Screen LibraryThe law on financial derivatives /
"The Law on Financial Derivatives offers you an extensive analysis and explanation of the legal and regulatory principles underlying over-the-counter (OTC) derivatives in the UK. Drawing together concepts from many areas of law--including contract, tort, trusts and private international law--it...
Saved in:
| Main Authors: | |
|---|---|
| Published: |
Sweet & Maxwell/Thomson Reuters,
|
| Publisher Address: | London : |
| Publication Dates: | 2018. |
| Literature type: | Book |
| Language: | English |
| Edition: | Sixth edition. |
| Subjects: | |
| Summary: |
"The Law on Financial Derivatives offers you an extensive analysis and explanation of the legal and regulatory principles underlying over-the-counter (OTC) derivatives in the UK. Drawing together concepts from many areas of law--including contract, tort, trusts and private international law--it shows how they relate to the day-to-day practice of financial derivatives markets and the completion of standard market contracts. This greatly reorganised and updated sixth edition explains the provisions of the EU legislation EMIR, MIFIR and MIFID II as they relate to financial derivatives. It also explains the new regulatory system in the UK, with specific reference to the regulation of financial derivatives, and the new code for the taxation of derivatives in the UK. As with all previous editions, the sixth edition presents a close analysis of the case law relating to financial derivatives in England and Wales, including the liability of banks for fraud, negligence and breach of fiduciary duty, and the problems with tracing money and taking security. This includes a close analysis of the decision of the Supreme Court in Lehman Brothers International Europe v CRC and the range of litigation flowing from the Lehman Brothers collapse affecting property rights on insolvency. There is a particular focus on the extent of the liability of banks for mis-selling complex financial instruments to customers, including claims involving private customers (e.g. HSBC v Rubenstein, Al Sulaiman v Credit Suisse, Zaki v Credit Suisse, O'Hare v Coutts, Bank Leumi v Wachner, and Bailey v Barclays Bank), cases involving small corporate entities (e.g. Graisley Properties v Barclays Bank, Property Alliance v RBS, and Green v RBS), cases involving corporate vehicles (Barclays Bank v Svizera Holdings, and the appeal in JP Morgan v Springwell), and cases involving sovereign wealth funds (e.g. Goldman Sachs v Libya). There is also a discussion of all case law relating to the effectiveness of the ISDA documentation in the wake of the financial crisis, including the decision of the Supreme Court Belmont Properties and the appeals in Lomas v JFB Firth Rixson, Lehman Brothers Special Financing v Carlton, Pioneer Freight Futures v Cosco, and Britannia Bulk Carriers v Pioneer Navigation." |
| Carrier Form: | lxxxviii, 1012 pages ; 24 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9780414060098 0414060091 |
| Index Number: | KD1774 |
| CLC: | D956.122.8 |
| Call Number: | D956.122.8/H885-1/6th ed. |
| Contents: | Introduction -- The Development of Derivatives Regulation -- EU Regulation of Derivatives -- UK Regulation of Derivatives -- The Products -- Confirmations and Master Agreements -- Termination under a Master Agreements -- Structuring Derivatives Contracts -- The Creation of Derivatives Contracts -- The Validity of Derivatives Contracts -- Liability in Selling Derivatives -- The Performance and Interpretation of Derivatives Contracts -- Termination and Recovery in Derivatives Transactions -- Conflict of Laws -- Taking security -- Collateral and Credit Support Agreements -- Set-off, Netting and Insolvency -- Taxation of Financial Derivatives. |