This year, Baker McKenzie is awarding the Baker McKenzie Prize to two outstanding theses in the field of commercial law, written under the auspices of the Goethe University's Law Department. The prize was awarded to Dr. Biljana Biljanovska and Dr. Freya Carolin Nelson for their doctoral dissertations. Dr. Matthias Scholz, Managing Partner of Baker McKenzie Germany, will present the prize today during the doctoral awards ceremony of the law department at the Westend Campus of the Goethe University.

Dr. Biljana Biljanovska receives the award for her dissertation "The EU Supervisory and Resolution Framework for Banks: An Inquiry into the Complexity and Instability of Bank Groups". "The most important contribution of the dissertation is the careful and nuanced understanding of the interaction between legal structure and regulatory effectiveness of banking regulation in the EU. Biljana Biljanovska's work at the European Banking Authority enabled her to examine and illuminate the complex interplay between the structure of banking groups and the legal and regulatory arbitrage techniques they employ, as well as the supervisory responses to the effects of these strategies," said the thesis advisor, Prof. Dr. Katharina Pistor, a professor at Columbia University in New York.

Dr. Freya Carolin Nelson receives the award for her dissertation "Die öffentlichen Förderbanken in Deutschland - Rechtliche Grundlagen, öffentlicher Auftrag und staatliche Absicherung, staatliche Einflussnahme und Kontrolle sowie bankaufsichtsrechtliche Vorgaben" ("The public development banks in Germany - legal foundations, public mandate and state protection, state influence and control as well as bank supervisory requirements"). The supervisor of the award-winning thesis, Prof. Dr. Dr. h.c. Helmut Siekmann, Institute for Monetary and Financial Stability (IMFS) at Goethe University, points out the heterogeneity and complexity of the subject matter: "Public development banks are organized very differently, and each institution has its own legal regime. To work through this comprehensively from a legal point of view is an extraordinarily demanding task, which requires a broad overview of different areas of law, as well as being able to confidently master difficult individual problems that are interwoven across legal fields." The author has mastered this task with flying colors.

"Since 1988, our firm has honored dissertations and professorial theses which highlight a commercial law issue, and which are evaluated as 'summa cum laude'. The award, which is endowed with 6,000 euros, is an expression of our close ties with the Goethe University and is an important part of our efforts to promote legal talent," says Dr. Matthias Scholz. Previous awardees include current university professors, as well as corporate lawyers, investment bankers, judges, and lawyers.
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