Buch, Englisch, Band 17, 352 Seiten
Buch, Englisch, Band 17, 352 Seiten
Reihe: Private Law European Context Set
ISBN: 978-90-411-3526-1
Verlag: Wolters Kluwer
In this book thirteen noted scholars, recognizing that modern contract law must take into account global markets and risks, consider banking contracts within networks and within mass transactions. Always attending to the long-term relationships that characterize financial services contracts, they focus on such cross-sector issues as the following: • rule-setting and the question of who should best regulate and at which level; • networks of contracts as the backbone of a market economy; • the complex interplay between market regulation and traditional contract law; • avoiding erroneous assumptions about the future development of prices; • the passing on of the risk via securitization; • rating relationships affected by conflicts of interests; • remuneration problems; • core duties of information and advice in an agency relationship in services; • fiduciary duties of loyalty and care; • types of clients and level of protection; • differentiation in information available on various markets; and • the question of enforcement.
The authors analyse the full body of second generation European Banking Contract Law and show convincingly that the world financial crisis has proceeded at least as much from contracting as from corporate governance. This vantage point promises to open new ways to approach this most crucial of contemporary problems, and will be of great interest to all professionals examining the role played by financial services in market crises.
This book is based on the tenth annual conference of the Society of European Contract Law (SECOLA) which took place in Istanbul in June 2010.
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Weitere Infos & Material
List of Contributors. List of Abbreviations. Preface. Part I Overview Chapter 1 European Contract Law and Banking Contracts after the Financial Crisis: Challenges for Contracting and Market Transactions Part II Contract Law Issues of the Financial Crisis Chapter 2 Policy Responses to Credit Crises: Does the Law of Contract Provide an Answer? Chapter 3 A Need for Contract Governance? Part III Types of Parties in European Contract Law Chapter 4 Consumer Rights Directive or a General European Contract Law? Chapter 5 A Differentiated Approach to Client Protection: The Example of MiFID Part IV Some Core Duties and Remedies for Breach Chapter 6 Investor Protection and Investment Firms' Duty of Care and Loyalty to Clients Chapter 7 Duty of Responsible Lending: Should the European Union Take Action? Chapter 8 The Lehman Brothers Financial Products and the Right to Compensation of European Investors Part V Cross-Sector Issues and Enforcement Chapter 9 Full Harmonization of Retail Financial Services Contract Law in Europe: A Success or a Failure? Chapter 10 From Public Law to Private Law: Market Supervision and Contract Law Standards Chapter 11 Disgruntled Customers and Bank Charges: Class Actions (Reform) Activity Chapter 12 Enforcement and Class Actions in the Area of Financial Transactions? Comments from a European Perspective Chapter 13 Contribution of the European Ombudsman to Limiting Late Payment by the European Commission.