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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.

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.

While big-picture views often reigned in the banner years of 2006 and 2007, finance has been forced to go back to basics over the last 18 months. The detail of the trees is now every bit as important as the broader view of the wood.

Unlike the Hexion or United Rentals cases, Dow tried to pull out of its acquisition by challenging specific performance as inequitable

Investment firms providing discretionary portfolio management services and/or the reception and transmission of orders in relation to financial instruments in Austria are obliged to be members of an investor compensation scheme that operates as a liability company. The scheme compensates investors for eligible claims up to a limit of €20,000. Investors are entitled to compensation, if their claims were caused by an investment firm's inability (i) to repay funds owed to investors or (ii) to return instruments to investors that are their property and have been managed on the investors' account in connection with investment services.

Structured finance and special servicing is changing commercial property loan workouts. You need to know how a special servicer works

Europe's top lawyers and banks had an immense range of proposed regulation, crisis management and legal structures to debate at this year's Capital Markets Forum in London