변호사처럼 생각하기 Flashcards
legal rules
Elements(preconditions) + legal consequences
CISG?
Convention on the International Sale of Goods
(UN)
Statutory interpretation
Literal
Contextual
Teleological (telos = purpose)
Comparative
Historical
hierarchy of laws
European Union Laws»_space;>
Constitution >
Laws passed by the parliament (e.g. Civil code, Children’s act), & international laws >
laws passed by the administrative bodies (e.g. High education act of the state of Berlin, and then 각 학교에 위임됨)
If an Executive power wants to sign the international agreement
Parliament should agree. Ratification
Hierarchy - EU laws
Primary EU law: Treaty of the European Union, Treaty on the Functioning of the European Union
Secondary EU law: Regulations, Directives, Decisions
EC?
입법 제안하는 곳. 각 국가의 Part of the sovereign power 를 위임받은 주체들.
Supremacy of EU law
Explain
EU law overrides any kind of national law
Developed by ECJ case law (european court of justice)
Hard law, soft law?
Can be enforced by the state —> hard law
Hard law: EU law,national law
Soft law: International law (cannot be enforced, limited by state’s sovereignty)
성문법의 원칙
- 상위법 우선: 헌법> 법률> 명령> 규칙
- 특별법 우선: 특별법 > 일반법
- 신법 우선: 신>구
판례의 법적 구속력?
판례가 법은 아니니 법적 구속력은 없지만, 사실상의 구속력이 있음. 과거 대법원의 판결을 부정하지 않기 위해 선례와 같이 판결하는 경향이 있기 때문.
시대 흐름에 따라 과거 대법원의 판례를 바꿀수 있는데, 대법원 전원 합의체로 2/3 이상 동의 필요
(법적 안정성을 해하지 않기 위함)
What are relevant for 유럽연합의 conflict rules
Harmonized conflict rules
Law of obligations (contracts, torts)
Property and succession
Family law (marriage, divorce, childeren)
Who are energy traders?
- Energy companies (e.g. Exonmobil)
- Trading houses (e.g. Vitol)
- Financial institutions (e.g. Goldman Sachs)
- Sovereign entities (e.g. Mexico)
Derivatives?
A derivative is a financial instrument whose value depends on the underlying asset.
4 Types of self-consumptions
- Net-metering: balance between injected & consumed power with same tariff
- Net-billing: balance between injected & consumed power with different tariff
- Zero feed-in: allowed installation of system with condition of no-feeding excess on grid
- Wheeling: balance between injected & generated energy not necessarily in same location and different tariffs.
Destination restrictions <-> flexibility?
Seller can deliver an LNG cargo to any terminal in Southeast Asia (as an example)
ASEAN 내에서도 계절성이 다르기 때문에 (동북아는 겨울에 수요가 피크인 반면 남아시아는 그렇지 않음), 그리고 국가별로 신용도 등 파이낸싱 능력이 다르니까 이렇게 자율성을 부여하면 유동성이 높아질 것이라는 글이었음.
Rationale of linking crude oil price to LNG?
Oil has a liquid and established market, traders can hedge their positions easily.
FSRU?
Floating storage and regasification unit
Permanently moored near shore, fast-track LNG import solution
Quant trading?
Buy side: trader, analyst
Sell side: hedge funds, investment funds
Tick data?
The smallest unit of data in the financial market.
Trade data, Quote data (호가) 로 나뉨
금융시장에서 오더의 구분
시장가 (market order): immediately. 따라서 liquidity taker’s order.
지정가 (limit order): 내가 원하는 가격에. Liquidity provider
Open outcry?
Pit 에 모여서 호가 쩌렁쩌렁하게 거래 의사 타진하는것.
가장 오래된 거래소는 CBOT (Chicago Board of Trade)
LNG value chain ?
- Sub surface reservoir 에서 natural gas 추출
- Non hydro carbons 제거 (including H2S_ hydro sulfide, N2_ nitrogen, CO2, H2O)
- Through pipeline, to the Liquefaction factory (Cooled to be liquid)
- Large insulation tanks 에 모음
- LNG ships에 태움
- 도착하면 At terminals, to insulation tanks —> regasification —> pipeline
법의 분류
공법(public law) / 사법(private law)
일반법(general law) / 특별법(special law)
성문법(civil law) / 불문법(presidential law)
