从2008年开始Moët Hennessy Louis Vuitton就通过现金认证股权的方式与三大银行进行权益交换，那时奢侈品行业正深陷危机。
LVMH built the stake through cash-settled equity swaps with three banks that dated back to 2008, when the luxury industry was in a deep crisis.
有些哲学家论证说，权利只存在在于社会契约中，是责任与权益相交换的一部分。
Some philosophers argue that rights exist only within a social contract, as part of an exchange of duties and entitlements.
译文：有些哲学家争辩说，权利只存在于社会契约之中，是责任与权益相交换的一部分。
Some philosophers argue that rights exist only within a social contract, as part of an exchange of duties and entitlements.
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