这些法学教授们发现，当距离违约仅一步之遥时，投资者不会买入并持有英国法律辖内公债，而是纷纷奔向较为安全的资产类别。

What the law professors have uncovered is not investors buying and holding English-law governed bonds, but investors piling into the safer asset class when a default appears imminent.

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第二个层面，分析传闻证据的形成过程，探究传闻证据的内在属性、类别、传闻证据规则的内容以及其中蕴涵的法律理念。

The second level, will analyze the formation process of the hearsay evidence , probe into the inside attribute, category, the contents of the hearsay evidence rule and law principle in them .

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从法律层面来看，建立类别股东制度既有法律上保障也存在法律上的障碍。

From the law vision, to establish category stockholder system has legal protection as well as legal barriers.

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