Intermediated Securities

Pierre-Henri Conac is Professor of Commercial and Company Law at the University of Luxembourg. Ulrich Segna is an assistant researcher at the University of Luxembourg. Luc Thévenoz is Professor at the Faculty of Law, University of Geneva, Switzerland, where he also directs the Centre for Banking and Finance Law.

• Part I. The Geneva Securities Convention and the Future European Legislation in Comparison: 1. The Geneva Securities Convention: objectives, history, and guiding principles Luc Thévenoz; 2. Objectives and policies underlying the harmonisation of securities law in the EU Philipp Paech; 3. Rights of the account holder relating to securities credited to its securities account Philippe Dupont; 4. The rights of the investor under the Geneva Securities Convention and the proposal of a European securities law legislation Pierre-Henri Conac; 5. The transfer of intermediated securities Luc Thévenoz; 6. The truth about shortfall of intermediated securities: perspectives under the Geneva Securities Convention, United States law, and the future EU Legislation on Securities Holding Charles Mooney; 7. The concept of integrity in intermediated holding systems Hubert de Vauplane; Part II. Impact on Securities Laws of Selected European Jurisdictions: 8. Intermediated securities under Belgian law: assessing the impact of the UNIDROIT Convention on the regulatory environment Michel Tison and Lientje Van den Steen; 9. The Geneva Securities Convention, the future European legislation and their impact on French securities laws Philippe Langlet; 10. The Geneva Securities Convention, the future European legislation and their impact on German law Ulrich Segna; 11. The Geneva Securities Convention and the Swiss intermediated securities law reform Hans Kuhn; 12. The proposed EU legislation on securities holding Habib Motani; 13. The Geneva Convention: a Spanish perspective Francisco Garcimartín; Appendix I. UNIDROIT Convention on Substantive Rules for Intermediated Securities; Appendix II. EU Securities Law Directive: compilation of the rules discussed so far by the Member States' Working Group.

'It is essential that the issues considered here are kept within the sphere of debate, and the discussion in the book will help to inform the deliberations when (and it must surely be 'when' rather than 'if') harmonizing legislation in relation to the holding of securities through intermediaries results. The high quality of the book, informed by both practical knowledge and depth of academic thinking, means that it will be of use not only to policy makers and those involved in the harmonization process, but also to those working in the field under the existing legal regime … an important contribution to that debate in Europe, and deserves to be widely read.' Louise Gullifer, Common Market Law Review