There is an old saying that being right and being proven to be right at court are two different things. In the end, the value of subjective rights depends on their enforceability – which is subject to their prior determination in legal proceedings by courts and tribunals. Experts from the Luxembourg Institute take a look at different legal proceedings, as well as other contemporary forms of settling disputes (such as class actions or mediation). The law of civil procedure, as developed in both Europe and the rest of the world, forms one point of focus, another relates to how disputes are settled under international law by international courts. At the same time, the researchers also concentrate on topics relating to public and private regulations, particularly those concerning financial markets and listed companies. The main research areas in this context include IPOs, corporate takeovers, corporate governance, financial services and investment funds. This focus on related research areas within one institute – while looking at both European and international aspects – promotes the generation of interdisciplinary knowledge and the mutual exchange of ideas. As the first Max Planck Institute outside Germany to focus on legal sciences, this new institute will closely cooperate with the Faculty of Law and Economics of the University of Luxembourg.