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Brussels, 5 February 2010 - The European Corporate Governance Institute (ECGI) announces that the international legal practice, Allen & Overy has generously agreed to support an annual prize for scientific papers on corporate governance.

For a period of three years, the Allen & Overy Law Prize will be awarded to the paper published in the ECGI Law Working Paper series which is deemed to have made the most substantial contribution to the knowledge of corporate governance in Europe. 

The prize winner is chosen by Editorial Board of the ECGI's Law Working Paper series.  The authors of the winning paper or papers share the €5,000 prize which is announced at the dinner preceding the ECGI's General Assembly. In 2010, this will take place in Luxembourg on 6 May.

Marc Feider, Senior Partner at Allen & Overy Luxembourg, welcoming the establishment of the Allen & Overy Law prize said: “Corporate governance is more important than ever before. The debate about good corporate governance is in everybody's mind and mouth. It deserves in depth and systematic scientific attention from academia. As a leading global law firm, we are very privileged to sponsor the ECGI Law Prize for the authors of the best contributing paper in Law series and thus mark both our support to the research on better governance and to ECGI as an influential organisation and thought leader giving impulses to international corporate governance and governance policy."

- ENDS -

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For further information, contact:
Marco Becht, ECGI Executive Director on +32 2 650 4466
Gabriel Bleser, Senior Client Relationship Manager, Allen & Overy Luxembourg on +352 444455 406

Notes for Editors

1. The ECGI, which was founded in 2002, is an international scientific non-profit association. It provides a forum for debate and dialogue between academics, legislators and practitioners, focusing on major corporate governance issues and thereby promoting best practice.

2. Allen & Overy is an international law firm - one of a small group of truly international and integrated law firms with approximately 5,000 staff, including over 450 partners, working in 31 major centres worldwide.


3. ECGI's Law Working Paper series: There are currently 138 papers in the ECGI Law series. All ECGI Working Papers are available online free of charge from the Social Science Research Network’s Financial and Legal Research Institutes Papers Series. Further information about ECGI Working Paper series can be found on the ECGI’s website.


4. Chosing the prize winner: Each year, the winner or winners of the Law prize are chosen by the series Editorial Board according to the Terms of Reference governing the selection of prize winners which can be found on the ECGI’s website.


5. The 2010 Allen & Overy Law Prize: The names of the 2010 prize winner will be announced on 7 May 2010 following the presentation of the prizes to the winning authors at a dinner preceding ECGI’s General Assembly in Luxembourg the next day.