Search results for

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.

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.

Chun-yih Cheng The Deposit Insurance Act was amended before the end of 2010 to expand its coverage to foreign currency deposits and interest on all covered deposits accrued until the last business day of the failed banks. However, insurance payments will be made only in the local currency (the New Taiwan dollar) regardless of the denomination of deposits.

Nobuharu Sakai The Act Partially Amending the Financial Instruments and Exchange Act, Etc. which was promulgated on May 19 2010 (2010 Amendment) introduces regulation and supervision of operators of Type I financial instruments businesses on a consolidated basis. Provisions relating to this introduction will become effective on April 1 2011.

As the global economic recovery quickens, M&A deals between foreign companies are on the rise, especially large scale cross-border M&A which can impact the Korean market.

Foreign contractors new to the Gulf region and bidding for contracts awarded by the Kuwait Government for the first time are often unaware of the Kuwait Offset Programme (KOP), and fail to factor the KOP's commercial impact into their project budgets.

The Committee’s formal rules apply a more demanding approach to determining leverage ratios and liquidity requirements than risk-weighted assets

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.