Sovereign wealth funds and immunity from jurisdiction

Detalhes bibliográficos
Autor(a) principal: Xavier Junior, Ely Caetano
Data de Publicação: 2014
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Direito GV
Texto Completo: https://periodicos.fgv.br/revdireitogv/article/view/43558
Resumo: SOVEREIGN WEALTH FUNDS HAVE INCREASED THEIR TRADING VOLUME AND DIVERSIFIED THEIR STRATEGIES TO OPERATE IN GLOBAL FINANCIAL MARKETS. THIS ACTIVITY HAS RAISED MANY LEGAL QUESTIONS, WHICH ENCOMPASS NOT ONLY THE CHOSEN LEGAL CORPORATE FORM BUT ALSO THE POLITICAL MOTIVATION UNDERNEATH THE INVESTMENT. THIS ECONOMIC PHENOMENON IS HOWEVER FOLLOWED BY A RELATIVE REGULATORY DELAY, WHICH IS LIMITED TO SOFT LAW INSTRUMENTS RESULTING FROM INITIATIVES SPEARHEADED BY THE INTERNATIONAL MONETARY FUND AND THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT. ONE OF THE SEVERAL CONTROVERSIAL ISSUES ABOUT SOVEREIGN WEALTH FUNDS IS THE POSSIBILITY OF INVOKING THE BENEFIT OF IMMUNITY FROM JURISDICTION. THE FRAGMENTATION OF LEGISLATIVE AND JUDICIAL TREATMENT GIVEN TO STATE-OWNED ENTERPRISES AND CENTRAL BANKS SUGGESTS INCONSISTENT ANSWERS REGARDING SOVEREIGN WEALTH FUNDS. BEING FAR FROM ACHIEVING CONCLUSIVE ANSWERS, IT IS ONLY POSSIBLE TO IDENTIFY SOME PARAMETERS FOR THE ANALYSIS OF SPECIFIC CASES.
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spelling Sovereign wealth funds and immunity from jurisdictionFundos soberanos de investimento e imunidade de jurisdiçãoSOVEREIGN WEALTH FUNDSIMMUNITY FROM JURISDICTIONINTERNATIONAL ECONOMIC LAWREGULATIONSOVEREIGNTYFUNDOS SOBERANOS DE INVESTIMENTOIMUNIDADE DE JURISDIÇÃODIREITO INTERNACIONAL ECONÔMICOREGULAÇÃOSOBERANIASOVEREIGN WEALTH FUNDS HAVE INCREASED THEIR TRADING VOLUME AND DIVERSIFIED THEIR STRATEGIES TO OPERATE IN GLOBAL FINANCIAL MARKETS. THIS ACTIVITY HAS RAISED MANY LEGAL QUESTIONS, WHICH ENCOMPASS NOT ONLY THE CHOSEN LEGAL CORPORATE FORM BUT ALSO THE POLITICAL MOTIVATION UNDERNEATH THE INVESTMENT. THIS ECONOMIC PHENOMENON IS HOWEVER FOLLOWED BY A RELATIVE REGULATORY DELAY, WHICH IS LIMITED TO SOFT LAW INSTRUMENTS RESULTING FROM INITIATIVES SPEARHEADED BY THE INTERNATIONAL MONETARY FUND AND THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT. ONE OF THE SEVERAL CONTROVERSIAL ISSUES ABOUT SOVEREIGN WEALTH FUNDS IS THE POSSIBILITY OF INVOKING THE BENEFIT OF IMMUNITY FROM JURISDICTION. THE FRAGMENTATION OF LEGISLATIVE AND JUDICIAL TREATMENT GIVEN TO STATE-OWNED ENTERPRISES AND CENTRAL BANKS SUGGESTS INCONSISTENT ANSWERS REGARDING SOVEREIGN WEALTH FUNDS. BEING FAR FROM ACHIEVING CONCLUSIVE ANSWERS, IT IS ONLY POSSIBLE TO IDENTIFY SOME PARAMETERS FOR THE ANALYSIS OF SPECIFIC CASES.OS FUNDOS SOBERANOS DE INVESTIMENTO TÊM AUMENTADO O VOLUME FINANCEIRO E DIVERSIFICADO AS ESTRATÉGIAS DE OPERAÇÃO NO MERCADO FINANCEIRO GLOBAL. ESSA ATUAÇÃO TEM SUSCITADO DIVERSOS QUESTIONAMENTOS JURÍDICOS, QUE SE ESTENDEM DESDE A FORMA SOCIETÁRIA ESCOLHIDA PARA A OPERAÇÃO DOS FUNDOS ATÉ A MOTIVAÇÃO POLÍTICA DOS INVESTIMENTOS REALIZADOS. O FENÔMENO ECONÔMICO É, ENTRETANTO, ACOMPANHADO POR UM RELATIVO ATRASO REGULATÓRIO, QUE SE LIMITA A INSTRUMENTOS DE SOFT LAW, EM INICIATIVAS CAPITANEADAS PELO FUNDO MONETÁRIO INTERNACIONAL E PELA ORGANIZAÇÃO PARA COOPERAÇÃO E DESENVOLVIMENTO ECONÔMICO. UMA DAS DIVERSAS QUESTÕES CONTROVERSAS SOBRE OS FUNDOS SOBERANOS DE INVESTIMENTO É A POSSIBILIDADE DE INVOCAÇÃO DO BENEFÍCIO DA IMUNIDADE DE JURISDIÇÃO. A FRAGMENTAÇÃO DO TRATAMENTO LEGISLATIVO E JURISPRUDENCIAL CONCEDIDO A EMPRESAS ESTATAIS E BANCOS CENTRAIS SUGERE RESPOSTAS CONTRADITÓRIAS QUANTO AOS FUNDOS SOBERANOS DE INVESTIMENTO. ESTANDO LONGE DE ENCONTRAR RESPOSTAS CONCLUSIVAS, É POSSÍVEL APENAS EXTRAIR ALGUNS PARÂMETROS PARA A ANÁLISE DOS CASOS CONCRETOS.Escola de Direito de São Paulo da Fundação Getulio Vargas2014-01-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://periodicos.fgv.br/revdireitogv/article/view/43558Revista Direito GV; Vol. 10 No. 1 (2014): jan.-jun. (19); 099-117Revista Direito GV; Vol. 10 Núm. 1 (2014): jan.-jun. (19); 099-117Revista Direito GV; v. 10 n. 1 (2014): jan.-jun. (19); 099-1172317-6172reponame:Revista Direito GVinstname:Fundação Getulio Vargas (FGV)instacron:FGVporhttps://periodicos.fgv.br/revdireitogv/article/view/43558/42274Copyright (c) 2015 Revista DIREITO GVinfo:eu-repo/semantics/openAccessXavier Junior, Ely Caetano2019-08-23T13:33:52Zoai:ojs.periodicos.fgv.br:article/43558Revistahttps://direitosp.fgv.br/publicacoes/revista/revista-direito-gvPRIhttps://old.scielo.br/oai/scielo-oai.php||revistadireitogv@fgv.br|| catarina.barbieri@fgv.br2317-61721808-2432opendoar:2019-08-23T13:33:52Revista Direito GV - Fundação Getulio Vargas (FGV)false
dc.title.none.fl_str_mv Sovereign wealth funds and immunity from jurisdiction
Fundos soberanos de investimento e imunidade de jurisdição
title Sovereign wealth funds and immunity from jurisdiction
spellingShingle Sovereign wealth funds and immunity from jurisdiction
Xavier Junior, Ely Caetano
SOVEREIGN WEALTH FUNDS
IMMUNITY FROM JURISDICTION
INTERNATIONAL ECONOMIC LAW
REGULATION
SOVEREIGNTY
FUNDOS SOBERANOS DE INVESTIMENTO
IMUNIDADE DE JURISDIÇÃO
DIREITO INTERNACIONAL ECONÔMICO
REGULAÇÃO
SOBERANIA
title_short Sovereign wealth funds and immunity from jurisdiction
title_full Sovereign wealth funds and immunity from jurisdiction
title_fullStr Sovereign wealth funds and immunity from jurisdiction
title_full_unstemmed Sovereign wealth funds and immunity from jurisdiction
title_sort Sovereign wealth funds and immunity from jurisdiction
author Xavier Junior, Ely Caetano
author_facet Xavier Junior, Ely Caetano
author_role author
dc.contributor.author.fl_str_mv Xavier Junior, Ely Caetano
dc.subject.por.fl_str_mv SOVEREIGN WEALTH FUNDS
IMMUNITY FROM JURISDICTION
INTERNATIONAL ECONOMIC LAW
REGULATION
SOVEREIGNTY
FUNDOS SOBERANOS DE INVESTIMENTO
IMUNIDADE DE JURISDIÇÃO
DIREITO INTERNACIONAL ECONÔMICO
REGULAÇÃO
SOBERANIA
topic SOVEREIGN WEALTH FUNDS
IMMUNITY FROM JURISDICTION
INTERNATIONAL ECONOMIC LAW
REGULATION
SOVEREIGNTY
FUNDOS SOBERANOS DE INVESTIMENTO
IMUNIDADE DE JURISDIÇÃO
DIREITO INTERNACIONAL ECONÔMICO
REGULAÇÃO
SOBERANIA
description SOVEREIGN WEALTH FUNDS HAVE INCREASED THEIR TRADING VOLUME AND DIVERSIFIED THEIR STRATEGIES TO OPERATE IN GLOBAL FINANCIAL MARKETS. THIS ACTIVITY HAS RAISED MANY LEGAL QUESTIONS, WHICH ENCOMPASS NOT ONLY THE CHOSEN LEGAL CORPORATE FORM BUT ALSO THE POLITICAL MOTIVATION UNDERNEATH THE INVESTMENT. THIS ECONOMIC PHENOMENON IS HOWEVER FOLLOWED BY A RELATIVE REGULATORY DELAY, WHICH IS LIMITED TO SOFT LAW INSTRUMENTS RESULTING FROM INITIATIVES SPEARHEADED BY THE INTERNATIONAL MONETARY FUND AND THE ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT. ONE OF THE SEVERAL CONTROVERSIAL ISSUES ABOUT SOVEREIGN WEALTH FUNDS IS THE POSSIBILITY OF INVOKING THE BENEFIT OF IMMUNITY FROM JURISDICTION. THE FRAGMENTATION OF LEGISLATIVE AND JUDICIAL TREATMENT GIVEN TO STATE-OWNED ENTERPRISES AND CENTRAL BANKS SUGGESTS INCONSISTENT ANSWERS REGARDING SOVEREIGN WEALTH FUNDS. BEING FAR FROM ACHIEVING CONCLUSIVE ANSWERS, IT IS ONLY POSSIBLE TO IDENTIFY SOME PARAMETERS FOR THE ANALYSIS OF SPECIFIC CASES.
publishDate 2014
dc.date.none.fl_str_mv 2014-01-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/revdireitogv/article/view/43558
url https://periodicos.fgv.br/revdireitogv/article/view/43558
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/revdireitogv/article/view/43558/42274
dc.rights.driver.fl_str_mv Copyright (c) 2015 Revista DIREITO GV
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2015 Revista DIREITO GV
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Escola de Direito de São Paulo da Fundação Getulio Vargas
publisher.none.fl_str_mv Escola de Direito de São Paulo da Fundação Getulio Vargas
dc.source.none.fl_str_mv Revista Direito GV; Vol. 10 No. 1 (2014): jan.-jun. (19); 099-117
Revista Direito GV; Vol. 10 Núm. 1 (2014): jan.-jun. (19); 099-117
Revista Direito GV; v. 10 n. 1 (2014): jan.-jun. (19); 099-117
2317-6172
reponame:Revista Direito GV
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Direito GV
collection Revista Direito GV
repository.name.fl_str_mv Revista Direito GV - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||revistadireitogv@fgv.br|| catarina.barbieri@fgv.br
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