Catholic University law school professor David Lipton, director of its Securities Law Program, offered a series of lectures in Lisbon, Portugal, during the week of March 5-9, 2012.
His talks were delivered at the invitation of both the Securities Institute and the International Law Institute at the University of Lisbon, and were attended by undergraduate and graduate students, as well as regulators of the Portuguese banking and pension fund industries.
Professor Lipton, who arranges many similar lectures from securities practitioners for his Columbus School of Law Students, spoke to his Portuguese audience about a broad range of issues including how market disclosure, which impacts upon both domestic and foreign corporations, is designed in part to mold corporate behavior; and how technology and regulation have intersected to alter market structures.
His market structure presentations ended with a discussion of high frequency trading, a problem that currently plagues both American and foreign markets.
Lipton will be moderating a panel discussion on high frequency trading at the law school on March 26th.
His addresses in Lisbon were introduced by a number of legal dignitaries, including the former head of the Portuguese securities and exchange commission (CMVM), Antonia Soares, and Luis Morais, a leading securities transactional attorney in Portugal.
The trip to Lisbon was a return for Lipton, who first spoke in Portugal during a program arranged by his law school colleague, Professor Marshall Breger, on the financial meltdown of 2007-2008.
Lipton believes the earlier program stimulated a great deal of cross-fertilization between Portuguese and American attorneys.
“Professor Breger’s programs, much like Professor Rett Ludwikowski’s long-running Krakow program, do so much more for the schools than just the single event that occurs for a summer or a week in the spring,” said Lipton.
“Both programs lead to an expansion of our legal and cultural understanding of the home countries in which they are held,” he continued. “For me, these programs have led to the establishment of long-term personal and profession relationships for which I am very grateful.”