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  • Mexico has laid the foundations for a new kind of multi-purpose financial corporation, known as a Sofome (sociedad financiera de objeto múltiple). This new form aims to give financial corporations greater flexibility in their operations and activities, so that they can invest and operate in sectors that were formerly closed to them under laws that limited their operations to a single sector, as in the case of limited purpose financial corporations (Sofoles), and leasing and factoring companies.
  • Shinzo Abe's ascension to the post of prime minister in September 2006 heralded a new era of hawkish Japanese foreign policy. But Abe's international retrenchment is not expected to stretch as far as legal services, where the doors for foreign firms have opened.
  • A boost to tender offers
  • Clarification, finally
  • A spur to the debt markets
  • An outline for UK corporates
  • The FSA needs to clarify the role of guidance
  • A strange ruling by the Supreme Court
  • In December 2006, Dubai's Nakheel Development Ltd issued the largest sukuk to date. The $3.52 billion sukuk was listed on the Dubai International Financial Exchange and is the largest sukuk ever issued. The money raised will be applied towards a capital injection into Nakheel PJSC, the company responsible for landmark developments such as The Palm, Jumeirah, and The World.
  • Selina Sagayam has left Simmons & Simmons to join Gibson Dunn & Crutcher's corporate team in London.