Recoge: I. Juridification of politics - II. Changes in the estructure of governance - III. Partial convergence of national legal systems - IV. Unintended consequences.

Since the creation of the European market, EU financial regulators have set up a unique model of different passports for financial products and services. The EU concept of the financial passport has been a real innovation in the realm of international finance. This advanced legal tool is becoming more and more important in the world fund industry. This book is the first to address this topic. It is a unique reference work that gives a holistic view of the development of the financial passport inside and outside the EU. As a concise handbook, it offers a clear idea of the concept and reviews all financial passports throughout the world. It also assists the reader in using the relevant passports by providing quick access to various legal references. In addition, it offers a historical overview of different financial passports and describes the evolution of the operational processing and its impact on the value chain. Moreover, this version contains a specific part dedicated to third countries, including paths that might be used after the Brexit. The book is intended for lawyers, students and those wishing to expand their knowledge. The author is a senior consultant to a major European banking group. As part of business management studies in Paris and New York, he developed a forwardlooking vision for financial passports and has notably supported South American financial regulatory authorities. He established, among others, a dedicated global passport service with a capacity of more than five hundred administrated financial vehicles. In line with regulatory developments, particularly in the EU, he is supporting founders of important funds who are interested in using passports to gain a competitive advantage and grow faster.

The Contract is the core tool of governance in a free market economy. An EU Contract Law Code is now on the political agenda because all three legislative bodies in the EU and most member states favour it in principle. In its communication of July 2001, the Commission proposed three major options: to enhance the existing EC Contract Law by eliminating inconsistencies; introducing a European Code which substitutes national laws; and introducing a European code which only supplements national laws. This book achieves three things: For the first time, European academia is discussing these three options in an extensive and systematic way with pros and cons, in a transparent and systematic way, along broad lines and often also important details. The book contains the views of all protagonists from all those who really drafted the models to all those who illustrated the potential of decentralized rule-making and invented the very idea of an Optional Code. This is the first book in which the optional Code, which is the alternative most likely to come, is thoroughly analysed at all. This work also contains a full map of design possibilities. It is the executive summary of what European academia thinks of the future of European Contract Law and a European Code. It is the Academic Green Paper on European Contract Law.