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In-house counsel give their honest opinions on fair value, Sox, ratings agencies and the future of CDOs

Look to financial laws, not the rhetoric about Tibet

But managers need to know what it means

Hungarian legislation on the employment of foreign workers has been amended several times in recent years. In general, the employer has to apply for a work permit before it intends to employ a foreign worker in Hungary. However, several exemptions from this rule now exist due to Hungary's admission to the EU. The new provisions of Decree 8/1999 of the Minister of Social Affairs and Labour on the Occupation of Foreign Workers and Act IV of 1991 on the Promotion of Employment, entered into force on January 1 2008.

The New York Stock Exchange's announcement that it will list Special Purpose Acquisition Companies could lure investors back to the US and legitimise the investment entity

The Financial Services Authority has named its new chairman.

The release of the US Financial Accounting Standard Board's new standard last week has lawyers embracing the idea of more disclosure and transparency among bond insurers

The buy-side didn't want it. The sell-side didn't want it. And the legal community wasn't keen. But ignoring opposition to ratings reform, Moody's has introduced new measures to ward off the threat of external regulation

Sébastien Vilder has joined Blakes Cassels & Graydon's Montreal office as partner in the financial services group.

The burgeoning trend of Special Purpose Acquisition Companies (Spacs) has finally hit Asia, with China's first high-profile case