Les marchés financiers sont traditionnellement considérés comme le lieu où se confrontent une demande et une capacité de financement. Le développement des intermédiaires financiers a toutefois contribué à complexifier les transactions et les nœuds de relations sur les places. L'objet de cette thèse est d'examiner le marché des euro-obligations non plus comme le lieu de rencontre d'une offre et d'une demande dans l'exercice d'un jeu concurrentiel, mais comme une organisation dans laquelle des membres adoptent des rationalités et des modes d'action diversifiés et évolutifs. La méthodologie utilisée articule une étude historique événementielle et une analyse des pratiques inscrite dans la longue durée. Les observations tirées de cette double appréhension sont confrontées, dans le cadre d'une démarche abductive, à des cadres conceptuels constitutifs de la théorie des organisations. Cette confrontation s'opère en trois étapes. Tout d'abord, l'évolution et les pratiques sont étudiées pour montrer en quoi le marché euro-obligataire se comporte comme une organisation, et pas seulement comme un lieu de transaction. Ensuite, les formes prises par cette dernière au cours de son histoire sont identifiées. Enfin, le modèle firme semblant le plus approprié pour caractériser la morphologie ultime du marché étudié, la question du mode de coordination mis en œuvre est envisagée. Au final, il est établi que le marché euro-obligataire s'apparente à une bureaucratie professionnelle. De ce fait, les risques dominants sur ce dernier ne sont plus des " risques de marché " à proprement parler. Ils émanent au contraire de problématiques typiquement organisationnelles : la maîtrise du comportement des membres et la gestion du changement.Ces résultats de recherche doivent contribuer à renouveler le regard porté sur des marchés financiers qui, du fait de la dérégulation, tendent à s'aligner sur ce qui faisait jusqu'à aujourd'hui la singularité euro-obligataire. Ces regards sont avant tout ceux des régulateurs, dont la capacité de contrôle sur les intermédiaires financiers demeure désormais limitée. Ils sont aussi ceux des emprunteurs qui, de facto, s'adressent plus à un fournisseur de fonds qu'ils n'en lèvent auprès d'un marché.

A credit default swap is a contract that ensures protection against losses occurring due to a default event of an certain entity. It is crucial to know how default should be modelled for valuation or estimating of credit derivatives. In this dissertation, we first review the structural approach for modelling credit risk. The model is an approach for assessing the credit risk of a firm by typifying the firms equity as a European call option on its assets, with the strike price (or exercise price) being the promised debt repayment at the maturity. The model can be used to determine the probability that the firm will default (default probability) and the Credit Spread. We second concentrate on the valuation of credit derivatives, in particular the Credit Default Swap (CDS) when the hazard rate (or even of default) is modelled as the Vasicek-type model. The other objective is, by using South African credit spread data on defaultable bonds to estimate parameters on CIR and Vasicek-type Hazard rate models such as stochastic differential equation models of term structure. The parameters are estimated numerically by the Moment Method. / Thesis (M.Sc.)-University of KwaZulu-Natal, Durban, 2013.

Although women’s rights have been widely recognized in the international agenda, violence against women in the private sphere does not seem to decrease. Women are still suffering today from not enjoying the most basic human rights. States fail often to recognize domestic violence as a human rights violation because it is committed in the private sphere by non-states actors. Because of this the European Court of Human Rights decided to develop the due diligence standard in 2008 to combat violence against women. This thesis examines the European Convention on Human Rights law regarding domestic violence and the meaning of member states positive obligation and the concept of due diligence. The European Court has established that member states have several positive obligations to fulfill in order to address the issue of violence against women in the private sphere. However states fail too often to exercise the due diligence by not living up to the standards that has been established by the Court. It has been proven that the Convention articles are inconsistent. The Court needs too clarify exactly which measures states should take to address the issue of violence against women and send a clear message how much effort it takes to fill the scope of the due diligence standard. This inconsistency allows states to take stand in the law enforcements, which are contemplated to be dominated by male norms. The consequence of this is that women are usually disadvantaged in state law enforcement when it comes to violence in the private sphere. It is therefor of great importance to pay attention to women’s rights when it comes to domestic violence, as well as analyzing states approach in the domestic violence cases. The purpose of this thesis is to analyze domestic violence as men’s violence against women from a critical gender perspective by highlighting elements that effects states actions in the cases. The point of departure is to recognize similar behavior in states actions by focusing on the concept male norm and private and public sphere. The results revealed a clear pattern of the concepts. In each case signs of male norms expressed in a male position, where men are superior to women were shown. States divisions of the private and public spheres were also proven in the cases. States would prefer not to intervene when a woman was exposed to violence in the private sphere. This leads to women being suppressed and unable to reach legal protection in the private sphere.

La question des fondements de la responsabilité a été l’une de celles qui a le plus intéressé la doctrine depuis l’abandon du principe de l’irresponsabilité des personnes publiques. Tantôt compris comme un principe général d’explication, tantôt comme une véritable règle juridique, le fondement de la responsabilité est un élément de justification. Afin de clarifier le discours visant à expliquer le mécanisme de responsabilité, le fondement juridique de la responsabilité doit être distingué des principes qui justifient l’existence de cette règle et des conditions parfois mises à l’application de celle-ci. Jurisprudence et doctrine ont fait du risque et du principe d’égalité devant les charges publiques les deux fondements de la responsabilité sans faute en droit administratif. Cette présentation classique est aujourd’hui dépassée du fait de la création par le Conseil d’Etat de régimes de responsabilité dans lesquels la faute n’est pas exigée et qui ne sont pas pour autant rattachables à ces fondements classiques. Il apparaît donc que la présentation classique de la responsabilité sans faute doit être abandonnée au bénéfice d’une présentation centrée sur la notion d’obligation. Les hypothèses de responsabilité dans lesquelles la condition de faute n’est pas exigée peuvent alors être classées en deux catégories. Celles dans lesquelles le fait générateur méconnaît une obligation préexistante sont constitutives de véritables régimes de responsabilité, et celles dans lesquelles le fait générateur ne méconnaît aucune obligation préexistante et qui ne sont alors qu’abusivement rattachées à la responsabilité. La responsabilité sans faute, qui n’est qu’une catégorie négative n’ayant aucune unité, n’a pas de fondements propres ce qui la distinguerait par nature d’autres hypothèses de responsabilité. / Cause of liability has been one of the most discussed questions since the principle of administrative irresponsibility was given up. Sometimes seen as a general principle of explanation, sometimes as a legal rule, cause of liability is an element of justification. In order to clarify the discourse on liability, cause of liability has to be distinguished from principles which justify the legal rule of liability. For doctrine and jurisprudence, the risk theory and the principle of public expenses equality are the two causes of liability. This presentation has to be renewed because of the creation by the Conseil d’Etat of cases of liability in which the proof of a fault is not compulsory but which do not relate to classical cases. A new presentation with two categories based on the notion of obligation should be preferred. When the event giving rise to the damage ignores a pre-existing obligation it is a true system of responsibility but when the event giving rise to the damage doesn’t ignores such an obligation it is a mechanism of guarantee and not a system of responsibility. “Liability without fault” is a negative category with no unity and no specific causes. Fault is only a condition of liability: liability with fault and liability without fault are not different in nature.

The General civil code and the private law in Slovakia in the period 1918 - 1938 (comparison of the property rights and law of obligations) Abstract The aim of my thesis is to describe the comparison between The General civil code and the private law in Slovakia in the period 1918 - 1938. The comparison focuses on the property rights and law of obligations. The reason for my research is that nobody has dealt with the topic of this thesis. This thesis consists of the eight chapters, each of them analyzes the different field of thesis. Chapter One consists of three parts and deals with The General civil code. Part One explains the origin of The General civil code. Part Two describes the content of The General civil code and part Three is about development of The General civil code from 1811 to 1950. Chapter Two contains information about private law in Slovakia. Chapter Two is subdivided into five parts, which focuses on the source of law in Slovakia. The attempt of unification of private law in The Czechoslovakian republic is examined in chapter Three. This chapter is composed of two parts. Part One analyzes the unification of the private law in The Czechoslovakian republic and part Two describes the development of The bill, which implements the new General civil code. Chapter Four is about the definition of...

The thesis focuses on regulation of transfer of undertakings in the European Union and Czech law as defined by the Directive 2001/23/EC, the so called Acquired Rights Directive. Transfer of undertaking is a term used in labour law to describe a situation of change of employer as a result of legal transfer or merger. The aim of this thesis is to analyse the EU and Czech legal regulation of transfer of undertaking, especially with respect to the case law, its employment consequences, to mutually compare both regulations and finally to examine whether the Czech implementation complies with the Directive. The thesis is composed of four chapters. The first chapter is introductory and analyses the basic terminology of Czech labour law regarding employment relationship, its components and alterations, in particular the alteration of parties to employment relationship. The second chapter deals with the EU regulation of transfer of undertakings under the Acquired Rights Directive and abundant case law of the Court of Justice of the European Union. It starts with brief description of history of respective legal regulation and then describes the temporal, personal and territorial scope of the Directive. However, the scope that is the most complicated to define is the material scope, i.e. the range of cases to...

The thesis deals with the topic of transfer of rights and obligations arising from employment relationship. On the European level this institute is governed by Council Directive 2001/23/EC on the approximation of the laws of the Member States relating to the safeguarding of employees' rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses. On the domestic level, the regulation can be found in the Labour Code in Chapter XV, Part Thirteen in § 338 et seq. The thesis concerns with both regulations and examines the implementation of the Directive into Czech law. It also compares the approach of CJEU and Supreme Court of Czech republic to this issue. The topic is at first briefly introduced in the introduction. The second chapter clarifies the basic terms. Core of the thesis is the third and in the fourth chapter. Big part of the thesis is devoted to defining the scope of the regulation, that means the determination of cases, when it is aplicable. The first part of the third chapter describes the regulation of the directive and the development and current view on this issue of CJEU. The directive applies in cases of transfer of an economic entity which retains its identity. The second part of the third chapter is devoted to its equivalent in the Czech law. The Labour...

The times when closing of the contract was as simple as making an offer and receiving its acceptance are long over now. A variuosly long period preceeds an establishment of a contractual relationship. During such period, when a contract is being formed, the parties exchange their requests or essential information and negotiate the content of the contract. The longer this pre-contractual negotiation lasts, the more time, money or other means parties invest in good faith that they shall be compensated once the contract is concluded. In case the closing of the contract is not going to occur, because of a party's unfair dealings, the party in harm shall be entitled to engage liability of the other contractor. In these circumstances, the party in harm shall base its claim on a pre-contractual liability, also referred to as culpa in contrahendo. Apart from determining the pre-contractual obligations and liability for their breach in general fashion, the subject matter of this thesis is mainly an effective comparison of Czech and French relevant legal regulation. Since the legislation does not currently regulate the issue of pre-contractual liability, this thesis is focused primarily on the case law issued by courts from both states. In particular, the thesis analyzes the case law of the Czech Supreme...

A letter of credit contract and a collection contract This final thesis is focused on two important payment instruments - the letter of credit and the collection. The aim of this thesis is to analyze the letter of credit and the collection. Its main target is to describe both payment instruments and to introduce their use in real life situations and to point out advantages and disadvantages of both instruments. Both domestic and international legal arrangements as well as expert literature and articles were used to write the thesis. As a main source was used Commercial Code and unification of trade customs by the International Chamber of Commerce. The thesis is divided in 5 chapters which furthermore divide themselves into several more subchapters. Because of the fact that contract on the letter of credit and the contract on collection are fundamental for the creation of commercial law obligation the first chapter discusses the general characteristics of commercial obligations from the point of view of the Civil Code and from the point of view of the Commercial Code. Furthermore the letter of credit and the collection are one of the many of bank contracts and these are explained in detail in the second chapter. The bank itself is a party to such contracts and that is why a lot of attention is paid in the...

Title: The right to life guaranteed by the European Convention for the Protection of Human Rights and Fundamental Freedoms Author: Simona Divoká Department: Department of international law Supervisor: prof. JUDr. Pavel Šturma, DrSc. Abstract: The thesis is mainly focused on the interpretation of the article 2 of the Convention which guarantees one of the most important human rights, the right to life. In the first part of the thesis I deal with the European Convention on Human Rights, especially its aplication to be clear when the violation of the Convention is possible. Then I concentrate on the functioning of European Court of Human Rights which was constituted for the purpose to execute the control of compliance with rights and liberties guaranteed by the Convention and Additional Protocols to the Convention which contracting states obligate to fulfill. Then I handle the interpretation of the article 2 of the Convention and I try to describe with the help of judicature of the Court which obligations must be fulfilled by the contracting states and how the contracting states must behave to comply with the Convention. Substantive and procedural obligations give rise to contracting states. These obligations can be divided into positive and negative obligations. I continuously describe these...