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  • A recent decision from the Delaware Court of Chancery may limit the effect of a previous case in which the Delaware Supreme Court invalidated takeover lockups that guaranteed approval of a deal. By Rod Howard, Norman Veasey and Frederick Green
  • In its short history, the year-old Indirect Investment Asset Management Business Act has continued to evolve. On October 14 2004 the Ministry of Finance and Economy announced that the Act's implementing presidential decree will be revised to introduce a new type of investment vehicle, called the private investment specialized company (samo tooja junmoon hoesa, or more generally known as a private equity fund (PEF)).
  • Former regulator: Ashley Alder By shifting its focus from front-end vetting to enforcement, Hong Kong's Securities and Futures Commission (SFC) has addressed some of the market's concerns about overregulation and under-enforcement, said Ashley Alder, the SFC's former head of corporate finance.
  • French directors effectively remain immune from liability to third parties, except when criminal sanctions are involved. By Jonathan Wohl and Franck Menand
  • Only a few months into their new jobs as Asia-Pacific heads of legal, David Graham of UBS, Greg Terry of Morgan Stanley and Ken Willman of Goldman Sachs have a lot on their minds. Here, IFLR's Andrew Crooke talks to them about the challenges they face at a time when the attention of market regulators is more intense than ever
  • The new bankruptcy regime in Vietnam risks being as unsuccessful as the last in changing business practices, says Tim Reinold
  • Brazil hopes that a new law on public-private partnerships will help pay for improvements in areas such as energy production and transport. Andréa Arean Oncala explains
  • Two energy industry cases have set a debtor’s right to disavow contracts against the desire of regulators to protect consumers. By Joseph Smolinsky
  • The NYSE's proposed hybrid market would allow brokers to choose whether they want to trade automatically or manually. But the details of the proposal are fraught with difficulty. Linda Lerner explains
  • The Indonesian parliament has approved a new Act on Bankruptcy and Debt Moratorium. Among the various provisions stipulated in the Act, new provisions on the requirements to approve a composition plan in debt moratorium stand out.