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The key Cayman insolvency test

How legislation is pushing forward deals

Turkey's prospects as a bridge between Europe and the Middle East are good, say Cüneyt Yüksel and Meryem Kübra Sivgin of YükselKarkinKüçük

Get bonds when local government can't pay

EMEA Eversheds has expanded into South Africa by signing an agreement with Routledge Modise. This was the second expansion from Eversheds in April. The firm announced it would also solidify its alliances with Baltic firms Ots & Co (Estonia), Baltmane & Bitans (Latvia) and Saladzius (Lithuania) by giving them full membership of Eversheds International.

Those that set up offshore before M&A laws

On February 14 2008, the bill of law 5842 (the Bill) proposing to improve the legal environment of the Luxembourg financial sector was lodged with the Luxembourg parliament. One of the aims of the Bill is to modernise the current legal environment applying to mortgage banks. The main proposed changes are:

In order to sustain the growth of Japan's economy (especially needed due to the aging population), it is essential that the country's financial and capital markets provide good investment opportunities to Japanese households to allow them to more efficiently utilise their assets, and that companies are supplied with the adequate amount of capital for growth. In addition, strengthening the competitiveness of Japan's financial and capital markets is important given the intensifying global competition among markets. In response to such needs, the Cabinet submitted to the Japanese Diet a bill to amend the Financial Instruments and Exchange Law and other related laws on March 4 2008. This amendment mainly aims to i) create a new market for professional investors, ii) revamp the firewall regulations regarding the holding of concurrent posts in securities firms, banks and insurance firms and iii) expand the administrative monetary penalty system.

The SEC unveiled its plans last month for the next measure towards mutual recognition, which many are predicting will open the door to worldwide regulatory harmonisation.

A pro-government think tank has called for Hong Kong to establish its own secondary stock exchange, similar to London's Aim market.