ISBN:
9783642278532
,
1299337503
,
9781299337503
Language:
English
Pages:
Online-Ressource (XX, 504 p. 11 illus. in color, digital)
Series Statement:
SpringerLink
Series Statement:
Bücher
Parallel Title:
Buchausg. u.d.T. Chun, Changmin, 1972 - Cross-border transactions of intermediated securities
Keywords:
Civil law
;
Commercial law
;
Public finance
;
Economics
;
Law
;
Law
;
Civil law
;
Commercial law
;
Public finance
;
Economics
;
Deutschland
;
Europäische Union
;
USA
;
Südkorea
;
Japan
;
Schweiz
;
Rechtsvergleich
;
Depotgeschäft
;
Auslandsgeschäft
;
Depotgeschäft
;
Internationales Privatrecht
;
Deutschland
;
Europäische Union
;
USA
;
Südkorea
;
Japan
;
Schweiz
;
Rechtsvergleich
;
Depotgeschäft
;
Auslandsgeschäft
;
Internationales Privatrecht
Abstract:
This work aims to analyse substantive and conflict of laws rules regarding intermediated securities in a comparative way. For this purpose, it examines major jurisdictions rules for intermediated securities and the intermediated securities holding systems, such as the rules of the German, US, Korean, Japanese and Swiss systems, as well as the relevant EU regimes and initiatives. Above all, it analyses the two international instruments related to intermediated securities, i.e. the Geneva Securities Convention and the Hague Securities Convention. Through a functional comparative approach based upon legal traditions of the various jurisdictions, this book gives readers theoretical and practical information on intermediated securities and their national and international aspects.
Description / Table of Contents:
Cross-Border Transactions ofIntermediated Securities; A Comparative Analysis in Substantive Lawand Private International Law; Preface; Contents; List of Figures; Abbreviations; General Introduction; I. Overview of the Intermediated System and the Legal Reforms; II. Methodology, Purpose, and Scope of the Research; III. Terminology; A. Securities, Securities Certificates, Intermediated Securities, and Account Securities; 1. Securities and Securities Certificates (Wertpapiere); 2. Intermediated Securities: Impacts of the Divergent Views on Securities; 3. Account Securities; B. Other Terms
Description / Table of Contents:
PART I: Substantive Law AnalysisChapter 1. The Geneva Securities Convention; I. Background and Purposes; A. Legal Risks Associated with the International Intermediated System; B. Main Purposes and Drafting Approaches; C. Structure and Key Issues; II. Scope of the Convention; A. Territorial Scope; 1. Domestic and International Application; 2. Multi-Unit States; B. Material Scope: Intermediated Securities; 1. Securities, Securities Account, Credit, and Intermediary; a. Securities; b. Securities Account; c. Credit, Debit, Control Agreement and Designating Entry; d. Intermediary
Description / Table of Contents:
2. Contents of Intermediated Securities: Rights of Account Holdera. Securities and Rights or Interests; b. Rights Conferred Under the Convention and Methods to Exercise; c. Non-Convention Law Limiting the Contents of Rights; d. Core Duties; e. Interpretative Issues; C. Normative Scope; 1 Insolvency Law; a. Insolvency of Account Holder; b. Insolvency of Relevant Intermediary; c. Insolvency of System Operator or Participant; d. Insolvency and Collateral Transactions; e. Insolvency of the Issuer and Right of Set-off; 2. Non-Convention Law and Uniform Rules; a. Non-Convention Law
Description / Table of Contents:
b. Uniform Rules3. Corporate Law; a. Relationship with the Issuer; b. Intermediation and Nominee Scheme; D. Other Restrictive Scope of Application; 1. Principles of Interpretation; 2. Opt-Out and Opt-In Declarations; E. Transparent System; 1. Concept of Transparent System; 2. Effects of the Declaration Under Article 7(1); III. Transfer of Intermediated Securities; A. Acquisition and Disposition; 1. By Debit and Credit (Art. 11); 2. By Other Methods (Art. 12); a. Interests Granted by the Article 12 Methods; b. Declaration Required; c. Consensual Agreement
Description / Table of Contents:
d. Comparison of Article 11 and Article 12 Methods3. Under Non-Convention Law (Art. 13); B. Unauthorised Dispositions by an Intermediary (Art. 15); C. Invalidity, Reversal and Conditions of a Book-Entry (Art. 16); IV. Innocent Acquisition; A. Requirements; 1. Standard of Innocence; 2. Acquirer Other Than Organisation; 3. Acquisition for Value; 4. Burden of Proof; B. Protection under Articles 18(1) and 18(2); 1. Article 18(1) Protection; 2. Article 18(2) Protection; 3. Comparison of the Different Protection Mechanisms; C. Relationship with Article 16; D. Relationship with Priority Rule
Description / Table of Contents:
V. Priorities
Note:
Description based upon print version of record
DOI:
10.1007/978-3-642-27853-2
URL:
Volltext
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