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  • Following the launch of Catalist on November 26 2007, to date only a handful of Catalist companies have taken steps to appoint a continuing sponsor, whose primary responsibilities comprise the rendering of advice to the Catalist companies on rule compliance.
  • The legal framework for the mortgage covered bonds and public sector covered bonds set forth in Decree-Law 59/2006 of March 20 2006 (DL 59/2006) came into force on March 27 2006 but it was not until June 2008 that the first Public Sector Covered Bonds (PSCBs) programme was established in Portugal, with other programmes of the same nature expected to follow in the near future.
  • The Supreme Court of the Philippines promulgated (en banc, on October 6 2008) its decision in Securities and Exchange Commission v Interport Resources Corporation concerning insider trading. As stated in a concurring opinion of one of the justices, the decision is the "farthest yet this court has explored the matter".
  • For borrowers to read and avoid
  • Cyprus enacted the Investment Services and Activities and Regulated Markets Law (Law 144(I)/2007), which implements Mifid, almost a year ago. An aspect of the Investment Services Law that has received surprisingly little attention to date is the ability to establish multilateral trading facilities (MTFs) for the first time in Cyprus.
  • The practical problems with offers remain
  • Know how bilateral treaties protect your deal
  • Change attitudes, rather than reform the law
  • Counsel argue over Aaoifi, Islamic law and the role of the region’s finance centres
  • The private equity counsel discusses legislative changes in Brazil that encourage investment