The Law Of Sovereign Wealth Funds

Author : Fabio Bassan
Publisher : Edward Elgar Publishing
Page : 193 pages
File Size : 53,9 Mb
Release : 2011
Category : Law
ISBN : 9780857932365

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The Law of Sovereign Wealth Funds by Fabio Bassan Pdf

Bassan provides a remarkable compendium on the relevant laws, regulations, and standards affecting sovereign wealth funds. These institutions are now at the very centre of the global financial system and demand greater appreciation of their distinctive qualities as well as their likely implications for nation-states and the global economy. Bassan s book is a unique contribution to understanding the governance and regulation of these institutions and will be an important resource book for those who must grapple with the growing power and global scope of these institutions. Gordon L. Clark, University of Oxford, UK and Monash University, Australia This book covers a true vacuum in international legal literature thanks to its multi-facet in-depth analysis of SWFs, a new type of protagonists of transnational investments in the global economy. It analyses critically the various approaches put forth to pinpoint real nature, legal set-up, relevant features in the diverse operating activity of SWF in the perspective of addressing the issue of the most appropriate regulation that would ensure two apparently conflicting goals: the protection of SWF investments and of host states legitimate concerns for vital national political or economic interests and the diverse activities. On this basis, the author reviews the various international hard and soft law regulations proposed and the relevance of existing disciplines including Bilateral Investment Treaties. The full coverage of the issue of sovereign immunity in respect of SWF is a useful completion of the author s analysis. Giorgio Sacerdoti, Bocconi University, Italy This book provides a definition and classification for Sovereign Wealth Funds (SWFs) and discusses its phenomenon within the legal context. It identifies the rules applicable to SWFs and focuses on the bilateral relationships between states. In eight extensive chapters, Fabio Bassan considers whether SWFs may enjoy immunity with respect to host state measures as well as protection in Bilateral Investment Treaties Written from an international law perspective, The Law of Sovereign Wealth Funds will appeal to students of international business, international organizations, banks and governments.

Author : Fabio Bassan
Publisher : Edward Elgar Publishing
Page : 464 pages
File Size : 44,6 Mb
Release : 2015-06-29
Category : Law
ISBN : 9781781955208

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Research Handbook on Sovereign Wealth Funds and International Investment Law by Fabio Bassan Pdf

Research on the role of sovereign investments in a time of crisis is still unsatisfactory. This Research Handbook illustrates the state of the art of the legal investigation on sovereign investments, filling necessary gaps in previous research. Current

Author : Mr.Udaibir S. Das,Mr.Adnan Mazarei,Han van der Hoorn
Publisher : International Monetary Fund
Page : 330 pages
File Size : 41,6 Mb
Release : 2010-12-09
Category : Business & Economics
ISBN : 9781589069275

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Economics of Sovereign Wealth Funds by Mr.Udaibir S. Das,Mr.Adnan Mazarei,Han van der Hoorn Pdf

The book covers a wide range of topics of relevance to policymakers in countries that have sovereign wealth funds (SWFs) and those that receive SWF investments. Renowned experts in the field have contributed chapters. The book is organized around four themes: (1) the role and macrofinancial linkages of SWFs, (2) institutional factors, (3) investment approaches and financial markets, and (4) the postcrisis outlook. The book also discusses the challenges facing sovereign wealth funds in the coming years, from an inside perspective on countries, including Canada, Chile, China, Norway, Russia, and New Zealand. Economics of Sovereign Wealth Funds will contribute to a further understanding of the nature, strategies and behavior of SWFs and the environment in which they operate, as their importance is likely to grow in the coming years.

Author : Mathias Hild
Publisher : Schriften der Bucerius Law School : II
Page : 472 pages
File Size : 47,6 Mb
Release : 2019-08-28
Category : Electronic
ISBN : 3863812034

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Sovereign Wealth Funds by Mathias Hild Pdf

Author : Patrick Bolton,Frederic Samama,Joseph E. Stiglitz
Publisher : Columbia University Press
Page : 254 pages
File Size : 54,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9780231158633

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Sovereign Wealth Funds and Long-term Investing by Patrick Bolton,Frederic Samama,Joseph E. Stiglitz Pdf

Sovereign wealth funds (SWFs) are state-owned investment funds with combined asset holdings that are fast approaching four trillion dollars. Recently emerging as a major force in global financial markets, SWFs have other distinctive features besides their state-owned status: they are mainly located in developing countries and are intimately tied to energy and commodities exports, and they carry virtually no liabilities and have little redemption risk, which allows them to take a longer-term investment outlook than most other institutional investors. Edited by a Nobel laureate, a respected academic at the Columbia Business School, and a longtime international banker and asset manager, this volume examines the specificities of SWFs in greater detail and discusses the implications of their growing presence for the world economy. Based on essays delivered in 2011 at a major conference on SWFs held at Columbia University, this volume discusses the objectives and performance of SWFs, as well as their benchmarks and governance. What are the opportunities for SWFs as long-term investments? How do they fulfill their socially responsible mission? And what role can SWFs play in fostering sustainable development and greater global financial stability? These are some of the crucial questions addressed in this one-of-a-kind volume.

Author : Leonard Schneidman
Publisher : Unknown
Page : 0 pages
File Size : 52,8 Mb
Release : 2010
Category : Investments, Foreign
ISBN : 1402414811

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Sovereign Wealth Funds by Leonard Schneidman Pdf

In Sovereign Wealth Funds, noted international tax lawyer Leonard Schneidman has assembled an array of essays, authored by a global collection of subject area experts, designed to explore three key aspects of SWFs: their regulation and governance, investment behavior, and taxation. You'll quickly discover this work to be the highly useful tool you and your clients need to assess the SWF phenomenon and its practical legal, tax and financial implications.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 68 pages
File Size : 48,7 Mb
Release : 2018-02-02
Category : Electronic
ISBN : 1983941239

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Sovereign Wealth Funds by United States Government Accountability Office Pdf

Sovereign Wealth Funds: Laws Limiting Foreign Investment Affect Certain U.S. Assets and Agencies Have Various Enforcement Processes

Author : Douglas Cumming,Geoffrey E. Wood,Igor Filatotchev,Juliane Reinecke
Publisher : Oxford University Press
Page : 737 pages
File Size : 51,8 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198754800

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The Oxford Handbook of Sovereign Wealth Funds by Douglas Cumming,Geoffrey E. Wood,Igor Filatotchev,Juliane Reinecke Pdf

Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.

Author : Karl P. Sauvant,Lisa E. Sachs,Wouter P.F. Schmit Jongbloed
Publisher : Oxford University Press
Page : 607 pages
File Size : 52,9 Mb
Release : 2012-12-20
Category : Business & Economics
ISBN : 9780199937929

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Sovereign Investment by Karl P. Sauvant,Lisa E. Sachs,Wouter P.F. Schmit Jongbloed Pdf

Sovereign Investment: Concerns and Policy Reactions provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds. In it, leading authorities from the IMF, academic institutions, law firms, multi-national corporations, and think tanks analyze how sovereign wealth funds have helped to limit the effects of the current global economic crisis, and what rules can govern their operation in the future.

Author : United States Government Accountability Office
Publisher : Createspace Independent Publishing Platform
Page : 68 pages
File Size : 46,9 Mb
Release : 2017-09-15
Category : Electronic
ISBN : 1976195187

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Sovereign Wealth Funds by United States Government Accountability Office Pdf

Foreign investors in U.S.companies or assets includeindividuals, companies, andgovernment entities. One type offoreign investor that has beenincreasingly active in worldmarkets is sovereign wealth funds(SWF), government-controlledfunds that seek to invest in othercountries. As the activities of thesefunds have grown they have beenpraised as providing valuablecapital to world markets, butquestions have been raised abouttheir lack of transparency and thepotential impact of theirinvestments on recipient countries.GAO's second report on SWFsreviews (1) U.S. laws thatspecifically affect foreigninvestment, including that by SWFs,in the United States and (2)processes agencies use to enforcethem. GAO reviewed policystatements, treaties, and U.S. laws,and interviewed and obtainedinformation from agenciesresponsible for enforcing theselaws. GAO also interviewed legalexperts and organizations that trackstate foreign investment issues.To enhance oversight of foreigninvestments,

Author : Chester Brown,Kate Miles
Publisher : Cambridge University Press
Page : 747 pages
File Size : 51,9 Mb
Release : 2011-11-17
Category : Law
ISBN : 9781139503617

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Evolution in Investment Treaty Law and Arbitration by Chester Brown,Kate Miles Pdf

International investment law is in a state of evolution. With the advent of investor-State arbitration in the latter part of the twentieth century - and its exponential growth over the last decade - new levels of complexity, uncertainty and substantive expansion are emerging. States continue to enter into investment treaties and the number of investor-State arbitration claims continues to rise. At the same time, the various participants in investment treaty arbitration are faced with increasingly difficult issues concerning the fundamental character of the investment treaty regime, the role of the actors in international investment law, the new significance of procedure in the settlement of disputes and the emergence of cross-cutting issues. Bringing together established scholars and practitioners, as well as members of a new generation of international investment lawyers, this volume examines these developments and provides a balanced assessment of the challenges being faced in the field.

Author : Gordon L. Clark,Adam D. Dixon,Ashby H.B. Monk
Publisher : Princeton University Press
Page : 236 pages
File Size : 48,7 Mb
Release : 2013-07-21
Category : Business & Economics
ISBN : 9780691142296

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Sovereign Wealth Funds by Gordon L. Clark,Adam D. Dixon,Ashby H.B. Monk Pdf

The worldwide rise of sovereign wealth funds is emblematic of the ongoing transformation of nation-state economic prospects. Sovereign Wealth Funds maps the global footprints of these financial institutions, examining their governance and investment management, and issues of domestic and international legitimacy. Through a variety of case studies--from the China Investment Corporation to the funds of several Gulf states--the authors show that the forces propelling the adoption and development of sovereign wealth funds vary by country. The authors also show that many of these investment institutions have identifiable commonalities of form and function that match the core institutions of Western financial markets. The authors suggest that the international legitimacy of sovereign wealth funds is based on the degree to which their design and governance match Western expectations about investment management. Undercutting commonplace assumptions about the emerging world of the twenty-first century, the authors demonstrate that even small countries with large and globally oriented sovereign wealth funds are likely to play a significant role in international relations. Sovereign Wealth Funds considers how such financial organizations have altered not only the face of finance, but also the international geopolitical landscape.

Author : Karl P. Sauvant,Lisa E. Sachs,Wouter P.F. Schmit Jongbloed
Publisher : Oxford University Press
Page : 128 pages
File Size : 46,5 Mb
Release : 2012-12-06
Category : Law
ISBN : 9780199374892

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Sovereign Investment by Karl P. Sauvant,Lisa E. Sachs,Wouter P.F. Schmit Jongbloed Pdf

Sovereign Investment: Concerns and Policy Reactions provides the first major holistic examination and interdisciplinary analysis of sovereign wealth funds. Sovereign wealth funds currently hold three trillion dollars' worth of investments, almost twice the amount in all the hedge funds worldwide, and are predicted to hold nine trillion more by 2015. This relatively new and rapidly expanding phenomenon remains relatively unregulated, but the International Monetary Fund and the G7 aim to establish temporary and voluntary rules to introduce transparency and uniformity until more permanent regulatory structures are instituted. What permanent rules and procedures should govern sovereign wealth funds? What bodies should enforce them? Do the current provisional rules answer the national security concerns of host countries? Editors Karl P. Sauvant, Lisa Sachs, and Wouter P.F. Schmit Jongbloed address these questions in a collection of essays by leading authorities from the IMF, academic institutions, law firms, multi-national corporations, and think tanks. Together, these authors analyze how sovereign wealth funds have helped to limit the effects of the current global economic crisis, and what rules can govern their operation in the future.

Author : Xu Yi-chong,Gawdat Bahgat
Publisher : Palgrave Macmillan
Page : 288 pages
File Size : 49,7 Mb
Release : 2010-11-15
Category : Political Science
ISBN : 0230241093

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The Political Economy of Sovereign Wealth Funds by Xu Yi-chong,Gawdat Bahgat Pdf

This book examines the origin, nature, the portfolio, organizational structure and operation of the seven largest SWFs from the perspective of the holding countries. Uniquely it tackles the issues from the perspectives of those non-OECD countries whose access to funds creates the most concern.

Author : Douglas J. Cumming,Geoffrey Wood,Igor Filatotchev,Juliane Reinecke
Publisher : Oxford University Press
Page : 568 pages
File Size : 52,6 Mb
Release : 2017-10-26
Category : Business & Economics
ISBN : 9780191070822

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The Oxford Handbook of Sovereign Wealth Funds by Douglas J. Cumming,Geoffrey Wood,Igor Filatotchev,Juliane Reinecke Pdf

Sovereign Wealth Funds (SWFs) represent both an increasingly important - and potentially dominant - category of alternative investor, and a novel form for governments to project their interests both home and abroad. As such, they represent both economic actors and embody power vested in the financial and diplomatic resources they can leverage. Although at times they have acted in concert with other alternative investors, their intergenerational savings function should, in theory at least, promote more long-termist thinking. However, they may be impelled in towards greater short termism, in response to popular pressures, demands from predatory elites and/or unforeseen external shocks. Of all the categories of alternative investment, SWFs perhaps embody the most contradictory pressures, making for diverse and complex outcomes. The aim of this volume is to consolidate the present state of the art, and advance the field through new applied, conceptual and theoretical insights. The volume is ordered into chapters that explore thematic issues and country studies, incorporating novel insights in on the most recent developments in the SWF ecosystem. This handbook is organized into four sections and 23 chapters. The four sections are: Governance of SWFs, Political and Legal Aspects of SWFs, Investment Choices and Structures of SWFs, Country and Regional Analyses of SWFs.