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The opportunity to reform the EC Regulation on jurisdiction, to stop forum shopping in breach of contract, needs to be seized by the European Parliament, says Tom Lidstrom

Cadwalader suffers partner losses James Croke leaves Cadwalader for Orrick Cadwalader Wickersham & Taft has suffered a series of partner departures in recent weeks, notably from the firm's highly regarded structured finance practice. James Croke and Peter Manbeck left Cadwalader to join fellow securitization high-flyer Orrick Herrington & Sutcliffe last month, taking a team of associates with them. Croke was head of Cadwalader's UK capital markets group from 1999 to 2004, where he was closely involved in the legal development of the European asset-backed commercial paper market (ABCP). Croke said that he was attracted to Orrick in part by its active international strategy, which has seen the firm take on board the French M&A specialist firm Rambaud Martel and take on resources in other financial centres in recent months.

Last year, the Electricity Generating Authority of Thailand (EGAT) was corporatized on June 24 2005 by conversion to a public limited company. Two Royal Decrees were published, one stipulating powers, rights and benefits of EGAT pcl, and one repealing the Electricity Generating Authority of Thailand Act.

A worldwide freezing order (WFO), formerly called a Mareva injunction, restrains a defendant from disposing, dealing, or diminishing the value of their assets wherever they are. These injunctions are available from an English court, but need to be enforced by a foreign court where the assets are located. This can be done only if the English court granting the WFO provides permission to enforce the WFO abroad.

Entrepreneurs in Switzerland thinking of selling the businesses they have built up over a lifetime can relax again. So can the Swiss MBO and LBO market. After a heated two-year debate, the Swiss parliament has finally fixed up the mess that was created by the Swiss Supreme Court in its controversial decision rendered in June 2004.

The Government Emergency Ordinance 45/2003 on local public finance (GEO 45) allows municipalities to conclude short-, medium- and long-term loans with internal and external contracting parties, to finance public investments of local interest or refinance local public debt.

The parliament of Latvia recently passed its new Public Procurement Law 2006.

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 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 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.