or One Hundred Million Casualties? – The Impact of the COVID-19 Crisis on Low- and Middle-Income Countries” by Prof. Dr. Dirk Zetzsche, argues that the overall impact of the COVID-19 crisis on the least developed and developing countries is massive, with a potentially very high number of casualties and proposes five policy measures to mitigate the most severe impacts of the crisis on low- and middle-income countries. The paper can be downloaded here: https://papers.ssrn.com/abstract=3597657.