Indirectly held Securities in the Conflict of Laws
Alkaios - Panagiotis Sivitanidis,
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.
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