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SEC plan to register advisers fails to convince

Questions remain over how effective SEC proposals to register hedge fund advisers will be in preventing fraud, say Mark Bergman, Yvonne Chan and Marco Masotti

August 31 2004

Legislators fix unwieldy securities laws

France is modernizing its securities laws by removing outdated concepts and quirks that have exasperated securities practitioners for years. Martine Dalet and Pierre Descheemaeker explain the new securities ordinance

August 31 2004

Finland

In July 2004, the Finnish Financial Supervision Authority (FSA) issued a statement on the interpretation of certain provisions of the Investment Funds Act on marketing of units in foreign investment funds in Finland.

August 31 2004

British Virgin Islands

The Insolvency (Amendment and Consequential Provisions) Act 2004 was passed in July. The amendments were a necessary precondition to the Insolvency Act 2003 Act, which came into force on August 16 2004.

August 31 2004

Protectionists threaten Japanese economy

If Japan doesn't push ahead with the necessary tax reforms to tempt foreign investors to buy stakes in domestic companies, productivity and economic growth will continue to lag. But, as Andrew Crooke reports, change won't come without a fight

August 31 2004

Cutting edge close-up: Optus bid adapts rules to secure premium for minority shareholders

Optus Networks used a novel price and rebate structure to buy Uecomm after convincing the Australian regulator that its takeover rules would stand in the way of shareholders getting the best deal. Costas Condoleon and James Philips explain

August 31 2004

Hungarian high-yield market advances

Lawyers on Hungarian telecoms company Invitel's latest financing had the challenge of blending, for the first time, senior and high-yield debt on a Hungarian deal.

August 31 2004

MBNA launches Europe's first delinked trust

MBNA's delinked trust uses new legal technology to increase issuance speed and flexibility, moving the European credit card securitization market to a higher level of sophistication.

August 31 2004

Reits lead way on US equity offerings

August is traditionally a stagnant time in the equity markets, but this year the holiday month has seen several $100 million-plus initial public offerings (IPOs) reach the US markets. Google's auction-style launch may have taken all the media attention, but several real estate investment trusts (Reits) were among seven issuers who raised more than $2 billion between them.

August 31 2004

Banks must not ignore the legal risks in China

Foreign banks that want management influence over their China investments risk litigation as their western business systems based on law clash with local systems based on connections, says William Gamble

August 31 2004

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