Intermediated Securities

Legal Problems and Practical Issues

Nonfiction, Reference & Language, Law, Securities, Business
Cover of the book Intermediated Securities by , Bloomsbury Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781847318015
Publisher: Bloomsbury Publishing Publication: June 17, 2010
Imprint: Hart Publishing Language: English
Author:
ISBN: 9781847318015
Publisher: Bloomsbury Publishing
Publication: June 17, 2010
Imprint: Hart Publishing
Language: English

Globally, there has been a shift from securities being held directly by an investor, to a situation in which many securities are held via an intermediary. The existence of one or more intermediaries between the investor and the issuer has a potentially significant impact on the rights of the investor, the role and obligations of the issuer, and on the position and responsibilities of the intermediary. However, different jurisdictions have dealt with the issues arising from intermediation in a variety of ways. In the UK, for example, the concept of a trust is used to explain the different rights and obligations which arise in this scenario, whereas in the US the issues have been addressed by legislation, in the form of UCC Article 8. This variety is problematic, given that it is possible for an investor to hold securities in a number of different jurisdictions. A new UNIDROIT Convention on the issue of Intermediated Securities, the Geneva Securities Convention 2009, aims to create a common framework for dealing with these issues. This collection of essays explores the issues that arise when securities are held via an intermediary, and in particular assesses the solutions put forward by the new Convention on this issue. It will be essential reading for practitioners and academics.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Globally, there has been a shift from securities being held directly by an investor, to a situation in which many securities are held via an intermediary. The existence of one or more intermediaries between the investor and the issuer has a potentially significant impact on the rights of the investor, the role and obligations of the issuer, and on the position and responsibilities of the intermediary. However, different jurisdictions have dealt with the issues arising from intermediation in a variety of ways. In the UK, for example, the concept of a trust is used to explain the different rights and obligations which arise in this scenario, whereas in the US the issues have been addressed by legislation, in the form of UCC Article 8. This variety is problematic, given that it is possible for an investor to hold securities in a number of different jurisdictions. A new UNIDROIT Convention on the issue of Intermediated Securities, the Geneva Securities Convention 2009, aims to create a common framework for dealing with these issues. This collection of essays explores the issues that arise when securities are held via an intermediary, and in particular assesses the solutions put forward by the new Convention on this issue. It will be essential reading for practitioners and academics.

More books from Bloomsbury Publishing

Cover of the book Do You Speak Football? by
Cover of the book The Hand Grenade by
Cover of the book Research Methods for Pedagogy by
Cover of the book Approaching Facial Difference by
Cover of the book Shakespeare Up Close by
Cover of the book Ellie and the Secret Potion by
Cover of the book The Third Force in the Vietnam War by
Cover of the book Speculative Realism by
Cover of the book Landmark Cases in Revenue Law by
Cover of the book Red SAM by
Cover of the book M26/M46 Pershing Tank 1943–53 by
Cover of the book ‘Down to Earth' Strafing Aces of the Eighth Air Force by
Cover of the book Advanced Issues in International and European Tax Law by
Cover of the book Paul Hollywood's British Baking by
Cover of the book British Commando 1940–45 by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy