This paper studies the existence of finite equational axiomatisations of the
interleaving parallel composition operator modulo the behavioural equivalences
in van Glabbeek's linear time-branching time spectrum. In the setting of the
process algebra BCCSP over a finite set of actions, we provide finite,
ground-complete axiomatisations for various simulation and (decorated) trace
semantics. We also show that no congruence over BCCSP that includes
bisimilarity and is included in possible futures equivalence has a finite,
ground-complete axiomatisation; this negative result applies to all the nested
trace and nested simulation semantics
