{"product_id":"51482-senn-les-societes-d-investissement","title":"SENN (Jean-Patrice) – INVESTMENT COMPANIES IN FRENCH AND COMPARATIVE LAW, Preface by René Roblot, Private Law Library, vol. VII","description":"\u003cp\u003e\u003cstrong\u003eSENN (Jean-Patrice), Paris, 1958, in-8, paperback, uncut, (cover sun-faded and slightly soiled, corners bumped, spine slightly rubbed with slight paper losses), interior fresh, VIII-294 p.\u003c\/strong\u003e\u003c\/p\u003e \u003cp\u003eWithout neglecting the purely legal aspects of the questions he faced, he was constantly concerned with improving (or changing) legislation and, beyond laws, with French practices and customs. As Professor Roblot states in his introduction to the work, it is a \"thesis\" in the fullest sense of the term. It should be specified that it is a thesis in economic law. Mr. Senn, after the necessary definitions and classifications, divides his work into two parts. The first is entitled: \"French Investment Companies and Fixed-Capital Investment Funds.\" In it, he examines closed-end investments successively from a legal and a tax perspective. The first part, comparing the rules of English and American law, presents the principles governing our investment companies established under the ordinance of November 2, 1945. The second part, concerning \"Open-Ended Investment Funds and the Problem of Their Development in France,\" is the dynamic section of the thesis. It contrasts American liberalism with the rigor of European legislation (particularly Belgian and German); it demonstrates how our system for open-ended investment companies is riddled with too many obstacles to allow, within the current legal framework, the achievement of what is feasible in Anglo-Saxon countries thanks to \"open-end\" investment funds. Finally, a structure analogous to that of a trust is recommended. The thesis, written in a clear style, admirably documented, and very well presented in its structure and internal divisions, is an excellent example of comparative scholarship. We believe it can be of great service. However, it would undoubtedly be unwise to subscribe unreservedly to the author's conclusions. Institutions are less easily imported than agricultural products. French and American customs are too dissimilar with regard to saving and investment for what has succeeded across the Atlantic to be able, without further precautions, to take root here. The law of June 26, 1957, which granted us petroleum certificates, foreshadows new legislation on the formation of variable capital investment companies. Mr. Senn's thesis is likely to soon be crowned with success, but undoubtedly the French legislative formulas will differ from the English or American ones. (René Rodière, RIDC No. 1\/1958, p. 248 et seq.).\u003c\/p\u003e","brand":"Mémoire du Droit","offers":[{"title":"Default Title","offer_id":51963899248987,"sku":"51482","price":90.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0941\/0163\/5419\/files\/51482-1.jpg?v=1766949639","url":"https:\/\/www.memoiredudroit.fr\/en\/products\/51482-senn-les-societes-d-investissement","provider":"La Mémoire du Droit","version":"1.0","type":"link"}