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The industry waits to see what Europe will come up with in new regulation

No more French language requirements for listing in Paris. How many will come?

A good decision for mortgage securities

Sensible Basel II

The law of January 11 2008 on the transparency requirements for information about issuers whose securities are admitted to trading on a regulated market, and its implementing decree of the same date, were published in the Luxembourg Official Gazette on January 15 2008. They are now in force. They transpose Directive 2004/109/EC of the European Parliament and of the Council of December 15 2004 on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. The law applies to issuers of transferable securities admitted to trading on the Luxembourg Stock Exchange, with the exclusion of shares or units issued by collective investment undertakings other than those of the closed-end type.

Justin Connor, founder of the Dubai Corporate Counsel Group, on how to educate local counsel

Banks' lawyers fight the front office

Trying gettign into China if the NDRC enforces anti-monopoly laws Counsel in China are fretting over the country's new Anti-Monopoly Law as it emerges that no decision has been taken on which agency will enforce it.

Bond investors are demanding a buffer between them and lower tranches Expect new debt issuance to have smaller senior tranches. Investors want stakes at the top of the capital structure, but preferably with a large buffer-zone below.

The law applicable to cross-border public offers has been a cause of uncertainty among Romanian capital markets practitioners. Under Romanian international private law principles, the issuer's national law governs the acquisition of shares. On the other hand, practitioners considered that since such shares were to be distributed in Romanian territory, Romanian capital markets rules should also apply to a certain extent.