A heavily debated topic, the evolution of shareholders' duties risks the transformation of the very concept of shareholder primacy, crucially associated with shareholder rights. Offering a distinctive and comprehensive examination of both current and forthcoming enforcement mechanisms in the...

Unter dem Eindruck der Finanz- und Wirtschaftskrise hat die EU das Instrumentarium zur Regulierung des Finanzmarktes weiterentwickelt und verschärft. Dieser Prozess hat auch Auswirkungen auf die Akteure am Europäischen Kohlenstoffmarkt und ihre Handelsstrategien. Dieser Abschlussbericht...

As interest in art as an alternative asset class has grown in recent years so has the emergence of art investment vehicles. These vehicles seek to capitalize on the inherent inefficiencies of the art market and provide the potential to identify, create and execute transactions in works of art at...

Approved in April 2004, the Directive 2004/39/EC (Markets in Financial Instruments Directive, or MiFID) radically innovates the community legislative framework on the offer of investment services. Notwithstanding the complexity and variety of the issues addressed, the objectives of MiFID are...

The paper examines the Alternative Investment Fund Managers Directive (AIFMD) from Malta's perspective. It analyses the most significant points made by Malta during the process that led to the adoption of the AIFMD Level I and II text. The paper also examines the transposition of the AIFMD in...

This article analyses and discusses the new MiFID II and MiFIR rules for the EU financial markets. In particular, it analyses the terms ‘regulated market', ‘MTF', ‘OTF' and ‘(systemic) internalisation'. It also discusses (i) pre-trade and post-trade transparency, (ii) transaction...

On 3 January 2018 – some ten years later – the MiFID regime will be replaced by MiFID II, which comprises, among other things, a directive (MIFID II), the Markets in Financial Instruments Regulation (MiFIR) and a truly impressive number of implementing measures, commonly referred to as level...