The Economic Assessment of International Commercial Law Reform

You are invited to join the Adelaide Law School for a free public lecture about ‘The Economic Assessment of International Commercial Law Reform’ to be presented by Ms Jenifer Varzaly.

Date: Wednesday 17 August 2016

Time: 1pm-2pm

Where: Ligertwood 5.04/5.05, the University of Adelaide North Terrace campus

RSVP by emailing

The Economic Assessment of International Commercial Law Reform

The production of economic benefits is usually stated to be the driving objective of international commercial law reform. Yet the evidence of such benefits as well as the associated data and methodology are not systematically utilised by international agencies or governments. There are few, if any, agreed upon international principles or metrics for assessing economic benefits in this context. This research explores how an international framework might be implemented and highlights empirical linkages between commercial law reform and decreased transaction costs and increased legal certainty. These variables have been positively correlated with a resultant influx of investment, lower cost of capital, and ultimately economic growth. The implementation of such a framework should be viewed as a priority at the international level.

This research forms part of an ongoing project at the Oxford Commercial Law Centre in conjunction with the UNIDROIT Foundation.

Ms Jenifer Varzaly

Ms Jenifer Varzaly is the current Cambridge International & Evan Lewis Thomas scholar, the Oxford International Commercial Law Reform project lead research associate, and a project manager of the Cambridge Pro Bono Project. She completed her Masters at Oxford University and was selected as a Columbia University Law scholar in 2013. Prior to this, Jenifer was a Law Lecturer at the University of Adelaide Business School (2008-2012) and has continued to lecture at the University of South Australia. Jenifer has consulted in the areas of international commercial law, corporate governance, and development finance for both corporate and government clients in NYC, Australia, and London. She has been invited to present at a range of international forums, including the Oxford Commercial Law Centre, the United Nations, the Cambridge University Law Faculty, and the Hong Kong Securities & Futures Commission. Jenifer is admitted to practice as a barrister and solicitor in Australia, gaining industry experience with two international law firms, consulting to a number of barristers on federal commercial law matters, and serving as a legal advisor and outside director on a public company board.

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