TY  - JOUR
IS  - 3-4
EP  - 385
SP  - 371
TI  - Commodity derivatives, contract law, and food security
PB  - Taylor and Francis
A1  - Chadwick, Anna
ID  - enlighten177191
UR  - https://eprints.gla.ac.uk/177191/
JF  - Transnational Legal Theory
Y1  - 2018///
AV  - public
N2  - Speculation in commodity derivative markets has been linked to the causation of the 2007-
11 global food crisis. Derivatives have also been implicated in the causation of the global
financial crisis. Much of the legal scholarship on derivatives is concerned with how best to
regulate their use. Other work has pointed to the role of transnational actors, such as the
International Swaps and Derivatives Association (ISDA), in facilitating the growth of the
global derivatives market. What is missing in this scholarship is an account of how the norms
of contract law have been altered, extended, and even distorted to create a new generation
of financial assets linked to food prices. In this paper, I begin a project of examining how
the trade in commodity derivatives has disrupted some of the established principles of
contract law, and I reflect on the significance of my findings for the debate about derivatives
regulation.
VL  - 9
SN  - 2041-4005
ER  -