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The ECB’s decision to stop accepting syndicated loans is unsurprising, given its stringent requirements for eligibility

Schoenherr will increase its team by 50 lawyers when it opens offices in the Czech Republic, Poland and Slovakia on January 1 2009.

Kei Okubo and Kan Watanabe of Nagashima Ohno & Tsunematsu provide an overview of the regulations that foreign companies and funds should take into account before acquiring or investing in a Japanese company

In light of a series of judgements for increased damages endorsed by the Supreme Court, Yoshinori Ono of Nishimura & Asahi offers an introduction to the position and responsibilities of directors under the Companies Act

The past 12 months have been a struggle for most markets, and Japan's has not escaped. In August, the government unveiled a ¥11,500 billion ($105.8 billion) programme to stimulate the flagging economy, a move the government reinforced in October by easing restrictions on share buybacks. Until the end of 2008, companies are allowed to buy 100% of their stock in one day, rather than 25% of the average trading volume calculated over the previous four weeks.

From 1998 to 2000, the Corporate Restructuring Committee (CORC), an organisation established by 205 financial institutions pursuant to the Financial Institutions Arrangement for Facilitating Corporate Restructuring, aggressively pursued and conducted corporate restructuring in Korea (workouts), while the Financial Supervisory Commission supervised workouts of financial institutions. Upon the dissolution of the CORC in 2001, the principal creditor banks of the workout companies took the lead in corporate restructuring pursuant to the Corporate Restructuring Promotion Act (CRPA).

Masayuki Watanabe of Anderson Mori & Tomotsune outlines a recent amendment to the Banking Law

The US Internal Revenue Code (Code) has a number of provisions, including Section 382, designed to limit trafficking (the sale, for instance) of tax attributes (operating losses and unrealised built-in losses, for instance) from one economic group to another, unrelated economic group.

Since the establishment of the Dubai International Financial Centre (DIFC) in late 2004, banks and other financial service providers established or registered within the DIFC have been restricted to operating only in the wholesale market. However, since July 1 2008 it has been possible to provide financial services to retail customers in or from the DIFC.

The majority of Turkey's infrastructure has traditionally been supplied by public authorities or private entities through a build/operate/transfer model. In emerging markets like Turkey, lack of capital is a serious concern for large-scale projects. Meeting infrastructure needs in emerging markets requires a substantial amount of project finance. Accordingly, both domestic and foreign sources of capital have to be identified and used efficiently to satisfy the infrastructure needs without creating a heavy financial burden on the treasury.