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  • Five different articles analyse the new mood in Germany, including new laws on squeezing-out shareholders, the encouragement of private equity, the reform of shareholder meetings and the relaxing of takeover protection
  • With so many high-profile deals in the European energy market, James Rice argues that firms will need to manage their clients strategically to avoid losing out
  • On March 21 2006, the Ministry of Finance and Economy in Korea issued a Bill on the creation and development of a financial hub. The Bill aims to further the Korean government's efforts to establish Korea as a financial hub in northeast Asia. Under the main provisions of the Bill, the Korean government undertakes to:
  • Under Government Regulation 2/2006 on Mechanisms for Procurement of Loans and/or Receipt of Grants and Distribution of Foreign Loans and/or Grants (GR 2/2006), state ministries or government institutions, non-state ministries, local government and state-owned enterprises may no longer be able to apply for and receive foreign loans or grants directly.
  • Creditors in Bosnia and Herzegovina (BiH) are generally comfortable with the security available under BiH law. In practice, the forms of security generally in use in BiH are mainly influenced by what is accepted by the banking sector, which in BiH is dominated by Austrian banks.
  • On February 15 2006, the federal government passed Provisional Measure 281, which establishes specific rules of income tax for foreign investors investing in: (i) federal government bonds; or (ii) quotas of private equity funds (FIP), umbrella funds investing in private equity funds (FICFIP) and emerging companies investment funds (FIEE).
  • Amy Ho, Clifford Chance The Hong Kong and Shanghai offices of Clifford Chance welcomed new partners following the firm's partnership elections. Amy Ho will be based in Shanghai, advising on corporate, M&A and private equity matters. In Hong Kong, Robert Ritchie specializes in finance while Andrew Whan focuses on corporate finance work.
  • James Leavy is disappointed but unsurprised that France has missed an opportunity to fully overhaul the law on security interests
  • Scott Farrell and Michael Young analyse the impact of an Australian court decision which goes against the international trend to require more disclosure of equity swaps
  • Clifford Chance transferred senior associate Qudeer Latif to its new capital markets practice in Dubai. Latif will bolster the Islamic finance capabilities of the new office, as he has worked on several high-profile transactions in this field, including the $2.35 billion financing for Etihad-Etislat and the $3.5 billion sukuk for Dubai Ports. As reported last month, Clifford Chance's capital markets practice in Dubai will be led by securitization partner Debashis Dey.