Professor Carsten Gerner-Beuerle

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About
Carsten is a Professor in the Law School. Before joining LSE, he held positions at University College London, King’s College London, and Humboldt University Berlin. Carsten's research focuses on corporate governance, securities regulation, and law and finance. He studied law and economics at Humboldt University Berlin and the University of London, held visiting positions at various institutions in Europe and the United States, including Trinity College Dublin, the Max Planck Institute for Research on Collective Goods, Heidelberg University, and Duke University, and is currently a Global Distinguished Professor of Law at Notre Dame Law School. He has prepared studies for the European Commission and the European Parliament on the reform of corporate governance, financial regulation, and private international law, is admitted to the bar in Germany and the UK and is a research member of the European Corporate Governance Institute (ECGI).
Research
Publications
- Comparative Company Law (with Michael Schillig), Oxford: Oxford University Press 2019, 1010 + lxx pages
- Die Außenhaftung von Emissionskonsortien [Liability of Underwriting Syndicates in Public Offerings], Berlin, New York: De Gruyter 2009, 613 pages
- Gore-Browne on EU Company Law (general editor), Bristol: Jordans/LexisNexis 2010-2022, loose-leaf, c. 1,000 pages
- The Private International Law of Companies in Europe (with Federico Mucciarelli, Edmund-Philipp Schuster and Mathias Siems), Baden-Baden, Munich, Oxford: C.H. Beck, Nomos and Hart Publishing 2019, 770 + xx pages
- Noisy but Valid: Robust Statistical Evaluation of LLMs with Imperfect Judges (with Chen Feng, Minghe Shen, Ananth Balashankar, and Miguel Rodrigues), Proceedings of the 14th International Conference on Learning Representations (ICLR), 2026
- PROSAC: Provably Safe Certification for Machine Learning Models under Adversarial Attacks (with Chen Feng, Ziquan Liu, Zhuo Zhi, Ilija Bogunovic, and Miguel Rodrigues), Proceedings of the 39th AAAI Conference on Artificial Intelligence, 2025, 2933-2941
- Competition and redistribution in Economic and Monetary Union, Maastricht Journal of European and Comparative Law 2024, 31(6), 691-708
- Delisting costs and corporate mobility in Europe (with Jonathan Chan), European Company and Financial Law Review 2024, 21(3-4), 367-397
- Algorithmic trading and the limits of securities regulation, European Company and Financial Law Review 2021, Special Volume 5: Digital Finance in Europe, 109-140
- Consistency and coherence in adjudicating the ECB’s unconventional monetary policy (with Esin Küçük), International & Comparative Law Quarterly 2021, 70(4), 859-893
- Making the case for a Rome V Regulation on the law applicable to companies (with Federico Mucciarelli, Edmund-Philipp Schuster and Mathias Siems), Yearbook of European Law 2020, 39, 459-496
- The illusion of motion: Corporate (im-)mobility and the failed promise of Centros (with Federico Mucciarelli, Edmund-Philipp Schuster and Mathias Siems), European Business Organization Law Review 2019, 20(3), 425-465
- Why do businesses incorporate in other EU Member States? An empirical analysis of the role of conflict of laws rules (with Federico Mucciarelli, Edmund-Philipp Schuster and Mathias Siems), International Review of Law and Economics, 56(2018), 14-27
- Cross-border reincorporations in the European Union: The case for comprehensive harmonisation (with Federico Mucciarelli, Edmund-Philipp Schuster and Mathias Siems), Journal of Corporate Law Studies 2018, 18(1), 1-42
- Law and finance in emerging economies: Germany and Britain 1800-1913, Modern Law Review 2017, 80(2), 265-300
- Diffusion of regulatory innovations: The case of corporate governance codes, Journal of Institutional Economics 2017, 13(2), 271-303
- Costs of separation: Friction between company and insolvency law in the single market (with Edmund-Philipp Schuster), Journal of Corporate Law Studies 2014, 14(2), 287-332
- The evolving structure of directors’ duties in Europe (with Edmund-Philipp Schuster), European Business Organization Law Review 2014, 15(2), 191-233
- Law meets economics in the German Federal Constitutional Court: Outright monetary transactions on trial (with Esin Küçük and Edmund-Philipp Schuster), German Law Journal 2014, 15(2), 281-320
- United in diversity: Maximum vs. minimum harmonisation in EU securities regulation, Capital Markets Law Journal 2012, 7(3), 317-342
- Shareholders between the market and the state: The VW Law and other interventions in the market economy, Common Market Law Review 2012, 49(1), 97-143
- Is the board neutrality rule trivial? Amnesia about corporate law in European takeover regulation (with David Kershaw and Matteo Solinas), European Business Law Review 2011, 22(5), 559-622
- Private rights of action in cases involving transnational securities fraud: The view from England, France and Germany (with Alain Pietrancosta, Peter Mankowski and Lee D. Neumann), Revue Trimestrielle de Droit Financier 2011, No. 1/2, 66-79
- The mysteries of freedom of establishment after Cartesio (with Michael Schillig), International & Comparative Law Quarterly 2010, 59(2), 303-323
- In search of rationality in company law, Modern Law Review 2010, 73(6), 1048-1075
- Underwriters, auditors, and other usual suspects: Elements of third party enforcement in US and European securities law, European Company and Financial Law Review 2009, 6(4), 476-515
- The market for securities and its regulation through gatekeepers, Temple International & Comparative Law Journal 2009, 23(2), 317-377
- Delisting Rules and EU Capital Markets Integration (with Jonathan Chan), in: Vassilios Tountopoulos and Rüdiger Veil (eds.), Delisting of Stock Corporations in Europe and Beyond: Rationales, Forms, and Perspectives, Hart Publishing, forthcoming, 2025, c. 35 pages
- Market Abuse Directive and Market Abuse Regulation, in: Matthias Lehmann and Christoph Kumpan (eds.), Financial Services Law - vol. 3 of International and European Business Law, C.H. Beck, Nomos and Hart Publishing, 2nd edition 2025, pp. 630-792
- The origin of corporate power in major corporate law systems (with Caroline Coupet), in: Caroline Coupet (ed.), Le Droit Français des Sociétés: Bilan et Perspectives, Dalloz 2025, pp. 2-18
- Regulating Automated Trading, in: Iain MacNeil and Iris H.-Y. Chiu (eds.), Elgar Research Handbook on Global Capital Markets Law, Edward Elgar 2023, pp. 203-217
- Directors’ liability, in: Hanne Birkmose, Mette Neville & Karsten Engsig Sørensen (eds.), Instruments of EU Corporate Governance: Effecting Changes in the Management of Companies in a Changing World, Kluwer Law International 2023, pp. 339-368
- The duty of care and the business judgment rule: A case study in legal transplants and local narratives, in: Afra Afsharipour and Martin Gelter (eds.), Comparative Corporate Governance, Edward Elgar 2021, pp. 220-241
- Of convergent evolution and legal transplantation: The international diffusion of the duty of care and the business judgment rule, in: Gregor Bachmann et al. (eds.), Festschrift für Christine Windbichler [Liber Amicorum for Christine Windbichler], De Gruyter 2020, pp. 679-698
- Market Abuse Directive and Market Abuse Regulation, in: Matthias Lehmann and Christoph Kumpan (eds.), Financial Services Law - vol. 3 of International and European Business Law, C.H. Beck, Nomos and Hart Publishing 2019, pp. 624-641 and 645-779
- Germany country report (with Mathias Siems), in: Carsten Gerner-Beuerle et al. (eds.), The Private International Law of Companies in Europe, C.H. Beck, Nomos and Hart Publishing 2019, pp. 385-414
- Disclosure regulation and the rise of capital markets: 19th century Britain and Germany compared, in: Robin H. Huang and Nicholas C. Howson (eds.), Enforcement of Corporate and Securities Law: China and the World, Cambridge University Press 2017, pp. 43-
- The contractual structure of executive remuneration in the UK, in: Christoph Van der Elst (ed.), Executive Directors’ Remuneration in Comparative Corporate Perspective: The Regulatory Framework, Kluwer Law International 2015, pp. 73-98
- Mapping directors’ duties: The European landscape (with Edmund-Philipp Schuster), in: Hanne Birkmose, Mette Neville & Karsten Engsig Sørensen (eds.), Boards of Directors in European Companies, Kluwer Law International 2013, pp. 13-55
- Chapters 1 (Introduction), 12 (Takeovers), 13 (Market Abuse), and 15 (Transparency) in: Carsten Gerner-Beuerle and Stuart Fleet (eds.), Gore-Browne on EU Company Law, Jordans/LexisNexis 2011-2022, each chapter c. 25 pages
- Chapters 2 (The European Framework), 32 (General Disclosure Requirements – European Framework), 38 (Quoted Companies – European Framework), and 44 (Europe and Takeovers) in: The Rt Hon The Lord Millett, Michael Todd QC, and Alistair Alcock (eds.), Gore-Browne on Companies, Jordans/LexisNexis 2010-2019, each chapter c. 20-25 pages
- Recht, Effizienz und Calabresis Trugschluss [Law, efficiency, and Calabresi’s fallacy], in: S. Grundmann et al. (eds.), Unternehmensrecht zu Beginn des 21. Jahrhunderts. Festschrift für Eberhard Schwark [Business Law at the Beginning of the 21st Century. Liber Amicorum for Eberhard Schwark], C.H. Beck 2009, pp. 3-20