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Mafalda Monteiro The Portuguese Securities Market Commission (CMVM) has amended the existing corporate governance regime for listed companies as a result of the severe impact of some practices of corporate governance brought to light by the current financial crisis.

Mauricio Salas, BLP Abogados On June 7 2010, the Washington based Inter-American Investment Corporation (IIC) approved an equity investment of up to $1 million in preferred shares in Financiera Desyfin SA. Desyfin is a financial entity which has been licensed and based in Costa Rica since 1991.

Jem Li Helen Zhang The Administrative Measures for Foreign Enterprises and Individuals to Establish Partnership Enterprises in China (the Measures), promulgated by China's State Council on December 2 2009 became effective on March 1 2010. The Measures open up partnership as a structure for foreign investment in China. Beginning March 1 2010, non-Chinese entities and individuals, alone or with Chinese individuals, legal persons and other organizations, are allowed to set up foreign invested partnerships (Fips).

Companies could soon be subject to more unwanted offers. Here’s how the UK deals with hostile bids

Market practitioners have reacted with scepticism to a set of model investment-grade bond covenants proposed on June 21 by a consortium of industry bodies

Foreign-cubed securities class actions can no longer be filed in the US due to a decision in Morrison v National Australia Bank. On June 24, the Supreme Court found that foreign investors buying securities of a foreign company on a foreign exchange cannot bring fraud actions in the US.

As the State Administration for Industry and Commerce (SAIC) deals with its first two cases, the regulator has released three second drafts of rules on monopolistic agreements, abuse of dominance and abuse of administrative powers.

Like a medical student trying untested medicines, apparently. A lack of clarity from regulators is holding securitisation back, as is the need for a new breed of sophisticated and engaged investors. Issuers must be prepared to communicate more with both regulators and investors, providing extra detail that will make them comfortable with approving and entering into deals.

KHFC has closed a $500 million covered bond. It's the country’s first statutory offering – but supplementary contracts were needed to fill gaps in the legislation

Six weeks after the amended rule 17g-5’s implementation and issuers are starting to shun rated deals