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The new Equity Guidelines of the Malaysian Securities Commission (SC) came into effect on August 3 2009. As a result, the SC's prior approval under section 212 of the Capital Markets and Services Act 2007 will no longer be required for many corporate proposals, save for certain substantive corporate proposals in the main market of Bursa Malaysia Securities Berhad (the Malaysian stock exchange). One area that still requires prior approval is acquisitions resulting in a significant change in business direction or policy of a listed corporation (reverse take-overs (RTO) and back-door listings).

The Brazilian Monetary Council (CMN) recently enacted a new resolution concerning the investments of closed pension funds. CMN Resolution 3,792 supersedes CMN Resolution 3,456 and provides a new regulatory framework for the subject matter.

Pre-packs have arrived in Hong Kong, but restructuring reform is needed before the structure can really affect the market

The Securities and Futures Commission's defence of its investigation techniques. And the market's response to that defence

In a distressed sale, is it reasonable for a liquidator to exit on receiving notice that his appointment is being challenged?

This year, the Turkish prime minister's favourite saying has been that the global economic crisis would touch Turkey "only tangentially". Arguably, he is right. The root cause of the financial meltdown was the collapse of the sub-prime mortgage bond market, and this was not the preferred type of security for many Turkish investors. Now, after waiting for the securities markets to settle, the Capital Markets Board (CMB) of Turkey has introduced the Communiqué on the Principles of Asset Covered Securities (Serial: III, No: 38), enabling issuers of securities to diversify financing opportunities.

This article outlines the pertinent issues with regard to the regulation of covered bonds under Slovenian law. The relevant statutory provisions are primarily contained in the Mortgage Bond and Municipal Bond Act (Covered Bonds Act).

Mexico's federal Congress recently passed a bill to amend the two main pieces of legislation that regulate federal government procurement, the Law for Government Acquisitions, Leases and Services (Ley de Adquisiciones, Arrendamientos y Servicios del Sector Público) and the Public Works and Related Services Law (Ley de Obras Públicas y Servicios Relacionados con las Mismas).

As the global economic crisis affects Albania and more borrowers default on loans, lenders are becoming increasingly concerned with the provisions of Albanian law on the preferential rights of creditors in enforcement procedures.

Morgan Stanley's co-head of legal in Germany has always consciously chosen paths that involve some steep and rapid education