As I noted a few months ago, the Hague Securities Convention has now come into force. The Hague Conference has now published a second edition of the explanatory report that accompanies the Convention.

I remember receiving a gift of a few shares of stock in some large company or other when I was a kid. I received an engraved certificate with the company’s logo, my name, and a lot of legalese that at the time I couldn’t decipher. The naive thought, of course, is that the piece of……