Search results for

The important regulation facing venture capital investors in Brazil. Fabio Campos Mello and Marcus Vinicius Bitencourt of Campos Mello Pontes Vinci & Schiller explain

Rémi Chevalier and Olivier Sciales of Chevalier & Sciales explain why Luxembourg is world leader in the formation and operation of investment funds

Dr Christina Tarnanidou of the Legal Affairs Division of Hellenic Exchanges analyses the impact of the new post trading laws in the Greek capital market system, as adopted following Mifid

In order to help Slovenian companies access liquid assets necessary for investment funding and working capital financing amid the credit crunch, the government has introduced a new measure entitled the Guarantee Scheme Act that entered into force May 1 2009 and will remain in force until December 31 2010. The Act aims to facilitate access to funding for companies incorporated in Slovenia by providing state guarantees to banks that grant loans to these companies, thereby reducing the banks' credit risk (the Guarantee Scheme). Due to recently proposed amendments to the Act, the Guarantee Scheme has not yet been applied.

The Securities and Exchange Commission (SEC) approved the revised rules of the Philippine Stock Exchange (PSE) on listing by way of introduction. The rules apply to an application for listing of securities that are already issued or securities that will be issued upon listing, where no public offering will be undertaken because the securities would be of such an amount and would be so widely held that their adequate marketability when listed can be assumed, or when listing or public offering is mandated by law or by the SEC or any other government agency.

After more than 50 years, steps were finally taken to revise the law in relation to arbitration in Malaysia. The introduction of the Arbitration Act 2005 was seen as a unique opportunity to address the problems that have plagued the arbitration process in Malaysia. The problem that needed to be addressed mainly revolved around delays and increasing judicial interference in the arbitration process.

The Italian Securities Commission (Consob) has amended its Regulation on issuers (the Consob Regulation) with the purpose of introducing; (i) a standard regulation of the compulsory information required to listed issuers and to their shareholders, and (ii) specific provisions to assure the public access to the information which is to be made public by issuers. This is part of the ongoing implementation of the Transparency Directive.

On March 6 2009, a bill on fund settlements was submitted to the Diet. If the new legislation passes, which appears likely, it could bring about remarkable changes in the services offered and methods of fund settlement in Japan. The bill's aim is to improve the security, efficiency and convenience of fund settlement methods and it addresses issues mainly in the following three areas.

Cyprus and Russia have signed a double taxation agreement that will remove Cyprus from a so-called Russian tax black list. Companies incorporated in countries appearing on the list are denied the benefit of the participation exemption introduced by Russia with effect from January 1 2008. Most Russian-owned companies in Cyprus are holding companies rather than subsidiaries, so inclusion on the blacklist directly affects only a small number of Russian companies in Cyprus. Nevertheless, removal from the list is an important matter for Cyprus, which, as a member of the OECD so-called white list of countries complying with international best practice, is keen to demonstrate its commitment to information exchange.

Good news for foreign creditors, especially for the risk of a security provider going insolvent