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Unlikely to be repeated With Dubai World set to receive a $9.5 billion cash injection, the market is considering lessons from the near-default. The state-owned company's troubles have exposed short comings in local law – especially Dubai's insolvency regime – that need to be addressed.

New York goes it alone on CDS Senator Dodd's financial bill does not propose the treatment of credit default swaps (CDS) as insurance, so New York State is taking the law into its own hands.

The firm expands its private equity practice

On March 10 2010, the Korean government submitted a revised bill of the Commercial Code to the National Assembly that introduces poison pills in Korea. It does so by granting existing shareholders certain rights to acquire new securities. This so-called New Share Acquisition Option system allows the poison pill in Korea to be used as a defensive measure against hostile takeover threats. It is not a general allowance of warrants that can be used as a financing method, which is not allowed under Korean law. The main aim of the Korean government in introducing the poison pill in Korea is to foster fair competition between potential acquirors and targets by striking a fair balance between offensive and defensive measures available in the Korean market for corporate control. The hope is that this will prevent waste of corporate resources devoted to hostile takeover defenses (such as greenmail). These resources should instead be devoted to more productive uses such as investment and research and development spending.

Iulia Bunescu Increased awareness and concern on the effects of global warming has prompted society to find ways to minimise the effects of gas emissions on climate changes.

The International Service Law (ISL) regulates the establishment and operation of service parks and service centres, as well as the responsibilities of owners of companies that provide those services. It was enacted in El Salvador as a solution to many services provider companies that were operating under the Industrial and Commercial Free Trade Zone Law (FTZL), which was not originally created for that purpose. The ISL has similar benefits and fiscal incentives as the FTZL, but is tailored for these kinds of companies.

Mexico has very good wind resources for power generation in the Isthmus region, Baja California, and Tamaulipas. The Isthmus is one of the most wind energetic places in the world due to the different atmospheric pressures in the Golf of Mexico and the Pacific which generates steady strong winds mostly from the north (Golf). Plant factor in such region is close to 50% which means you can achieve an average yearly power production during approximately 4,380 hours at rated capacity. This is a very large by European standards.

Law 196 of December 31 2009 introduced a major reform to the public accounting and financial system. The new accounting law aims at harmonising the structure of budgets and the accounting rules applicable to the public sector.

Francisca Perez, Morales Besa & Abogados After several years of negotiations, last February 4 the governments of the US and Chile signed a double taxation treaty with respect to taxes on income and capital. This convention will integrate the Chilean treaty network of over 20 agreements as of this date.

Indonesia’s voluntary pre-merger regime failed and notification is now mandatory. But the new rules could be counter-productive