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The first 150 words of the full text of this article appear below. Key points
1. Introduction
2. Law and economics context
3. Hedge fund regulation
4. Concerns about insider trading
5. The importance of cost benefit in regulation
6. Insider trading undefined
If you build it, they will come
7. Differences between derivative assets and securities
8. Uncertainty should be resolved in the markets, not in litigation
9. ETFs and structured products are also blurring the regulatory boundaries
The burden is on market participants 相似文献
- Unspecified boundaries in the commodities, derivatives,and securities law have not only increased the discretion ofindividual regulatory authorities, but have also resulted inexpanded and often overlapping assertions of jurisdiction bythe Securities and Exchange Commission, the Commodity FuturesTrading Commission, the Federal Energy Regulatory Commission,and other authorities.
- The Securities and Exchange Commissionhas recently sought to expand its jurisdiction into the derivativesmarkets to seek registration of hedge funds and other usersof derivatives and commodity futures as investment advisors,and to seek to apply its insider trading laws broadly to thevarious assets traded by funds.
- Financial institutions, intermediaries,and end users are increasingly being asked to demonstrate theeconomic or business purpose of their financial transactionsand their trading practices to ensure their legitimacy and avoidregulatory scrutiny.
- Compliance and litigation costs have predictablyrisen in this environment, in part due to the
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行政诉讼中和解的法理(下) 总被引:10,自引:0,他引:10
情况下 ,才能存在和解呢 ?关于这一点 ,有必要区别和解对私人当事人来说是以授益为内容 ,还是以负担为内容的 ,分别进行考察。〔75〕毋庸赘言 ,授益性行政行为 (beg櫣nstigenderVerwaltungsakt)在不作为的违法确认诉讼 (以及在允许的情况下的义务确认诉讼 )中成为问题 ,而负担性行政行为 (belastenderVerwal tungsakt)在撤销诉讼中成为问题。2 作为和解对象的授益性行政行为关于行政厅是否可以通过和解的方法来发布授益性行政行为的问题 ,进而需要区别如下三种情况进行考察 :(1 )请求… 相似文献
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Concluded at Southern Refugee Legal Aid Conference 《International Journal of Refugee Law》2007,19(4):743-746
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本文展现了20年来法治系统工程在中国发生和发展的概貌,它向读者传递了这样的信息:作为一种现代思维方式,法治系统工程正日渐影响着中国的法学研究;而作为一种现代化的组织管理技术,法治系统工程正日益广泛地融入中国的法治实践。 相似文献
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Legal context. This article concerns patent sale and licensing,asset deals connected with M&A and intangible asset transactions. Key points. Patent owners might find patent auctions a fastway to sell or license their patents. There is a high probabilitythat bidders will purchase or license low- or no- value patentsbecause patent auctions set a very tight time frame for biddersdue diligence. The nature of the patent right creates a bigimbalance in terms of knowledge between owner of the patentand the purchaser or licensee; the latter party can only minimizethe risk of purchasing or licensing a "zero" or low value patentby receiving sufficient time to investigate the patents. IPauctions may however be a better and safer means of purchasingor licensing domain names or trade marks, due to their legalnature. Practical significance. Many companies might believe that patentauction is a swift and effective way to find a purchaser ora licensee for their IP rights. Even so, it is imperative thatthe bidders themselves conduct a proper due diligence of thepatents offered, corresponding to their needs and to their assessmentof their true financial and business value. 相似文献
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International Journal for the Semiotics of Law - Revue internationale de Sémiotique juridique - 相似文献
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马克思主义法律思想中国化的新成果(上篇)——江泽民的法治思想初探 总被引:1,自引:0,他引:1
马克思主义法律思想的中国化,是伴随着马克思主义中国化的进程而实现的.党的十三届四中全会以后,江泽民继承并发展了毛泽东、邓小平的法制思想,提出了许多关于社会主义民主法治建设的新思想、新观点、新论断,形成了作为"三个代表"重要思想组成部分的江泽民的法治思想.江泽民的法治思想,是马克思主义法律思想中国化的崭新的理论成果.认真学习《江泽民文选》,深入研究江泽民的法治思想,对于当前贯彻科学发展观,构建社会主义和谐社会,不断推进我国法治建设的进程,具有重大的实践意义和理论意义. 相似文献
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将中国古代的"质、剂、契、券"直接说成法律行为,意在为法律行为本质合法说张目,但通过对两者演进历史、概念对象以及各自功能的剖析,即知法律行为以公、私法划分为发生前提,以弘扬个人自由主义为文化底蕴和根本目的.而"质、剂、契、券",既有染于中国国家形成的"酋邦模式",又一直系军事、政治、礼制、律例的共有性术语,既曾指以"合券为证"为特征的官方具造文牒,又承担着敛财与推行严密监控的专政功能,表明两者始终都是一种绝对对立的关系. 相似文献
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Mitchell B. Chamlin 《Journal of Quantitative Criminology》1988,4(3):247-258
Various theoretical perspectives suggest that marginal changes in the quantity of crime and arrests are related to one another. Unfortunately, they provide little guidance as to the amount of time that is required for these effects to be realized. In this paper, autoregressive integrated moving average (ARIMA) time-series modeling techniques, which necessitate making minima! assumptions concerning the lag structure one expects to find, are utilized to examine the crime-arrest relationship. The bivariate ARIMA analyses of monthly crime and arrest data for Oklahoma City and Tulsa, Oklahoma, for robbery, burglary, larceny, and auto theft reveal little evidence of a lagged crime-arrest relationship. 相似文献
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司法推理中应用的基本法律概念(上) 总被引:1,自引:0,他引:1
从很早的时期及至当下,信托和其他衡平利益的基本性质,一直是人们乐于分析和争论的话题。所有学习衡平法的学生无不熟悉培根(Bacon)〔1〕和柯克(Coke)的经典讨论,甚至最新的信托法教科书也还在引用这位伟大的首席大法官的著名定义〔2〕(不管它实际上如何不足)。该主题对现代的法律思想家有着独特的魅力,兰德尔(Langdell)〔3〕和埃姆斯(Ames)〔4〕的著名论文,梅特兰(Maitland)在《衡平法讲演》中反复强调〔5〕的论点,奥斯丁(Austin)《法理学讲演》〔6〕中别出心裁的论述,萨蒙德(Salmond)在其法理学著作〔7〕中更为大胆的论断,哈特(Hart)… 相似文献
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Vadim Verenich 《International Journal for the Semiotics of Law》2012,25(1):31-55
In this article, we try to trace the relationship between semiotics and theory of legal reasoning using Peirce’s idea that
all reasoning must be necessarily in signs: every act of reasoning/argumentation is a sign process, leading to “the growth
of knowledge. The broad scope and universal character of Peirce’s sign theory of reasoning allows us to look for new conciliatory
paradigms, which must be presented in terms of possible synthesis between the traditional approaches to argumentation. These
traditional approaches are strongly affected by either the dialectical (logical) perspective or the rhetorical perspective
on argumentation, while Peirce’s approach tends to reconcile the rhetorical and methodological aspects of reasoning. This
reconcilation is best illustrated by Peircean analysis of argument’s logical and rhetorical structure; while the diagrammatic
(iconic) analysis of arguments is performed in the system of Existential Graphs (which is Peirce’s major methodological system,
designed for the expressions of propositions in point of their relational structure). Obviously, Peirce’s original division
of argument parts offered only the characterisation of the sign activity (involved in the process of reasoning), and thus
left much to be desired in terms of practical explication. 相似文献
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碳捕获与封存(CCS)技术是减缓气候变化的一项最新技术。CCS在减排二氧化碳上具有巨大优势,主要发达国家积极采用该技术,并已取得了一些成功。在看到CCS优势的同时,我们也不能忽视其固有风险。CCS既有全球性风险,也有地方性风险;前者涉及复杂的国际法问题,后者则要运用国内法予以防范和化解。为了缓释这些风险,发达国家纷纷建立起CCS技术法律制度,其在法律制定和法律实施等方面的经验值得我们了解和借鉴。我国CCS技术法律制度的构建,应当同时从宏观和微观两个视角寻找路径。宏观上,我国不仅应当制定CCS的专门法律,而且应当明确CCS的监管体制。微观上,事前应当落实风险评估、设定行政许可和加强场地管理;事后应当明确责任制度、确立应急制度、完善信息公开和公众参与制度。通过实施以上路径,以期构建一个全面的、适合我国国情的CCS技术法律制度。 相似文献