Regenerative Energie
In 2010/2011, the European Emission Trading System found itself subject to so-called phishing attacks during which millions of European greenhouse gas emission allowances were fraudulently obtained and subsequently resold. Since this scam, trading of affected emission allowances carries with it some legal uncertainty.
The genuine market concern pertains to whether the purchaser of phished allowances has received good title or whether the original owner has competing claims against the purchaser enabling him to demand the unwinding of recorded transaction. In the context of these questions, German law on the transfer of title to emission allowances has gained prominence, inter alia, because German substantive law rules provide for the transferor’s acquisition of good title regardless of the transferee’s title. Indeed, the so-called buyer-friendly effects of German law attracted much attention, with some transferees contemplating to restrict their market activities to the German registry, i.e. by only acquiring emission allowances registered on German registry accounts or only receiving emission allowances to German registry accounts. Against this background, the authors provide an overview on the substantive German law decisive for the transfer of emission allowances. Additionally, this article will address the determination of the substantive law governing the transfer/ acquisition of phished allowances, which is a question of international private law, also known as conflicts-of-law. Lastly, a summary of the relevant aspects of new European regulation providing for
| Copyright: | © Lexxion Verlagsgesellschaft mbH |
| Quelle: | Issue 3/2012 (September 2012) |
| Seiten: | 18 |
| Preis: | € 41,65 |
| Autor: | Dr. Markus Appel Anna Burghardt |
| Diesen Fachartikel kaufen... (nach Kauf erscheint Ihr Warenkorb oben links) | |
| Artikel weiterempfehlen | |
| Artikel nach Login kommentieren | |
Hochlauf der Wasserstoffwirtschaft
© Lexxion Verlagsgesellschaft mbH (8/2024)
Überblick über und Diskussion der Maßnahmen zum beschleunigten Ausbau
der Wasserstoffinfrastruktur in Deutschland
Die innerstaatliche Umsetzung des Pariser Klimaschutzübereinkommens
- ein Rechtsvergleich
© Lexxion Verlagsgesellschaft mbH (8/2024)
Like all public international law treaties, the Paris Climate Accords rely on national law for their implementation. The success of the agreement therefore depends, to a large extent, on the stepstaken or not taken by national governments and legislators as well as on the instruments and mechanisms chosen for this task. Against this background, the present article compares different approaches to the implementation of the Paris Agreement, using court decisions as a means to assess their (legal) effectiveness.
Klimaschutzrecht und Erzeugung erneuerbarer Energien in der Schweiz
© Lexxion Verlagsgesellschaft mbH (8/2024)
Verschachtelte Gesetzgebung unter politischer Ungewissheit