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  • Software services company Infosys Technologies has completed India's largest international equity offering. Latham & Watkins acted as US counsel to the joint bookrunners and co-managers in connection with the $1 billion sponsored secondary offering of American depositary shares (ADSs). The ADSs are listed on the Nasdaq. Latham's team comprised Singapore partner Michael Sturrock, counsel Andrew Hutton and associate Monisha Kamdar. Wilson Sonsini Goodrich & Rosati advised Infosys.
  • As home to Europe's largest capital markets, market participants are looking closely at how the UK is implementing the Directive. Matthew Hartley, Ryan Barrow and Eleanor Ley explain the changes for issuers
  • Poland has missed the implementation deadline, but should otherwise implement the Directive faithfully. By Andrzej Mikosz
  • Lawmakers in Luxembourg have chosen to transpose the Prospectus Directive faithfully into local law, explain Henri Wagner and Nicolas Steichen
  • Italy has not yet finalized its plans for implementing the Directive. Susanna Beltramo outlines the Italian government's timetable
  • Ireland is repealing its entire securities law regime to make way for Prospectus Directive implementation, providing a fresh start for the country's capital markets. By David Byers
  • Finnish companies have been using Prospectus Directive-compliant prospectuses for months, but prospectus liability problems still need tackling. By Tarja Wist and Samuel Isaksson
  • Greek issuers are still waiting to see the government's legislative proposals to implement the Directive. By Michael Tsibris
  • Danish issuers will have to wait for secondary legislation for full legal certainty regarding the Prospectus Directive. By Steen Jensen
  • To ensure Indonesia's commercial banks maintain their stability and viability in the rapidly developing global banking market, they have been required to minimize potential losses they might incur when they lend money to bad debtors. Banks must be prudent when determining the creditworthiness of borrowers, and funds should only be provided once the bank has satisfied itself as to the quality of the borrower and its assets.