Ralf Winkler untersucht empirisch die Auswirkungen der Aufsichtsratsvergutung auf die UEberwachungseffektivitat deutscher Aufsichtsratsgremien. Unter Verwendung eines Datensatzes mit Unternehmensinformationen boersennotierter Kapitalgesellschaften der Jahre 2010 bis 2013 gibt er Anhaltspunkte fur die Relevanz unterschiedlicher Vergutungsgestaltungen fur die Corporate Governance im dualistischen System der Unternehmensverfassung. Es wird gezeigt, dass die vom Deutschen Corporate Governance Kodex in der gegenwartigen Fassung empfohlene Entlohnungsweise zu einer effektiven Unternehmensuberwachung beitragt und sich normative Anpassungen in diesem Teil des Regelwerks daher erubrigen.

The Law of Institutional Investment Management fills a gap for a work that describes the custom and practice of the institutional investment management industry with reference to both English law and to the European regulatory framework. The governing theme of the work is the structure of the institutional investement process. The work seeks to define the legal risks that an institutional investor who invests in the financial markets through a professional investment manager must be aware of, both in relation to the investment manager and in relation to the financial markets. The analysis addresses the key investment strategies and management styles, the investment manager's responsibility for delivering investment returns through asset allocation and asset selection decisions, the execution of those decisions, and the management of conflicts. The discussion includes an in-depth analysis of the modi operandi of various trading venues, the structure and legal aspects of key financial market transactions (including on-exchange and OTC traded derivatives, and securities lending and repo transactions), and the legal aspects of cash and securities movements in connection with settlement and collateralisation of those financial market transactions.

Im Recht der Sanierung und Abwicklung systemrelevanter Banken betrachtet und bewertet der Autor umfassend die verschiedenen Abwicklungsinstrumente mittels Vermoegensubertragung - von den Finanzmarktstabilisierungsgesetzen in der Finanzkrise bis hin zum geltenden Recht im Single Resolution Mechanism (SRM) seit 2015. Dabei stehen die UEbertragungsanordnung nach KWG a.F. wie auch die aktuellen Instrumente des SRM im Zentrum. Schwerpunkte liegen auf der rechtlichen Zulassigkeit und der wirtschaftlichen Realisierbarkeit der einzelnen Modelle, insbesondere auch im Hinblick auf Probleme der jurisdiktionsubergreifenden Transaktion von Vermoegensgegenstanden und des Umgangs mit Close-out Netting und sonstigen Beendigungsrechten.

U.S. International Investment Agreements is the definitive interpretative guide to the United States' bilateral investment treaties (BITs) and free trade agreements (FTAs) with investment chapters. Providing an authoritative look at the development of the BIT program, treatment provisions, expropriation, and other provisions, Kenneth J. Vandevelde draws on his years of investment treaty and agreement expertise as both a former practitioner and a scholar. This unique and well-organized book analyzes the development of U.S. international investment agreement language and strategy within their historical context. It also explains the newest changes to the model negotiating text (US Model BIT 2004) and additional treaties.

Das Werk veranschaulicht, wann eine Verantwortlichkeit und damit Haftung fur das Verhalten von Geschaftspartnern droht, die Korruptionsverstoesse anstelle eines Unternehmens begehen. Ein massgebliches Instrument, um dies zu verhindern und den daraus resultierenden Risiken und Konsequenzen zu begegnen, stellt die Business Partner Compliance Due Diligence dar. Ihr Zweck besteht darin, die Geschaftspartner einer sorgfaltigen Prufung zu unterziehen, um das jeweilige Korruptionsrisiko ermitteln und entsprechende Massnahmen ableiten zu koennen.

This handy new book provides a reference collection of all the texts of default articles of association which have applied to companies registered since 1856. As such it offers a reference source for lawyers giving advice to private companies on the text of the articles of association relevant the point of formation of the company.
There are currently seven main sets of default articles, dating from 1856, 1862, 1906, 1908, 1929, 1948 and 1985. The 1948 and 1985 sets have been repeatedly amended. This collection of default articles will also include any new default articles under the proposed Companies Act due to follow by Regulation in 2007.
Derek French's commentary provides a summary of the law and articles of association including any changes made by the Companies Act. Each provision of each set of articles is followed by a note giving the equivalent provision in the preceding and succeeding texts so that historical development can be traced.

Julius Scheifele veranschaulicht die Grenzen, die insbesondere das Gesellschaftsrecht den Regelungsmoeglichkeiten innerhalb eines Insolvenzplanverfahrens setzt und untersucht, ob sich das durch das ESUG (Gesetz zur weiteren Erleichterung der Sanierung von Unternehmen) reformierte Insolvenzplanverfahren in Zukunft als effektives Instrument erweist. Konkret zeigt der Autor dies am Beispiel einer Aktiengesellschaft und am Beispiel "Suhrkamp" auf. In beiden Fallen traten Konkurrenzprobleme zwischen Gesellschafts- und Insolvenzrecht erstmals deutlich zu Tage. In der Praxis bestehen weiterhin Unsicherheiten bei der Implementierung von gesellschaftsrechtlich zulassigen Regelungen. Zudem steht das Urteil des Bundesverfassungsgerichts zur Verfassungsbeschwerde im Fall "Suhrkamp" noch aus.

Dominik Fiedler untersucht, ob und inwieweit Sportarbeitgeber die Selbstvermarktung ihrer Sportler durch Sportsponsoring arbeitsrechtlich, sowohl unmittelbar als auch mittelbar, etwa durch Vertragsstrafen oder Suspendierung, begrenzen koennen. Dabei wird neben der Frage, ob und welche Sportler Arbeitnehmer sind, auch das Sportsponsoring sowohl zivil-, steuer- als auch sozialversicherungsrechtlich beleuchtet. Der Autor zeigt abschliessend arbeitsrechtliche Grenzen der Selbstvermarktung durch Sportsponsoring auf.

Less than a decade after the Financial Crisis, we are witnessing the fast emergence of a new financial order driven by three different, yet interconnected, dynamics: first, the rapid application of technology - such as big data, machine learning, and distributed computing - to banking, lending, and investing, in particular with the emergence of virtual currencies and digital finance; second, a disintermediation fuelled by the rise of peer-to-peer lending platforms and crowd investment which challenge the traditional banking model and may, over time, lead to a transformation of the way both retail and corporate customers bank; and, third, a tendency of de-bureaucratisation under which new platforms and technologies challenge established organisational patterns that regulate finance and manage the money supply. These changes are to a significant degree driven by the development of blockchain technology. The aim of this book is to understand the technological and business potential of the blockchain technology and to reflect on its legal challenges. The book mainly focuses on the challenges blockchain technology has so far faced in its first application in the areas of virtual money and finance, as well as those that it will inevitably face (and is partially already facing, as the SEC Investigative Report of June 2017 and an ongoing SEC securities fraud investigation show) as its domain of application expands in other fields of economic activity such as smart contracts and initial coin offerings. The book provides an unparalleled critical analysis of the disruptive potential of this technology for the economy and the legal system and contributes to current thinking on the role of law in harvesting and shaping innovation.

This book outlines the financial services regulatory framework in 42 countries in Europe. Contributors from leading commercial law firms across the region provide a clear explanation of the relevant regulatory bodies and their powers, with consideration of the effects of each jurisdiction's national legislation.
This title is supported by two companion volumes covering Asia Pacific and the Middle East. The series describes the principle regulatory authorities that oversee the banking, insurance and securities activities within each country. A highly practical Questions and Answers section highlights the key issues of practical importance: What enforcement powers do the relevant authorities in each country have? What scope is there for foreign entities to conduct banking, insurance, securities activities and fund marketing activities in or into each country? What is the authorization and registration process in each jurisdiction? Supporting commentary examines the nature and scope of the current regulation and prospective market developments.
The complete three volume series covers over 60 countries and is an essential reference point for those needing a practical insight into international financial services regulation and the regimes operating within jurisdictions other than their own.

Dieses essential ordnet den digitalen Nachlass in den rechtlichen Gesamtkontext ein, beantwortet die vielschichtigen juristischen Fragestellungen, die das "Erbe im Netz" mit sich bringt, und beleuchtet die ersten Rechtsprechungsansatze zu diesem Thema. Stephanie Funk zeigt, welche Moeglichkeiten fur den kunftigen Erblasser zu Lebzeiten bestehen, sein digitales Erbe nach eigenen Wunschen zu lenken, vor allem durch ein Testament. Auch die Regelungsmoeglichkeiten im Rahmen von Vorsorgevollmachten fur den Fall der lebzeitigen Geschaftsunfahigkeit werden in diesem Zusammenhang vorgestellt. Der Leser erfahrt, welche Optionen es fur Erblasser und Erben gibt, um mit den Daten und Spuren umzugehen, die wir alle im Internet hinterlassen - seien es Passwoerter, E-Mails, Blogbeitrage, Fotos, Videos oder Dokumente. Das Hauptaugenmerk liegt dabei auf der E-Mail-Korrespondenz als Kernstuck der Internettatigkeit.

Designed specifically for students, Blackstone's Statutes leads the market in providing a carefully selected, regularly updated, and well sourced resources for law students collection of legislation for the core subjects and major options offered on the law syllabus.
Each title is ideal for use throughout the course and in exams providing the student with:

.Unparalleled coverage
.Unannotated primary and secondary legislation
.Detailed tables of content to aid quick and efficient research
.Up-to-date and relevant material
Online Resource Centre

.Updates
.Web links

Property Rights in Money is a systematic study of how proprietary interests in the ownership of and transactions in money are transferred and enforced as part of a payment transaction.
The book begins by considering the different kinds of property recognised by the law which perform the economic functions of money. It describes how the nature of an owner's proprietary interest differs depending on the kind of property that is treated as money.
The main body of the work provides a detailed account of how property rights in money are transferred from one person to another, and the proprietary consequences when a transfer of money is ineffective. For example, the work considers the consequences for the passing of property in money when a person pays the money by mistake, through the fraud of another or through a breach of his or her duties as a trustee or a company director.
The author provides a coherent explanation of the proprietary effect of money transfers whether made via a transfer of coins or banknotes or, as is now more common, through a bank payment system.
The final section of the book considers how a person can enforce his property rights in money, and the legal remedies open to him to recover his money once it is in the hands of a person who is not entitled to it.

The Oxford Handbook series is a major new initiative in academic publishing. Each volume offers an authoritative and state-of-the-art survey of current thinking and research in a particular subject area. Specially commissioned essays from leading international figures in the discipline give critical examinations of the progress and direction of debates. Oxford Handbooks provide scholars and graduate students with compelling new perspectives upon a wide range of subjects in the humanities and social sciences.
The Oxford Handbook of International Investment Law aims to provide the first truly exhaustive account of the current state and future development of this important and topical field of international law.
The Handbook is divided into three main parts. Part One deals with fundamental conceptual issues, Part Two deals with the main substantive areas of law, and Part Three deals with the major procedural issues arising out of the settlement of international investment disputes.
The book has a policy-oriented introduction, setting the more technical chapters that follow in their policy environment within which contemporary norms for international foreign investment law are evolving. The Handbook concludes with a chapter written by the editors to highlight the major conclusions of the collection, to identify trends in the existing law, and to look forward to the future development of this field.

This new work provides analysis of the legal and regulatory facets of syndicated loans, secondary loan market practice and other related financial practices. Acknowledging the dynamic growth in the secondary loan market Mugasha covers loan trading, credit derivatives, collateralised debt obligations, mezzanine and hybrid debt solutions - all topical issues for structured finance lawyers. Practices have changed noticeably over recent years and Mugasha addresses new legal issues that have arisen. Firstly, there are new methods of conducting business, through electronic trading platforms, the internet and a wide range of information providers (Capital Data, LoanWare and rating agencies). Secondly, regulatory aspects have evolved and initiatives like Basel II and the Equator Principles 2003, and are examined, as are the roles of significant players such as the Loan Syndications and Trading Association and the Loan Market Association. As multi-bank financing remains a major instrument of commerce and finance in the national and international arenas and is notoriously complex, banking and corporate finance lawyers and in-house counsel at banks will value this practical text

Das essential stellt auf kompakte und ubersichtliche Weise die Grundzuge des Staatsorganisationsrechts der Bundesrepublik Deutschland dar. Mike Wienbracke erlautert neben grundlegenden Begriffen wie "Staat" und "Verfassung" die Staatsstrukturprinzipien des Grundgesetzes, die obersten Staatsorgane des Bundes sowie die Staatsfunktionen. Der Leser erhalt damit einen Einblick u.a. in folgende Themen: (indirekte und direkte) Demokratie, Republik, Rechtsstaat, Bundesstaat und Sozialstaat; Bundestag, Bundesrat, Bundesregierung, Bundesprasident und Bundesverfassungsgericht; Gesetzgebung, vollziehende Gewalt und Rechtsprechung; Verfassungsanderung, Ruckwirkung, Verhaltnismassigkeitsgrundsatz, soziale Sicherheit und Gerechtigkeit, Wahlrechtsgrundsatze, 5%-Klausel, Grundmandatsklausel, UEberhang- und Ausgleichsmandate, Immunitat und Indemnitat, konstruktives Misstrauensvotum, Vertrauensfrage, Gewaltenteilung, Gesetzgebungskompetenz, Gesetzgebungsverfahren, Einspruchs- und Zustimmungsgesetze.

Jochen Theurer zeigt in diesem essential, wie es Rechtsanwalten und Menschen in anderen rechtsberatenden Berufen gelingt, in sturmischen Zeiten einen kuhlen Kopf zu bewahren und auch schwierige Situationen gut zu meistern. Er vermittelt effektive Strategien, um gelassen durch den beruflichen Alltag zu kommen. Dieser ist in rechtsberatenden Berufen haufig koerperlich, psychisch und emotional belastend.

Thies Lesch analysiert, inwieweit das bestehende deutsche Recht auf die Folgen der negativen Zinsen im Kreditgeschaft vorbereitet ist und vor welchen Aufgaben die Banken in Deutschland stehen, um ihr Geschaft auch weiterhin erfolgreich betreiben zu koennen. Hierbei untersucht der Autor u.a. die Wirkungen der negativen Zinsen auf die Mess- und Steuerungsprozesse von Banken und liefert eine rechtliche Wurdigung der bestehenden Vereinbarungen sowie Empfehlungen fur den Umgang mit Neuvertragen. Der negative Einlagenzins der EZB, der seit September 2014 bei den Banken erhoben wird, fuhrt dazu, dass sich Banken und Kunden erstmalig mit negativen Nominalzinsen befassen mussen. Auch wenn zunachst nur die Zinsen auf Einlagen bei der EZB betroffen sind, so ist es keine Frage mehr, dass auch Bankeinlagen und insbesondere auch das Kreditgeschaft betroffen sind.