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In recent decades, the technical handling of custody business in the OHADA region has undergone a lasting change. There has been a shift from a direct to an indirect holding system, in which the interests of an investor in respect of the underlying securities are recorded in the books of an intermediary (such as a bank or a securities firm). Under the law of all states within the OHADA region, the traditional conflict of laws rule for determining the enforceability of a securities pledge that occurs in the indirect holding system is the lex rei sitae (or the lex cartae sitae or the lex situs) rule. However, the traditional lex rei sitae rule cannot be appropriately applied to a system where the dematerialised securities are held through multiple layers of intermediaries located in different jurisdictions. Yet, until the intermediated system and the collateralisation of intermediated securities in the OHADA region will continue to operate in somewhat legally murky waters, leading to more instability in the financial markets. Therefore, Justin Monsenepwoaims to find an appropriate and consistent approach that reflects the reality of the indirect holding system in the OHADA region.
Addressing fundamental questions surrounding the critical changes affecting China’s urban landscape, social organization and community governance, Property Rights and Urban Transformation in China thoroughly reviews the reform of property rights in changing political and economic conditions.
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French President Charles de Gaulle (1958-1969) has consistently fascinated contemporaries and historians. His vision_conceived out of national interest_of uniting Europe under French leadership and overcoming the Cold War still remains relevant and appealing. De Gaulle's towering personality and his challenge to US hegemony in the Cold War have inspired a vast number of political biographies and analyses of the foreign policies of the Fifth Republic mostly from French or US angle. In contrast, this book serves to rediscover de Gaulle's global policies how they changed the Cold War. Offering truly global perspectives on France's approach to the world during de Gaulle's presidency, the 13 well...
Aid to developing countries started well before World War II, but was undertaken as an ad hoc activity or was delivered by private organizations. This changed after the War. In his Inaugural Address in 1949, the American President, Harry Truman, announced a “bold new programme for making the benefits of our scientific advances and industrial progress available for the improvement and growth of underdeveloped nations” (the so-called “Point IV” Plan). At that time it was thought that this support would be needed only for a limited number of years, comparable to the Marshall Plan assistance to Europe. But reality proved to be different: providing aid was a very long-term affair. Since t...
"L'intégration de l'Afrique dans une économie-monde multipolaire est ambivalente. S'inscrivant dans des mouvements centrifuges et centripètes, dans le temps et dans l'espace, l'insertion de ce continent dans les relations économiques et financières internationales se caractérise par une diversité des situations nationales. Dans le cadre d'une mondialisation multidimensionnelle, l'Afrique a longtemps été considérée comme marginalisée et contrainte de s'y adapter. Elle apparaît, désormais, comme un de ses acteurs. L'ouvrage interroge le sens et la portée de cette intégration. Quelles formes prend-elle ? Dans quelles dynamiques s'inscrit-elle ? La place de chaque pays et leur évolution y demeurent-elles contrastées, tant au plan quantitatif que qualitatif ? Dans ce contexte, l'ouvrage présente quatre thématiques se rapportant à des mutations qui contribuent à renforcer, sous diverses formes, les composantes de l'intégration des pays africains dans l'économie mondiale : les liaisons Afrique-Asie, les modalités de l'exploitation des matières premières, les partenariats renouvelés avec l'Union européenne et les mouvements migratoires."--P. [4] of cover.
Provides an unrivelled overview of intellectual development in anthropology.
Africa, which was not long ago discarded as a hopeless and irrelevant region, has become a new 'frontier' for global trade, investment and the conduct of international relations. This book surveys the socio-economic, intellectual and security related dimensions of African regionalisms since the turn of the 20th century. It argues that the continent deserves to be considered as a crucible for conceptualizing and contextualizing the ongoing influence of colonial policies, the emergence of specific integration and security cultures, the spread of cross-border regionalisation processes at the expense of region-building, the interplay between territory, space and trans-state networks, and the int...