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Articles 1 - 2 of 2
Full-Text Articles in Law
Trading Places: Securities Regulation, Market Crisis, And Network Risk, Olufunmilayo B. Arewa
Trading Places: Securities Regulation, Market Crisis, And Network Risk, Olufunmilayo B. Arewa
Olufunmilayo B. Arewa
The rising power of traders has fundamentally transformed financial market networks and risks. Further, the increased complexity of traded securities and trading strategies within financial networks has magnified shortcomings of existing industry risk management practices as well as dominant regulatory regimes. Financial markets are ultimately places where people trade. Broader social and technological changes have altered the nature of trading activities in financial markets. Innovations in technology, financial instruments, and trading strategies have increased financial market efficiency but have also transformed sources of financial market risks. Financial market networks heighten the need for fundamental rethinking of financial market regulation and …
Vultures, Hyenas, And African Debt: Private Equity And Zambia (Private Equity Symposium), Olufunmilayo B. Arewa
Vultures, Hyenas, And African Debt: Private Equity And Zambia (Private Equity Symposium), Olufunmilayo B. Arewa
Olufunmilayo B. Arewa
A 2007 U.K. court case involving Donegal, a private equity fund, and the Republic of Zambia, has contributed to an ongoing debate about the operation of so-called vulture funds in African and other developing countries. Donegal sued Zambia for more than fifty-five million U.S. dollars in connection with a debt owed by Zambia to Romania for Zambia’s acquisition of agricultural machinery from Romania pursuant to a credit agreement dated April 17, 1979. Donegal acquired the Zambian debt from Romania in 1999 at some eleven percent of face value. Although the Donegal court explicitly limited its scrutiny to the legal questions …