Privatizations in states with no actual market economy obviously become legislative matters. For instance, matters related to property rights may need to be re-regulated. The role of EU law in privatization was brought up at the conference. The law does not regulate privatizations, but contains a great deal on liberalization, which in turn affects privatization. Matters related to the alignment of legislation have made law more interesting for all of us who usually categorize legislation among the restrictions.
Professor of business administration at the School of Public Administration, University of Gothenburg.