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Research

In German civil law, Professor Omlor studies legal aspects of money, private interest and foreign currency. This always includes the “dynamic element” in the law of money, which is geared toward the ongoing evolution of the manifestations of money over the course of technological progress. More recent phenomena such as blockchain technology are examined with regard to their significance in terms the law of money and payment transactions. In this regard, Professor Omlor is leading the BMJV research project “Blockchain and Law”, with an endowment of almost one million euros, from 2020 through 2023. In addition, Professor Omlor is involved in the ZEVEDI project groups “Normordnung Künstlicher Intelligenz (NOKI)“ [Regulatory Theories of AI] and “KI and Finance.”

Second, mandate law, agency agreements and payment services law are a research focus in Volume II of the German Civil Code. There is a simultaneous focus on the relationships to European private law. For example, Professor Omlor is a member of the Capital Markets Law Group (CMLG) on the Franco-German research group to create a European Business Code (EBC). In addition, Professor Omlor’s research focuses intensively on “modern” contract types such as leasing, factoring and forfeiting.

On an international and transnational level, Professor Omlor is concerned with issues beyond European private law, including the UN Convention on Contracts for the International Sale of Goods (CISG). In terms of comparative law, he pays particular attention to the United States and China, where he goes on regular research trips.

Professor Omlor contributes his research findings not only to his diverse lecture activities both in Germany and internationally but also as an expert on various committees of the German Bundestag.