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The Tokyo Stock Exchange has amended its rules to allow simultaneous demutualisation and listing – a boost for life insurers

The SEC’s proposed overhaul of Regulation AB is attracting criticism for its introduction of skin-in-the-game and the increase of disclosure required for private placements

Hong Kong wants statutory backing for the disclosure of price-sensitive information. But the exchange and SFC must work together

Opinion amongst lawyers is divided on how far law firms and accountants should go when looking beyond standard legal opinions

US law firm of the year

Mutual funds have been given a greater role in improving Indian companies' governance.

On the face of the Spanish EU Presidency The withdrawal of the Alternative Investment Funds Managers (AIFM) Directive from the agenda of Ecofin's March 16 meeting has thrown its future into doubt, and undermined the EU's qualified majority rules.

Most of us now know the details of Goldman Sachs's involvement with the ill-fated Abacus CDO and the fraud action from the Securities and Exchange Commission (SEC), as well as Goldman's indignant response. But what does it mean for banks and their relationship with both interrelated products and regulators? Elizabeth Fournier and Nicholas Pettifer spoke to bankers' counsel immediately after the news broke. One key concern emerged: the convergence of wrappers in products and the muddying of boundaries between products that this brings.

Matija Repolusk, Wolf Theiss, Ljubljana Gregor Zorman, Wolf Theiss, Vienna On 29 December 2009, the amendments to the Slovenian Tax Procedure Act (Zakon o spremembah in dopolnitvah zakona o davcnem postopku) were published in the Official Gazette of the Republic of Slovenia, which introduces a new chapter III.a (Articles 383b to 383g) regarding withholding tax on income from materialised and dematerialised financial instruments, if such income is paid to a person who receives it for the account of a third party. These new rules will become applicable on July 1 2010. Until then, further regulations providing more detailed rules are expected to be adopted.

Until a framework for equity-conversion triggers is developed, there’s no guarantee they will work