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  • China's higher threshold limits for competition clearance are laudable. But they may still be too low.
  • Derivative poison pills may face questions of validity in court, but US banks should change the terms of their CFDs anyway
  • Despite recent reports, US companies will not be rushing to change their shareholder rights plans in the wake of the CSX case. The poison pills would punish the wrong parties and could be invalid
  • David Aufhauser has resigned as the general counsel of UBS's investment bank as investigations deepen into the collapse of the $330 billion market for auction rate securities this February
  • Hong Kong's Securities and Future Commission's has approved State Street Global Advisors' fund to track the price of gold, despite its failure to meet the usual requirements for fund diversification
  • Antonio Coletti is to join Latham & Watkins' Milan office as a partner in the corporate finance department.
  • Gregory Puff has rejoined Shearman & Sterling's Hong Kong office from O'Melveny & Myers.
  • Corporate legislation continues to adapt for a market economy, say Ancuta Leach, Ligia Popescu and Carmen Anghelie of Wolf Theiss
  • According to the supervisory regulations on banks issued by the Bank of Italy in 1999, as amended, and the resolution of the Inter-Ministerial Committee for Credit and Savings dated July 19 2005 (the CICR Resolution), a collection of savings may be made by financial intermediaries registered under Article 106 of the Italian Banking Act only through the issue of financial instruments, and subject to certain limits.
  • Banks badly need capital. It can come from private equity if regulation is liberalised