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New York, October 10, 2012—In recognition of her contributions to the regulation of international financial markets, Columbia Law School Professor Katharina Pistor will receive the prestigious Max Planck Research Award tomorrow in Berlin.
The German-born Pistor, who established and directs the Law School’s Center on Global Legal Transformation, is one of the world’s leading authorities on the interplay among law, sovereign states, and the global financial system. She is the Michael I. Sovern Professor of Law at Columbia Law School and has been called upon to give expert opinions to the World Bank, the Asian Development Bank, and the European Bank for Reconstruction and Development.
The Max Planck Research Award is presented annually by Germany’s Max Planck Society and the Alexander von Humboldt Foundation and financed by the German Federal Ministry of Education and Research. It is one of Germany’s most valuable prizes, given to only two people annually. In addition to the prize, Pistor and her co-honoree, German economist Martin Hellwig, each will receive 750,000 euros to finance future research.
Pistor intends to use the award money to expand on two facets of her work that are already underway: analyzing the impact of financial regulatory efforts undertaken by various nations on the global financial system, and probing the limitations of emergent global property rights regimes. She plans to partner with colleagues in Germany, New York, and Oxford, and also with those in emerging markets, such as Brazil and India.
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