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Christine Lagarde, chairman of Baker & McKenzie's global policy committee, became the French minister for foreign trade. Lagarde practised labour and antitrust law as a partner at Baker & McKenzie in Paris during the late 1980s. She became managing partner of the office in 1991 and joined the firm's executive committee in 1995. Last year Lagarde received the Legion D'Honneur from French president Jacques Chirac.

Joint lead arrangers Standard Chartered Bank and The Siam Commercial Bank completed the issue and placement of B4 billion ($98 million) of debentures backed by B4.9 billion of motor vehicle receivables originated by The Siam Industrial Credit Public Company, a licensed finance company. The deal is the largest, and one of only six securitizations to be completed under Thailand's SPV Act, which is approved by both the Bank of Thailand and the Securities and Exchange Commission of Thailand. Coudert Brothers Bangkok advised SICCO Special Purpose Vehicle 1 Company Limited and the joint lead arrangers. Partner Stephen Bennett led the Coudert team. Allen & Overy's Stephen Jaggs advised Fitch Ratings.

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.

Spain has met the implementation deadline only partially and issuers will face some uncertainty until secondary legislation is implemented. By Yolanda Azanza and José Manuel Cuenca

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

The Netherlands had to implement emergency legislation to avoid missing the July 1 implementation date. Erwin Schreuder and Ella van Kranenburg explain what this means for issuers

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

Finnish companies have been using Prospectus Directive-compliant prospectuses for months, but prospectus liability problems still need tackling. By Tarja Wist and Samuel Isaksson

Danish issuers will have to wait for secondary legislation for full legal certainty regarding the Prospectus Directive. By Steen Jensen