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  • The proposed law has too many exemptions and prohibitions that do not extend to M&A agreements
  • UK companies may have a new choice in listing, but is there a danger the regulators have watered down standards to attract new listings?
  • The Reits structure limits oversight In a move that the Philippines hopes will encourage real estate investment, the country is set to enact a new law allowing Reits to be set up. But their success could be scuppered by an unusual structure that limits oversight.
  • Derivatives rules are beginning to feel oppressive The EC’s communication on derivatives markets has stopped short of shifting all transactions onto regulated exchanges, but still contains oppressive measures. Industry bodies will be lobbying hard to keep the proposed capital charges as low as possible before legislation is finalised next year.
  • Proposed changes to the Prospectus Directive are unexpected, unclear and potentially counterproductive. But left unchecked they could be in place by Christmas
  • Counsel are begging for clarity on Indonesia's new language requirements for deal documentation
  • The most innovative, cross-border transactions and law firms in the Middle East last year
  • Kevin Muzilla Allen & Overy has gained a new partner in its London office. Kevin Muzilla (right) joins the firm's corporate finance practice from Milbank Tweed Hadley & McCloy. Muzilla is a specialist in US high-yield debt so Allen & Overy will hope to use his expertise on some of the new European issuances.
  • In an attempt to boost the Romanian economy and to ensure that small and medium-sized enterprises (SMEs) as well as large companies experiencing financial difficulties may have access to finance for investment and working capital, the Romanian Government acting through the Inter-ministerial Committee of Financing, Guarantees and Insurance (ICFGI) has passed a set of norms regulating the terms and conditions establishing a state aid scheme.
  • Recently the Indonesian Capital Market and Financial Institution Supervisory Board (Bapepam-LK) updated some of its regulations to boost the financial and capital markets on (i) syariah securities issuance, and (ii) public offering of securities.