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  • It is now a fact that the Romanian housing market has been severely affected by the financial crisis. Faced with housing transactions falling off over the past five months by more than 36% compared to the same period last year, the Romanian Government decided to not waste any more time and, on June 3 2009, adopted Emergency Ordinance 60 to set the general rules for the enforcement of the First Home programme. We were assured that methodological norms to detail the said rules will follow shortly.
  • On May 19 2009, the Tokyo Stock Exchange (TSE) announced that it will revise its listing system, including its rules. These revisions are scheduled to be implemented in August 2009 with some exceptions.
  • BVI companies are regularly used as asset holding companies. Security packages cover almost all asset classes with real property, ships, aircraft, securities and shares probably being the most common.
  • Lenders have the power now - but how long will it last?
  • JJB's successful CVA has brought this rare procedure into the spotlight, and government reforms could make it easier. But potential copycats will have to be diligent, realistic and fair
  • Vague drafting and political one-upmanship is getting in the way of concrete legislation, but the inevitable is just being delayed
  • Every partner's now an insolvency and restructuring lawyer, or so the joke goes. But this has only fuelled debate about the best tactics to use
  • Companies with operations in China should prepare for dawn raids, as the State Administration for Industry and Commerce (SAIC) publishes its first procedural rules on the investigation of suspected cartels and abuses of dominance.
  • The signing and closing of deals by electronic means is no longer straightforward. Even with best practice established by a working group, there will be complications
  • Poor drafting in India's competition law will burden an inexperienced commission with creating a workable regime