SOAS University of London

School of Law

Nikola Siemonov Georgiev

  • Research


Nikola Georgiev
Nikola Siemonov Georgiev
Email address:
Thesis title:
Transnational Law and Financial Governance: the impact and effectiveness of Public International Law on the enforcement of financial regulation.
Internal Supervisors


BA Hons (London), MA (SOAS)

Professional projects:

  • Establishing Best in Class Dispute Resolution System in Saudi Arabia's Economic
  • Cities under the order of His Majesty King Abdullah (Royal Decree 134, HIJR 2314) and Saudi Arabia General Investment Authority (SAGIA) {Professional Project/Dissertation Submitted for Degree Awarded with SOAS, University of London}
  • Riyadh Metro Transit Oriented Development (TOD) commissioned by Al Riyadh Development Authority (ADA)
  • Al Aredh Nationa Park Project - commissioned by the Governor of Central Region of Saudi Arabia
  • Banban District Project - Sustainable city project near King Abdullah financial centre
  • Bahrain International Airport - new Terminal and feasibility study
  • Research and writing contribution for "Doing Business in the UAE" (in conjunction with SADER Group)
  • Working with the Dubai Chamber of Commerce and Industry on establishing, evaluating and recognising business projects and entities under Mohammed Bin Rashid Al Maktoum Business Awards (MRM Business Award) which recognises and rewards firms that contribute to the UAE's economic development.

Volunteer Experience & Causes:

  • Pro Bono Officer
  • DIFC Courts October 2012 - July 2015
  • Civil Rights and Social Action

The Pro Bono Programme was launched in 2009 as the first of its kind in the Middle East region. The DIFC Courts continue to refine and develop the Programme, which offers services from basic legal advice to full case management and representation in proceedings for eligible individuals who can demonstrate that they are unable to afford legal representation.

PhD Research

There are two main pillars of the research reflected in the title: Effectiveness and Enforcement. Thus, this thesis argues that in the emerging multi-level/multi-actor governance process, private actors assume a growing role. It maintains that the more transnational the activity, the less likely the industry is to rely on traditional forms of regulation and supervision. It further examines that the transnational character of financial markets, coupled with the volumes of transactions and the technical issues involved, lead to active private sector involvement in decision-making and the development of settings that facilitate good understanding and often agreement among public officials and practitioners. It is this aspect of governance in the financial markets that is at the centre of this analysis.

Additionally, the research explores how private actors acquire policy-making functions and achieve legitimacy, often on the basis of their expertise and more controversially, economic strength. Industry self-regulation and increasingly, marketbased supervision are widely accepted and so, to a great extent, the private sector is writing its own script. This is significant in influencing standards and practices, the private for profit sector is affecting public policy priorities as well.



  • International Commercial Arbitration
  • Corporate Governance / Corporate Social Responsibility
  • Islamic law/Shari'ah (generally). Specifically: Usul al-Fiqh (Islamic legal theory); Maqasid al-Shari’ah, and its role and development in the modern era. Comparative aspects of Islamic law with human rights law and international humanitarian law. Fiqh al-mu’amalat al-maliyah (the jurisprudence of financial transactions)
  • Law and Society: Contemporary Islamic movements; the interplay between ethics and Islamic law