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  • Cyprus has enacted a new law regarding the establishment, operation and supervision of pension funds, to comply with the EU Pension Funds Directive, which was adopted in 2003. The Directive regulates pension funds, sets standards for their investment operations and requires them to provide information to scheme members.
  • The Anti-money-laundering Law of the People's Republic of China (the AMLL) will come into effect from January 1 2007.
  • A boost to tender offers
  • No cross-border deals, yet
  • Softening Sox is pointless
  • No precedent in a Nigerian scam case
  • Syndicates are pushing harder on composition
  • 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.
  • Three pieces of specific legislation stand in the way of a consortium of investors' bid for Australian airline Qantas