10.01 The vast majority of transactions in securities held with an intermediary take place in an international context. The notion of internationality is therefore defined in section B. The Hague Convention of 5 July 2006 on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary (‘the Hague Securities Convention’ or HSC) has been drafted to clarify the law applicable to a situation involving intermediated securities. After a brief résumé of the history of the HSC in section C, section D defines the scope of the Convention’s...
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