Search results for

New rules will help pre-production minerals companies list in Hong Kong

Sovereign issuers can no longer rely on reputation alone when selling bonds. They must face up to industry disclosure standards, and investors should demand more too. Plus, why the FSA is better than the Bank of England and predictions on the overdue IPO boom

Claudia Arnautu On April 28 2010 Government Emergency Ordinance no. 37/2010 entered into force implementing a series of amendments to Government Ordinance no. 10/2004 on credit institutions' bankruptcy.

Dubai's real estate market has perhaps been under greater scrutiny in the aftermath of the credit crunch than during the boom years of the mid 2000's. After the price falls of late 2008 and 2009, some stability now appears to be returning to the market.

On February 11 2010, the Law of Ukraine On the Procedure for Settlements in Foreign Currency No.185/94-BP, dated September 23 1994 (the Settlements Law), was amended to restore the previously existing 180 Day Rule. This Rule provides that (1) the receipt of payment by a Ukrainian exporter for its delivery abroad of goods (defined to include works, services and intellectual property rights) in advance of payment, and (2) the receipt of goods from abroad by a Ukrainian importer where payment has been made in advance of the delivery of the goods, is required to occur within 180 days from the corresponding advance delivery or advance payment. This 180 day timeframe may only be extended pursuant to a special decision of the Ministry of Economy of Ukraine.

The Corporate Restructuring Promotion Act of Korea has been performing an important role in domestic corporate restructuring ever since it was enacted in 2001. But the Act has also been criticised as a violation of private autonomy and an excessive restraint on property rights. At one point, the issue of whether or not the Act violated the Korean Constitution was raised at the Constitutional Court of Korea. As the Act faces expiration on December 31 2010, there are various discussions on the institutional function and validity of the Act.

Mafalda Monteiro The Payment Services Directive (PSD) was transposed into Portuguese law last November and was received with criticism by consumers associations and other civil society groups in Portugal. Their concerns were mainly related to the fact that the PSD expressly provides for the possibility of merchants to collect charges from consumers on purchases made through point-of-sale terminals. The issue became so important that it was raised in the Parliament by some opposition parties only a few days after the PSD was implemented into Portuguese law.

Diego Martín Menjívar Many believe otherwise, but it is not necessary to satisfy a multitude of individual legal acts to produce the full transfer of assets and liabilities of the merged companies to the resulting entity (or acquirer). The asset transfer works by law, using this universal title, and the different rights and obligations of the merged companies are transferred in one single and individual act: The new company or the merging one acquires the rights and all the obligations of the merged companies (Article 315 of the Commercial Code).

Ingrid de Wilde All Dutch banks apply the same set of general banking conditions (GBC), drawn up by the Netherlands Bankers' Association in consultation with consumer and corporate organisations, setting out a number of basic contractual provisions which regulate the relationship between the bank and its customer.

More than two years after the enactment of the new company law which limits the ownership period of bought back shares held by the company, the Indonesian Capital Market and Financial Institutions Supervisory Board (Bapepam-LK) has revised Rule No. XI.B.2 (the Rule) on share repurchase. The revised Rule also revokes the 2008 rule concerning buy back shares in the market having potential financial crisis.