The ramifications of fragmentation in the choice of law for shares

This article seeks to demonstrate that contrary to popular understanding, conflicts problems do not lie in the realm of intermediated securities alone, even as they are mostly represented as such in conflicts writings. Efforts to find a solution for intermediated securities have deflected consideration away from difficult issues that current conflicts approaches present even to dispositions of directly held shares and other securities. The thesis of this article is that unless these are addressed, the choice of law for intermediated securities will not find a viable solution.