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  • Polish law continues to change following accession to the EU. Spring 2007 brings in new changes, some of them listed below.
  • The prohibition of financial assistance has been implemented into Czech law on the basis of Article 23 of the Second Directive 77/91/EEC in 1996. According to the existing Czech regulations, any joint-stock corporation or a limited liability company must not advance funds when acquiring its own shares, make loans for the purpose of acquiring its own shares, or provide security for such purposes or for other obligations relating to the acquisition of its shares. In addition, provision of such financial assistance by a subsidiary for the purposes of an acquisition of shares of its parent company is prohibited.
  • Alix Partners
  • Robin Abraham, Shani Long and Steven Henderson of Clifford Chance assess the different financing options available for commercial property and other real estate in Dubai
  • United States
  • Stuart Walker of Afridi & Angell highlights the differences between the regimes of the UAE Central Bank and of the Dubai Financial Services Authority
  • Switzerland
  • 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.