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Staff Profile

Dr Pierre Schammo, Dphil (Oxon); LLM (Leiden); Maîtrise en droit (Strasbourg)

Associate Professor (Reader) in the Durham Law School
Deputy Chair PG SSCC, Durham Law School
Deputy Director of LLM, Durham Law School
Telephone: +44 (0) 191 33 42818
Room number: PCL113

Contact Dr Pierre Schammo (email at pierre.schammo@durham.ac.uk)

Biography

Pierre Schammo is a Reader in Law at Durham Law School. Before joining Durham University, he was a lecturer at the University of Manchester, School of Law (2007-2012) and a research fellow in European financial and corporate law at the British Institute of International and Comparative Law in London (2006-2007). He trained as a lawyer in Luxembourg. Pierre completed his D.Phil degree at the University of Oxford (Magdalen College) after graduating from the universities of Leiden, the Netherlands (LL.M., cum laude) and Strasbourg, France (maîtrise en droit privé, mention bien). 

Pierre is associated with the Jean Monnet Centre for EU Studies at Keio University (Tokyo). He is a visiting lecturer at the Institute of Advanced Legal Studies (University of London) and held previously visiting positions at Keio University and the London School of Economics and Political Science (European Institute). He is on the editorial board of The Company Lawyer.

Pierre’s research is mainly at the intersection of financial/banking law, EU law and ‘law in context’. He has written extensively on prospectus regulation and regulatory competition. His most recent research includes work on the European System of Financial Supervision, the Banking Union and the proposed Capital Markets Union. His work on abuse of law, the European System of Financial Supervision and the Capital Markets Union has been cited by the Court of Justice of the European Union (legal opinions in Case C-270/12 United Kingdom vs European Parliament and Council, ECLI:EU:C:2013:562 and Case C-251/16 Cussens and others v T.G. Brosnan, ECLI:EU:C:2017:648) and by the European Commission (in the context of the Commission's initiatives on SME funding (SWD(2017) 229 final/2, June 2017)).

Teaching areas

  • Financial Regulation
  • Internal Market Law

Conference participation and guest seminars (selected)

  • ‘Comments on Abuse of Rights in EU law’, invited discussant of Takis Tridimas’s paper on abuse of rights in EU financial law at the conference on “‘Prohibition of Abuse of Law’: A New General Principle of EU Law?”, Centre for Business Taxation and Institute of European and Comparative Law, University of Oxford, 3rd and 4th October 2008
  • ‘Equivalence-based Regulation and EU Prospectus Law - the Shadow Regime’, invited paper at the corporate finance roundtable on ‘Corporate Finance Law: UK and EU Perspectives’, UCL Centre for Commercial Law, University College London, Faculty of Laws, 28th and 29th April 2010
  • ‘The European System of Financial Supervision and the European Securities and Markets Authority: a First Assessment’, guest speaker at the Keio Jean Monnet Centre for EU Studies, Keio University (Tokyo), 8th January 2011
  • ‘EU Prospectus Law’, guest speaker at the 30th Study Group on Financial Instruments and Exchange Law, and US Capital Markets Law, Waseda University (Tokyo), 22nd April 2011
  • ‘EU Day-to-Day Supervision or Intervention-Based Supervision: Which Way Forward for the European System of Financial Supervision?’, guest lecture at the Chinese University of Political Science and Law (Beijing), 1st June 2012
  • ‘Home Country Control with Consent: a New Paradigm for the Internal Market?’, guest seminar at the Centre for European Legal Studies, Cambridge University, Faculty of Law, 24th October 2012
  • 'Harmonization versus Diversification of Global Financial Regulation', invited speaker at the Fordham Journal of Corporate & Financial Law Annual Symposium, Fordham Law School, Fordham University (New York), 11th February 2013
  • 'Differentiated Integration and the Single Supervisory Mechanism: which way forward for the European Banking Authority?', invited paper at the 'Britain Alone Conference', King's College London, 9th May 2014 ; also given at University of Luxembourg, 28th November 2014
  • 'Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a preliminary assessment', invited paper at the EUI conference on 'The New Financial Architecture of the Eurozone', organised by the European University Institute, Robert Schuman Centre for Advanced Studies and Imperial College London, Brevan Howard Centre for Financial Analysis, 23rd April 2015
  • ‘The ECB’s duty of care for the unity and integrity of the internal market’, invited speaker, guest seminar, University of Manchester, School of Law, 3rd May 2016
  • Invited national co-rapporteur for the UK on the Banking Union, 2016 Congress of FIDE (Fédération Internationale pour le Droit Européen), 18-21 May 2016, Budapest (Hungary)
  • ‘Beyond the crisis? Financial Stability in a Capital Markets Union’, invited paper, 4th CCLS Roundtable on Financial Regulation: ‘The implementation of the FSB Key Attributes in the EU’, Centre for Commercial Law Studies, Queen Mary, University of London, 17 June 2016
  • ‘Facilitating SME Funding’, invited contribution, European Company and Financial Law Review Symposium, University of Copenhagen, 30 September 2016
  • 'Market Regulation and EU Agencies', invited contribution, International Workshop on EU Market Regulation, Financial Crimes and Global Security Governance, University of Amsterdam, 21 October 2016
  • 'Market building and the Capital Markets Union: Removing information barriers to investment in SMEs' invited speaker, Centre for European Policy Studies, Brussels, 8 February 2017
  • Roundtable on SME Access to Finance (Capital Markets Union mid-term review 2017), invited participant, European Commission (DG FISMA), Brussels, 20 March 2017
  • 'The new Prospectus Regulation', invited speaker, Academy of European Law: 'EU Capital Markets Union: Latest Developments', Brussels, 4-5 May 2017 

Research Groups

Durham Law School

  • Durham European Law Institute
  • Institute of Commercial and Corporate Law

Research Interests

  • Capital Markets Regulation
  • Financial Markets and Banking Supervision
  • Internal Market Law
  • Regulation and law in context research (law and political science, and law and economics)

Publications

Authored book

  • Schammo, P. (2011). EU Prospectus Law - New Perspectives on Regulatory Competition in Securities Markets. Cambridge: Cambridge University Press.

Chapter in book

  • Schammo, P. (2016). Differentiated Integration and the Single Supervisory Mechanism: which way forward for the European Banking Authority? In Britain Alone! The Implications and Consequences of United Kingdom Exit from the EU. Birkinshaw, P. & Biondi, A. Alphen aan den Rijn: Kluwer Law International. 311-335.
  • Georgosouli, A. & Schammo, P. (2016). National Report – United Kingdom. [erroneously attributed to Tridimas, T. in the initial print run]. In European Banking Union. XXVII. FIDE Congress Proceedings. Bándi, Gy, Darák, P., Halustyik, A. & Láncos, P. Wolters Kluwer. 1.
  • Schammo, P. (2015). Capital Markets Union and Small and Medium-sized Enterprises (SMEs): a Preliminary Assessment. In The new financial architecture in the Eurozone. Allen, F., Carletti, E. & Gray, J. Florence: FIC Press. 137-176.
  • Schammo, P. (2014). Marchés financiers - émetteurs. In Lexis Nexis, JurisClasseur: Europe Traité. 1-22.
  • Schammo, P. (2011). Comments on abuse of rights in EU law. In Prohibition of abuse of law a new general principle of EU law?. de la Feria, R. & Vogenauer, S. Oxford: Hart. 193-199.
  • Schammo, P. (2011). Corporate Finance Law in the UK and the EU. In Equivalence-based Regulation and EU Prospectus Law - the Shadow Regime. Prentice, D. & Reisberg, A. OUP. 493-518.

Journal Article

  • Schammo, P. (2017). Market building and the Capital Markets Union: addressing information barriers in the SME funding market. European Company and Financial Law Review 14(2): 271-313.
  • Schammo, P. (2017). The European Central Bank’s duty of care for the unity and integrity of the internal market. European Law Review 42(1): 3-26.
  • Schammo, P. (2013). Home country control with consent: a new paradigm for ensuring trust and cooperation in the internal market? Cambridge Yearbook of European Legal Studies 15: 467-501.
  • Schammo, P. (2012). EU Day-to-Day Supervision or Intervention-Based Supervision: Which Way Forward for the European System of Financial Supervision? Oxford Journal of Legal Studies 32(4): 771-797.
  • Schammo, P. (2011). The European Securities and Markets Authority: Lifting the Veil on the Allocation of Powers. Common Market Law Review 48(6): 1879-1913.
  • Schammo, P. (2008). Arbitrage and abuse of rights in the EC legal system. European Law Journal 14(3): 351-376.
  • Schammo, P. (2008). Regulating transatlantic stock exchanges. International and Comparative Law Quarterly 57(4): 827-862.
  • Schammo, P. (2006). The prospectus approval system. European Business Organization Law Review 7(2): 501-523.

Book review

  • Schammo, P. (2013). L Hornuf, Regulatory Competition in European Corporate and Capital Market Law: An Empirical Analysis (Cambridge, Intersentia, 2012). European Law Review 38(5): 723-725.
  • Schammo, P. (2010). Review of Niamh Moloney's EC Securities Regulation (OUP 2008). European Business Organization Law Review 11(2): 309-315.

Other (Print)

  • Schammo, P. (2017). Brexit and the Capital Markets Union: thoughts on the European Commission's mid-term review. [editorial comments]. The Company Lawyer 38(4): 105-106.
  • Schammo, P. (2017). The EU Capital Markets Union and Brexit: time to move on. [editorial comments]. The Company Lawyer 38(10): 301-302.
  • Schammo, P. (2016). Protecting the City of London? UK challenges before the Court of Justice of the EU. [editorial comments]. The Company Lawyer 37(1): 1-2.
  • Schammo, P. (2016). The UK’s five “noes” on EU economic governance. [editorial comments]. The Company Lawyer 37(7): 201-202.
  • Schammo, P. (2015). Protecting the City of London? UK challenges before the Court of Justice of the European Union. [editorial comments]. The Company Lawyer 36(3): 65-66.
  • Schammo, P. (2014). Protecting the City of London? UK challenge to EU agency law. [editorial comments]. The Company Lawyer 35(2): 33-34.
  • Schammo, P. (2014). Protecting the City of London? UK challenges before the Court of Justice of the European Union. [editorial comments]. The Company Lawyer 35(7): 193-194.

Supervises