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  • Chinese corporate bonds are set free
  • DP World's bond gobbled up
  • Managers don't need a licence
  • Law 31/1990 on trade companies (the Company Law) has seen a chain of amendments recently, the last being made after only six months after the previous one. Government Emergency Ordinance 82/2007 (the Amending Ordinance), published in the Official Gazette on June 29 2007, was adopted to fill in some gaps and eliminate ambiguities in the Company Law.
  • On April 13 2007, the Financial Services Agency (FSA) published drafts of the enforcement order and cabinet office ordinances that relate to the recently enacted Financial Instruments and Exchange Law (the FIEL).
  • When Cyprus adopts the Euro on January 1 2008, companies whose share capital is denominated in Cyprus pounds will be required to pass a resolution in a general meeting to convert their share capital into euro, and amend their memorandum and articles of association. Notice of the change must be filed with the Registrar of Companies. There will be no fee for registration.
  • The law needs to approve more regulators
  • Investment-grade ratings lead to better covenants in Russia
  • Just when you thought you had read almost everything that could possibly be written on the subject of stock options, Stanford University professor Alan Jagolinzer published a study that suggests that Rule 10b5-1 trading plans could be abused in a number of ways to "facilitate trading based on inside information". The Enforcement Division of the Securities and Exchange Commission has indicated that it expects to focus closely on the use and operation of 10b5-1 plans.
  • Real estate