Public Lectures from the Faculty of Law, University of Cambridge

• What is Project Finance, and Why is it Important?: 3CL Seminar

  Speaker: Professor Paul Deemer (Vanderbilt Law School)This lecture focuses on the development and project financing of large international infrastructure projects, and covers –What is “project finance” and what is not? How does a “project financing” differ from other types of financing?Why is project finance used on large infrastructure projects? What is “leverage,” and why is that important?What legal structures and documents are commonly used in project financings?Who are the participants in a project financing? What are their roles?What is the role of the lawyer? Why should a new lawyer be familiar with project finance?In discussing these issues, the speaker draws on his experience representing clients on projects in Europe, Asia, Africa and the Middle East.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information see the Centre for Corporate and Commercial Law website:http://www.3cl.law.cam.ac.uk/

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• The Law of State Succession: Principles and Practice' - Dr Arman Sarvarian

  Speaker: Arman Sarvarian, University of SurreyDate: Friday Lunchtime Lecture: Friday 31 January 2025Dr Arman Sarvarian will speak about his forthcoming monograph The Law of State Succession: Principles and Practice to be published by Oxford University Press in April. The product of seven years’ labour of approximately 170,000 words, the work includes a foreword by Professor August Reinisch of the University of Vienna and International Law Commission. The following is the summary of Oxford University Press:'The Law of State Succession: Principles and Practice provides a comprehensive, practical, and empirical overview of the topic, establishing State succession as a distinct field with a cohesive set of rules.From the secession of the United States of America in 1784 to that of South Sudan in 2011, the book digests and analyses State practice spanning more than two centuries. It is based on research into a wide and diverse range of case studies, including archival and previously unpublished data. Reconstructing the intellectual foundation of the field, the book offers a vision for its progressive development - one that is rooted in an interpretation of State practice that transcends the politics of the codification projects in the decolonization and desovietization eras.The book examines international law on State succession with respect to territorial rights and obligations, State property (including archives) and debt, treaties, international claims and responsibility, as well as nationality and private property (including concessions and investments). Its central focus is identifying the general rules of international law in order to guide States in the negotiation of succession agreements, the interpretation of ambiguous or incomplete provisions, and the regulation of succession in default of specific agreement.A highly relevant work, The Law of State Succession offers governments, judges, legal practitioners, and scholars an authoritative account of the current law. It enables negotiators to identify different legal paths within succession and assists adjudicators in interpreting provisions of succession agreements and regulating questions omitted from such agreements.' The book is available for pre-order at the OUP website.Dr Arman Sarvarian a public international lawyer in academia and private practice. A Reader in Public International Law at the University of Surrey, he regularly acts as legal adviser and counsel to States, companies and individuals. He is counsel to the Republic of Côte d’Ivoire in the pending Obligations of States in respect of Climate Change advisory proceedings of the International Court of Justice and counsel in two pending investor-State arbitrations. Since 2019, he has served as legal adviser to the Republic of Armenia at the Legal Committee of the UN General Assembly for the annual reports of the International Law Commission and International Court of Justice as well as multilateral negotiations on reform of investor-State arbitration in Working Group III of the UN Commission on International Trade Law. He served as judge ad hoc in the Grand Chamber of the European Court of Human Rights in 2020.A generalist of broad interests and expertise, his first monograph Professional Ethics at the International Bar (Oxford University Press, International Courts and Tribunals Series, 19 September 2013) was the first comprehensive work on the subject and has been widely cited, including in proceedings before the International Tribunal for the Law of the Sea, investment arbitrations and the International Court of Justice. His second monograph The Law of State Succession: Principles and Practice will be published by Oxford University Press in April 2025. He is a Humboldt Research Fellow in Climate Change Law at the University of Kiel from 2024 to 2026. Chair: Dr Jamie Trinidad, Centre Fellow

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• 'An Institutional Theory for Corporate Law': 3CL Seminar

  Speaker: Professor Eva Micheler (LSE)Abstract: Reliance on agency-theoretic reasoning has led to substantial theoretical and empirical advances in company law scholarship, but the narrow focus on board-level actors and phenomena has disconnected the analysis of the company from the reality of the economic organisation it is meant to enable and support. We follow Oliver Williamson’s call for a ‘law, economics, and organization’ approach, and build on Elinor Ostrom’s ‘institutional analysis and development’ framework to propose a narrative model of the company in terms of nested levels of governance. We argue that our model works as a positive description of the law as it is, and puts us in a stronger position to evaluate the likely consequences of certain normative interventions, which we illustrate with some observations about ongoing debates in corporate governance.The paper is jointly written by David Gindis and Eva Micheler and can be found at Taylor and Francis Online.Eva Micheler studied law at the University of Vienna and at the University of Oxford before joining LSE Law School in 2001. She is a Professor of Law at the London School of Economics. Professor Micheler is also on the management committee of the Systemic Risk Centre at LSE. She was a TMR fellow at the Faculty of Law of the University of Oxford and teaches regularly at the University of Vienna and the Bucerius Law School in Hamburg.3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.For more information see the Centre for Corporate and Commercial Law website:http://www.3cl.law.cam.ac.uk/

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• Potential Legal Limitations on a Russia-Ukraine Peace Agreement: Gregory Fox

  Speaker: Gregory Fox, Wayne State UniversityDate: Friday Lunchtime Lecture - Friday 24 January 2025Summary: Does international law place any constraints on a possible Ukraine-Russia peace agreement? While we can only speculate about its contents, two aspects appear certain: Ukraine will be asked to relinquish (at a minimum) territory now occupied by Russia, and it will only contemplate entering into an agreement because Russia invaded its territory. Professor Fox will examine the implications of these and other factors for the validity of an agreement.Gregory H. Fox is a Professor of Law at Wayne State University School of Law, where he is the Director of the Program for International Legal Studies. Professor Fox is an elected member of the American Law Institute. He has been a Visiting Professor at the University of Michigan Law School and the Universidad Iberoamericana in Mexico City, a Visiting Fellow at the Lauterpacht Research Centre for International Law at Cambridge University, a Fellow at the Max Planck Institute for Public International Law and Comparative Public Law in Heidelberg, Germany, and a Fellow at the Schell Center for Human Rights at Yale Law School, among other institutions. Professor Fox has written widely on a variety of international law topics, including civil war peace agreements, the powers of the UN Security Council, international occupation law, international control of territory, and international efforts to promote democratic governance. His most recent article, Of Looting, Land and Loss: The New International Law of Takings, was published in Volume 65 of the Harvard International Law Journal. Professor Fox was co-counsel to the State of Eritrea in the Zukar-Hanish arbitration with the Republic of Yemen concerning the status of a group of islands in the southern Red Sea. He has also served as counsel in several human rights cases in US courts. Professor Fox was the recipient of a MacArthur Foundation/Social Science Research Council Fellowship in International Peace and Security. He began his career in the Litigation Department of the firm Hale & Dorr, now WilmerHale. He is a graduate of Bates College and New York University Law School.

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• Friday lecture: 'International Law, Marxist State Theory, and the Many Ends of Decolonization' - Prof Umut Özsu, Carleton University

  Lecture summary: Many political economists, economic historians, and historical sociologists understand the transition from the 1970s to the 1980s as involving a shift from debates about inflation, oil shocks, floating currencies, and the New International Economic Order to neoliberalism's political and ideological breakthrough, first in the industrialized states of the North Atlantic and shortly thereafter in much of the global South. By contrast, among most scholars of international law, the 1980s are remembered chiefly for signalling the effective close of the decolonization era, and with it the struggle to transform and reconstruct international law to meet the demands of 'economic' in addition to 'political' sovereignty. This talk puts these two perspectives into conversation. Drawing mainly from the work of Simon Clarke and Nicos Poulantzas, core figures in the Marxist state-theoretical debates of the 1970s and 1980s, the talk examines changes to prevailing conceptions of economic development and international human rights at the end of the decolonization era in light of broader structural changes in the juridicopolitical architecture of capitalist states.Umut Özsu is Professor of Law and Legal Studies at Carleton University. His research interests lie mainly in public international law, the history and theory of international law, and Marxist critiques of law, rights, and the state. He is the author of Formalizing Displacement: International Law and Population Transfers (OUP, 2015) and Completing Humanity: The International Law of Decolonization, 1960–82 (CUP, 2023). He is also co-editor of the Research Handbook on Law and Marxism (Elgar, 2021) and The Extraterritoriality of Law: History, Theory, Politics (Routledge, 2019), as well as several journal symposia.

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