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  • Anthony Coleby The regulation of investment business in Kuwait and the licensing of persons authorised to conduct it under the new law is covered by Chapter V of the Executive Regulations issued by the Capital Markets Authority (CMA). The chapter is 118 articles in length, making it the second-largest of the 13 chapters comprising the Regulations, and represents a very significant overhaul of the legislation that it either supplements or replaces.
  • Mizuki Kasai The act on the partial amendment of the Law on Special Measures for Industrial Revitalization and Innovation which aims, among other things, to promote prompt and flexible reorganisation by companies pursuing enhancement of international competitiveness, was promulgated on May 25 2011 and became effective on July 1. The amendment includes new special measures concerning exchange tender offers in which shares of tender offerors are paid in exchange for offered shares of target companies.
  • Freddy Karyadi Oene Marseille On 30 September 2011, Bank Indonesia issued three new regulations on the foreign exchange policy related to export proceeds and withdrawal of offshore borrowing:
  • Ricardo A Pellerano On September 5 2011, the General Internal Revenue Office of the Dominican Republic (DGII) issued General Rule No. 13-2011 appointing financial institutions as withholding agents with the obligation to withhold 1% of interests to be paid to their corporate clientele.
  • Francisco Darío Lobo In Honduras, domestic and foreign investment is regulated by the Investment Promotion and Protection Law (in force since May 27 2011). This law provides for a series of guarantees for the investors and their investments, regulates private investment insurance, title insurance for the acquisition of real estate, and protection for investments over real estate.
  • Claire Pavlou Elina Stratiki For the sake of national security and national territorial integrity, Greece has adopted certain legislative transactional restrictions applying to specific areas of the Greek territory characterized by law as "border areas". The main enactment regulating transactions relating to the Greek border areas is L. 1892/1990, as in force following its latest amendment by L. 3978/2011.
  • The US bankruptcy code provides opportunities for foreign companies to purchase or protect assets in the US
  • The IFLR1000’s 2012 law firm rankings provide an insight into an unsettled and ever-changing market
  • Certificates of deposit offer exciting growth opportunities in Hong Kong’s capital markets but should be approached with caution
  • An in-house lawyer explains how to develop an FCPA compliance programme for a large financial institution