Brexit has triggered a battle over the clearing of derivatives between the United Kingdom and the European Union. While the former seeks to maintain its preeminent market position, the latter seeks to curtail it in the name of "financial stability". This contribution submits the economic and...

German Abstract: Der EuGH hat in der Rechtssache VEB/BP erstmals entschieden, welches Gericht für Schadenersatzklagen wegen unrichtiger, unvollständiger oder unterlassener Informationen auf dem sekundären Finanzmarkt zuständig ist. Daneben ist das Urteil auch für den kollektiven...

This book offers a collaborative account of the profound impact and enduring questions surrounding the historic event known as Brexit, i.e. the United Kingdom’s decision to terminate its membership in the European Union in 2020. The book is a collection of thought-provoking contributions...

Financial technology (FinTech) revolutionizes the way in which financial services are rendered. Although the phenomenon is not new, it has taken on a novel dimension. Markets which were once national are morphing into global ones. The interest in regulating them not only exists, but to some...

Blockchain, or “distributed ledger” technology, has been devised as an alternative to the law of finance. While it has become clear by now that regulation in the public interest is necessary, for example to avoid money laundering, drug dealing or tax evasion, the particularly thorny issues...

The use of crypto-assets as an investment asset to generate passive income has become steadily more popular since the implementation of smart contracts on blockchains becoming popular with Ethereum in 2017. It reached an interim all-time high with the massive price fluctuations of crypto-assets...

As the value of digital assets continues to soar inexorably, their use as collateral becomes increasingly interesting, including in the context of decentralised finance (DeFi). However, the lack of legal certainty restrains the further use and creates considerable risks. This paper takes stock...