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Gideon Parchomovsky

Gideon Parchomovsky is Robert G. Fuller, Jr. Professor of Law at Penn Carey Law School and Wachtell, Lipton, Rosen & Katz Chair in Corporate Law at the Hebrew University of Jerusalem. He specializes in intellectual property, property law, and cyber law. Parchomovsky has already made significant contributions to the field through his wide-ranging scholarship, having written numerous articles for major law reviews on property and liability rules, insider trading, trademarks, domain names, and patents. Most recently, he has been advocating the need for a comprehensive property theory and the need to introduce a value-oriented theory. Parchomovsky has received the A. Leo Levin Award presented to the best teacher of a first-year course.
Regulation

Smart Contracts Are Shifting Property Rights and Risk

Stefan Bechtold
In a forthcoming paper in the Yale Journal on Regulation, Stefan Bechtold, Giuseppe Dari-Mattiacci, Edoardo Martino, and Gideon Parchomovsky examine how smart contracts are transforming financial contracting by creating enforceable rights that bind third parties without the legal formalities property law has always required. This “property without law” phenomenon enhances financial efficiency while exposing the public to systemic risks beyond the reach of existing regulation.

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