Securities markets can be linked by dual or cross-listings, international funds of funds, and direct connection between trade-matching platforms. The development of this networking process has been a product of changing technology, the shape of law and the profit incentives of leading...

Hostile takeovers are usually conceived as open market transactions to dispersed shareholders, who have to make a decision on complex issues within a short timeframe. Aside from the simple fact that shareholders have a right to sell their shares, the risks takeovers present to market integrity...

We are at the close of an era that has treated market efficiency with something bordering on religious wonder. When securities markets are understood as environments in which rational behaviour causes prices perfectly to reflect available information, regulators should hesitate to interfere...

Technology is currently bringing a decisive wave of innovation and disruption to the financial industry. There are many promises and predictions of where this will go, but the best source of information for projecting the future's trajectory is history. History shows us that markets began...

The structure currently recommended for the securities market's post-trade settlement activities is based on an intermediary serving as a depository for certificated securities so that claims to such securities may be efficiently traded on the books of the intermediary. As paper certificates...

This paper identifies some common errors that occur in comparative law, offers some guidelines to help avoid such errors, and provides a framework for entering into studies of the company laws of three major jurisdictions. The first section illustrates why a conscious approach to comparative...

This paper explains how the choice of the indirect holding system for securities settlement forced U.S. issuers to cede their shareholder data to intermediaries. Part I describes the law applicable to the transfer of certificated securities. Part II describes how the paper-intensive process of...

This paper launches discussion of a data management problem that has received little or no attention but lies at the core of legal technologies. The need for data privacy is well known, as is the need for data security, including cybersecurity. However, legal technology builds not on personal...

The objective of this study is to gain a better understanding of the FinTech landscape in the ASEAN region and how it has been evolving within each country. The FinTech ecosystem is constituted of interrelated and purposively congruent stakeholders, including FinTech companies, financial...