After introducing some fundamental concepts of relevance to Islamic finance, this article describes investment funds used to make investments in the United States, lease (ijara) investment structures used for real estate investments in different jurisdictions (including the early development of...

This article considers the development of sukuk as the mainstay element of the "debt" or finance side of the Islamic capital markets. The two general types of sukuk are described: whole-business securitization sukuk; and asset secrutization sukuk. Differences between the conventional...

The paper explores incentives created by the German Bank Restructuring Act for investors holding assets in systemically important banks (SIBs). Its purpose is to examine consequences that follow for risk choices of SIBs, as well as for Germany's financial system. Applying the analytical model of...

One of the incidences of the emergence and growth of the internet and the vast availability of computing devices across countries of the world today is the increase in innovation. New ways of doing things are now on the rise in all spheres of human endeavors, including financing. In time past,...

Given recent empirical work suggesting that Canada is one of two countries in which outcomes favourable to shareholder activists are more likely than in the US, one might wonder whether shareholders in Canadian public companies have become too empowered. This concern is perhaps especially acute...

This is an excerpt from a forthcoming book to be published by Aspen Publishers & Wolters Kluwer Law & Business. It is tentatively titled, "Essential Concepts of Busines for Lawyers." This book covers essential concepts in accounting, financial statement analysis, financial economics, valuation,...

Two recent cases, one from New Zealand and the other from the UK, highlight issues relating to the intersection between company law and securities law. In one, the directors attempted to defend alleged breaches of the statutory duty to make full prospectus disclosure by asserting that they were...

The article presents the EEA two-pillar model for gaining passports to access the single market within the EU, and argues that the UK might want to seriously consider this solution and the lessons that the EU-EEA negotiations can teach. It also argues that the EFTA EEA model is ripe for a makeover