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  • Carlos Silva, Morales Besa & Abogados, Santiago A new law on corporate governance entered into effect on January 1 2010 that modifies the securities and stock corporation laws in Chile.
  • Recent changes to Cyprus's Income Tax and Special Defence Contribution laws will benefit holders of units in Collective Investment Schemes, boosting Cyprus's attractiveness as a base for such schemes.
  • New legislative provisions will come into effect shortly in the British Virgin Islands (BVI) relating to financial services, insurance business and financing and money services. They will provide an enhanced platform in these areas of the financial services industry, again demonstrating the commitment of the BVI to ensuring its legislation provides transparent regulation that is appropriate for the BVI as an OECD white-listed jurisdiction.
  • A considerable number of loans granted in Albania have been secured with pledges on movable properties or with mortgages over immovable properties.
  • By Niclas Rockborn and Charlotta Falkman Gernandt & Danielsson
  • By Eve Kosofsky and James Fox Carey Olsen
  • By Louis J Bevilacqua and Jiannan Zhang Cadwalader Wickersham & Taft LLP
  • By David Oser and Stefan Waller Homburger
  • By Alejandro Candioti Candioti Gatto Bicain & Ocantos
  • The latest changes that the Capital Markets Board (CMB) has introduced to the Communiqué on Real Estate Investment Companies (REICs) have put these companies in line before the CMB to go public. Initial public offerings (IPOs), which had nearly ground to a halt due to the global financial crisis, seem to be livening up the real estate investment sector thanks to healing signs in the market and the latest amendments to the Communiqué, which soften IPO conditions for REICs.