Property in Securities: A Comparative Study (Cambridge Studies in Corporate Law, Series Number 6) - Hardcover

Micheler, Eva

Hardcover

ISBN 10: 0521832659 ISBN 13: 9780521832656

Publisher: Cambridge University Press, 2007

Synopsis

Micheler analyses the German, Austrian and English law of securities, addressing the rules governing transfers of securities, including unauthorised transfers, equities arising out of defective issues, and the holding of securities through intermediaries. The book presents an account of the current English, German and Austrian regimes. It has been written with a view to explaining the German and Austrian regime to readers with a common law background and to explaining the English regime to readers with a civil law background. Micheler also aims to determine whether globalisation will cause the two different approaches to converge. It concludes that the respective rules in all three jurisdictions have historically evolved consistently with incumbent legal doctrine. This pattern of change is likely to continue. Convergence will occur on a functional rather than doctrinal level. Moreover, recent reform initiatives advanced by the UNIDROIT and the EU will lead to functional rather than doctrinal convergence.

About this title

Book Description

Micheler analyses the legal nature of investment securities in German, Austrian and English law. She argues that the law of investment securities should be understood as a self-sufficient body of law, the rules of which can be explained by the special nature of the asset involved.

About the Author

Senior Lecturer at the London School of Economics and a Universitätsprofessor at the University of Economics in Vienna.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2007
• ISBN 10: 0521832659
• ISBN 13: 9780521832656
• Binding: Hardcover
• Language: English
• Number of pages: 284