IE Law School


The Pérez-Llorca / IE chair organizes two different kinds of activity:

  • Lectures: guest lecturors with an international profile and renowned  in their own professional fields will be invited to lecture at the research Chair. Some of the topics that are of interest to this Chair are: European economic government, corporate governance regulation, regulatory bodies such as the Banco de España (Bank of Spain), the Comisión Nacional del Mercado de Valores (National Stock Market Comission), the Comisión Nacional de Defensa de la Competencia (National Competition Comission) and International Arbitration and the European Central Bank.
  • Research seminars: running at the same time as the lectures, and following the same framework, the chair will organize research seminars. These seminars will be discussion and presentation forums for research papers by the members of the team of professors. The research seminars will be attended by professors, students and lawyers in order to debate the working papers prior to their publication. 
Panel Discussion: "Corporate Governance in listed companies: a US and a European perspective"

 New York had the pleasure of hosting the Perez- Llorca Chair/IE Commercial Law lecture for the second time in honor of a seminar celebrated in conjunction with the North American Law Firm Willkie Farr & Gallagher LLP. The guest lecturers focused on the new corporate governance in listed companies from a US and European point of view. More specifically, they analyzed the changes occurring to the company’s Board of Directors and how relationships with their shareholders are evolving.

The conference was presented and moderated by Sara Sánchez, IE Law Professor, and included guest speakers Steven J. Gartner, Chairman at Willkie Farr & Gallagher LLP andPedro Pérez-Llorca, Managing Partner at Pérez-Llorca.  The event commenced by presenting the most coming demands made by the most active and influential shareholders in the listed companies when deciding where to invest.  Both guest speakers agreed that majority shareholders, both in Europe and the United States, are requesting to have more control over the managers of the listed companies. This, at times, has led the investors to request a seat on the Board of Directors in exchange for their investment.

A discussion followed concerning the manager’s remuneration, where special emphasis was placed on the importance of the relationship between the investor and the Board of Directors, the strategies utilized by investment funds when investing in listed companies, and tactics employed in order to increase their influence over the company’s corporate governance.  Moreover, they briefly spoke about the influence a majority shareholder can access over the company’s operations and the obligations and limitations imposed upon the funds in order to avoid possible conflicts of interest.  Lastly, Mr. Pérez-Llorca and Mr. Gartner discussed a matter of great importance; the liability of the directors, including the investors when they have access to the Board. 

The seminar concluded with a question and answer session between the speakers and attendees. This was the second Commercial Law Seminar held by Pérez-Llorca and the IE Chair in New York City and the third in the United States, following a successful event this past May in Miami in conjunction with Akerman LLP.

International Arbitration in commercial transactions in Cuba, Spain and the United States: Where are we heading?

 The city of Miami hosted the latest event of the Pérez-Llorca/IE Chair on Commercial Law, which reflected on international arbitration in M&A transactions and the current status of and prospects for relations between Spain, the United States and Cuba from a commercial standpoint. Félix J. Montero, Litigation and Arbitration Partner at Pérez-Llorca, opened the event and acted as a speaker along with Ivan Delgado, Resident Partner of Pérez-Llorca’s New York office; Pedro A. Freyre, Chair of the International Practice at Akerman LLP; and Marco de Benito, a lecturer at IE Law School. George Volsky, Litigation Partner at Akerman LLP, moderated the final debate.

Félix J. Montero and Marco de Benito gave a brief overview of the most important legal aspects in international arbitrations related to M&A transactions, the most common types of disputes and their specific characteristics (pre-closing/post-closing), as well as the preventive measures to avoid disputes in this type of transaction or, where possible, to facilitate the resolution of disputes.

Iván Delgado and Pedro A. Freyre reviewed both the current state of relations between Spain and Cuba, and between the United States and Cuba, and the legislation and trade agreements that exist between these three countries. They then analysed some of the most important issues related to undertaking projects in Cuba from the perspective of investors, such as the possibility of investing through a Spanish entity holding foreign securities (Entidad de Tenecia de Valores Extranjeros, ETVE), and the willingness of the Cuban authorities to welcome foreign investment projects.

After the presentations, George Volsky moderated a lively debate between the speakers and the attendees, which included representatives from the American and Spanish legal and business world.

This is the second Chair that Pérez-Llorca and IE have organised in the United States, following the opening of the firm’s New York office in October 2015. A Chair event was held in the city in June 2016 under the title ‘Investment Opportunities in the Spanish Renewable Energy Sector’.

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