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Loi sur la surveillance des marchés financiers (LFINMA)

National Bureau of Economic Research Conference Report

A comprehensive survey of the evolution of market design over the past three decades. In the mid-1990s, the first Federal Communications Commission spectrum auction and the redesign of the National Residency Matching Program collectively helped to jumpstart the field of market design. Since then, extensive research has improved auction design and broken new conceptual ground in addressing multi-agent matching problems. This volume summarizes key discoveries and advances in market design over the past three decades and explores contemporary challenges--from climate policy and electricity markets to AI-mediated exchanges and hospital resource allocation. Contributors examine how to design efficient, incentive-compatible mechanisms that are robust to shifting conditions and increasing complexity. They consider a wide variety of applications that could benefit from the market design viewpoint, such as environmental markets, school choice, and organ exchange. Together, the chapters illustrate the important interactions between economic theory, computational tools, and institutional insight.

New Directions in Market Design

Umfassende Gesamtdarstellung
Das Handbuch des Rechts der Nachrichtendienste bietet auch in zweiter Auflage eine umfassende, systematische Bearbeitung aller einschlägigen Rechtsgrundlagen. Schwierige nationale, europarechtliche und völkerrechtliche Rechtsfragen werden problemorientiert unter Berücksichtigung aktueller tatsächlicher Entwicklungen (z.B. Verteidigungsbereitschaft, Proliferation, Terrorismus, Wirtschaftsspionage oder Cyberangriffe) vertieft.
Das Standardwerk für nachrichtendienstrechtliche Fragen
Der wissenschaftliche Diskurs sowie die gegenwärtige Rechtspraxis, einschließlich der Rechtsprechung, werden umfassend dokumentiert und kritisch analysiert. Durch die Einbindung namhafter Autorinnen und Autoren aus Wissenschaft, Justiz und Verwaltung ist ein fundiertes Standardwerk entstanden, das verschiedene Perspektiven auf nachrichtendienstrechtliche Fragen eröffnet.
Aus dem Inhalt:
<ul>
<li>Geschichte der deutschen Nachrichtendienste</li>
<li>Nachrichtendienste in der Völkerrechtsordnung</li>
<li>Nachrichtendienste im Verfassungs- und Rechtsstaat</li>
<li>Nachrichtendienste in der internationalen und deutschen Sicherheitsarchitektur</li>
<li>Der nachrichtendienstliche Auftrag</li>
<li>Nachrichtendienstliche Handlungsformen und Befugnisse</li>
<li>Kontrolle der Nachrichtendienste</li>
<li>Nachrichtendienste und Öffentlichkeit der Verwaltung</li>
</ul>
Grundlegendes Nachschlagewerk für:
<ul>
<li>Führungskräfte und Mitarbeiter in Bundes- und Landesministerien,</li>
<li>Sicherheitsbehörden (BfV, BND, MAD, Landesverfassungsschutzämter, BKA, Landeskriminalämter),</li>
<li>Gerichte,</li>
<li>wissenschaftliche Bibliotheken und Forschungsinstitute im Bereich des Staatsrechts/Sicherheitsrechts</li>
<li>Politik und</li>
<li>Medien.</li>
</ul>

Handbuch des Rechts der Nachrichtendienste

Fachbegriffe - Formulierungshilfen - Beispielsätze: Deutsch-Englisch

Legal English for Banking

Schriften zum Recht der Digitalisierung

The edited volume examines how legal, technical, economic, and ethical norms governing the use of artificial intelligence emerge, interact, and stabilize. It is based on the premise that AI regulation cannot be understood as a self-contained field of technology law, but rather constitutes a complex ordering task shaped by the interplay of horizontal European regulation, sector-specific regimes, research ethics, and processes of standardization. The focus lies on the implementation of the European AI Act and its relationship to data protection law, financial market law, and the EU framework for corporate data. Theoretically, the contributions draw on regulatory and governance research, theories of normativity, and debates on technology-induced norm formation ("code is law"). Methodologically, the volume combines doctrinal and comparative legal analysis with perspectives from technology studies, economics, and the social sciences. It examines the AI Act, data protection and financial market law, as well as de facto processes of norm formation by market actors, standardization bodies, and research institutions. It reconstructs the forms, functions, and addressees of the AI normative order and analyzes the interplay of legal rules, technical standards, economic incentives, and ethical guidelines. Part I analyzes the risk-based regulation of the digital space, Part II sector-specific regimes in the financial market and the relationship between horizontal regulation and supervision, and Part III research ethics and standardization. The volume conceptualizes the AI normative order as a multi-layered framework and provides a foundation for future regulation in Europe.

Entstehung, System und Durchsetzung

Normordnung Künstlicher Intelligenz

Schriften zum Wirtschaftsverwaltungs- und Vergaberecht

Wie sollten öffentliche Auftraggeber das wirtschaftlichste Angebot bestimmen? Die Arbeit liefert einen interdisziplinären Orientierungsrahmen für recht- und zweckmäßigere Entscheidungen rund um das Wertungssystem. Sie bestimmt u.a. die Reichweite der Ex-ante-Bekanntmachungspflicht seit dem Dimarso-Urteil des EuGH (C-6/15) neu und definiert "Gewichtung" mithilfe der Mikroökonomik. Steuerungsdefizite werden empirisch plausibilisiert: Auftraggeber treffen regelmäßig rechtmäßige, aber ökonomisch suboptimale Entscheidungen. Deswegen werden die in Deutschland gängigen Bewertungsmethoden systematisiert und interdisziplinär bewertet. Die Arbeit zeigt Wege auf, Steuerungsdefizite zu minimieren. Der Verfasser ist Vergaberechtsanwalt in Hamburg.

Recht- und zweckmäßige Bewertungsmethoden zur Bestimmung des wirtschaftlichsten Angebots

SpringerBriefs in Law

This book examines how Brazil’s LGPD and comparative regimes manage the clash between transparency and secrecy in the personal data economy. It shows how trade secrets are routinely invoked to expand algorithmic opacity, limiting explainability to data subjects and regulators (ANPD). Beginning with today’s obstacles to data protection and transparency, the book maps the legal and technical frictions that undermine accountability, DPIA practice, data portability, and security‑incident notification.Brazil is one of the world’s most connected markets, with 183 million internet users (86.2% penetration), 144 million social‑media user identities (67.8% of the population), and 217 million mobile connections (102% of population) at the start of 2025. These scale effects make Brazil a bellwether for platform governance and data‑rights enforcement. Brazilians also rank among the top global users by time online (≈ 9h09 per day) and lead global time spent on social media (≈ 3h49 per day)—a usage profile that amplifies the societal impact of automated decision‑making and content curation. On the access side, 93.6% of households had Internet in 2024, underscoring mass exposure to data‑driven services. In payments, Pix has made Brazil a world leader in real‑time payments (second globally with 37.4 billion instant transactions in 2023), while Open Finance already counts 57.5 million consenting users—both ecosystems hinge on lawful data sharing and explainability.Against this backdrop, the book argues that the legal framing of core assets—databases, personal data, and algorithms—is a strategic (not neutral) choice: controllers often classify them as trade secrets to restrict scrutiny of automated decision‑making (e.g., credit scoring) and public‑sector AI, producing a “legal black box” that distances both individuals and authorities from meaningful oversight. To counter this, the book proposes an interpretation of the LGPD that recalibrates the scope of confidentiality, sets sector‑specific disclosure baselines for ADM, and defines proportional safeguards for when authorities may access protected information. By prioritizing the fundamental right to data protection, it offers concrete pathways to balance intellectual‑property interests with algorithmic transparency, preventing secrecy from creating new barriers to rights, regulation, and democratic accountability.

Secrecy, Transparency, and the Fundamental Right to Data Protection

Trade Secrets, Personal Data, and the Law

THE MILLIONTH STONE

Hart Studies in Commercial and Financial Law

This book provides a commentary on the Markets in Crypto-Assets Regulation (MiCAR), a game-changing EU regulation for crypto-assets and crypto-asset services. Directly applicable in all EU Member States, MiCAR serves as a benchmark for future regulation in other jurisdictions, influencing rulemaking and crypto industry around the world. In this book, leading experts in the fields of financial law, regulation and technology examine the goals, rules and operation of MiCAR. The book explores its provisions in the broader context of current market practices, technological developments, existing financial law instruments (eg MiFID II, Prospectus Regulation, Crowdfunding Regulation and Market Abuse Regulation), court cases (eg the bankruptcies of FTX and Celsius), regulatory initiatives in the USA and the UK, as well as soft law instruments. The book is designed for anyone dealing with crypto-assets or considering entering the crypto space. This includes representatives from legal and business communities, both incumbent (banks, investment firms, investment funds) and new market players (crypto exchanges, wallet service providers, issuers of stablecoins), supervisory authorities, students and academics. The reader will gain a deep understanding of the scope and structure of MiCAR, key terms used in it, its rationale, and the main rules for issuers of crypto-assets, crypto-asset service providers and crypto-asset services.

Law and Technology

Markets in Crypto-Assets Regulation

Life can't go on like this - can it?A sexy and hilarious Spanish bestseller, where a young woman's office persona threatens to crack when she's forced to attend her company's annual retreat.'Tremendously entertaining' Guardian 'A wild ride' Express 'An impressive new comic talent' Daily Telegraph 'Wry and incisive... very funny' New York TimesOn the surface, Marisa's life looks enviable. She lives in a nice apartment in the heart of Madrid, her friendly neighbour and lover Pablo lives downstairs, and she's risen quickly through the ranks at a successful advertising agency.And yet Marisa hates her job and everything about it. Over one hot summer she finds herself in danger of being exposed when she's forced to deliver a talk on creativity at a horrendous team-building retreat. Surrounded by psychopathic bosses, flirty facilitators, and an excess of drugs, Marisa is pushed to the brink of a complete spiral.Discontent is a bold, biting novel about acting on our wilder impulses to reclaim our lives from work, for everyone who has ever wanted more: more time, more meaning, more connection.'Serrano writes with a caustic flair for detail, with charm and utter hilarity. Absolutely brilliant' Danya Kukafka, author of Notes on an Execution'I adored our heroine... A razor-sharp debut' Anna Dorn, author of Perfume and Pain'A love song to the listless and lonely of the LinkedIn age' Ariel Courage, author of Bad Nature

Discontent

Living Signs of Law

Pragmatism and Rhetoric in the Theory of Legal Decision Making

Law as Communication

European Financial Services Law

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