17 March 2017
Institute of Global Law, Economics and Finance (IGLEF) organised a roundtable on ‘bail-in’. The event was titled ‘Is Bail-in the Answer to All of our Problems?: A Multidisciplinary and Multijurisdictional Approach’, and was chaired by Professor Rodrigo Olivares-Caminal, Co-Director of IGLEF. The four panelists were: Dr. Marco Bodellini (Adjunct Professor of Business Law at the University of Bologna – Italy), Dr. Huachun Guo (Associate Professor of Financial Law at ECUPL – China), Dr. Andrea Miglionico (Lecturer of Financial Law at University of Reading – UK ), and Prof. Gi Jin Yang (Professor of Financial Law at Chonbuk National University – South Korea).
The roundtable addressed a current topic from a multidisciplinary and multijurisdictional approach. The speakers dealt with the main aspects of bail-in, looking at diverse approaches from different jurisdictions. In particular, Dr. Bodellini analysed the main weaknesses of the bail-in tool arguing that it is likely not to be enough to end up public bail-outs. In turn, Dr. Guo looked into the application of bail-in in cross-border insolvency situations. Dr. Miglionico focused on the Monte dei Paschi di Siena case. Finally, Prof. Yang presented the most salient features of bail-in and the wide use cocos in Korea.