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Clifford Chance promoted Paul Greenwell and Angela Krantz to counsel in the firm's Tokyo office. Greenwell specializes in asset and structured finance and focuses on the aviation sector. He joined Clifford Chance's Tokyo office in 2001. Angela Krantz has been a lawyer in Tokyo for nine years and specializes in advising both Japanese and non-Japanese clients on corporate and commercial transactions. Her practice is centred on M&A, private equity and joint ventures. Before joining Clifford Chance in June 2004 she was with Morrison & Foerster in Tokyo.

The first EU equity deals complying with the Prospectus Directive have allayed fears that the new rules would complicate share offerings. By James Rice

Over the past decade, Greek arbitration law has developed to meet international standards. Nikolaos Panou and Panos Yiannopoulos of Kyriakides Georgopoulos Law Firm track its progress

Recent legislative changes have made real estate investment companies an effective instrument through which to invest in the real estate market in Greece. George Photopoulos of Photopoulos & Associates explains

Christian Lambie, Allen & Overy The Royal Bank of Scotland acted as arranger and lead manager on a £355 million ($616.5 million) issuance of commercial mortgage-backed notes by Trafford Centre Finance, a member of Peel Acquisitions Group. The transaction involved the issuance of reserve notes, on which no interest or principal is payable while held by the issuer. Partner Christian Lambie led the Allen & Overy team advising RBS. Travers Smith advised The Peel Acquisitions Group. Sachin Zodgekar is in-house counsel at RBS.

IFLR continues its series of reports on the implementation of the Prospectus Directive with briefings on changes to the legal environment for securities offerings in France, Malta and Portugal

Jay Gould and Zeeshan Ahmedani assess the impact of the NASD's new rule on fairness opinions and warn that the issue might still need to be resolved in the courts

The amendments to the Foreign Exchange Transaction Regulation of Korea (FETR) took effect as of July 1 2005.

The implementation of a free foreign exchange system in Indonesia has accelerated the expansion and integration of the Indonesian financial market into the world's financial markets. As a result, the growth in rupiah transactions between banks and foreign citizens and foreign legal entities has led to instability in domestic monetary conditions, putting pressure on the rupiah exchange rate. This has recently been exacerbated by state oil firm Pertamina buying large amounts of dollars to counteract increasing oil prices.

Louisa Gault explains how taking security in true-sale securitizations is set to improve in Germany