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Competition in Canada: an overview Oliver Borgers and Yves Bériault of McCarthy Tétrault discuss how the world's oldest competition law continues to evolve

The Bond Market Association (TBMA) has published guidelines for trading in speculative distressed bonds, usually securities issued by companies in or near default.

On April 21 2004, a special working group called the Code Group presented a proposal for a Swedish code of corporate governance. The Code Group consists of representatives from the Government Commission on Business Confidence and representatives of listed companies, investors and the Stockholm Stock Exchange.

Corporate governance scandals, regulatory investigations and class action lawsuits are an enduring worry for company management operating in the US market. Robert Mollen and Dixie Johnson set down rules for avoiding a crisis or managing one when it happens

The issuance in July of the much-anticipated request for proposal (RFP) for the independent water and power project (IWPP) at Shouaiba (in western Saudi Arabia, near Jeddah) is creating a new template for project financing as the move toward privatization of power and water production in the Kingdom of Saudi Arabia begins in earnest. At stake under the RFP is a 60% interest in the project company that will develop, own and operate the oil-fired plant.

The Russian Law On Joint Stock Companies (the JSC Law) has been amended with effect from March 15 2004. The following amendments were introduced:

The South Korean government has announced measures to counter increasing cases of violations of reporting requirements with respect to share acquisitions of mutual savings banks (MSBs). These violations have made it more difficult for regulators to enforce loan restrictions on the principal shareholders of MSBs. The Financial Supervisory Service (FSS) announced that it would provide stiffer penalties for individuals who have violated such requirements. These violations usually involve acquiring shares of MSBs to intentionally postpone or evade the pre-acquisition and pre-approval filings with the FSS or to misrepresent the true nature of the holdings by registering in another person's name.

A new law that governs financial guarantee contracts, Decree-law 105/2004 of May 8, entered into force in June 2004. Decree law 105/2004 transposes EU Directive 2002/47/EU into Portuguese law.

In the Netherlands Civil Code (the NCC) there is a fairly odd article 1:88 that provides that a person requires the consent of his or her spouse for certain legal transactions. One of the mentioned transactions is instalment buying (koop op afbetaling), with an exception for objects (zaken) that only or mainly serve for the normal conduct of the person's profession or business. The consent must be given in writing if the law states a formality must be carried out to perform the legal transaction. Any legal transaction performed by a spouse in breach of this article is voidable. Only the other spouse may claim a ground for avoidance.

In July 2004 the Jakarta Stock Exchange (JSX) issued a decree that revisits the requirements and procedures for delisting and relisting on the stock exchange. Certain provisions under a decree of the JSX board of directors made in 2000 were declared invalid.