“老鼠仓”问题法律应对探析

在狭义上界定“老鼠仓”的范围,将导致无法依据《证券法》第43条及第199条的规定对其予以处罚,证监会对两起“老鼠仓”的处罚根据存在瑕疵。《刑法修正案（七）》将“老鼠仓”类犯罪与内幕交易罪加以区分是没有根据的,“老鼠仓”现象本来应属于内幕交易罪的范畴,因此,当下应对“老鼠仓”问题的最佳法律对策应为增设普通背信罪,以规制“老鼠仓”及类似违法现象。在条件允许后,通过扩充《证券法》中内幕信息的范围,最终将“老鼠仓”类犯罪纳入内幕交易罪中。     

网络消费者权益的法律保护

随着世界电子商务的快速发展,人们利用网络进行的消费越来越多,但是在网络中消费者的合法权益却经常遭受侵害,有关立法也相对滞后。我国在网络消费者权益保护方面还存在一系列问题,应该对这些问题采取有针对性的对策,从而为建立有效的网络消费者权益保护机制奠定基础。     

推进中国碳排放交易的原则和思路

该文在广泛调研的基础上,提出在现有的经济发展水平和体制机制条件下,切实有效地推进中国的碳排放交易的主要原则和思路：价值引领,政府推动,市场运作和金融支持。     

我国产权交易市场的基本原理与规则进路

产权交易市场建设是我国多层次资本市场建设的重要组成部分。现阶段我国产权交易市场呈现出一种以行政管制为主导的发展模式,我国产权交易监管制度也将遵循这种立法与行政监管为主、市场自律为辅助的监管模式。     

Walking the Tightrope: Harmful Acts and the Construction of Crime in the Norwegian Securities Markets

The main topic of this article is the regulation and the construction of insider trading as crime. Trading on inside information is not something new, but the dramatization and the attempt to regulate these acts by penal law are of quite recent date. This article tries to examine the simple question of why there has been such activity in this field the last 20–30 years and the goals of this regulation. The article points out the need for building trust in the financial markets, even if it might be illusory, especially when these markets have been opened for the money of ‘ordinary citizens’. It also stresses the importance of creating a ‘moral map’ in order to establish clearer lines between right and wrong in the rather blurry world of financial markets.     

反内幕交易法律制度的经济根源

内幕交易首先是作为一种经济现象而存在的 ,对内幕交易存在价值的经济分析 ,是构建反内幕交易立法的重要基础。本文在介绍、评析内幕交易经济分析正反两方面的观点后 ,认为内幕交易所引发的道德风险和投资者信心的丧失 ,是反内幕交易立法的基本经济依据。     

What does Brexit Mean for the UK's Climate Change Act?

This article examines the potential implications of the United Kingdom's exit from the European Union (so‐called ‘Brexit’) for the success and survival of the country's flagship climate policy, the Climate Change Act 2008. The impact of a ‘soft’ and a ‘hard’ Brexit for the main features of the Climate Change Act are assessed, building on documentary evidence and elite interviews with key policy‐makers and policy‐shapers. The article argues that the long‐term viability of the Climate Change Act was being threatened even before the EU referendum, and that Brexit will do little to improve this situation. Even though the existence of the Climate Change Act is not under immediate threat, a range of issues presented by Brexit risk undermining its successful implementation.     

区域贸易协定的最新趋势及其对多哈发展议程的负面影响

当前各种区域贸易协定正在朝着跨地区、跨大陆、跨大洋的方向迅猛发展。导致这种异常现象的原因错综复杂 ,既有历史上的法律漏洞 ,又有现实的政治安全、外交策略和经贸利益等因素的考虑。过多的区域贸易协定直接威胁着多边贸易谈判的进程和前景 ,越来越严重地侵蚀着WTO的基石、精神和宗旨。区域贸易协定和最惠国待遇在多边贸易法律秩序中的“例外”和“基本原则”的法律定位 ,越来越变得只具有法律文字和理论上的意义。面对多边主义和区域主义的双重挑战 ,中国应主动适应、参与和利用这种双向并进趋势 ,力争在两条基本的发展轨道上实现“双赢”的最佳目标。     

浅析多重语境下的习惯法概念界定——以民法中“交易习惯”的性质认定为例

习惯法概念的界定历来存在争议,正确界定习惯法的概念及认识习惯法与习惯之间的意义对于我们认识现存法律中的关于习惯入法及习惯在司法中的适用提供重要的意义和理论基础。本文以为习惯法应该是独立于国家强制力之外的一种法律,即区别于制定法。是一定社会中,人们在长期的生产生活和社会实践中所惯性的为一定的群体人们在心理上所接受的,能够像发一样规制人们行为的,不违背公序良俗的习惯。而我国民法中的交易习惯也应当是习惯法。至于交易习惯的适用,应当由司法机关汇编适用。     

Rethinking calculation: the popularization of financial trading outside the global centres of finance

Abstract

The paper looks at the popularization of financial trading in Israel. It presents a qualitative analysis of the calculative models and techniques that are promoted by financial trading schools, service firms and books. Broadly, the popularization of trading in this field involves a focus on ‘technical analysis’ (TA) and relies upon a socio-psychological reading of financial charts. Incorporating explicitly non-economic ideas into traders’ calculative logic – including an emic notion of ‘performativity’ – popular TA constitutes an attempt to ‘reverse’ the making of markets: to calculatively trace price formations back to the minds, hearts and arrangement from which they had allegedly sprung as a means of foreseeing their future shape before it fully materializes. Tying the psyche and the market in a calculative loop, popular TA transcends existing social theories of financial calculation. The paper discusses this challenge and its implications for our understanding of the expansion of finance.