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The Maltese Parliament is considering a new securitization law generally based on the Luxembourg model. It provides a comprehensive framework for the conversion of receivables or other assets into securities that can be placed and traded in capital markets. Issued securities are collateralised by the pool of assets which are transferred to a separate entity, the securitization vehicle, also referred to as a special purpose vehicle (SPV). The SPV can take the form of an investment company, a partnership, a trust or any other legal structure permitted by the competent authority.

Ben Maiden reports on how the Supreme Court closed the door on class action suits and further tort reform

AEON Thana Sinsap closed its second credit card securitization, which was also the second such deal for Thailand. The Bt 2.28 billion ($59 million) securitization of credit card receivables was the first to use subordinated bond tranches. Allen & Overy's Bangkok office advised arranger and manager Citicorp Securities while Baker & McKenzie acted as seller's counsel. Bangkok head of banking Stephen Jaggs led the Allen & Overy team.

In its 2006 report on money laundering and financial crimes the US State Department reported that "the Republic of Cyprus has put in place a comprehensive anti-money laundering regime". While noting that, like all other major financial centres, Cyprus remains vulnerable to international money laundering activities, the report's assessment is that Cyprus has developed a framework of measures that comports with international standards.

By Katarina Kresal of Attorneys at law Miro Senica in odvetniki

By Delphine Nougayrède of DLA Piper Rudnick Gray Cary

The M&A Group of Creel García-Cuéllar y Müggenburg describes Mexico's new company form and predicts its effect on the M&A market

By Vincent Dirckx and Ysabelle Vuillard of Lontings & Partners

By Lilian Zelaya Panting and Kenia Ruiz of Arias & Muñoz

Pekin & Pekin summarizes provisions of the Turkish Commercial Code relating to the merger and acquisition of companies