HomeP.R.I.M.E. Finance Newsletter - 16 December 2019

P.R.I.M.E. Finance Newsletter - 16 December 2019


The ninth annual P.R.I.M.E. Finance Conference will take place on 3 and 4 February 2020 at the Peace Palace in The Hague. 

You can register for the conference here. Discounts for P.R.I.M.E. Experts and early bird registration are now available, as well as discounts for current in-house counsel at banks, hedge funds, asset managers and other financial services businesses. 

Over the course of two days, the world's foremost financial experts will address a range of cutting-edge issues. The emphasis on the first day will be on business topics, including sustainable finance and the impact on the financial sector of climate change and the challenges of benchmark transition. On the second day, we will focus on topics that are more relevant for financial disputes, such as: trends in financial litigation; the latest challenges facing arbitrators and judges; the role of arbitration in the financial services sector; and the growth of third party funding. 

For more information on the agenda or registration details, please click here or contact secretary@primefinancedisputes.org. 

How can you help? 

Last year, we had well over 300 registered attendees. This year, we hope for more!


We would like to set up a working group to help keep P.R.I.M.E. Finance’s Arbitration Rules up-to-date and under review. Please contact Camilla if you would like to be involved.  


The second annual P.R.I.M.E. Finance New York Conference took place on 17 October at the offices of Jones Day. The conference brought together nearly 100 participants to discuss navigating pitfalls in the changing financial landscape. The topics ranged from the global economy to Fintech, from benchmark reform to ethics and technology. 

In October, Rick Grove and Jonathan Ross braved Typhoon Mitag to give a lecture at National Taiwan University College of Law on “What Lawyers Should Know About the Current State of the Global Financial Markets” before then presenting a two day judicial capacity building course on “Global Financial Markets: The Economic and Legal Framework” for Taiwanese judges at the Judges Academy in Taipei. 

In November, P.R.I.M.E. Finance hosted a discussion on recent national and international finance cases at the Dutch Central Bank (De Nederlandsche Bank, or “DNB”) in Amsterdam. This was introduced by Willem Calkoen, and chaired by Pim Rank. Camilla Macpherson spoke about recent international derivatives and crypto-currency cases.

Also in November, Jeffrey Golden, Robert Pickel, Carolyn Jackson, Maria João Parreira and Paula Costa e Silva presented in Lisbon to the judiciary on topics including Derivatives and the ISDA Master Agreement - documentation, market practice and derivatives cases, the Banking Recovery and Resolution Directive and The Hague Convention on the Law Applicable to Agency. These sessions were in association with the Portuguese Treasury and Public Debt Management Agency (the IGCP). 

In December, Rick Grove and Jonathan Ross taught a full day P.R.I.M.E. Finance capacity building course for judges from the Shanghai Financial Court.  There were approximately 100 attendees, including various court officials, futures exchange officials and leading lawyers, in addition to the judges.  Feedback was very positive and the heads of the court expressed an interest in inviting P.R.I.M.E. Finance back in 2020.


Camilla Macpherson is working on conference preparations with Senior Adviser Demetra Koelling. Demetra Koelling is a US licensed attorney who has years of compliance experience in financial services and other industries.

We are also very pleased to be joined by a new group of interns. Sindhu Acharya has a masters degree in International Dispute Settlement and Arbitration from Leiden University and has an interest in investment arbitration and cryptocurrencies. Fanny Ceballosova is a student at Burgundy Law School and currently on exchange to Leiden Law School. Wa Gao recently received a masters degree in International Dispute Settlement and Arbitration from Leiden University. Marijke Michielsen is currently studying law and international business law at Leiden University. Martin Tinelli is a student at the University of Tours (France), currently on exchange at Leiden University. Find out more about the team here. Our interns look forward to meeting many of you in February. 


Georges Affaki contributed to an ECB legal working paper on the new challenges raised by investment arbitration for the EU legal order, with a chapter on scrutinising the resolution of EU banks through the looking glass of investment treaty arbitration. 

Joshua Cohn, Rick Grove and Ken Raisler were among the speakers at the Practicing Law Institute’s October course on the Fundamentals of Swaps and Derivatives in New York.

Lisa Curran was interviewed for Risk.net in connection with risks arising from Euribor fallbacks and compound interest. You can read the article here.
Simon Firth, Jeffrey Golden, Rick Grove, Habib Motani and Peter Werner were among the speakers at ISDA’s November conference on Derivatives Disputes in London.

Scott Farrell spoke at the SIBOS conference in London in September on a panel on open banking, offering a comparison of regulatory perspectives from different jurisdictions around the world.
An article by Carolyn Jackson, John Ahern, Nathaniel W. Lalone and Neil Robson, titled “FCA Announces Launch of Green FinTech Challenge”, was selected as The National Law Review’s 2019 Article of the Year. You can read the article here. 

Philip Wood CBE, KC (Hon) published in July nine volumes in his revised series of works on the Law and Practice of International Finance – what a tour de force!  The publishers are Sweet & Maxwell, London.


In July 2019, P.R.I.M.E. Finance considered and approved a number of new appointments to its expert panel, bringing the total number of experts to nearly 200. We now welcome the following experts to our panel:


Camilla Macpherson was interviewed by LexisNexis about the P.R.I.M.E. Finance New York Conference and P.R.I.M.E.’s goals for 2020. Click here for more. 


P.R.I.M.E. Finance continues to administer requests for expert witness services. All such enquiries should now be directed to Camilla, Head of the Secretariat of P.R.I.M.E. Finance, with a copy to the Secretariat.

We continue to expand our global presence and invite additional nominations to our growing list of Experts. All nominees, unless given written notice otherwise, should assume that their applications remain under consideration and shall receive due consideration. For further information, please see our webpage or contact the Secretariat.


Friends of P.R.I.M.E. is the principal means by which our Experts, market participants and other interested parties can show their financial support for P.R.I.M.E. The P.R.I.M.E. Finance Foundation is a not-for-profit Dutch foundation, which relies heavily on the pro bono spirited efforts and intellectual contribution of its Experts and Board members. P.R.I.M.E. Finance cherishes its independence, and donations through Friends of P.R.I.M.E. help preserve this. We also established a U.S.-based entity known as PRIME Finance Dispute Resolution and Education Foundation in order to apply for grants from U.S.-based foundations and allow our U.S.-based Friends to become Friends of P.R.I.M.E. in a tax efficient manner. All monies raised through Friends of P.R.I.M.E. go directly to program support.

Join numerous other Experts and supporters, and become a Friend of P.R.I.M.E. Finance today! Simply fill in and return the forms linked here. For more information on becoming a Friend of P.R.I.M.E., please contact the Secretariat.


Find recent press articles and other media coverage concerning P.R.I.M.E. Finance here.


For questions, please contact the Secretariat. Follow P.R.I.M.E. Finance on LinkedIn and Twitter!

Click here for the PDF download.

P.R.I.M.E. Finance Foundation
The Hague, The Netherlands