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With China facing the need to enhance retirement income security, opportunities exist for foreign hedge funds

Hong Kong and China counsel disagree over whether the PRC government should introduce its onshore reforms with more caution

The only real mover in Asia in December was Minter Ellison which took the opportunity to hire a three strong team from Jones Day in Hong Kong. Barbara Mok, Anne Ko and Katherine U all join the Australian outfit.

Europe Since the euro crisis broke out last year, hardly a day has gone by without press speculation about the departure of one or more euro area members. But reports of the euro's death (or fragmentation) are greatly exaggerated.

Lack of a restructuring mechanism and in-built disincentives are hampering restructuring of European CMBS

Slow but sustainable growth is the key to avoiding a securitisation bubble

As US courts debate the interpretation of the PSLRA's statutory safe harbour for forward-looking statements, issuers must focus on drafting cautionary risk disclosures that are dynamic

Gökhan Eraksoy Tugçe Ugurlu The Draft Communiqué on Insurance Agents continues to be the subject of controversy in the insurance sector as it introduces important new rules designed to increase the level of regulation of insurance agents. In view of this objective, registration of insurance agents in the records kept by the Union of Chambers and Commodity Exchanges of Turkey (where the insurance agents active in specific sectors are listed) becomes a precondition of operating as an insurance agent and entering into agency agreements with insurance companies.

We'll know for sure in January. The Securities and Exchange Commission (SEC) is required to report to Congress concerning its view of the efficacy of existing legal and regulatory standards of care for brokers, dealers and investment advisers and associated persons who provide personalised investment advice to, and make recommendations about securities to, retail customers. The Dodd-Frank Act requires that this report be submitted within six months' time.

Claudia Chiper In October 2008, the EC reported that the legal framework set forth by the first Electronic Money Directive was holding back the development of the market. Therefore, with a view to enhance competition and to facilitate innovation in the developing field of e-commerce, in 2009, the EU adopted Directive 2009/110/EC on the taking up, pursuit and prudential supervision of the business of electronic money institutions amending Directives 2005/60/EC and 2006/48/EC and repealing Directive 2000/46/EC (EMD). Member states are expected to implement EMD into their national legislation by April 30 2011.