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  • Greece’s situation could already constitute a credit event. What are the consequences if it does?
  • Corruption is easing in Indonesia but offshore arbitration remains the best choice for foreign parties
  • Takrir’s financing will allow the company’s refinery at Mostorod to be redeveloped Egyptian Refining Company's (Takrir) $3.5 billion financing has overcome completion risk and credit support fears, in what is Africa's largest project financing.
  • Metito Utilities' mezzanine capital raise, funded by NBK Capital and the IFC, is the first hybrid deal of its kind in the Middle East. But while mezzanine financing is expected to grow in the region, Metito's structure might not be replicated for a while.
  • The Pear River delta Hopewell Highway Infrastructure has closed the first renminbi-denominated bond offered to international investors.
  • SEC’s 17g-5 rule is unclear at best The disclosure requirements imposed by the US Securities and Exchange Commission's (SEC) rule 17g-5 highlight the expanding gap between regulators' intentions and the practical implications of their rulemaking.
  • The Central Bank of Cyprus has recently announced that the Central Bank of the Russian Federation has removed Cyprus from the list of countries it regards as offshore centres with preferential tax regimes. Under a regulation introduced by the Central Bank of the Russian Federation in 2003, transactions by Russian banks with banks in jurisdictions which appear on the list are subject to a number of restrictions.
  • Dual listing of shares has been recently implemented in Colombia. Colombian regulations now allow for a foreign issuer to list its shares in the Colombian Stock Exchange (CSE) either (i) by dual listing procedure, or (ii) by registering with the Securities Trading System for Foreign Securities (Sic).
  • Maria Danailova Viktoriya Petrikova The need to implement Directive 2007/66/EC, which aims to improve the effectiveness of review procedures concerning the award of public contracts, has recently provided an occasion for the business community to advance suggestions for various changes to the Bulgarian Public Procurement Act (PPA). Following publication in State Gazette (52/2010 and 54/2010), the amendments to the PPA are now in force.
  • Hong Kong’s lack of merger review regime will lead to legal uncertainty and harm M&A activity