Year of Graduation
Legal Aspects of Cross-Border Transactions with Paperless Securities
Private International Law
The paper is devoted to the legal aspects of cross-border transactions with paperless securities. The author examines both paperless securities as an object of legal relations in different jurisdictions and the legal status of persons participating at these relations. The governing of relationships connected with the cross-border circulation of paperless securities by conflict and substantive law and the practice of cross-border dispute resolution are explored at the paper. The author concludes that conflict regulation of relations connected with paperless securities based on the autonomy of parties' will and the connecting factor of PRIMA, while substantive regulation presented by national legislation and the rules governing the operation of international payment and clearing systems.