|||... a substantial benefit to all who work with the commercial law of securities. ... this volume very usefully foregrounds practical issues as its subtitle promises, whole also fitting well within the best tradition of academic essay collections. The essays
Globally, there has been a shift from securities being held directly by an investor, to a situation in which many securities are held via an intermediary. The existence of one or more intermediaries between the investor and the issuer has a potentially significant impact on the rights of the investor, the role and obligations of the issuer, and on the position and responsibilities of the intermediary. However, different jurisdictions have dealt with the issues arising...
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