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  • Linklaters has secured the services of Sir Christopher Bellamy, one of the leading competition lawyers in Europe.
  • Hobson Development, a Chinese property group, has sold the world's first renminbi-dominated, US dollar-settled convertible bonds
  • A strikingly low number of EU member states have managed to meet the transparency directive requirements on time
  • Indonesia has created a financial services authority (the FSA), a one-roof supervisory body whose purpose is to develop and maintain a competitive, stable and secure financial services sector. In creating the FSA, the government had followed the principles of:
  • On December 20 2006, the National Development and Reform Commission (NDRC) of China issued its Notice on Opinions of Adjustment of the Auto Industry Structure (the 2006 Notice) in response to continued overcapacity in the Chinese auto market. The 2006 Notice aims to help slow down the economy to a sustainable level (much like recent policies in respect of land), consolidate an extremely fragmented industry, and encourage the development of domestic Chinese auto champions.
  • A new Banking Act is about to come into force in Albania. The Act has largely been translated from the existing Croatian Banking Act and has benefited from the advice of the International Monetary Fund. The new Act is much more aligned with European law and sets out more detailed rules regarding the licensing of banks and branches of foreign banks.
  • There has been a small, but crucial, shift in the balance of power in Washington, DC. The fear over the competitiveness of the US capital markets has finally pushed the scales in favour of international companies, regulators and associations, away from the domestic interest groups that normally dominate regulatory debate in America.
  • New deregistration proposals suggest that European issuers and regulators have a new part to play on the crowded US stage
  • Project financiers should consider umbrella agreements to avoid disparate arbitration
  • Financial institutions can now exchange credit information without breaking competition law