Details Veranstaltungen

15 May 2019
18:15 - 19:30

Dr. Tizian Troxler, LL.M. (Harvard)
WWZ-Auditorium, Peter Merian-Weg 6, Basel

Public lecture: «THE ECONOMIC STRUCTURE OF BUSINESS TRANSACTIONS»

Professor Michael Klausner
Nancy and Charles Munger Professor of Business and
Professor of Law at Stanford Law School

«THE ECONOMIC STRUCTURE OF BUSINESS TRANSACTIONS»

Business transactions are notorious for their complexity, both in their structure and their
contractual language. Underlying the complexity, however, there is an economic logic.
The terms of business transactions respond to a common set of economic challenges—
for example, a buyer’s relative lack of information regarding the quality of goods or
services that a seller proposes to provide, or the inability of one or both parties to specify
precisely what will be provided. Business lawyers and their clients devise transactional
mechanisms that respond to these challenges. Over their careers, experienced lawyers
develop intuitions and transactional tools that often serve them well. Professor Klausner
will demonstrate, however, that a more explicit understanding of transactional
economics can be helpful in designing and implementing complex transactions. He will
do so by applying economic concepts to the analysis of actual transactions involving, for
example, “rights of first refusal”, "tag-along rights”, “drag-along rights", and other
transactional mechanisms.

All interested persons are invited to join the lecture and the subsequent reception.
Registration is not required.


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