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Satoshi Nakamura and Mitsue Tanaka of Mori Hamada & Matsumoto say Japan's new securities law will completely change how funds are regulated

Regulated short selling of listed securities in Malaysia commenced on September 30 1996. On August 28 1997, at the height of the Asian financial crisis, the Securities Commission suspended securities borrowing and lending (SBL) in respect of securities listed on the local stock exchange, Bursa Malaysia Securities Berhad (Bursa Securities).

It's the economy, stupid! Or is it? As one would expect, opinions vary wildly as to where the Portuguese economy is heading. Brighter days are coming to stay if you talk to pundits closer to government, but darker times are looming if you are talking with experts from the opposition.

Cyprus has formally submitted its application to adopt the euro as its national currency with effect from January 1 2008.

Paragraph 739 of Article one of Law 296 of December 27 2006 (the 2007 Financial Law), as clarified by the circular of the Ministry of Economy and Finance dated January 31 2007, has expanded the definition of debt contained in paragraph 17 of Article three, of Law 350 of December 14 2003 in the light of the position recently taken by Eurostat.

Lee Buchheit

Asia law firm of the year Kate Williams of Major Lindsey & Africa presents Asia law firm of the year to Connie Heng and Alexander Lloyd of Clifford Chance Clifford Chance stepped up another gear in 2006, and was involved on innovative deals across the board. The firm was nominated for a remarkable five deal categories, and was especially dominant in both debt and equity-linked and M&A. Yet again, its lawyers tackled some of the year's most difficult deals and were praised by in-house clients for their fresh approach in often challenging circumstances.

Pekin & Pekin outlines the framework for M&A transactions in Turkey's media sector and the country's plans to reduce restrictions on foreign ownership

M Erol Bircanoglu and Burcu Hosgoz of Bircanoglu Attorneys at Law examine the prospects for project finance in Turkey