THE LEGAL AND INSTITUTIONAL ASPECTS OF A PRIVATIZATION PROCESS
Languages spoken: English, Greek, French
Thesis Advisor: Professor Jeswald Salacuse
According to a view, the real question in the field of privatizations is not their necessity (which is taken for granted), but the way privatizations should be implemented. Although this view is far from uncontested, this paper does not deal extensively with the debate on state over private ownership, except under the light of the motives that push governments towards the privatization path. On the contrary, its focus is on the legal and institutional aspects of the privatization process that these firms undergo on a worldwide basis. More specifically, the paper is split into three parts. The first part analyzes the various (and sometimes conflicting) objectives of the privatizing government. The second section, which logically follows, examines the alternative policies the state develops in order to implement the privatization objectives it has set. Last but not least, the specific transactions that the government will choose in order to put privatization into effect need to be consistent with, and serve, its previously adopted objectives and policies. Thus, the three sections of this paper are strongly interrelated, and should be read as such. The scope of this thesis does not extend to the examination of the privatizations that took place within the specific context of transitional, post-Soviet economies.
Aikaterini Florou holds a Master’s degree in Private International and Comparative Law from the University of Athens Law School. As an undergraduate, she launched the Criminal Law Review and studied in the University Montesquieu Bordeaux IV as an Erasmus student. Moreover, she is a founding member of JEF (Jeunes Européens Fédéralistes), Crete chapter, and she has attended the 41st session of the "Institut International des Droits de l’Homme" in Strasbourg. Furthermore, she participated as a scholar in the 2011 Private International Law session of The Hague Academy of International Law. She has been admitted to the Athens Bar Association, after having worked as a trainee lawyer for the Legal Advisory Council to the State of Greece. She has received a scholarship from the Alexander S. Onassis Foundation in Greece in order to pursue her studies at Fletcher, where she has specialized in International Investment Law. She is currently Ph.D. candidate at the University of Edinburgh, Scotland.