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Asia learns the lessons of its financial crisis

The extensive reach of the US FCPA

A decision on class certification is overturned

How UAE and Dubai laws conflict over the validity of derivatives

Why the new fiducie institution brings France closer to its Anglo-Saxon peers

A surprising case in Canadian M&A

Wilkinson joins Goldman Sachs: Cadwalader responds Cadwalader's totemic London partner, Andrew Wilkinson, is leaving to join Goldman Sachs as co-head of its restructuring business.

In the IMF Letter of Intent dated July 7 2006, the Turkish Government stated that "the Banking Regulatory and Supervision Agency (BRSA) shall continue to bring its supervision closer to best international practice. To this end, it has implemented the organizational changes envisaged in Banking Law 5411, including the merger of onsite and offsite supervision. The BRSA has also adopted the other remaining measures set out in its October action plan, including new audit teams and further improvements in transparency and accountability. To come into line with Basel Core Principles, the BRSA will complete the drafting of supporting regulations for the Law by end August 2006."

On February 1 2007 a new Capital Adequacy and Large Exposures Act (lag om kapitaltäckning och stora exponeringar) entered into force in Sweden. The Act is based on and implements the EC Directive 2006/48/EC relating to the taking up and pursuit of the business of credit institutions and the EC Directive 2006/49/EC on the capital adequacy of investment firms and credit institutions, based on the Basel II agreement. The Act replaces the former Swedish legislation on Capital Adequacy and Large Exposures.

Thailand closes a shareholder loophole