Posted: February 20th, 2017 | By: Lisa Snedeker
Wake Forest Law Review 2017 Spring Symposium — the journal’s 25th biennial Business Symposium — will focus on “The Future of Sovereign Wealth Funds” (SWFs), which have emerged over the past decade as an important new force in global finance.
The event, which is free and open to the public, is scheduled to begin at 8:30 a.m. on Friday, March 24, 2017, in the Worrell Professional Center, Room 3221. Approval of free Continuing Legal Education credit from the North Carolina Bar is pending.
The symposium will explore the legal and financial future of SWFs — including for the states that fund them, the countries and companies in which they invest, and the (emerging) systems of hard and soft law that govern their activities.
As state-owned financial intermediaries, SWFs have both unique funding sources and investment goals, explains Symposium Editor Sarah Saint (JD ’17). “Whether funded by oil revenues or excess export earnings, SWFs have tended to allocate their investment portfolios across assets classes, regions and industries in ways different from other financial intermediaries. In short, SWFs represent a new and largely unregulated investor paradigm.”
The schedule follows
8:30 a.m. — Continental Breakfast
9 a.m. — Dean’s Welcome
- Dean Suzanne Reynolds, Dean, Wake Forest University School of Law
9:10 a.m. — Introductory Remarks
- Alan Palmiter, Howard L. Oleck Professor of Business Law, Wake Forest University School of Law
- Morning Panel Moderator: Kish Parella, Associate Professor of Law, Washington and Lee University School of Law
9:20 a.m. — The Role and Future of Sovereign Wealth Funds: A Trade and Investment Perspective
- Locknie Hsu, Professor of Law, Singapore Management University
9:45 a.m. — Sovereign Wealth Fund Transparency and Accountability
- Edwin Truman, Senior Fellow, Peterson Institute for International Economics
10:10 a.m. – The Problem of Sovereign Wealth Fund Transparency in European Union Financial Markets: The European Rules on Institutional Investors and the Italian Perspective
- Enrico Ginevra, Professor of Law, University of Bergamo
10:35 a.m. — Morning Break
10:55 a.m. — U.S. Financial Regulation of Sovereign Wealth Funds
- David Freeman, Partner, Arnold & Porter Kaye Scholer
11:20 a.m. – International Relations and Sovereign Wealth Funds’ Political Value: Evidence from a Quasi-Natural Experiment
- William Megginson, Professor and Price Chair in Finance, University of Oklahoma Michael F. Price College of Business
11:45 a.m. — Sovereign Wealth Management 2.0: Financing Growth and National Competitiveness
- Patrick Schena, Adjunct Assistant Professor of International Business Relations, Tufts University Fletcher School
12:10 p.m. Lunch
- Presenters, Wake Forest Law School professors, and Law Review Editors
Afternoon Panel Moderator: Alan Palmiter, Howard L. Oleck Professor of Business Law, Wake Forest University School of Law
1:30 p.m. – Investing in Sustainability or Feeding on Stranded Assets? The Norwegian Government Pension Fund Global
- Beate Sjåfjell, Faculty of Law, University of Oslo
1:55 p.m. — Sovereign Wealth Funds Investing in Germany: Public Policy-Restrictions or Free Movement of Capital?
- Marc-Philippe Weller, Professor of Law, Heidelberg University
2:20 p.m. — What Responsibilities Do Sovereign Funds Have to Other Investors?
- Paul Rose, Frank E. and Virginia H. Bazler Designated Professor in Business Law, Ohio State University Moritz College of Law
2:45 p.m. — Afternoon Break
3:05 p.m. – Sovereign Wealth Funds, Capacity Building, Development, and Governance
- Larry Catá Backer, W. Richard and Mary Eshelman Faculty Scholar, Penn State Law
3:30 p.m. — Sovereign Wealth and Social Responsibility
- Chris Thomale, Professor of Law, University of Heidelberg
3:55 p.m. — Closing Remarks