Dr Chike Emedosi

Biography

Chike joined the School of Law as a lecturer in April 2022, having previously worked as a teaching fellow. His research interests broadly lie in corporate finance law, banking regulation and international tax law. He coordinates and teaches various undergraduate and postgraduate courses at the School of Law, including Corporate Finance Law, UG Law Honours Dissertation and International Tax Law and Policy.

Chike holds law degrees from Aberdeen University (PhD), Glasgow University (LLM), the Nigerian Law School (BL) and Madonna University Okija (LLB (Hons)). He qualified as a barrister and solicitor in Nigeria in 2012 and has acted as Head Legal/Company Secretary at GVE Projects Ltd. He advised on multiple commercial transactions in that capacity, including a leading tripartite mini-grid agreement, a receivables finance agreement and a syndicated loan agreement.

Chike is a former recipient of scholarships from the Scottish Universities Law Institute and the Max Planck Institute for Comparative and International Private Law. His current research examines the relationship between securitisation, bank capital rules and climate finance.

Research Overview

Chike is interested in research focused on banking regulation, finance law, secured transactions, international tax law, company law, and law and economics. 

Current Research

Chike Emedosi, The transfer of rights in securitisations in Scotland, England and France: A law and economics analysis (Forthcoming: Eleven Publishing 2024) - Monograph

Chike Emedosi, "The role of capital in addressing climate risks and green transition in the banking system" (Forthcoming) - Journal article

Abstract:

Prudential regulators across the globe have acknowledged that climate change and the transition to a net-zero economy present financial risks. Hence in a 2019 report, the Network of Greening the Financial System (NGFS), a coalition of central banks and supervisors from all continents, called on central banks and financial institutions to integrate climate-related risks into prudential regulation. This has triggered a debate about the role of bank capital rules in addressing climate-related risks (“the financial risk objective”).

At the same time, there is general agreement that banks need to do more in financing climate transition. For example, the Intergovernmental Panel on Climate Change (IPCC) has observed that the financial resources directed to green activities are insufficient, and investments in carbon-intensive projects remain high. This development has prompted a second debate as to the potential use of capital to influence banks’ investment choices toward green transition (“the greening objective”).

However, the compatibility of the two objectives and the extent to which they can be pursued simultaneously remain unclear. In addition, there is significant uncertainty over how securitisation may affect the realisation of both objectives. Securitisation is a unique funding tool that is used by banks to adjust capital levels. It is also subject to distinct capital and ESG treatments. These features make securitisation an attractive instrument that banks may use to alter their capital positions in a way that could undermine the achievement of the objectives.

This article examines these questions and offers insights into the extent to which the objectives are complementary and how securitisation might affect the realisation of both objectives. Understanding these issues is particularly crucial for regulators, as it helps to address potential difficulties arising from the interaction of both objectives and inform desirable policy choices.

Knowledge Exchange

Public Policy Engagement

UK Government Consultation and Call for Evidence on the Future Financial Services Regulatory Regime for Cryptoassets - Submitted Response (April 2023)

Future-Proofing the Expanding Market: Recommendations for Improving the Bankability of the Mini-Grid Regulatory Framework in Nigeria - Multi-stakeholder Position Paper (December 2022)

Scottish Parliament (Delegated Powers and Law Reform Committee) Consultation on Moveable Transactions (Scotland) Bill - Submitted Response (September 2022)

Scottish Law Commission Discussion Paper on Heritable Securities: Default and Post-Default - Submitted Response (March 2022)

HMRC Consultation on Clamping Down on Promoters of Tax Avoidance - Submitted Response (May 2021)

OECD Consultation on Pillar One Blueprints (concerning international taxation of digital economy) - Submitted Response (December 2020)

Papers and Presentations

"Examining the bankability of the mini-grid regulatory framework in Nigeria", The Association of International Energy Negotiators Roundtable, University of Aberdeen (June 2023)

"The role of capital and securitisation in addressing climate-related risks and green transition in the banking system", The Society of Legal Scholars Annual Conference, Oxford Brookes University (June 2023)

"Moveable Transactions (Scotland) Bill: A law and economics analysis of the new assignation regime in the context of securitisation", Moveable Transactions Reform Conference, University of Edinburgh (April 2023)

"Economic analysis of the transfer laws in Germany and England for securitisations", 13th Joint Seminar The Future of Law and Economics, Online (2021)

"Global digital taxation in the era of Covid-19: An African perspective", Afronomics Law Africa Tax Symposium, Online (2020)

"Economic analysis of the transfer of rights in securitisations under Scots law and English law", Aberdeen Legal Research Society Conference, University of Aberdeen (2019)

"A comparative analysis of the transfer of rights in securitisations under Scots law and English law", British Association of Comparative Law Research Workshop, Lancaster University (2019)

"The Nigerian resolution framework for domestic systemically important banks", Bank Insolvencies in Developing Economies Conference, University of Reading (2019)

"Securitisation: The sine qua non of the 2007/2008 global financial crisis?", Aberdeen Postgraduate Research Conference, University of Aberdeen (2018)

"Nigeria's International Tax Policy", Aberdeen Nigeria Research Group Seminar, Robert Gordon University (2018)

Blog Post

C Emedosi, "Financial Crises in the Modern Market System: A Case of Prevention or Mitigation?" University of Aberdeen Law School Blog (19 March 2019)

Funding and Grants

Max Planck Institute for Comparative and International Private Law Scholarship (2022) - €5,000

Scottish Universities Law Institute Scholarship (2020) - £2,500

Teaching Responsibilities

LS3030 The Law of Equity and Trusts of England and Wales (Course Co-ordinator)

LS4025 Law Honours Dissertation (Course Co-ordinator)

LS4067/LX4067 Corporate Finance Law (Joint Course Co-ordinator)

LS501G Comparative and International Perspectives on Company Law (Course Co-ordinator)

LS504C International Tax Law and Policy (Joint Course Co-ordinator)

LS2525 Commercial Organisations and Insolvency (Lead, Company Law Modules)

LS553L Debt Finance Law

LS553M Equity Finance Law

LS1520 Contract (2021-22)

LS2533 Business Law (Lead, Company Law Modules, 2021-22)

LS3032 Commercial and Consumer Contracts (2020-21)