First ILS Lunch Seminar of this academic year with Clare Fenwick and Ilya Kokorin
After the summer break, the ILS Lunch Seminar series is back for its fourth and final year. These monthly seminars present the perfect opportunity to unite the different institutes situated within Leiden Law School and have steadily developed into somewhat of a tradition. On Thursday 19 September 2019, Clare Fenwick and Ilya Kokorin will give presentations on ‘Intra-EU Labour Migration’ and ‘Bankruptcy of Cryptocurrency Exchanges’.
Clare Fenwick is a PhD Candidate in the project SOLID at the Department of Economics, which is part of the interdisciplinary research project Interaction Between Legal Systems (ILS) 2.0. During this ILS Lunch Seminar, she will give a presentation on “Intra-EU Labour Migration and the Welfare State”. Whilst it has been demonstrated and politically contested that immigration affects national welfare states within the European Union, it is still not fully understood why and how this happens. One of the reasons is a lack of readily-available, detailed, and accurate data for cross-country comparison. In her presentation, Fenwick will discuss the main limitations of currently available data on intra-EU labour migration and present how to more effectively analyse this problem. More information can be found in the abstract underneath
The second presentation will be given by Ilya Kokorin, PhD Candidate at the Department of Financial Law on “Bankruptcy of Cryptocurrency Exchanges and Implications for Crypto Investors”. Even though the market for cryptocurrencies is highly unstable, the holdings of crypto-assets remain substantial. This leads to various types of technological and legal risks for crypto-investors, linked to different types of crypto assets. In his presentation, Kokorin will discuss these risks and explain how to minimize them. Moreover, he will go into the current practices regarding the available legal remedies. More information can be found in the abstract underneath.
This ILS Lunch Seminar will take place on Thursday 19 September 2019, from 13:00 until 14:00 hrs. in KOG A0.08. Lunch is provided and there is no need to register, just join!
Clare Fenwick: “Intra-EU Labour Migration and the Welfare State”.
Freedom of movement is a fundamental principle of the European Union (EU) and yet this key pillar of European integration has become a topic of controversy as member states find their welfare states and labour markets under pressure. Whilst it has been demonstrated and politically contested that immigration affects national welfare states, it is still not fully understood why and how this happens. One of the reasons for this is that, despite the depth of the political debate on freedom of movement and the academic attention for it, there is a lack of readily-available, detailed, and accurate data for cross-country comparison. While this may seem surprising at first, there are a number of real-world challenges that face the collection of migration data, which means that the currently available data has a number of limitations in practice. In this presentation, I aim to communicate the main limitations of currently available data on intra-EU labour migration and present one way in which we have sought to fill the gap in order to more effectively analyse questions such as ‘How does EU labour migration structurally challenge and change the organisation and conceptual boundaries of national welfare states in Europe?’.
Ilya Kokorin: “Bankruptcy of Cryptocurrency Exchanges and Implications for Crypto Investors”.
These days there is hardly anyone who has not heard of cryptocurrencies (like bitcoin (BTC)) or the blockchain technology underlying them. The market for cryptocurrencies is highly unstable, with the price of bitcoin reaching USD 19,800 in December 2017, falling to USD 3,200 in December 2018 and raising up again to the level of USD 12,500 in July 2019. Nevertheless, the holdings of crypto-assets remain substantial.
Proliferation of various types of crypto-assets may create risks for crypto-investors, i.e. persons acquiring crypto-assets to use for the purchase of other crypto-assets, services/products in the “real” world or just as a storage of value. These risks can be technological or legal.
Imagine the following. As a crypto-investor, you invest in bitcoin and use the services of an exchange (e.g. Coinbase, Kraken or the like) – you open a wallet and deposit some BTC on it. Now, imagine that due to a hack or managerial abuse, the crypto-exchange loses BTC and declares bankruptcy. What rights do you have – are you entitled to request for the return of “your” bitcoins or can you only file a personal claim against the exchange (e.g. based on damages)? What is the current practice on this issue (e.g. from Japan and Italy)? What can you do to protect yourself and minimise risks arising from crypto-investment? These are some of the question that I will discuss in my presentation.