July 29, 2009
Professors Michael Malloy and John Sims delivered papers at the 6th International Conference on Law on July 21 at the St. George Lycabettus Hotel in Athens, Greece. The four-day conference, sponsored by the Athens Institute for Education and Research, brought together legal educators from around the world.
Malloy spoke on “The International Financial Crisis and Nation-Based ‘Prudential Regulation’,” exploring the extent to which the current financial crisis, with its broad international repercussions, has prompted coordinated and/or harmonized responses among affected states, and whether this may lead to expanded regulatory cooperation for the future. His paper argues that global crisis involves still fundamentally national economies that defer to national regulatory interests, making international resolution near impossible.
John Sims lectured on “The Ever-Evolving Processes for Enforcing the Judgments of the European Court of Human Rights.” The Strasbourg-based court consists of a number of judges equal to the number of contracting parties, which currently stands at 47. He explained the relationship between the 50-year-old court and the Council of Europe member states, likening the difficulty enforcing the court’s decisions to the historic legal tension between the United States federal government and its 50 states.