{"title":"Can investors save the planet? NZAMI and fiduciary duty","authors":"Tom Gosling, Iain MacNeil","doi":"10.1093/cmlj/kmad002","DOIUrl":"https://doi.org/10.1093/cmlj/kmad002","url":null,"abstract":"","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136275351","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Special purpose acquisition companies: A discordant tale of two Asian financial centres","authors":"Umakanth Varottil","doi":"10.1093/cmlj/kmad003","DOIUrl":"https://doi.org/10.1093/cmlj/kmad003","url":null,"abstract":"","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2023-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44235620","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Journal Article A modern template for the restructuring of poor country debts Get access Lee C Buchheit, Lee C Buchheit Lee C. Buchheit is Professor (Hon.), University of Edinburgh Law School E-mail: leebuchheit@icloud.com Search for other works by this author on: Oxford Academic Google Scholar Adam Lerrick Adam Lerrick Adam Lerrick is former Counselor to the Secretary of the Treasury of the United States Search for other works by this author on: Oxford Academic Google Scholar Capital Markets Law Journal, Volume 18, Issue 2, April 2023, Pages 194–201, https://doi.org/10.1093/cmlj/kmad004 Published: 16 February 2023 Article history Accepted: 29 January 2023 Published: 16 February 2023
{"title":"A modern template for the restructuring of poor country debts","authors":"Lee C Buchheit, Adam Lerrick","doi":"10.1093/cmlj/kmad004","DOIUrl":"https://doi.org/10.1093/cmlj/kmad004","url":null,"abstract":"Journal Article A modern template for the restructuring of poor country debts Get access Lee C Buchheit, Lee C Buchheit Lee C. Buchheit is Professor (Hon.), University of Edinburgh Law School E-mail: leebuchheit@icloud.com Search for other works by this author on: Oxford Academic Google Scholar Adam Lerrick Adam Lerrick Adam Lerrick is former Counselor to the Secretary of the Treasury of the United States Search for other works by this author on: Oxford Academic Google Scholar Capital Markets Law Journal, Volume 18, Issue 2, April 2023, Pages 194–201, https://doi.org/10.1093/cmlj/kmad004 Published: 16 February 2023 Article history Accepted: 29 January 2023 Published: 16 February 2023","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135473740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
As the effects of climate change are affecting countries across the globe, companies are increasingly turning to voluntary carbon markets to offset their greenhouse gas emissions (GHGE).1 Carbon markets comprised two types of markets: markets which are embedded in governmental GHGE reduction schemes (compliance markets) and markets that are the result of private initiatives (voluntary markets). Voluntary markets are more and more harnessed by public actors to reduce GHGE, allowing regulated entities to use voluntary credits for compliance purposes.2 However, issues concerning integrity, liquidity and quality are beleaguering these markets, causing inefficiencies and distorting price formation. If voluntary carbon markets are to support climate change mitigation strategies and if supply is to meet the growing demand for voluntary carbon credits (VCCs), these markets need to resolve these issues in order to grow (scale up).3 This article investigates which roles market operators authorized under the Markets in Financial Instruments Directive (MiFID II)4 could play in scaling up these markets. Market operators already facilitate transactions in voluntary markets, but their involvement is relatively limited. Given their experience with operating multilateral systems and providing transparency in markets in financial instruments, they could contribute to the resolution of these issues. The conclusion of this article is that market operators can indeed fulfil several key roles in voluntary markets while observing their obligations under MiFID II.
{"title":"The role of market operators in scaling up voluntary carbon markets","authors":"Melvin Tjon Akon","doi":"10.1093/cmlj/kmad001","DOIUrl":"https://doi.org/10.1093/cmlj/kmad001","url":null,"abstract":"As the effects of climate change are affecting countries across the globe, companies are increasingly turning to voluntary carbon markets to offset their greenhouse gas emissions (GHGE).1 Carbon markets comprised two types of markets: markets which are embedded in governmental GHGE reduction schemes (compliance markets) and markets that are the result of private initiatives (voluntary markets). Voluntary markets are more and more harnessed by public actors to reduce GHGE, allowing regulated entities to use voluntary credits for compliance purposes.2 However, issues concerning integrity, liquidity and quality are beleaguering these markets, causing inefficiencies and distorting price formation. If voluntary carbon markets are to support climate change mitigation strategies and if supply is to meet the growing demand for voluntary carbon credits (VCCs), these markets need to resolve these issues in order to grow (scale up).3 This article investigates which roles market operators authorized under the Markets in Financial Instruments Directive (MiFID II)4 could play in scaling up these markets. Market operators already facilitate transactions in voluntary markets, but their involvement is relatively limited. Given their experience with operating multilateral systems and providing transparency in markets in financial instruments, they could contribute to the resolution of these issues. The conclusion of this article is that market operators can indeed fulfil several key roles in voluntary markets while observing their obligations under MiFID II.","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135906772","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Governance and the decoupling of debt and equity: the SEC moves","authors":"Henry T. C. Hu","doi":"10.1093/cmlj/kmac021","DOIUrl":"https://doi.org/10.1093/cmlj/kmac021","url":null,"abstract":"","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":"373 5","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41274360","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Dealing with the conflicts of interest of credit rating agencies: a balanced cure for the disease","authors":"Chunping Bush","doi":"10.1093/cmlj/kmac012","DOIUrl":"https://doi.org/10.1093/cmlj/kmac012","url":null,"abstract":"","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47599212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Crypto-assets and crypto-assets’ subcategories under MiCA Regulation","authors":"Tomasz Tomczak","doi":"10.1093/cmlj/kmac008","DOIUrl":"https://doi.org/10.1093/cmlj/kmac008","url":null,"abstract":"","PeriodicalId":43720,"journal":{"name":"Capital Markets Law Journal","volume":" ","pages":""},"PeriodicalIF":0.7,"publicationDate":"2022-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48076363","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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