Search results for

The UK's market regulator is increasingly prepared to hit wrongdoers with adverse publicity, but this strategy is undermining the market's confidence in the watchdog, warns Matthew Allen

A Chinese court's irregular ruling could make it difficult for international financial institutions to rely on letters of credit issued by Chinese banks. By Geoff Sutherland

A recent code has modified Belgian rules on conflicts of laws and jurisdiction. Vanessa Marquette, Michèle Grégoire and Sandrine Hirsch outline the main changes in financial law

The Securities Class Action Act (SCAA), which is the first class action act recognized and implemented in Korea, took effect on January 1 2005. The SCAA permits initiation of class action by shareholders against companies listed on the Korea Stock Exchange or registered on the Kosdaq in connection with, among others, accounting fraud, fraudulent disclosure, stock-price manipulation and insider trading. The SCAA aims to: (i) effectively remedy loss incurred by a group of (minority) shareholders in the course of securities transactions; (ii) alleviate the shareholders' burden of suing on a cause of action as individuals; and (iii) promote transparency in corporate management.

Australia has imposed a regulatory duty to manage conflicts of interest on its financial services providers. John Moutsopoulos explains

Linda Lerner examines the SEC's sweeping Regulation NMS proposals and argues that a lack of self-reform by the market has made new regulation necessary

Siegfried Knopf, James Huang and Giselle Barth explain some of the issues that securitization counsel must prepare for as the SEC introduces its landmark ABS rules

The Financial Services Agency of Japan (FSA) plans to establish a new law to regulate financial products and services. Although the details of the law are not yet decided, it is expected to regulate investment services in similar fashion to the UK's Financial Services and Markets Act 2000.

Law 311 of December 30 2004, which is the Financial Law for 2005 (the 2005 Financial Law), provides for new limits to capacity of Italian local authorities to enter into loans and bonds.

Bank counsel should look to a recent UK ruling for guidance on dealing with a number of competing claims from innocent parties on an account frozen under money laundering laws. Jon Holland and Antony Corsi explain