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On June 1 2008, an amendment to the Financial Instruments and Exchange Law and Cabinet Office Ordinance took effect, revising the English-Language Disclosure System. The system, adopted in December 2005 for issuers of foreign exchange traded funds (ETFs), allows some foreign issuers to provide disclosure documents in English rather than Japanese. The revisions have created a new disclosure system with reduced requirements for increased participation and scope and could have a significant effect on foreign issuers. However, although the revisions aimed to relax requirements for foreign issuers, the overall burden may not prove to be so different.

The problem is, you have to convince someone that sukuk are normal bonds

EMEA Gibson Dunn & Crutcher has unveiled the appointment of former Lord Chancellor, Lord Charles Falconer. Lord Falconer will be based at the firm's London office and will be a full-time, practising lawyer as part of the dispute resolution team.

How to create confidence in contracts through the ideas of three philosophers

The most obvious effect of reform is to help domestic funds in China. But foreign funds are also finally being allowed onshore

Rejection of the turnpike PPP would have far-reaching implications

The recent history of public tenders governed by the State Tender Law has seen controversial developments in Turkey. These resulted in the enactment of a new system in 2002 that initiated a highly restrictive and cumbersome set of rules under the Public Tender Law and related regulations. Unfortunately, the new mandate merely covered the area of public tenders for purchase of goods and services by public institutions from real estate contractors and service providers. Consequently, the old regime established under the State Tender Law remained in force with respect to the sale, barter and leasing of the real property owned by the treasury or under state control, and for the establishment of easement rights on public properties (collectively the Tenders).

The law of June 15 2004 relating to the investment company in risk capital (SICAR) is currently being amended by the Luxembourg Parliament to adopt the techniques that explain the recent success of the specialised investment fund regime implemented on February 13 2007. The essential modifications may be summarised as follows.

The difficulties of combining a career on the cello with being a lawyer at Cleary Gottlieb

Asia's disparate jurisdictions do create problems. But companies benefit from lighter regulation, argue James Wadham and Andrew Whan