Search results for "Financial law"

Can the assignment of a financial claim be regarded as a financial instrument?

2018

The main aim of this thesis is to provide with an answer to the question as to whether the assignment of financial claims should be regarded as constituting financial instruments. The question is interpreted from the perspective of the civil law legal system of Latvia, which is a part of the European Union (EU), the Eurozone, and also the common capital market of the EU. Therefore, the legislative acts of the EU relating to the subject matter are interpreted and analysed in conjunction with the substantive national law. Since the examined definition for the concept of assignment of claims has commonalites in other parts of the EU that share similar legal traditions the findings of this thes…

The notion of reverse solicitation within the realm of financial services

2019

The objective of this thesis is to analyse the scope and current restrictions of the reverse solicitation regime vis-à-vis European financial services law. Given the reliance on ambiguous terminology, ill-defined concepts and inconsistencies throughout MiFID II, the analysis throughout the work concludes that the concept of reverse solicitation in its current form cannot be reliably utilised by third-country financial service providers due to numerous inadvertent non-compliance risks. The study concludes that the current reverse solicitation regime needs to be heavily revised to allow for a sufficient degree of legal certainty.

Effects on accounting legislation by an EU-wide implementation of the IFRS for SMEs – the case of Germany

2020

Harmonisation of companies’ financial reporting obligations is essential to economic decision-making in an international business environment. The degree of harmonisation for small and medium-sized entities (SMEs) is still relatively low but the acceptance for the IFRS for SMEs is increasing in recent years. Currently, the standard is being revised and its standard-setting body is awaiting comments from its stakeholders. While the European Union is reluctant to adopt the IFRS for SMEs, the success of its internal harmonisation attempts by the EU Accounting Directive is doubtful and often criticised by the Directive’s stakeholders and researchers. The excessive number of options led to 27 di…

Rechtsgutachten des Advocaten-Vereins zu Riga über den Entwurf einer neuen Wechselordnung für das russische Reich

1882

Anti-money laundering: civil liability of banks vis-a-vis their customers

2018

In this master’s thesis the nearly unexamined topic of the civil liability of banks vis-à-vis their customers for improper application of anti-money laundering measures in the Latvian perspective is explored. The findings and conclusions of this thesis will be relevant in Latvia from both the point of view of theoretical analysis and practical applicability.

Legal framework for secured corporate bonds in Latvia: proposal for a new regulation introducing the concept of a collateral agent

2019

Access to finance is considered as one of the key factors to successful financial market development. European companies face problems with corporate funding which is treated as one of the main barriers to corporate growth and innovation capacity. Corporate bonds represent an alternative source of funding, contributing to a reduction of dependency on more traditional bank financing. Despite the present growth of the corporate bond market in Latvia, the current legal environment for collateralization of the corporate bond in Latvia remains comparatively inflexible for the changes ongoing. The goal of this thesis is to provide a theoretical background for the procedure of issuance of secured …

Reglement des kurländischen Creditvereins

1877

Inhalt: Teil I. Das am 18./30/ Mai 1874 Allerhöchst bestätigte Reglement nebst Einschaltungen -- Theil II. Das Taxations-Reglement.

Insufficiencies in European Union law and member state national law regarding cryptocurrency regulations and its illicit use

2022

Cryptocurrency market transactions and provided opportunities for individuals have highly increased the use of this new paradigm for pursuing illicit activities. The European Union has reacted to this situation and have started to imply certain regulations to restrict criminal activities such as tax evasion, money laundering, terrorist financing and others. The aim of this research is to recognize possible insufficiencies in directives, normative acts and proposals provided by the EU. Understanding the problems within these regulations will help in the constant development and creation of a unified legislation for cryptocurrency users within the EU, and possibly indicate a roadmap for other…

Analysis of the evolution of the EU regulatory approach on virtual assets

2022

The technological advancements of virtual assets are growing exponentially in numbers now providing better security and enhanced privacy for its users. Furthermore, users may scramble and tumble virtual assets disguising their records of transactions. Innovations such as these although allow users to enjoy enhanced privacy in a world of constant supervision and “liberalization” of currency from the state, has however also opened a milieu for criminals to operate in, allowing money laundering, terrorism financing, tax and sanctions evasion, and other financial crimes to go unnoticed. In that regard, this thesis focuses on how the European Union has managed to catch up with the continuous inn…

Cryptocurrency and its taxation

2022

Since 2008, the emergence of the cryptocurrency market has had a considerable influence on the financial sector and the economy as a whole, including the rise of blockchain technology and the production and presence of new types and numbers of cryptocurrencies. Many researchers recognize the significance and benefits of the cryptocurrency market for the global economic system; however, global economies are less welcoming because blockchain technology allows cryptocurrency to remain unregulated by regulators due to its high anonymity and decentralization, potentially leading to increased opportunities for illegal money circulation. Regulators across the world are discussing whether and how t…