Katharina Pistor

KATHARINA PISTOR
Professor of Law
Columbia Law School
435 West 116th Street
New, York, NY 10027
Tel.: 212-854-0068
Fax: 212-854-7946
kpisto@law.columbia.edu

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PERSONAL

Born May 23, 1963 in Freiburg, Germany. Married to Carsten G. Bonnemann, MD.
Languages: German (native), English, Russian and French.

EMPLOYMENT

COLUMBIA LAW SCHOOL.

Professor of Law
Since January 2005

Associate Professor of Law
July 2001 – December 2004

KENNEDY SCHOOL OF GOVERNMENT, HARVARD UNIVERSITY

Assistant Professor for Public Policy
January 2000 – June 2001

MAX PLANCK INSTITUTE FOR COMPARATIVE AND INTERNATIONAL PRIVATE LAW, HAMBURG.

Research Associate
1998 – 1999

HARVARD LAW SCHOOL

Lecturer on Law
Winter 1998/99

Lecturer on Law
1994-1995

HARVARD INSTITUTE FOR INTERNATIONAL DEVELOPMENT

Research Associate
October 1995 – June 1998

CENTRAL EUROPEAN UNIVERSITY PRIVATIZATION PROJECT

Senior Research Fellow
1993-1995

VISITING POSITIONS & AFFILIATIONS

EUROPEAN CORPORATE GOVERNANCE TRAINING NETWORK. First Summer School, Amsterdam 12-21 June 2006

Visiting Professor
June 12-14 2006 (course on comparative corporate law)

INSITUTE FOR LAW AND FINANCE, Frankfurt University, Germany.

Visiting Professor
December 2004/January 2005

UNIVERSITY OF PENNSYLVANIA LAW SCHOOL
Visiting Professor
Spring Semester 2004

STUDY CENTER AT GERZENSEE, SWITZERLAND
Visiting Professor
June, 2003

EUROPEAN CORPORAGE GOVERNANCE INSTITUTE
Research Associate in Law
Since 2003

HARRIMAN INSTITUTE, COLUMBIA UNIVERSITY
Faculty Associate
Since 2002

CENTER FOR ECONOMIC POLICY RESEARCH, LONDON
Research Associate
Since 2005

EDUCATION

Dr. jur.
1998
summa cum laude

UNIVERSITY OF MUNICH, FACULTY OF LAW. Dissertation: Property Rights Reform with Institutional Investors - A Legal and Economic Analysis of Mass Privatization in Russia and the Czech Republic (in German). Supervisor: Professor Dr. Dr. Klaus J. Hopt, Director Max Planck Institute for International and Comparative Law, Hamburg.

MPA
1992-1994

KENNEDY SCHOOL OF GOVERNMENT, HARVARD UNIVERSITY. Concentration on legal and economic aspects of transition economies.

Assessor
1989-1992
with high honors

STATE OF HAMBURG. Second Juridical State Examination following three years of practical legal training.

LL.M.
1988-1989
with distinction

UNIVERSITY OF LONDON. Specialization in comparative law with special emphasis on Chinese and Soviet law.

Juridical Degree 11982-1988
With honors

UNIVERSITY OF FREIBURG. First Juridical State Examination in German law after law school training.

HONORS & Affiliations


2005	Member of the Committee on Global Thought, Columbia University
2005	Elected member of the Board, American Association of Law and Economics
2004	Research Associate, Center of Economic Policy Research (CEPR), London
2003	Research Associate, European Corporate Governance Institute
2003	Hessel Yntema Prize for Young Scholars in Comparative Law.
1992-1994	McCloy Scholar. Scholarship for two year master program at the Kennedy School of Government, Harvard University.
1988-1989	German Academic Exchange Service (DAAD) Scholarship for one year LLM program at London University.
1983-1988	German National Scholarship Foundation (Studienstiftung des deutschen Volkes). Scholarship of excellence.

INVITED LECTURES, WORKSHOPS, AND CONFERENCES

2006, April	EBRD Policy Conference: “Institutional Development, Market Integration and Growth in Emerging Markets, Tokyo (Japan) Presentation: Better Law, More Lending, Little External Firm Finance
2006, March	EHZ, Zurich and Wharton School: Conference on Alternative Views of Corporate Governance Member of Selection/Organization Committee
2006, February	University of Pennsylvania, NYU Law School, Stern School and Wharton: Annual Conference on Law and Finance Presentation of paper with Rainer Haselmann and Virkrant Vig “How Law Affects Lending”
2006, February	Columbia University, Seminar on Law, Economics and Finance Presentation of paper with Rainer Haselmann and Virkrant Vig “How Law Affects Lending”
2005, October	New York University Law School: Conference on Modeling Law Submission of memo “Modeling Law’s Multiple Functions”
2005, September	University of Kobe: International Conference on Comarative Law Keynote address on Comparative Law in a Market Society
2005, July	Stresa Lecture (Italy) on Incomplete Law
2005, May	Annual Meeting of the American Law & Economics Association in New York, Presentation of paper with Rainer Haselmann and Virkrant Vig, “Creditor Rights and Bank Behavior: Evidence from Transition Economies”
2005, February	CDAMS Workshop. Invited Speaker for Workshop “Towards an Interdisciplinary View of Comparative Law” conducted a one-day workshop on “The Transplant Effect: A New Perspective of Comparative Law; and a one -day workshop on “Incomplete Law and Fiduciary Obligations”
2004, October	Annual Meeting of the Association for New Institutional Economics, Tuscon Arizon 1-3 October Presentation of joint work with Chenggang Xu, “Enforcement Failure under Incomplete Law”
2004, September	Conference on “Changes of Governance in Europe, Japan, and the US”, co-sponsored by the Max Planck Institute for Comparative and International Private Law and the Center for German & Japanese Studies, Berlin Presentation of “The Scope of Government: Coordinated and Liberal Market Economies”
2004, May	Annual Conference on Transition Economics in Hanoi, Vietnam Presentation of “Law in Action: Understanding Creditor Rights in Transition Economies”
2004, May	Annual Meeting of the American Law & Economics Association in Chicago Presentation of joint work with Chenggang Xu, Assessing Deterrence and Regulatory Failure in Emerging Financial Markets: Lessons from China
2004, April	Conference on Globalization, Law and Development, University of Michigan Law School Presentation of joint work with Daniel Berkowitz and Johannes Moenius, “Legal Institutions and International Trade Flows”.
2004, January	International Workshop on Law and Economic Development, University of Hamburg Presentation of “The Limits of Conventional Law and Economics for Understanding Legal Institutional Change”
2003, December	Financial Market Development in Emerging and Transition Economies, the Indian School of Business and the Amsterdam Center for International Finance Research, and sponsored by the William Davidson Institute, Hyderabad, India
2003, November	Annual Meeting of the Ammerican Association of Slavic Studies, Toronto
2003, October	Conference on Bijuralism sponsored by the Canadian Government Presentation of joint work with Chenggang Xu “The Challenge of Incomplete Law – How Different Legal Systems Respond to It”
2003, September	Annual Conference of the American Law and Economics Association, Toronto Chair of sections on Comparative Law and Legal History.
2003, May	Share Price Accuracy and Transition Economies, William Davidson Institute, Ann Arbor, Michigan Presentation of joint work with Chenggang Xu: Deterrence and Regulatory Failure in Emerging Financial Markets: Comparing Russia and China Political Institutions and Economic Policy, Workshop Harvard University, Government Department Presentation of joint work with Chenggang Xu: Deterrence and Regulatory Failure in Emerging Financial Markets: Comparing Russia and China
2002, September	Workshop on Appropriate Institutions, World Bank, Washington D.C. Presentation of joint “Innovation in Corporate Law” (co-authored with Yoram Keinan, Jan Kleinheisterkamp and Mark West)
2002, June	Annual Conference on Transition Economies Center for Economic Policy Research (CEPR) and CEFIR, Riga
2002, Spring	Law and Economic Seminars at Vanderbilt, Yale, Columbia, and NYU Law Schools

2001/2002	Global Markets, Domestic Institutions: Corporate Law and Governance in a New Era of Cross-Border Deals Authors’ Workshop 26-27 October 2001, Columbia Law School Conference, 5-6 April 2001, Columbia Law School Presentation joint work with Chenggang Xu, Fiduciary Duty in (Transitional) Civil Law Jurisdictions – Lessons from the Incompleteness of Law Theory
2001, December	Third Annual Global Development Conference Rio de Janeiro, Brazil Presentation: Understanding Law Reform; panel discussion “Global Research Project”
2000, March	G-24 Technical Group Meeting, Lima Peru Presentation: The Standardization of Law and its Effect on Developing Economies
2000, July	Annual Conference on Transition Economies Center for Economic Policy Research (CEPR) and RECEP, Moscow Presentation: Law and Finance in Transition Economies (co-authored with Martin Raiser and Stanislaw Gelfer)
2000, June	Constitutions in Transition Economies Conference at Wissenschaftskolleg, Berlin Presentation: The Demand for Constitutional Law
2000, June	Company Groups in Transition Economies Max Planck Institute for International and Comparative Private Law, Hamburg Co-organizer of conference with Klaus J. Hopt and Christa Jessel-Holst Presentation: Company Groups in Transition Economies: A Case for Regulatory Intervention?
1999, March	The Value of Law in Transition Economies IRIS and Brookings Institute, Washington Presentation: Law as a Determinant for Equity Market Development: The Experience of Transition Economies
1999, June	Governance, Equity and Global Markets Annual Bank Conference on Development Economics in Europe, Paris Presentation: The Evolution of Legal Institutions and Economic Regime Change
1999, September	Corporate Governance: Lessons from Transition Economies University of Michigan, Ann Arbor and Davidson Institute Commentator on papers given by Michael Heller and Meritt Fox; and Bernard Black, Reinier Kraakman and Anna Tarassova
1999, September	Research Seminar: The World Bank Presentation: Economic Development, Legality and the Transplant Effect (co-authored with Daniel Berkowitz and Jean-François Richard)
1998, May	The Role of Law and Legal Institutions in Asian Economic Development Council on Foreign Economic Relations Presentation: Findings of comparative studies of research study sponsored by the Asian Development Bank (co-authored with Philip Wellons et al.)
1998, May	Employees and Corporate Governance Columbia Law School Presentation: Codetermination in Germany: A Socio-Political Model with Governance Externalities

EDITORIAL FUNCTIONS

European Business Organization Law Review
Member of Editorial Board

American Journal of Comparative Law
Member of Editorial Board

Abstract Journal on www.ssrn.com: Law, Institutions and Development
Co-editor with Kevin Davis

REFEREE Work

The International Review of Law and Economics
The Journal of Institutional and Theoretical Economics
The Journal of Economic Literature
The Journal of Legal Studies
The Quarterly Journal of Economics
The Review of Economics and Statistics
The World Bank Research Department
Princeton University Press
Chicago University Press
Aspen Publishers

WRITINGS (in chronological order)

Unpublished Working Papers

Who Tolls the Bells for Firms? Tales from Transition Economies
with Rainer Haselmann and Vikrant Vig, “How Law Affects Lending” (submitted for publication)
with Chenggang Xu, “Enforcement Failure under Incomplete Law: Theory and Evidence from Financial Market Development”.

Publications in Journals (including accepted papers)

“The Law and the Non-Law”, Michigan Journal of International Law (2006) Vol. 27, No. 3.

Dan Berkowitz and Johannes Moenius, "Trade, Law and Product Complexity", (2006) Review of Economics and Statistics, 2006 (March).
with Dan Berkowitz and Johannes Moenius, “Legal Institutions and International Trade Flows”, University of Michigan International Law Review, (2005) Vol. 26 (1): 163-198.

with Chenggang Xu, “Governing Stock Markets in Transition Economies: Lessons from China” American Review of Law and Economics, (2005) Vol. 7 (1) pp. 184-210.

with Chenggang Xu, “Incomplete of Law” New York University Journal of International Law and Politics(2003) 35 (4): 931-1013.

with Yoram Keinan, Jan Kleinheisterkamp and Mark West, "Innovation in Corporate Law", 31 (4) Journal of Comparative Economics (2003), 676-694.

with Dan Berkowitz, Jean-François Richard, “The Transplant Effect", American Journal of Comparative Law (2003) 51 (2): 163-203.

with Dan Berkowitz, Jean-François Richard, “Economic Development, Legality, and the Transplant Effect,” European Economic Review (2003) 47: 165-195.

with Yoram Keinan, Jan Kleinheisterkamp and Mark West, "Legal Evolution and the Transplant Effect", World Bank Research Observer (2003) 18 (1): 89-112.

with Yoram Keinan, Jan Kleinheisterkamp and Mark West, "The Evolution of Corporate Law", Pennsylvania Journal of International Economic Law (2002): 23 (4) 791-871.

“The Standardization of Law and Its Effect on Developing Economies,” American Journal of Comparative Law (2002) 50: 101-134.

“The Demand for Constitutional Law,” Constitutional Political Economy (2002) 13: 73-87.

with Klaus J. Hopt “Company Groups in Transition Economies: A Case for Regulatory Intervention?,” European Business Organization Law Review (2001) 2: 1-43.

with Martin Raiser and Stanislaw Gelfer, “Law and Finance in Transition Economies,” The Economics of Transition (2000) 8: 325-368.

“Patterns of Legal Change: Shareholder and Creditor Rights in Transition Economies,” European Business Organization Law Review (2000) 1: 59-110.

“The Supply and Demand for Law: Comment on Hendley,” East European Constitutional Review (1999) 8: 105-108

“Supply and Demand for Contract Enforcement in Russia: Courts, Arbitration, and Private Enforcement,” Review of Central and East European Law (1996) 22: 55-87.

Chapters in Books (including forthcoming chapters)

“Legal Ground Rules in Coordinated and Liberal Market Economies”, in Klaus Hopt, Eddy Wymeersch, Hideki Kanda, Harald Baum, Corporate Governance in Context: Corporations, States and Markets in Europe, Japan, and the United States, Oxford University Press, 2006.
with Chenggang Xu, “The Challenge of Incomplete Law and How Different Legal Systems respond to It”, forthcoming in Proceedings of the Conference on Bijuralism, Toronto, October 2003 edited by Andre Breton and Anne des Ormeaux (forthcoming 2006)
"Enhancing Corporate Governance in the New Member States: Does EU Law Help?" in Bermann, George and Katharina Pistor Law and Governance in an Enlarged Europe, Hart Publishing (2004), 339-368.
with Chenggang Xu, "Beyond Law Enforcement: Financial Market Regulation in China and Russia", in Kornai, Janos and Susan Rose-Ackerman, Building a Trustworthy State, Palgrave: 2004.

with Chenggang Xu, “Fiduciary Duties in (Transitional) Civil Law Jurisdictions - Lessons from the Incompleteness of Law Theory,” in Mildhaupt, Curtis (ed.), Global Markets, Domestic Institutions: Corporate Governance in a New Era of Cross-Border Deals (New York: Columbia University Press, 2003), 77-106.

“Law as a Determinant for Equity Market Development: the Experience of Transition Economies”, in Murell, Peter (ed.), The Value of Law in Transition Economies”, Ann Arbor: University of Michigan Press, 2001: 249-287.

“The Evolution of Legal Institutions and Economic Regime Change,” Governance, Equity and Global Markets - Proceedings of the Annual Bank Conference on Development Economics in Europe, ed. Pleskovic et al. (Paris: La documentation Française, 2000), 119-128.

“Codetermination in Germany: A Socio-Political Model with Governance Externalities,” Employees and Corporate Governance, ed. Blair, and Roe (Washington D.C.: Brookings Institute, 1999): 163-193.

“Aktien und Kredite als Instrumente der Unternehmensführung und Unternehmenskontrolle - ein vergleichender Überblick,” Systemtransformation in Mittel- und Osteuropa und ihre Folgen für Banken, Börsen und Kreditsicherheiten, ed. Drobnig et al. (Tübingen: Mohr Siebeck, 1998), pp. 109-134.

with Jeffrey D. Sachs “Introduction: Progress, Pitfalls, Scenarios, and Lost Opportunities,” The Rule of Law and Economic Reform in Russia, ed. Sachs, and Pistor (Boulder, Co.: Westview Press, 1997): 1-21.

with Andrew Spicer, “Investment Funds in Mass Privatization and Beyond,” Between State and Market: Mass Privatization in Transition Economies, ed. Lieberman, Nestor, and Desai (Washington, D.C.: The World Bank, 1997).

“Company Law and Corporate Governance in Russia,” The Rule of Law and Economic Reform in Russia, ed. Sachs, and Pistor (Boulder, Co: Westview Press, 1997): 165-187.

with Roman Frydman and Andrzej Rapaczynski, “Investing in Insider-Dominated Firms: A Study of Russian Voucher Privatization Funds,” Corporate Governance in Central Europe and Russia, ed. Frydman, Gray, and Rapaczynski (Budapest, London, New York: CEU Press, 1996) 1: 187-241.

with Joel Turkewitz, “Coping with Hydra - State Ownership After Privatization,” Corporate Governance in Central Europe and Russia, ed. Frydman, Gray, and Rapaczynski (Budapest, London, New York: CEU Press, 1996) 2: 192-246.

“Transfer of Property Rights in Eastern Europe,” in The New Palgrave on Economics and the Law, ed. Newman (London, New York: MacMillan, 1998).
Privatization and Corporate Governance in Russia: An Empirical Study,” Privatization, Conversion and Enterprise Reform in Russia., ed. McFaul, and Pelmutter (Boulder, Co: Westview Press, 1995): 69-84.

Books and edited Books (including forthcoming books)

with George Bermann, “Law and Governance in an Enlarged Europe”. Hart Publishers, 2004.
“Eigentumsreform mittels institutioneller Investoren: Eine rechtsökonomische Analyse der Massenprivatisierung in Rußland und der Tschechischen Republik,” (Berlin: Duncker & Humblot, 2000).

with Philip Wellons, “The Role of Law and Legal Institutions in Asian Economic Development,” (Hong Kong: Oxford University Press, 1999).

with Jeffrey D. Sachs (eds.) “Rule of Law and Economic Reform in Russia,” Boulder, Col: Westview Press, 1997)

Unpublished Reports

“Advancing the Rule of Law”, Report on the Symposium hosted by the American Bar Association in November 2005.
“Law Meets the Market: Matches and Mismatches in Transition Economies,” (Washington, D.C.: The World Bank, 1995).