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The VW Act is now illegal, but that just makes things more complicated for shareholders

The overhaul of the Takeover Code makes schemes of arrangement even more attractive

Would you like to buy bonds and help the environment at the same time? The EIB's innovation allows investors to do just that

Reaction to proposed oversight of UK's FSA

The Monetary Authority of Singapore (MAS) released Basel II rules in Singapore on December 14 2007.

For background, see December 2007 international briefing

From the fiscal year beginning after April 1 2008, a statutory quarterly reporting system, as prescribed by the Financial Instrument and Exchange Law (FIEL), will be implemented. Now a quarterly disclosure system for listed companies, based on the stock exchange requirements, exists, but the introduction of a statutory system will make quarterly disclosures a mandatory requirement under FIEL, and attempt to ensure timely and prompt disclosure of financial and corporate information more appropriately.

Legislative decree 179 of October 8 2007 has established a Chamber of Conciliation and Arbitration at Consob. It will manage disputes arising between investors and intermediaries when intermediaries breach the obligation of information, correctness and transparency that is part of their contractual relationships with investors. The proceeding must last no more than 60 days from the date of filing of the initial petition. The investors that may benefit from the conciliation and arbitration proceedings are non-professional customers. The organisation of the Chamber and the rules for the proceedings are to be established by Consob, subject to prior agreement with Banca d'Italia, within 12 months of the date of enactment of decree 179.

The Securities Industry and Financial Markets Association is set to expand its horizons in Europe with a new equity-focused group

Paul Hastings Janofsky & Walker has added partner V Gerard Comizio to its bank regulatory practice in the Washington DC office.