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  • The Tokyo Stock Exchange (TSE) has announced that it is looking to revise its listing system to enhance investor protection by improving corporate information disclosure policies and taking appropriate measures against corporate activities that hinder market function.
  • The recently enacted Legislative Decree 5 of January 9 2006 has introduced wide and important amendments to the existing bankruptcy legislation contained in Royal Decree 267 of March 16 1942 (the amended Royal Decree).
  • The Government of Republic of Indonesia and the Central Bank of Indonesia have agreed on a new joint policy package on the financial sector. It is intended to increase coordination between fiscal and monetary authorities, and to intensify the reform of the banking industry, non-bank financial institutions and the capital markets within the next nine months. The policy is enacted through a joint decision letter (SKB) signed and issued by the ministries of economy, finance and state-owned enterprises (SOE or BUMN), together with the Bank of Indonesia, on July 5 2006. Based on the SKB, the programme will be executed in stages over nine months. The SKB's 14 stipulations, 34 programmes, and 55 action plans will be conducted by the Department of Finance, State Ministerial Office of BUMN and the Central Bank. The package consists of four groups of policy, as follows.
  • Kathy Stones explains the impact of the final chapter of the Eurofood insolvency case
  • Gary Rice breaks down the latest US proposals on Basel II and explains why lawyers must be aware of them to advise clients adequately
  • Peter Declercq explains why a European group of companies facing insolvency should avoid secondary insolvency proceedings to optimize value
  • Derek Woodhouse explains the challenges facing lawyers and lawmakers as Mexico embarks on a programme of public works projects
  • David Clinch and Natalya Pilbeam explain some of the complexities of the largest long-term Islamic project finance tranche in recent times
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