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  • Since being signed into law at the start of last month, market chat has centred on the Jumpstart our Business (Jobs) Act.
  • The first ever project financing in Uzbekistan has been completed.
  • One story above all others has dominated the news this month, which is the rapid downsizing and widely reported financial issues at DEWEY & LEBOUEF. What started out as a small rolling snowball of partner departures has rapidly gained momentum and size and at the time of going to press the firm has seen over 70 lawyers leave offices in the US and across Europe since the start of 2012.
  • For many years China has been implementing separate policies for urban and rural land, under which they are governed by different legal systems and governmental authorities and are traded in different markets and have different rights. Use of farm land for non-agricultural purposes is monopolised by the government. Rural land to be used for urban construction needs to be expropriated from farmers first and then sold to land users by the government.
  • Colin Riegels One of the great attractions of the British Virgin Islands as a jurisdiction for structuring finance transactions is the simple yet thorough security registration regime applicable to BVI companies. For the most part, where a lender advances money against security provided by a BVI company, registering the security and thereby protecting its priority and giving public notice of the secured party's rights is a straightforward and effective system. The legal position becomes less clear when the company is acting in its capacity as trustee of a trust.
  • Freddy Karyadi Oene Marseille The Indonesian Ministry of Finance recently revised its regulation on venture capital companies (VCC) through its regulation No. 18 of 2012, under which a VCC is defined as a business entity that conducts financing activities/capital participation in company that receives such financial support for a certain time period, in the form of equity participation, convertible bonds, and/or profit/revenue sharing.
  • Serene Sia Chen Shu The Monetary Authority of Singapore, on the advice of the Securities Industry Council (SIC), has revised the Code on Takeovers and Mergers which came into force on April 9 2012.
  • Either way, there will be obstacles
  • The deputy governor of the Bank of England, Paul Tucker, has set out ten recommendations aimed at moving the shadow banking debate towards a concrete policy agenda
  • The inventory risk turnover metric, negative presumption and foreign trades are problematic areas of the proposed Volcker Rule tipped to change in the final rule