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Squire Sanders & Dempsey has added a new finance partner to its London team.

Dana Gas has issued a five-year convertible sukuk worth $1 billion.

In the largest French initial public offering of 2007, Linklaters advised the underwriters on the €1.24 billion listing of Bureau Veritas. The deal gives the conformity and certification service provider a market capitalization of €4.04 billion and was listed on the Eurolist market of Euronext Paris.

Rules-based regulation is set to take another hit today, as the Financial Services Roundtable presents its thoughts on reform

UK hedge funds and private equity houses should take advantage of the pre-filing option offered by CFIUS when investing in the US, according to counsel at a Kaye Scholer breakfast briefing on Tuesday

Debevoise & Plimpton has announced that Guy Lewin-Smith will become a partner in the corporate practice of the London office in early 2008.

Dutch law firm Loyens & Loeff has announced that it is to open an office in Dubai on January 1 2008. This marks the first time that a continental European legal and tax service provider has made such a move.

The Markets in Financial Instruments Directive, Mifid (Directive 2004/39/EC) is now fully implemented in Swedish legislation. Mifid has been implemented by the adoption of a new Capital Markets Act (lag (2007:258) om värdepappersmarknaden) that enters into force on November 1 2007. The Capital Markets Act will replace the Securities Operations Business Act (lag (1991:981) om värdepappersrörelse) and the Exchange- and Clearing Operations Act (lag (1992:543) om börs- och clearingverksamhet).

Decree no 219/2006 of November 2 transposes the EU Takeover Directive and part of the EU Transparency Directive into Portuguese legislation. It has modified article 20 of the Portuguese Securities Code (PSC). The article establishes the set of situations where voting rights are attributable to a given entity, for the purpose of calculating qualified shareholdings (participações qualificadas) in publicly traded companies (sociedades abertas), including listed companies. This modification, reflected mainly in the insertion of new paragraphs 20.1.h and 20.4 of the PSC, extends the range of situations where a qualified shareholding is considered to exist. But when put into practice, some of these situations are somewhat bizarre.

The Japanese government recently passed the Electronically Recorded Claims Act to address the use of monetary claims that are electronically recorded, so paperless. They include commercial paper and accounts receivable that are transferred electronically, which means in a safer manner than the traditional scheme. The Act provides processes for the creation and transfer of electronically recorded claims (denshi kiroku saiken). It also establishes organisations that are responsible for recording such claims (denshi saiken kiroku kikan, Organisations for Electronically Recorded Claims) on electronic registers (kiroku genbo).