The thesis is mapping current situation on the market in warrants as nonstandardised option contracts. Particular attention is paid to the special issues of warrants modified into the form of so called "access products". The function of such financial instrument is to open extraordinary investment opportunity to certain kind of investors, who otherwise are not allowed to make direct investment into the underlying asset itself. Access products can be considered as particular financial innovation, which spread out on Central European capital markets. The most familiar form of access products are low strike price covered call warrants, the characteristics of which are being analyzed and compared to standard options and warrants. The author also focuses on the process of issuing warrant securities on Czech capital market according to Czech law and problems linked to it, which the issuer encounters. The thesis proves on the example of Fondul Proprietatea Warrants, which were in 2010 successfully placed to third market of Vienna Stock Exchange by Czech entity, that such warrant issue is possible despite of material complications stemming from the absence of clear definition of warrants in Czech law.

台灣自民國86年開放發行認購（售）權證業務，因認購權證屬新種金融商品，主管機構在理解與經驗不足下，將其商品核定為「有價證券」，並依其架構予以管理與規範，並架構於母法「證券交易法」之下，而也因此為往後十年的權證市場種下龐大市場面問題，包含業者所得課稅爭議以及發行機制不合實際運作等。在過往十年，即使主管機關已努力進行各方面修正，但是市場牛步的成長確是不爭的事實，相較於亞洲各國，台灣權證市場的確是有很大的修改與成長空間。 本文期能以參酌香港市場規範制度，提供本國主管機構在未來針對權證管理與發行一修法方向，而其建議包含： 一、 取消限定分散以及最低成數銷售制度 二、 加強監管制度，強制發行人提供流通量造市活動 三、 取消單檔發行量限制，增設再發行（Re-Issue）制度 四、 縮短發行天期限制，降低已無價值的權證管理問題 五、 風險控管制度應再研議 / The first derivative warrant was listed on the Stock Exchange of Taiwan Limited in 1997. At the time derivative warrants were regarded as a novel product and as such there were no specific provisions in the Listing Rules for the listing of warrants. In this respect, the early decision to list warrants by adapting the rules for equity securities has shaped the current contents of the Listing Rules. The first listings of derivative warrants were accomplished by adapting the rules for the listing of equity securities to the characteristics of derivative warrants. Finally, three recommendations will be provided in the discussion and conclusion sessions. 1. Suggest the Exchange to abolish the requirement to place warrants to a minimum number of places and to abolish the current 30% limit on the percentage of an issue which an issuer may retain at launch. 2. Provide a regulatory regime that is more tailored to the specified requirements of derivative products and the issuer shall be required to provide liquidity in each structured product issue. 3. Suggest the Exchange to abolish the minimum size of the each issue of the derivative warrant and provide a rule for the Further Issues (Existing Issue or Re-Issue). 4. It is proposed to allow Issues with a minimum period the expiry of three months compared to the current six months to avoid the problems of the listing management. 5. Should be mort study of the regulations of risk controls.

En el presente trabajo de investigación demostramos que aún, ante las medidas liberales dictadas por el gobierno, que afectan al sector automotriz, han venido afinando su capacidad gerencial para el crecimiento de las compañías, encontrándose con un problema común algunas de ellas, como, el sobre stock de inventarios y la necesidad de mejorar los métodos logísticos que mejoren las compras, tal es el caso de la empresa Ostim S.A., que ha limitado el crecimiento del volumen de sus ventas ante el insuficiente sistema de compras, siendo entonces necesario implementar una herramienta alternativa de financiamiento de corto plazo como es el Warrant, lo cual implica también, un costo financiero cuyo impacto intentamos medir a través de las teorías. El objetivo de la investigación es evaluar en qué medida el Warrant contribuye a resolver problemas de liquidez en el corto plazo, y simultáneamente el sobre abastecimiento de inventarios esto debido a una inadecuada política de compras, por tanto no pudiendo preveer las ventas, este fue el caso de la empresa Ostim S.A., que gracias a este instrumento financiero pudo mejorar financieramente y posicionándose dentro del mercado peruano. La metodología empleada en el presente trabajo de investigación es de tipo Experimental por cuanto busca responder a las causas del problema de liquidez financiera como también a la reposición de mercadería de más alta rotación, así mismo también el trabajo de investigación es eminentemente aplicativo por cuanto con los diversos métodos empleados logramos darle una solución de falta de liquidez en el corto plazo a la empresa Ostim SA., Es gracias al Warrant que se puede movilizar el valor de los activos improductivos sin tener que venderlo. Siendo el único requisito demostrar que los inventarios pertenecen a la empresa. También el Warrant nos permite financiar un periodo de acopio y así enfrentar al mercado, permite a la empresa ser más útil en el manejo de stock, pudiendo ser retirado parcialmente aquellos inventarios en custodia de esta manera la empresa es más competitiva y siempre contando con una variedad de productos para ofertar al mercados.

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The reason of this work is to unify the knowledges about European arrest warrant into international judicial cooperation in criminal matters, to show the differences between process of classic extradition and extradition on the grounds of European arrest warrant and to demonstrate an implementation of the Council framework decision on European arrest warrant and the surrender procedures 2002/584/JVV into the Czech Republic legal order and some other European Union member states.The work is composed of four chapters. Chapter one describes the history of the institute of international judicial cooperation in criminal matters and the grounds of the idea of European arrest warrant.Chapter two defines the term extradition, explains its main principles and compares the process of classic extradition and extradition on the grounds of Europaen arrest warrant.In chapter three is analysed the Council framework decision 2002/584/JVV,its principles, its relation to international treaties dealing with judicial cooperation in criminal matters (especially the European convention on extradition) and the implementation of this framework decision into the Czech Republic legal order and legal orders some other European Union member states. In this chapter is also illustated the decision of the Czech Republic Constitution...

The criminal warrant represents a specific form of decision in criminal matters and a type of simplified procedure as well. A single judge can issue a criminal warrant without trying the matter in the main trial if the facts are substantiated by reliable evidence. The criminal warrant has the nature of a convicting judgment. This type of simplified procedure is enacted under provisions § 314e to § 314g of the Code of Criminal Procedure. The criminal warrant is used in practice very often for its fastness and economy. In 2012, single judges by means of a criminal warrant, decided on 54,64 % of criminal cases (accused) before the District Courts within the whole area of the Czech Republic. The purpose of the thesis is to analyse the criminal warrant in all its aspects. The thesis is composed of nine chapters. Chapter One describes the history of the criminal warrant from 1918. Chapter Two focuses on relations between the criminal warrant and the basic principles of criminal procedure. Chapter Three describes the criminal warrant as a specific form of decision in criminal matters, procedure and conditions for issuing a criminal warrant, the penalties that can be imposed by means of a criminal warrant and the position of a victim. Chapter Four concentrates on the criminal warrant as a special method of...

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