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On September 2 2010, the Central Administrative Court announced a decision which had the effect of lifting the injunction against all but two projects in Map Ta Phut. This will allow many projects to proceed with construction and operation, easing uncertainty about Thailand as a heavy industry investment destination.

Steven Winegar Both Singapore and Hong Kong experienced a busy September on the lateral front. In Hong Kong Paul Hastings added Steven Winegar, a former managing director and senior counsel at Goldman Sachs, to its corporate ranks. The same office also boosted its real estate practice by relocating finance and property specialist Derek Roth from its Los Angeles post.

Gökhan Eraksoy Onur Günel

Carlos Fradique Méndez Luis Gabriel Morcillo

EU states have not embraced class actions yet. They should do so soon

Borders won’t protect foreign companies from US whistleblower rules

Alexandru Campean

A draft of the Act partially amending the Financial Instruments and Exchange Act, Etc (the 2010 Amendment) was submitted to the National Diet on March 9 2010 and was promulgated on May 19 2010. The 2010 Amendment consists of provisions to improve the stability and transparency of settlement of over-the-counter (OTC) derivative transactions including (i) systems for infrastructure development relating to clearing, (ii) a requirement to use a clearing organisation, and (iii) establishment of a system for the conservation and reporting of trading data. Provisions relating to (i) above will become effective within one year from May 19 2010 while provisions relating to (ii) and (iii) above will become effective within two and a half years from May 19 2010.

The recent Eastern Caribbean Court of Appeal decision in Trade and Commerce Bank v Island Point Properties S.A. has important implications for insolvency law within the British Virgin Islands, as well as for other jurisdictions which share a similar statutory framework to the B.V.I.'s Insolvency Act 2003 (the Act).

Charlie Baynes-Reid of Macquarie Capital in New York on bus passes and bengoshi