Research On Valuable Instruments In Applicable Law

Since April 1, 2011,the implementation of the "Law of the Application of Law for Foreign-related Civil Relations of the people’s Republic of China " and the article 39 rules to the securities laws or other closely related to securities law, the right to achieve applicable securities;Properties for foreign securities laws applicable to the connection points are founded legal basis,but it can’t guide the application of judicial practice. This article relates to the concept of for valuable instruments, the issuance and trading process to the legal relationship; between the paper it introduces the major countries on international treaties and foreign securities laws applicable legislative provisions, thus the idea behind the legislation based on the principle that most closely linked principles, retain the principle of autonomy and the principle of public order;then in judicial cases as a starting point, discusses foreign securities laws applicable to the development of changes in legislation and further raise its shortcomings, mainly from the qualitative description of the legal relationship between the division and lack of points; Finally,a clear qualitative foreign securities, the legal relationship briefly into property relationship,contractual relationship, the relationship between the three areas were identified tort law applies,and I want to contributes to the small investors from the perspectve of the capital market.