On October 3 2011 the National Assembly of the Republic of Slovenia implemented into Slovene law 2009/65/EC of the European parliament and of the council of July 13 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (Ucits).
The nominations for the international and in-house categories of this year’s IFLR Middle East awards have been announced. For the full shortlists, read on
Anthony Coleby One of the most important features of the new Capital Markets Law is the establishment of a Stock Market Court and this is dealt with in the law by Articles 108 to 117. This court has been created as a special tribunal independent from the mainstream Kuwait judicial system, being carved out of the Court of Cassation.
Ingrid de Wilde Angelique Thiele In March 2011 a bill was published for consultation to extend the powers of the Dutch Central Bank (DNB) and the Dutch Minister of Finance to intervene in credit institutions, special purpose reinsurance vehicles and insurers that are experiencing "serious irreversible problems". The bill, referred to as the Intervention Act, is intended to fill the gap between already existing statutory powers with a view to preventing financial institutions from getting into financial difficulties and, at the other end of the scale, existing rules with respect to emergency regimes and bankruptcy of financial institutions.
One of the important purposes of the Pemex law enacted in 2008 was to allow Petróleos Mexicanos (known as Pemex) to implement new contractual schemes for petroleum production which would no longer be subject to the restrictions of the Public Works Law. It took some time from the effectiveness of the reform in November 2008 to the publication in November 2010 of the of the new model contract, known as the Generic Service Contract Specimen for Evaluation, Development and Production of Hidrocarbons.
