This article investigates a single multi-faceted question: is a quot;financial service,quot; such as a bank loan, extension of credit or sale of securities, a quot;servicequot; within the meaning of the Brussels I Regulation (EC) No 44/2001 (quot;Regulationquot;), Article 5(1)(b) second indent,...

The year 2008 is a propitious time to evaluate systems of investor protection in financial markets as global bank losses exceed the 1 trillion mark. The Markets in Financial Instruments Directive [MiFID] is the regulatory equivalent of the deregulatory 1987 quot;Big Bangquot; that shaped the...

This article demonstrates the primacy of economics over law in the formation of the Baltic Securities Market [BSM]. The proposition is vindicated by historical data and factual development of the BSM. Community level legislation in the financial services area accelerated in the later 1990's and...

Chapter 1: Introduction -- Chapter 2: Essential History and Fundamental Purposes -- Chapter 3: The Financial System -- Chapter 4: Capital in the Twenty-First Century -- Chapter 5: The Conventional Narrative: Deconstructed -- Chapter 6: Commercial Banks Create Money Out of Nothing -- Chapter 7:...

The year 2009 is a propitious time to evaluate systems of investor protection in financial markets as global bank losses exceed the 1 trillion mark and market losses equally exceed the 1 trillion mark. Prior to the Global Financial Crisis, the European Union enacted sweeping legislation to...

This article examines the probable effect of the February 2009 devaluation of the Tenge on the Kazakhstan economy. Conventional wisdom holds that currency devaluation increases exports, protects domestic production, and preserves foreign exchange currency reserves. While the latter states the...

Issue 3, Vol. III (2015) of the Russian Law Journal contains articles concerning different legal problems not only of the Russian law, but also on comparative level. It has articles on Crimea crisis, philosophy of law, commercial arbitration, etc

Crimea and the City of Sevastopol justifiably separated from Ukraine and reunified with the Russian Federation in 2014. Support for this proposition is found in historic, economic, and political reasoning. Extant principles of public international law, derived from the Treaty of Westphalia, and...