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  • More collaboration is needed between national banking, securities and insurance watchdogs to improve the way financial conglomerates are regulated, said speakers at the annual International Bar Association conference in Auckland last month.
  • The Financial Supervisory Commission amended the Guidelines for the Authorization of Banking Business in July 2004. The amendments now include prerequisites that foreign financial institutions (including foreign financial holding companies) must satisfy to establish subsidiary banks in Korea. The amendments have also relaxed the approval standards for foreign banks wishing to set up branches in Korea.
  • Consistent and well-crafted rules are critical to spur good corporate governance in Asia, says Jamie Allen
  • In an attempt to increase certainty for investors in emerging market debt, trade bodies have endorsed a standard form of collective action clauses (CACs) governed by English law.
  • Data privacy is often forgotten during mergers and acquisitions, exposing buyers and sellers to private claims as well as public penalties. Wim Nauwelaerts explains
  • French directors effectively remain immune from liability to third parties, except when criminal sanctions are involved. By Jonathan Wohl and Franck Menand
  • In the first of two articles on private equity investment in China, Jack Lange tells investors how to structure deals to make the exit process as smooth as possible
  • A withholding tax exemption for UK and US financial institutions that provide debt finance to Australian companies is a welcome advantage in a market where more and more issuers are raising funds offshore. Teresa Dyson and Anna-Maria Stephens explain
  • 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