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Bear Stearns validates oral trading agreements

Bad news for lenders

Ever since the world's financial markets collapsed in the early 1930s, dividend-linked participating debentures and principal-linked participating debentures (Sw. vinstandelslån och kapitalandelslån) have been prohibited for Swedish companies. However, the new Swedish Companies Act that came into effect on January 1 2006 made it possible again for Swedish limited liability companies to issue debentures. The Act has already been reviewed in certain respects and, as a part that review, the conditions for issuing debentures somewhat modified.

New regulation of investment funds will be costly and complicated

Europe Lehman counsel leaves for Herbies Patrick Buckingham Mifid specialist Patrick Buckingham has left his role as European regulatory counsel at Lehman Brothers to join Herbert Smith. As of September 10, Buckingham is part of Herbert Smith's financial services regulatory practice, where it is hoped he will strengthen the firm's non-contentious regulatory offering. "I am looking forward to helping clients address the ever-quickening pace of regulatory change, including, in the immediate future, assisting them with the significant and time critical task of complying with the requirements of Mifid," he said. At Lehman Brothers, Buckingham was the top legal and regulatory advisor to the bank's internal Mifid implementation programme.

If you are going to use the CCF method to invest in China, you have to do it right

Your shareholder agreement in Russia is probably unenforceable. Here's why

Pedro Cassiano Santos, Benedita Lima Aires and Tiago Correia Moreira of Vieira de Almeida assess how the new capital adequacy directive will affect structured finance

Mark-Oliver Baumgarten, Thomas Schmid and Gabi Boo of Staiger Schwald & Partner explain how new exchanges have spurred structured products in Switzerland

Do you really want Iasb in charge?