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  • In January 2003, the Stock Exchange of Hong Kong published its conclusions to its consultative paper on amendments to the Listing Rules. Changes to the Rules were formerly announced on January 31 this year and most of the new provisions took effect from March 31 2004.
  • Finland is revising legislation on consumer protection in distance marketing of financial services. A government bill proposing amendments to the Consumer Protection Act to implement the EU Directive 2002/65/EC on distance marketing of consumer financial services was put before the Finnish parliament on June 16 2004.
  • The Danish Companies Act allows payment of interim dividends to the shareholders of Danish public or private limited companies (A/S and ApS companies) from July 1 2004.
  • In a move meant to reform the granting of licensing rights, the National People's Congress has promulgated the Administrative Licensing Law, effective July 1 2004.
  • Bernd Singhof and Michael Schlitt look at how Lufthansa used an auction of underwriters to get better pricing on its recent rights offer
  • The legal advisers to Taiwan's first real estate investment trust have worked closely with regulators to fill in some of the gaps in the one-year-old rules governing these transactions, says Kevin Liao
  • Just as the case for better disclosure and covenants in European bonds looked to be stalling, the Association of British Insurers (ABI) has emerged as its new leader.
  • Five US law firms have landed roles on the $3.65 billion sale of energy company Texas Genco Holdings.
  • Two name partners and more than 20 lawyers of Mitsui Yasuda Wani & Maeda, one of Japan's top corporate finance firms, will join Linklaters later this year with a view to merging with the UK firm early in 2005.
  • Weil Gotshal & Manges is making a late but bold entrance into the China market, opening an office in Shanghai and hiring Clifford Chance M&A and securities partner Steven Xiang to lead it.