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Indirectly held Securities in the Conflict of Laws

Alkaios - Panagiotis Sivitanidis,

Attorney-at-law, PhD

Abstract: Contemporary securities holdings typically involve intermediary

entities, which hold securities through a series of Central Securities

Depositories or other upper-tier intermediaries, on behalf of their clients.

Most national laws differ substantively on the nature of the investor’s rights

and the analysis of the transactions concerning intermediated securities. The

research focuses on the private international law perspective of cross-border

indirect securities holdings and transactions and concludes with a proposal for

the appropriate conflicts rule.

ISBN 978-960-562-488-0


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